v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (4,630) $ (13,433)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 908 651
Stock-based compensation 10,400 12,316
Non-cash operating lease cost 1,361 1,336
Net loss on sale of available-for-sale securities 3 2
Unrealized gain on investments (124) (128)
Non-cash interest expense 233 197
Foreign currency remeasurement (gain) loss (249) 508
Changes in operating assets and liabilities:    
Accounts receivable (777) (1,226)
Inventories (10,416) (12,210)
Prepaid and other assets 663 (811)
Accounts payable 6,085 7,842
Accrued liabilities and other non-current liabilities (9,459) 853
Deferred revenue 292 813
Net cash used in operating activities (5,710) (3,290)
Investing activities    
Capital expenditures (1,106) (589)
Purchases of investments (8,940) (20,477)
Proceeds from maturities and sale of investments 32,772 18,788
Net cash provided by (used in) investing activities 22,726 (2,278)
Financing activities    
Net proceeds from equity incentives 263 326
Net costs from public offerings (55) (87)
Net proceeds from revolving line of credit 11,120 703
Payments on loans (30,000)  
Debt issuance costs (175)  
Net cash (used in) provided by financing activities (18,847) 942
Effect of exchange rates on cash, cash equivalents, and restricted cash (162) 396
Net decrease in cash, cash equivalents, and restricted cash (1,993) (4,230)
Cash, cash equivalents, and restricted cash, beginning of period 20,600 21,361
Cash, cash equivalents, and restricted cash, end of period $ 18,607 $ 17,131