v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 8,345 $ 8,490
Restricted cash, current 2,065 2,300
Inventory 19,458 18,421
Prepaid expenses and other current assets 4,043 5,492
Total current assets 33,911 34,703
Restricted cash, noncurrent 1,002 1,002
Property and equipment, net 3,469 3,653
Intangible assets, net 2,098 2,302
Operating lease right-of-use assets 8,613 9,535
Other long-term assets 1,696 1,899
Total assets 50,789 53,094
Current liabilities:    
Accounts payable 6,390 8,828
Accrued expenses 9,434 9,476
Deferred revenue 6,906 5,033
Debt, current 0 800
Operating lease liabilities, current 3,171 2,895
Other current liabilities 1,047 665
Total current liabilities 26,948 27,697
Debt, noncurrent 7,500 6,700
Operating lease liabilities, noncurrent 8,400 10,053
Derivative liabilities 700 871
Total liabilities 43,548 45,321
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock, $0.0001 par value — 100,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 25,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025 24,772 24,772
Stockholders’ deficit:    
Common stock, $0.0001 par value — 600,000,000 Class A shares authorized as of June 30, 2026 and December 31, 2025; 42,701,046 and 41,796,921 Class A shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 4 4
Additional paid-in capital 644,623 643,226
Accumulated deficit (662,158) (660,229)
Total stockholders’ deficit (17,531) (16,999)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit $ 50,789 $ 53,094