v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 24,208 $ 25,179
Marketable securities 195,795 267,168
Accounts receivable, net 442 329
Inventory 4,121 2,936
Prepaid expenses and other current assets 8,716 5,800
Total current assets 233,282 301,412
Property and equipment, net 1,002 1,189
Operating lease right-of-use asset 521 734
Other assets 1,791 2,541
Total assets 236,596 305,876
Current liabilities:    
Accounts payable 6,648 4,167
Accrued liabilities 9,779 17,020
Deferred revenue 785 0
Total current liabilities 17,212 21,187
Operating lease liability, net 122 350
Total liabilities 17,334 21,537
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, par value of $0.00001 per share; 300,000,000 shares authorized; 31,416,892 and 31,344,782 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 520,437 511,237
Accumulated deficit (300,547) (227,141)
Accumulated other comprehensive (loss) income (629) 242
Total stockholders’ equity 219,262 284,339
Total liabilities and stockholders’ equity $ 236,596 $ 305,876