Balance Sheet Details (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Schedule of Cash and Cash Equivalents |
Cash, cash equivalents and restricted cash consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Cash and cash equivalents |
|
$ |
267,487 |
|
|
$ |
120,863 |
|
Restricted cash |
|
|
2,077 |
|
|
|
2,433 |
|
Total cash, cash equivalents and restricted cash |
|
$ |
269,564 |
|
|
$ |
123,296 |
|
|
| Schedule of Accounts Receivable, Net |
Accounts receivable consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Trade receivables |
|
$ |
13,307 |
|
|
$ |
13,715 |
|
Less: allowance for expected credit losses |
|
|
(325 |
) |
|
|
(284 |
) |
Accounts receivable, net |
|
$ |
12,982 |
|
|
$ |
13,431 |
|
|
| Schedule of Inventories |
Inventory consisted of the following (in thousands):
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|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Raw materials |
|
$ |
8,810 |
|
|
$ |
8,631 |
|
Work-in-process |
|
|
428 |
|
|
|
253 |
|
Finished goods |
|
|
8,379 |
|
|
|
11,097 |
|
Total inventory |
|
$ |
17,617 |
|
|
$ |
19,981 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Laboratory and manufacturing equipment |
|
$ |
33,899 |
|
|
$ |
35,383 |
|
Leasehold improvements |
|
|
13,793 |
|
|
|
14,050 |
|
Computer equipment |
|
|
3,002 |
|
|
|
2,303 |
|
Internal-use software |
|
|
13,243 |
|
|
|
13,118 |
|
Office furniture and fixtures |
|
|
1,612 |
|
|
|
1,683 |
|
Property and equipment, gross |
|
|
65,549 |
|
|
|
66,537 |
|
Less: accumulated depreciation and amortization |
|
|
(52,380 |
) |
|
|
(48,162 |
) |
Construction-in-progress |
|
|
71 |
|
|
|
900 |
|
Property and equipment, net |
|
$ |
13,240 |
|
|
$ |
19,275 |
|
|
| Accrued Liabilities |
Accrued liabilities, which are included in current liabilities on the condensed consolidated balance sheets, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Accrued legal fees |
|
$ |
13,953 |
|
|
$ |
3,513 |
|
Accrued compensation and related benefits |
|
|
7,903 |
|
|
|
18,146 |
|
Uninvoiced receipts |
|
|
809 |
|
|
|
941 |
|
Accrued restructuring |
|
|
479 |
|
|
|
2,916 |
|
Accrued warranties |
|
|
415 |
|
|
|
683 |
|
Accrued taxes |
|
|
4,260 |
|
|
|
2,133 |
|
Other |
|
|
2,617 |
|
|
|
1,451 |
|
Accrued liabilities |
|
$ |
30,436 |
|
|
$ |
29,783 |
|
|