v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 195,095 $ 217,049
Accounts receivable 2,047 573
Marketable securities 12,874 35,949
Inventory 5,502 4,479
Prepaid expenses and other current assets 3,337 3,527
Total current assets 218,855 261,577
Property and equipment, net 111 182
Goodwill 17,351 17,351
Intangible asset, net 13,101 9,250
Right-of-use assets 654 1,409
Other assets 2,991 692
Total assets 253,063 290,461
Current liabilities:    
Accounts payable 3,934 5,696
Accrued expenses 14,125 18,603
Deferred revenue 842 464
Current portion of lease liability 465 994
Total current liabilities 19,366 25,757
Long-term debt, including accretion, net of discount 76,759 76,291
Warrant liability 369 977
Deferred revenue 592 621
Other liabilities 523 525
Total liabilities 97,609 104,171
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.001 par value. 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 96,114,534 and 90,906,920 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 96 91
Additional paid-in capital 786,433 780,862
Accumulated other comprehensive loss (123) (109)
Accumulated deficit (630,952) (594,554)
Total stockholders’ equity 155,454 186,290
Total liabilities and stockholders’ equity $ 253,063 $ 290,461