v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,162) $ (29,836)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 2 2
Accretion of investments (1,002) (2,189)
Stock-based compensation 4,431 10,366
Amortization of intangible asset 1,273 1,457
Changes in assets and liabilities:    
Accounts receivable, net 33,915 3,149
Inventory 31,837 19,958
Prepaid and other current assets (6,688) (5,239)
Other long-term assets (2,884) 78
Interest receivable 120 420
Accounts payable and other current liabilities (30,264) 5,997
Other long-term liabilities 414 (16)
Net cash provided by operating activities 12,992 4,147
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of securities 88,380 105,300
Purchases of securities (90,540) (80,826)
Net cash (used in) provided by investing activities (2,160) 24,474
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under employee stock purchase plan 59 57
Taxes paid related to stock-based awards (1,993) (1,839)
Net cash used in financing activities (1,934) (1,782)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 8,898 26,839
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 134,861 121,338
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 143,759 148,177
Cash paid during the year for:    
Income taxes $ 3,561 (147)
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset   $ 856