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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (13,433) $ (15,465)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 651 1,111
Stock-based compensation 12,316 11,533
Non-cash operating lease cost 1,336 1,228
Net loss on sale of available-for-sale securities 2 5
Unrealized gain on investments (128) (110)
Loss on disposal of fixed assets   3
Non-cash interest expense 197 205
Foreign currency remeasurement loss (gain) 508 (161)
Changes in operating assets and liabilities:    
Accounts receivable (1,226) 11,619
Inventories (12,210) 6,278
Prepaid and other assets (811) (1,038)
Accounts payable 7,842 (6,821)
Accrued liabilities and other non-current liabilities 853 (5,121)
Deferred revenue 813 (906)
Net cash (used in) provided by operating activities (3,290) 2,360
Investing activities    
Capital expenditures (589) (1,140)
Purchases of investments (20,477) (13,096)
Proceeds from maturities and sale of investments 18,788 8,575
Net cash used in investing activities (2,278) (5,661)
Financing activities    
Net proceeds from equity incentives 326 441
Net costs from public offerings (87) (65)
Net proceeds from (payment on) revolving line of credit 703 (1,218)
Proceeds from loans, net of issuance costs 0 5,000
Net cash provided by financing activities 942 4,158
Effect of exchange rates on cash, cash equivalents, and restricted cash 396 (106)
Net (decrease) increase in cash, cash equivalents, and restricted cash (4,230) 751
Cash, cash equivalents, and restricted cash, beginning of period 21,361 13,359
Cash, cash equivalents, and restricted cash, end of period $ 17,131 $ 14,110