v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 8,163 $ 41,317
Short-term investments 135,682 203,669
Accounts receivable, net 46,839 25,347
Inventories 11,689 8,369
Prepaid expenses and other current assets 9,137 6,194
Total current assets 211,510 284,896
Inventories, noncurrent 19,045 23,053
Property, plant and equipment, net 2,085 2,465
Intangible assets, net 13,900 14,452
Other assets 2,955 2,786
Total assets 249,495 327,652
Current liabilities:    
Accounts payable and accrued liabilities (including related party amounts of $2,178 and $1,624, respectively) 59,732 37,948
Contract liability, current 535 609
Other current liabilities 596 588
Total current liabilities 60,863 39,145
Term loans, net (including related party amounts of $4,834 and $4,819, respectively) 96,676 96,374
Financing liability 74,927 72,140
Contract liability, net of current portion 1,115 1,130
Other accrued liabilities 3,402 4,605
Total liabilities 236,983 213,394
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred Stock, $0.0001 par value 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, $0.0001 par value per share; 200,000,000 shares authorized at June 30, 2026 and December 31, 2025; 99,437,865 and 99,290,926 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 10 10
Additional paid-in capital 430,202 408,726
Accumulated other comprehensive (loss) gain, net (140) 125
Accumulated deficit (417,560) (294,603)
Total stockholders' equity 12,512 114,258
Total liabilities and stockholders' equity $ 249,495 $ 327,652