v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash, cash equivalents and restricted cash equivalents $ 62,978 $ 64,295
Accounts receivable, net of allowance for credit losses of $152 and $121, respectively 13,215 12,443
VAT receivable 6,665 6,097
Inventories, net 57,831 68,295
Prepaid expenses and other current assets 10,226 8,875
Total current assets 150,915 160,005
Property, plant and equipment, net 28,384 30,969
Right of use asset operating lease 39,381 40,281
Intangibles, net 4,491 4,877
Deferred income taxes 52,053 52,970
Other long-term assets 872 947
Total assets 276,096 290,049
Current liabilities    
Accounts and contractual payables 63,177 55,671
Accrued payroll and other employee costs 5,803 9,110
Accrued warranty 1,989 2,050
Customer deposits 0 0
Deferred Revenue 3,046 539
Current portion of long-term debt 2,875 9,728
Lease liability Operating lease, Current 1,990 1,888
Other current liabilities 4,390 6,611
Total current liabilities 83,270 85,597
Long-term debt, net of current portion 97,850 97,514
Warrant liability 13,977 168,529
Accrued pension costs 1,292 1,256
Lease liability operating lease, long-term 42,205 43,233
Other long-term liabilities 1,301 1,333
Total liabilities 239,895 397,462
Commitments and contingencies (Note 16)
Stockholders' equity (deficit)    
Common stock, $0.01 par value, 50,000,000 shares authorized, 32,775,760 and 19,091,736 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 358 221
Additional paid in capital 204,519 72,557
Accumulated other comprehensive income 2,293 2,324
Accumulated deficit (170,969) (182,515)
Total stockholders' equity (deficit) 36,201 (107,413)
Total liabilities and stockholders' equity (deficit) $ 276,096 $ 290,049