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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 143,612 $ 145,924
Marketable investments 0 171,390
Accounts receivable, net of allowance for credit losses of $9,878 and $2,497, respectively 43,121 45,562
Inventories 62,600 63,628
Other current assets and prepaid expenses 19,852 24,036
Restricted cash 0 700
Total current assets 269,185 451,240
Long-term inventories 16,283 0
Property and equipment, net 37,275 40,368
Deferred tax assets 579 590
Operating lease right-of-use assets 10,055 12,831
Goodwill 1,339 1,339
Other long-term assets 11,575 14,620
Total assets 346,291 520,988
Current liabilities:    
Accounts payable 19,829 33,736
Accrued liabilities 55,055 57,452
Operating lease liabilities 2,441 2,810
Deferred revenue 10,422 11,841
Total current liabilities 87,747 105,839
Deferred revenue, net of current portion 1,494 1,657
Operating lease liabilities, net of current portion 8,887 11,352
Convertible notes, net of unamortized debt issuance costs of $10,430 and $12,666, respectively 418,695 416,459
Other long-term liabilities 1,298 862
Total liabilities 518,121 536,169
Commitments and contingencies (Note 13).
Stockholders’ deficit:    
Common stock, $0.001 par value: Authorized: 50,000,000 shares; Issued and outstanding: 19,960,622 and 19,668,603 shares at December 31, 2023 and 2022, respectively 20 20
Additional paid-in capital 131,496 125,406
Accumulated other comprehensive loss 0 (94)
Accumulated deficit (303,346) (140,513)
Total stockholders’ deficit (171,830) (15,181)
Total liabilities and stockholders’ deficit $ 346,291 $ 520,988