v3.26.1
Property, Plant and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6. Property, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Computer equipment

 

$

1,036

 

 

$

3,188

 

Lab equipment

 

 

8,380

 

 

 

8,362

 

Leasehold improvements

 

 

3,479

 

 

 

3,413

 

Construction in progress

 

 

7,542

 

 

 

6,863

 

Testing equipment

 

 

2,368

 

 

 

2,133

 

Manufacturing equipment

 

 

6,050

 

 

 

5,531

 

Furniture, fixtures and other equipment

 

 

461

 

 

 

579

 

Total property, plant and equipment

 

$

29,316

 

 

$

30,069

 

Less: accumulated depreciation

 

 

(16,917

)

 

 

(17,224

)

Total property, plant and equipment, net

 

$

12,399

 

 

$

12,845

 

 

Depreciation related to property, plant, and equipment was $1.0 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively and $2.1 million and $2.3 million for the six months ended June 30, 2026 and 2025, respectively