v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 32,663 $ 40,476
Marketable securities 96,598 118,785
Accounts receivable, net 15,995 15,053
Inventory 6,737 7,288
Contract costs, current 2,196 2,210
Prepaid expenses and other current assets 3,658 2,906
Total current assets 157,847 186,718
Property and equipment, net 1,760 2,030
Operating lease right-of-use assets 1,781 2,296
Contract costs, long-term 1,540 1,847
Other non-current assets 3,420 2,912
Total assets 166,348 195,803
Current liabilities    
Accounts payable 3,185 2,838
Accrued liabilities 12,481 14,328
Contract liabilities, current 11 101
Operating lease liability, current 1,180 1,105
Other current liabilities 343 818
Total current liabilities 17,200 19,190
Long-term liabilities    
Notes payable, long-term 19,981 19,811
Other liabilities, long-term 106 106
Operating lease liability, long-term 748 1,360
Total long-term liabilities 20,835 21,277
Total liabilities 38,035 40,467
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.001 par value; Authorized shares: 10,000,000 as of June 30, 2026 and December 31, 2025, respectively Issued and outstanding shares: none as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.001 par value; Authorized shares: 500,000,000 as of June 30, 2026 and December 31, 2025, respectively Issued and outstanding shares: 38,223,221 and 37,485,124 as of June 30, 2026 and December 31, 2025, respectively 39 38
Additional paid-in capital 387,727 375,495
Accumulated other comprehensive income (loss) (92) 159
Accumulated deficit (259,361) (220,356)
Total stockholders' equity 128,313 155,336
Total liabilities and stockholders' equity $ 166,348 $ 195,803