BALANCE SHEET COMPONENTS (Tables)

9 Months Ended

Sep. 30, 2024

BALANCE SHEET COMPONENTS

Schedule of Property and Equipment, Net (in Thousands):

	September 30,		December 31,
	2024		2023
Computer equipment	$	11,919	$	12,515
Software		5,647		5,596
Furniture, fixtures, and equipment		2,543		2,501
Leasehold improvements		6,705		6,475
Laboratory and other equipment		5,621		4,891
Test equipment		26,286		25,044
Property and equipment in progress:
DFI™ system assets		27,991		22,864
CV® system and other assets		7,324		6,977
		94,036		86,863
Less: Accumulated depreciation and amortization		(48,017)		(49,525)
Total	$	46,019	$	37,338

Schedule of Intangible Assets, Net (in Thousands):

		September 30, 2024						December 31, 2023
	Amortization	Gross				Net		Gross				Net
	Period	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	(Years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Acquired identifiable intangibles:
Customer relationships	1-10	$	9,506	$	(7,772)	$	1,734	$	9,508	$	(7,335)	$	2,173
Developed technology	4-9		34,631		(23,983)		10,648		34,650		(22,094)		12,556
Tradename and trademarks	2-10		1,598		(1,100)		498		1,598		(1,025)		573
Patent	6-10		2,100		(1,847)		253		2,100		(1,782)		318
Noncompetition agreements	3		848		(848)		—		848		(848)		—
Total		$	48,683	$	(35,550)	$	13,133	$	48,704	$	(33,084)	$	15,620

Schedule of Intangible Asset Amortization Expense (in Thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Amortization of acquired technology included under costs of revenues	$	584	$	574	$	1,752	$	1,680
Amortization of acquired intangible assets presented separately under costs and expenses		196		328		714		979
Total amortization of acquired intangible assets	$	780	$	902	$	2,466	$	2,659

Schedule of Annual Amortization Expense of Acquired Identifiable Intangible Assets (in Thousands):

Year Ending December 31,	Amount
2024 (remaining three months)	$	767
2025		3,069
2026		2,900
2027		2,747
2028		2,442
2029 and thereafter		1,208
Total future amortization expense	$	13,133

Schedule of Other Non-Current Assets (in Thousands):

	September 30,		December 31,
	2024		2023
Costs capitalized to obtain revenue contracts – non-current (1)	$	3,059	$	2,587
Unbilled accounts receivable – non-current (2)		10,216		1,069
Contract assets – non-current (1)		611		933
Net investments in sales-type leases – non-current (3)		18,778		12,196
Other		4,596		2,433
Total other non-current assets	$	37,260	$	19,218

(1) See Note 2, Revenue from Contracts with Customers.

(2) See Note 3, Balance Sheet Components – Accounts Receivable.

(3) The Company had net investments in sales-type leases for its DFI™ system and CV® system assets. The following table summarizes the components of the Company’s net investments in sales-type leases in the accompanying condensed consolidated balance sheets (in thousands):

	September 30,		December 31,
	2024		2023
Lease receivables	$	16,455	$	9,460
Unguaranteed residual assets		7,525		4,717
Net investments in sales-type leases		23,980		14,177
Less: Current portion of lease receivables under prepaid expenses and other current assets		(5,202)		(1,981)
Net investments in sales-type leases – non-current	$	18,778	$	12,196

Schedule of Maturities of Lease Payments Under Sales-type Leases (in Thousands):

Year Ending December 31,	Amount
2024 (remaining three months)	$	1,541
2025		8,048
2026		7,672
2027		2,718
2028		68
Total future sales-type lease payments		20,047
Less: Present value adjustment (a)		(3,592)
Present value of lease receivables	$	16,455

(a) Calculated using the rate implicit in the lease determined for each lease.