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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (59,965) $ (41,199)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 19,050 6,303
Depreciation of property and equipment 619 522
Loss on disposal of equipment 0 4
Amortization of deferred financing costs and loan discount 203 154
Changes in operating assets and liabilities:    
Accounts receivable (1,717) (2,047)
Inventory (1,124) (4,026)
Prepaid expenses and other current assets 531 1,273
Accounts payable 698 165
Accrued expenses 2,561 (170)
Net cash used in operating activities (39,144) (39,021)
Cash flows from investing activities:    
Purchase of property and equipment (1,361) (591)
Net cash used in investing activities (1,361) (591)
Cash flows from financing activities:    
Proceeds from the exercise of common stock options 2,698 728
Proceeds from Employee Stock Purchase Plan 803 935
Proceeds from the issuance of common stock 32,521 0
Proceeds from debt financing 20,000 22,500
Debt financing costs (152) (179)
Net cash provided by financing activities 55,870 23,984
Effect of currency exchange on cash and cash equivalents (1) 3
Net change in cash and cash equivalents 15,364 (15,625)
Cash and cash equivalents at beginning of year 90,569 106,194
Cash and cash equivalents at end of period 105,933 90,569
Supplemental Information:    
Cash paid for interest 3,614 1,396
Cash paid for income taxes $ 0 $ 4