v3.26.1
Inventory
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventory Inventory
Inventory consisted of the following (in thousands):
June 30, 2026December 31, 2025
Raw materials$2,602 $2,612 
Semi-finished goods7,404 7,591 
Finished goods— 1,342 
Total inventory$10,006 $11,545 
Inventory write-downs as a result of excess, obsolescence, expiry, or other reasons, and losses on firm purchase commitments, offset by recoveries of such commitments, are recorded as a component of cost of sales in the Company’s consolidated statements of operations. During the three and six months ended June 30, 2026, the Company recorded inventory write-downs of $1.6 million. During the three months ended June 30, 2026, the Company recognized no losses on firm purchase commitments. During the six months ended June 30, 2026, the Company recognized $4.2 million of losses on firm purchase commitments. During the three and six months ended June 30, 2025, the Company recorded $1.1 million and $1.4 million, respectively, of inventory write-downs and recognized no losses on firm purchase commitments.