v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 39,867 $ (29,109)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 1,782 1,709
Amortization of intangible assets 457 462
Non-cash operating lease cost 371 276
Provision for expected credit losses 18 (64)
Write-down of inventory 36  
Loss on disposal of property and equipment   58
Stock-based compensation expense 1,037 1,420
Change in fair value of warrant liabilities (25,178) 17,382
Acquisition-related income (10,000) 0
Amortization on investments, net 1 (98)
Changes in operating assets and liabilities:    
Accounts receivable 190 1,193
Notes receivable (58) 333
Prepaid and other current assets (1,317) 625
Inventories (4,006) (10,763)
Accounts payable (4,040) 5,319
Accrued liabilities (3,043) (1,081)
Deferred revenue (185) 692
Operating lease liabilities (353) (283)
Other 23 (7)
Net cash used in operating activities (4,398) (11,936)
Cash flows from investing activities    
Investment maturities 5,000 5,000
Purchase of investments   (11,878)
Purchase of property and equipment (35) (83)
Net cash provided by (used in) investing activities 4,965 (6,961)
Cash flows from financing activities    
Proceeds from issuance of common stock through option exercises 55 34
Proceeds from issuance of common stock under employee stock purchase plan 259 175
Net settlement of stock-based compensation awards (290) (425)
Proceeds from acquisition-related deposit   10,000
Net cash provided by financing activities 24 9,784
Net increase (decrease) in cash and cash equivalents 591 (9,113)
Cash and cash equivalents at beginning of the period 12,974 16,263
Cash and cash equivalents at end of the period 13,565 7,150
Supplemental schedule of non-cash investing and financing activities    
Transfer from Inventories to Equipment under lease, net $ 617 $ 3,538