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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 57,614 $ 143,612
Accounts receivable, net of allowance for credit losses of $19,251 and $9,878, respectively 33,150 43,121
Inventories 56,908 62,600
Other current assets and prepaid expenses 12,842 19,852
Total current assets 160,514 269,185
Long-term inventories 28,664 16,283
Property and equipment, net 23,521 37,275
Deferred tax assets 590 579
Restricted cash 1,363 0
Goodwill 1,339 1,339
Operating lease right-of-use assets, net 10,593 10,055
Other long-term assets 7,834 11,575
Total assets 234,418 346,291
Current liabilities:    
Accounts payable 7,949 19,829
Accrued liabilities 35,972 55,055
Operating lease liabilities 3,386 2,441
Deferred revenue 8,382 10,422
Total current liabilities 55,689 87,747
Deferred revenue, net of current portion 1,689 1,494
Operating lease liabilities, net of current portion 8,397 8,887
Convertible notes, net of unamortized debt issuance costs of $8,703 and $10,430, respectively 420,422 418,695
Other long-term liabilities 1,095 1,298
Total liabilities 487,292 518,121
Commitments and Contingencies (Note 12)
Stockholders’ deficit:    
Common stock, $0.001 par value; authorized: 50,000,000 shares; issued and outstanding: 20,177,717 and 19,960,622 shares at September 30, 2024 and December 31, 2023, respectively 20 20
Additional paid-in capital 136,929 131,496
Accumulated deficit (389,823) (303,346)
Total stockholders’ deficit (252,874) (171,830)
Total liabilities and stockholders’ deficit $ 234,418 $ 346,291