v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 10,075 $ 21,105
Restricted cash 1,000 0
Accounts receivable, net of allowance for credit losses of $3,031 and $3,069 at June 30, 2026 and December 31, 2025, respectively 48,670 55,743
Inventories 9,989 9,627
Prepaid and other current assets 13,582 11,294
Total current assets 83,316 97,769
Operating lease right-of-use assets 1,636 983
Property and equipment, net 3,649 3,793
Goodwill 7,657 7,444
Other assets 1,801 1,823
Total assets 98,059 111,812
Current liabilities    
Accounts payable 11,436 13,247
Short-term debt 22,641 12,681
Accrued expenses 39,810 23,770
Income taxes payable 570 630
Deferred revenue 5,451 7,172
Other current liabilities 11,321 10,725
Total current liabilities 91,229 68,225
Long-term debt, net 0 9,921
Operating lease liability, net of current portion 1,099 553
Deferred income taxes 207 0
Warrant liability 34,660 74,515
Other non-current liabilities 1,210 1,556
Total liabilities 128,405 154,770
Commitments and contingencies (Note 12)
Stockholders' deficit    
Preferred stock par value of $0.0001 per share, 10,000,000 shares authorized; none issued asof June 30, 2026 and December 31, 2025 0 0
Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 16,455,751 and 15,537,344 shares issued and outstanding as of June 30, 2026 and December 31, 2025 2 2
Treasury stock, at cost; 1,076,257 shares as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 391,567 384,648
Accumulated other comprehensive loss (72) (290)
Accumulated deficit (421,843) (427,318)
Total stockholders' deficit (30,346) (42,958)
Total liabilities and stockholders' deficit $ 98,059 $ 111,812