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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 26,761 $ 19,264
Restricted cash, current 502 503
Short-term investments 39,569 54,194
Financial assets:    
Accounts receivable 12,271 11,920
Contract assets 1,279 4,375
Unbilled receivables 2,982 2,751
Total financial assets 16,532 19,046
Less: allowances (49) (162)
Total financial assets, net 16,483 18,884
Inventories 1,945 1,799
Prepaid expenses and other current assets 3,469 4,128
Total current assets 88,729 98,772
Restricted cash 1,062 1,062
Investment in non-marketable equity securities 2,798 2,798
Right-of-use assets - Operating leases, net 27,260 28,700
Property and equipment, net 14,984 14,197
Goodwill 2,463 2,463
Other non-current assets 950 1,019
Total assets 138,246 149,011
Current liabilities:    
Accounts payable 1,468 2,838
Accrued compensation 7,262 11,410
Other accrued liabilities 3,406 6,223
Current portion of lease obligations - Operating leases 3,001 2,827
Deferred revenue 100 350
Total current liabilities 15,237 23,648
Deferred revenue, net of current portion 100 100
Long-term lease obligations - Operating leases 26,606 28,163
Long-term debt 39,373 28,905
Other long-term liabilities 1,299 1,268
Total liabilities 82,615 82,084
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value per share; 200,000 shares authorized; 90,254 shares and 81,850 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 9 8
Additional paid-in capital 652,391 629,673
Accumulated other comprehensive income (3) 52
Accumulated deficit (596,766) (562,806)
Total stockholders' equity 55,631 66,927
Total liabilities and stockholders' equity $ 138,246 $ 149,011