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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 28,000 $ 16,706
Short-term investments 201,341 220,517
Accounts receivable, net 30,958 30,050
Inventories, net 23,574 22,009
Prepaid and other current assets 4,541 4,541
Total current assets 288,414 293,823
Property and equipment, net 12,557 12,413
Operating leases right-of-use assets 10,922 11,217
Restricted cash 750 750
Other assets 401 360
Total assets 313,044 318,563
Current liabilities:    
Accounts payable 7,111 4,544
Accrued expenses and other current liabilities 14,575 20,358
Lease liabilities 1,055 974
Total current liabilities 22,741 25,876
Long-term lease liabilities 10,987 11,322
Other long-term liabilities 0 127
Total liabilities 33,728 37,325
Commitments and contingencies (Note 8)
Stockholders' deficit:    
Common stock, $0.001 par value, 900,000,000 shares authorized, 40,588,540 shares issued and outstanding as of March 31, 2025 and 40,428,220 shares issued and outstanding as of December 31, 2024 41 40
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 909,545 903,127
Accumulated other comprehensive income 15 166
Accumulated deficit (630,285) (622,095)
Total stockholders' equity 279,316 281,238
Total liabilities and stockholders' equity $ 313,044 $ 318,563