v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (45,205) $ (48,025)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,454 2,108
Non-cash lease expense 757 1,279
Accretion on marketable securities (1,609) (4,263)
Loss on disposal of fixed assets 0 15
Write-down of inventory 1,361 997
Change in fair value of warrant liabilities (794) (2,407)
Stock-based compensation 5,615 5,258
Changes in operating assets and liabilities:    
Accounts receivable, net 504 416
Legal settlement insurance receivable 4,638 (4,638)
Inventory (311) (766)
Prepaid expenses and other current assets (708) 186
Other assets 116 0
Accounts payable 140 46
Accrued expenses and other current liabilities (2,112) (2,777)
Accrued legal settlement liability (8,000) 8,000
Operating lease liabilities (913) (1,806)
Other long-term liabilities (15) 26
Net cash used in operating activities (44,082) (46,351)
Cash flows from investing activities:    
Purchases of property and equipment (357) (1,634)
Lease security deposit paid (434) 0
Purchases of marketable securities (89,016) (191,605)
Sales and maturities of marketable securities 138,200 164,100
Net cash provided by (used in) investing activities 48,393 (29,139)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 1,641
Proceeds from issuance of common stock from direct equity offerings, net of fees and issuance costs 0 46,774
Net cash provided by financing activities 0 48,415
Effect of exchange rate changes on cash and cash equivalents (95) 22
Net increase (decrease) in cash, cash equivalents and restricted cash 4,216 (27,053)
Cash, cash equivalents and restricted cash at beginning of period 21,639 49,241
Cash, cash equivalents and restricted cash at end of period 25,855 22,188
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 23,653 22,188
Restricted cash, non-current 2,202 0
Total cash, cash equivalents and restricted cash 25,855 22,188
Supplemental disclosure of cash flow information    
Cash paid for income taxes 12 0
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment purchased but not paid 147 440
Transfers from inventory to property and equipment $ 244 $ 0