v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 43,896 $ 44,450
Accounts receivable, net 10,770 8,101
Inventory 13,085 10,734
Prepaid expenses and other current assets 1,257 1,877
Total current assets 69,008 65,162
Property and equipment, net 14,843 14,140
Intangible assets, net 897 1,714
Right-of-use assets 2,756 3,251
Other assets 1,889 342
Total assets 89,393 84,609
Current liabilities:    
Accounts payable 2,394 5,180
Accrued liabilities 6,654 3,651
Deferred revenue 2,958 0
Lease liabilities, current portion 1,405 1,381
Contract obligations 271 1,472
Software liabilities, current portion 889 1,769
Total current liabilities 14,571 13,453
Lease liabilities, net of current portion 1,428 1,956
Software liabilities, net of current portion 16 15
Long-term income tax liability 271 268
Total liabilities 16,286 15,692
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value per share; 100,000,000 shares authorized; 24,271,438 and 22,977,797 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 214,447 206,370
Accumulated deficit (141,342) (137,455)
Total stockholders’ equity 73,107 68,917
Total liabilities and stockholders’ equity $ 89,393 $ 84,609