v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 98,490 $ 121,169
Trade and other receivables, net 9,326 17,763
Inventories 7,366 6,169
Prepaid expenses and other current assets 3,312 4,168
Total current assets 118,494 149,269
Property and equipment, net 3,960 3,893
Right-of-use assets, net 7,949 4,621
Other non-current assets 1,701 2,642
Total assets 132,104 160,425
Current liabilities:    
Accounts payable 8,965 29,862
Accrued expenses 4,518 5,029
Lease liabilities, current 820 631
Deferred revenue, current 1,092 1,092
Liability related to the sale of future revenue, current 1,000 1,000
Royalty obligations, current 51 0
Debt, current 32 9,994
Total current liabilities 16,478 47,608
Debt, long-term, net 50,654 27,519
Royalty obligations, net 27,835 25,941
Liability related to the sale of future revenue, net 61,168 62,023
Lease liabilities 7,525 4,337
Deferred revenue, net of current portion 18,845 19,390
Other non-current liabilities 6,185 7,269
Total liabilities 188,690 194,087
Contingencies (Note 20)
Stockholders’ deficit:    
Common Stock, $0.001 par value. Authorized $250,000,000 shares; 125,511,648 and 122,044,299 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 126 122
Additional paid-in capital 421,207 413,214
Accumulated deficit (477,919) (446,998)
Total stockholders’ deficit (56,586) (33,662)
Total liabilities and stockholders’ deficit $ 132,104 $ 160,425