Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income (loss)	$ 73,016	$ (18,289)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Share-based compensation expense	1,680	3,589
Gain on sale of business	(87,443)	0
Discount amortization on short-term investments	19	(422)
Non-cash interest expense	0	58
Non-cash lease expense	74	115
Depreciation expense	57	50
Changes in operating assets and liabilities:
Accounts receivable	(1,000)	555
Inventory	170	490
Prepaid expenses and other current assets	765	953
Other non-current assets	114	138
Operating lease liabilities	(89)	(126)
Accounts payable and accrued liabilities	975	(6,764)
Other liabilities	(202)	0
Net cash used in operating activities	(11,864)	(19,653)
Cash flows from investing activities:
Proceeds from sale of business, net cash, cash equivalents, and restricted cash	101,356	0
Purchases of property and equipment	(551)	(739)
Purchase of short-term investments	0	(7,646)
Maturity of short-term investments	14,693	18,940
Net cash provided by investing activities	115,498	10,555
Cash flows from financing activities:
Proceeds from sale of common stock and prefunded warrants in PIPE financing	100,002	0
Issuance of common stock upon exercise of stock options	21	0
Payment of PIPE financing related transaction costs	(4,822)	0
Deferred offering costs paid for financing	0	(10)
Net cash provided by (used in) financing activities	95,201	(10)
Net decrease in cash, cash equivalents and restricted cash	198,835	(9,108)
Cash, cash equivalents and restricted cash at beginning of period	28,734	62,952
Cash, cash equivalents and restricted cash, end of period	227,569	53,844
Supplemental disclosure of cash flow information:
Interest paid during the period	0	58
Supplemental disclosure of non-cash activities:
Costs incurred in connection with Private Placement included in accounts payable	632	0
Deferred transaction costs included in accounts payable and accrued liabilities	167	0
Accrued property and equipment	$ 0	$ 540