v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (13,566) $ (34,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 1,183 1,830
Amortization of intangible assets 9,081 6,456
Amortization of operating lease right-of-use assets 1,168 1,106
Share-based compensation 6,499 8,255
Amortization of discounts on short-term investments, net (344) (442)
Deferred income taxes, net 97 13
Change in estimated fair value of contingent liabilities (281) 225
Gain on sale of ion channel asset 0 (3,000)
Other 63 120
Changes in operating assets and liabilities, net:    
Accounts receivable, net (2,554) 2,599
Prepaid expenses and other current assets 236 135
Other long-term assets 211 374
Accounts payable, accrued expenses, and other liabilities (1,545) (1,771)
Operating lease liabilities (1,505) (1,381)
Deferred revenue (978) (1,462)
Net cash used in operating activities (2,235) (21,018)
Investing activities:    
Purchases of short-term investments (33,009) (18,595)
Proceeds from the maturity of short-term investments 34,100 27,300
Purchases of property and equipment (277) (374)
Proceeds from sale of short-term investments 0 90
Proceeds from sale of ion channel asset 0 3,000
Net cash provided by investing activities 814 11,421
Financing activities:    
Payment of contingent liabilities (113) 0
Proceeds from issuance of common stock from stock plans 346 341
Payment of transaction costs 0 (61)
Net cash provided by financing activities 233 280
Net change in cash, cash equivalents and restricted cash (1,188) (9,317)
Cash, cash equivalents and restricted cash at beginning of period 26,084 28,158
Cash, cash equivalents and restricted cash at end of period 24,896 18,841
Supplemental cash flow information:    
Deferred revenue recorded in accounts receivable $ 384 $ 33