Inventory

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory consists of the following (in thousands):

	As of June 30, 2021		As of December 31, 2020
Raw materials	$	12,290	$	8,967
Finished goods	1,212		1,731
Inventory	$	13,502	$	10,698

During the six months ended June 30, 2021, the Company recorded a reserve for excess inventories of $15.1 million, which is included within cost of royalty and other revenue within the condensed consolidated statements of operations.