v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (17,426) $ (26,095)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 197 274
Accretion of debt discount and debt issuance costs 476 465
Stock-based compensation expense 5,816 8,085
Noncash operating lease expense 225 241
Other (125) 37
Changes in operating assets and liabilities:    
Accounts receivable (1,553) 1,112
Inventory 2,109 135
Prepaid expenses and other current assets (1,348) 201
Other noncurrent assets (153) 73
Accounts payable 555 385
Accrued compensation (1,408) (4,453)
Accrued and other current liabilities (57) 392
Net cash used in operating activities (12,692) (19,148)
Cash flows from investing activities    
Purchases of property and equipment (79) (210)
Net cash used in investing activities (79) (210)
Cash flows from financing activities    
Proceeds from employee stock purchase plan purchases 476 434
Taxes paid on net share settlement of restricted stock units (13) (54)
Proceeds from exercise of common stock options 99 121
Net cash provided by financing activities 562 501
Net change in cash, cash equivalents, and restricted cash (12,209) (18,857)
Cash, cash equivalents, and restricted cash at beginning of period 92,230 120,357
Cash, cash equivalents, and restrcited cash at end of period 80,021 101,500
Restricted Cash 268 0
Cash and cash equivalents at end of period 79,753 101,500
Supplemental disclosure of cash flow information    
Cash paid for interest 2,093 2,082
Operating lease expense 288 293
Cash paid for operating leases 314 307
Supplemental noncash disclosure of investing and financing activities    
New operating lease assets obtained in exchange for operating lease liabilities 972 0
Acquisition of property and equipment included in accounts payable and accrued liabilities $ 85 $ 23