v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 77,402 $ 91,965
Accounts receivable, net of allowance for credit losses of $183 and $234 at September 30, 2026 and December 31, 2025, respectively 13,380 9,745
Inventory, net 6,502 7,767
Prepaid expenses and other current assets 4,186 3,257
Total current assets 101,470 112,734
Property and equipment, net 1,711 1,610
Operating lease right-of-use assets 1,077 438
Other noncurrent assets 690 518
Total assets 104,948 115,300
Current liabilities:    
Accounts payable 2,782 1,343
Accrued compensation 6,483 6,074
Accrued and other current liabilities 4,809 3,610
Short-term debt, net 6,063 0
Total current liabilities 20,137 11,027
Long-term debt, net 34,966 40,300
Other noncurrent liabilities 708 31
Total liabilities 55,811 51,358
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 55,219,266 and 53,493,711 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 55 54
Additional paid-in-capital 458,041 448,611
Accumulated deficit (408,959) (384,723)
Total stockholders' equity 49,137 63,942
Total liabilities and stockholders' equity $ 104,948 $ 115,300