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 income $ 1,598 $ 3,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 10,064 14,072
Depreciation expense 215 94
Amortization of Right-of-Use Asset 86 54
Amortization of premiums and discounts on marketable securities (877) (765)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (652) (3,091)
Accounts receivable (4,198) (4,946)
Inventories (1,461) (3,590)
Accounts payable and accrued expenses 2,235 4,137
Other liabilities, non-current (441) (235)
Net cash provided by operating activities 6,569 9,496
Cash flows from investing activities:    
Purchase of investments (48,102) (51,152)
Maturities of investments 48,100 26,127
Purchase of property, plant and equipment (1,073) (538)
Net cash used in investing activities (1,075) (25,563)
Cash flows from financing activities:    
Proceeds from the issuance of common stock relating to the employee stock purchase plan 389 238
Proceeds from exercise of warrants 0 16,158
Proceeds from exercise of stock options 1,203 1,496
Repurchase and retirement of common stock (3,011) 0
Net cash (used in) provided by financing activities (1,419) 17,892
Foreign currency effects on cash (8) 184
Net increase in total cash 4,067 2,009
Total Cash and Cash Equivalents:    
Beginning of period 43,454 32,412
End of period 47,521 34,421
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Right of use assets obtained in exchange for lease obligations $ 1,613 $ 0