v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 25,850 $ 74,358
Restricted cash 153 193
Inventory 14,514 11,639
Prepaid expenses and other current assets 7,637 7,508
Total current assets 94,489 106,476
Property and equipment, net 11,809 8,986
Right-of-use operating lease assets 2,917 3,278
Goodwill 568,210 571,653
Intangible assets, net 79,413 83,487
Other assets 209 259
Total assets 757,047 774,139
Current liabilities:    
Accrued expenses 7,621 7,624
Operating lease liabilities, current 922 902
Deferred revenue 7,220 4,497
Related party borrowings 5 1,161
Revolving lines of credit 5,492
Current maturities of debt 1,348 1,190
Total current liabilities 32,975 30,865
Long-term debt, net of current maturities 500
Deferred tax liability 1,046 1,046
Long-term deferred revenue 11 8
Operating lease liabilities, noncurrent 2,075 2,478
Other long-term liabilities 800 50
Total liabilities 36,907 34,947
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.000001 par value; 1,000,000 shares authorized; 32,773 issued and 31,555 outstanding as of June 30, 2026 and 32,594 issued and 31,376 outstanding as of December 31, 2025
Additional paid-in capital 965,628 963,022
Treasury shares, 1,218 shares as of June 30, 2026 and December 31, 2025 (21,220) (21,220)
Accumulated other comprehensive income 3,736 7,947
Accumulated deficit (228,004) (210,557)
Total stockholders’ equity 720,140 739,192
Total liabilities and stockholders’ equity 757,047 774,139
Nonrelated Party [Member]    
Current assets:    
Accounts receivable, net 46,167 12,385
Current liabilities:    
Accounts payable 7,035 6,599
Related Party [Member]    
Current assets:    
Accounts receivable, net 168 393
Current liabilities:    
Accounts payable $ 3,332 $ 8,892