v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 56,229 $ 78,437
Short-term investments 90,597 112,967
Accounts receivable, net 9,394 6,147
Inventory 5,921 5,493
Other receivables 495 568
Prepaid expenses and other current assets 1,942 1,294
Total current assets 164,578 204,906
Property and equipment, net 10,152 9,921
Operating lease right-of-use assets 3,950 3,962
Other assets 827 781
Total assets 179,507 219,570
Current liabilities:    
Accounts payable 2,994 7,889
Accrued expenses 7,197 8,467
Current portion of long-term debt 13,333 12,222
Current portion of operating lease liability 1,280 864
Accrued taxes and other current liabilities 2 128
Total current liabilities 24,806 29,570
Long-term operating lease liabilities 3,604 4,069
Long-term debt 1,655 7,813
Deferred revenue 677
Warrant liabilities 20,707 18,902
Total liabilities 51,449 60,354
Commitments and contingencies
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 57,225,919 and 55,043,413 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 572 550
Additional paid-in capital 906,906 900,603
Accumulated deficit (779,341) (742,075)
Accumulated other comprehensive (loss) income (79) 138
Total stockholders’ equity 128,058 159,216
Total liabilities and stockholders’ equity $ 179,507 $ 219,570