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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 83,115 $ 143,612
Accounts receivable, net of allowance for credit losses of $14,811 and $9,878, respectively 34,554 43,121
Inventories 80,353 62,600
Other current assets and prepaid expenses 12,961 19,852
Total current assets 210,983 269,185
Long-term inventories 13,825 16,283
Property and equipment, net 28,140 37,275
Deferred tax assets 508 579
Restricted cash 1,196 0
Goodwill 1,339 1,339
Operating lease right-of-use assets, net 11,388 10,055
Other long-term assets 8,916 11,575
Total assets 276,295 346,291
Current liabilities:    
Accounts payable 17,617 19,829
Accrued liabilities 30,356 55,055
Operating lease liabilities 3,382 2,441
Deferred revenue 8,798 10,422
Total current liabilities 60,153 87,747
Deferred revenue, net of current portion 1,507 1,494
Operating lease liabilities, net of current portion 9,223 8,887
Convertible notes, net of unamortized debt issuance costs of $9,284 and $10,430, respectively 419,841 418,695
Other long-term liabilities 1,242 1,298
Total liabilities 491,966 518,121
Commitments and Contingencies (Note 12)
Stockholders’ deficit:    
Common stock, $0.001 par value; authorized: 50,000,000 shares; issued and outstanding: 20,108,406 and 19,960,622 shares at June 30, 2024 and December 31, 2023, respectively 20 20
Additional paid-in capital 135,114 131,496
Accumulated deficit (350,805) (303,346)
Total stockholders’ deficit (215,671) (171,830)
Total liabilities and stockholders’ deficit $ 276,295 $ 346,291