v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (36,398) $ (25,459)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 5,499 1,267
Depreciation and amortization expense 1,220 831
Non-cash lease expense 755 1,419
Accretion of debt discount 469 437
Change in fair value of warrant liability (608) (13,472)
Other (165) 196
Changes in operating assets and liabilities:    
Accounts receivable (1,475) (75)
Inventory (1,023) (353)
Prepaid expenses, other current and non-current assets (2,239) 441
Accounts payable (1,764) (967)
Accrued expenses and other long-term liabilities (4,480) (7,555)
Deferred revenue 349 1,581
Lease liabilities (527) (560)
Net cash used in operating activities (40,387) (42,269)
Cash flows from investing activities:    
Acquisition of intangible asset (5,000) (3,000)
Purchase of marketable securities 0 (16,953)
Sales and maturities of marketable securities 23,252 39,927
Net cash provided by investing activities 18,252 19,974
Cash flows from financing activities:    
Proceeds from issuance of shares of common stock under employee stock purchase plan 76 46
Proceeds from sales of shares of common stock, less issuance costs, and exercise of pre-funded warrants 1 5,585
Net cash provided by financing activities 77 5,631
Effect of exchange rate changes on cash, cash equivalents and restricted cash (25) 211
Net decrease in cash, cash equivalents and restricted cash (22,083) (16,453)
Cash, cash equivalents and restricted cash at beginning of period 217,852 56,475
Cash, cash equivalents and restricted cash at end of period $ 195,769 $ 40,022