v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 23,997 $ 33,038
Available-for-sale securities, current portion 58,419 55,889
Accounts receivable, trade, net of allowance for credit losses of $16 and $22 as of June 30, 2026 and December 31, 2025, respectively 10,652 7,953
Inventories 35,591 30,155
Prepaid expenses and other current assets 6,539 9,526
Total current assets 135,198 136,561
Property and equipment, net 15,235 14,713
Operating lease right-of-use assets, net 8,644 7,466
Other assets 3,289 3,050
Available-for-sale securities, long-term 30,654 31,250
Intangible assets, net 3,654 4,257
Deferred tax assets, net 42,233 0
Goodwill 208,587 208,587
Total assets 447,494 405,884
Current liabilities:    
Accounts payable 2,482 1,486
Accrued expenses and other current liabilities 6,798 11,974
Sales taxes payable 2,074 2,279
Lease liabilities, operating, current portion 2,593 2,243
Debt, current portion 0 4,997
Total current liabilities 13,947 22,979
Lease liabilities, operating, long-term 13,145 10,657
Deferred tax liabilities 0 189
Other long-term liabilities 399 171
Total liabilities 27,491 33,996
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, $0.001 par value; 1,000,000 shares authorized, Series A, 4,250 shares designated, and 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 48,889,090 and 48,198,928 shares issued and outstanding, respectively, as of June 30, 2026 and December 31, 2025 49 48
Additional paid-in capital 713,571 711,404
Accumulated other comprehensive (loss) income, net of tax (211) 132
Accumulated deficit (293,406) (339,696)
Total shareholders’ equity 420,003 371,888
Total liabilities and shareholders’ equity $ 447,494 $ 405,884