v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 46,244 $ 85,793
Restricted cash 100 100
Short-term investments 24,000 24,000
Marketable securities 18,980 0
Accounts receivable, net of allowances of $2,794 and $1,653, as of June 30, 2026 and December 31, 2025, respectively 13,775 11,362
Inventory 2,275 1,845
Prepaid expenses and other current assets 4,224 3,573
Total current assets 109,598 126,673
Property and equipment, net 2,400 1,487
Operating lease right-of-use assets 5,951 1,826
Other assets 253 134
Total assets 118,202 130,120
Current liabilities:    
Accounts payable 3,704 4,481
Accrued liabilities 4,113 3,287
Accrued compensation 3,877 5,760
Short-term operating lease liabilities 703 752
Total current liabilities 12,397 14,280
Long-term portion of term loan, net 15,382 15,346
Long-term operating lease liabilities 5,832 1,316
Other long-term liabilities 345 309
Total liabilities 33,956 31,251
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized and zero shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.00001 par value; 600,000,000 shares authorized, 27,267,575 shares issued, and 27,225,759 shares outstanding as of June 30, 2026; 600,000,000 shares authorized, 26,664,243 shares issued, and 26,604,505 shares outstanding as of December 31, 2025 0 0
Additional paid-in capital 204,274 199,674
Accumulated deficit (120,011) (100,805)
Accumulated other comprehensive loss (17) 0
Total stockholders' equity 84,246 98,869
Total liabilities and stockholders' equity $ 118,202 $ 130,120