v3.26.3
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 41,989 $ 40,476
Marketable securities 75,478 118,785
Accounts receivable, net 17,792 15,053
Inventory 6,955 7,288
Contract costs, current 2,232 2,210
Prepaid expenses and other current assets 2,991 2,906
Total current assets 147,437 186,718
Property and equipment, net 1,774 2,030
Operating lease right-of-use assets 1,516 2,296
Contract costs, long-term 1,503 1,847
Other non-current assets 4,140 2,912
Total assets 156,370 195,803
Current liabilities    
Accounts payable 2,334 2,838
Accrued liabilities 14,059 14,328
Deferred revenue 230  
Contract liabilities, current   101
Operating lease liability, current 1,218 1,105
Other current liabilities 193 818
Total current liabilities 18,034 19,190
Long-term liabilities    
Notes payable, long-term 20,000 19,811
Other liabilities, long-term 367 106
Operating lease liability, long-term 432 1,360
Total long-term liabilities 20,799 21,277
Total liabilities 38,833 40,467
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.001 par value; Authorized shares: 10,000,000 as of September 30, 2026 and December 31, 2025 Issued and outstanding shares: none as of September 30, 2026 and December 31, 2025
Common stock, $0.001 par value; Authorized shares: 500,000,000 as of September 30, 2026 and December 31, 2025 Issued and outstanding shares: 38,820,703 and 37,485,124 as of September 30, 2026 and December 31, 2025, respectively 39 38
Additional paid-in capital 398,353 375,495
Accumulated other comprehensive income (loss) (143) 159
Accumulated deficit (280,712) (220,356)
Total stockholders' equity 117,537 155,336
Total liabilities and stockholders' equity $ 156,370 $ 195,803