v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Current assets:      
Cash and cash equivalents $ 79,753   $ 91,965
Accounts receivable, net of allowance for credit losses of $113 and $234 at June 30, 2026 and December 31, 2025, respectively 11,386   9,745
Inventory, net 5,695   7,767
Prepaid expenses and other current assets 4,606   3,257
Total current assets 101,440   112,734
Property and equipment, net 1,667   1,610
Operating lease right-of-use assets 1,185   438
Other noncurrent assets 580   518
Total assets 104,872   115,300
Current liabilities:      
Accounts payable 1,898   1,343
Accrued compensation 4,665   6,074
Accrued and other current liabilities 3,805   3,610
Short-term debt, net 10,131   0
Total current liabilities 20,499   11,027
Long-term debt, net 30,645   40,300
Other noncurrent liabilities 834   31
Total liabilities 51,978   51,358
Commitments and contingencies (Note 6)  
Stockholders' equity:      
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0   0
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 54,716,301 and 53,493,711 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 55   54
Additional paid-in-capital 454,988   448,611
Accumulated deficit (402,149)   (384,723)
Total stockholders' equity 52,894 $ 53,903 63,942
Total liabilities and stockholders' equity $ 104,872   $ 115,300