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Balance Sheets Components (Tables)
6 Months Ended
Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:

 

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Accounts receivable, gross

 

$

38,774

 

 

$

38,426

 

Allowance for credit losses

 

 

(50

)

 

 

(50

)

Accounts receivable, net

 

$

38,724

 

 

$

38,376

 

 

Schedule of Inventory

Inventories consisted of the following:

 

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Raw materials

 

$

3,779

 

 

$

1,841

 

Work in progress

 

 

23,854

 

 

 

16,963

 

Finished goods

 

 

6,750

 

 

 

4,826

 

Total inventories

 

$

34,383

 

 

$

23,630

 

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

 

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Prepaid expenses

 

$

3,923

 

 

$

2,398

 

Other current assets

 

 

3,458

 

 

 

2,078

 

Total prepaid expenses and other current assets

 

$

7,381

 

 

$

4,476

 

Schedule of Property and Equipment Net

Property and equipment, net consisted of the following:

 

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Lab and manufacturing equipment

 

$

59,925

 

 

$

44,283

 

Computer equipment

 

 

2,392

 

 

 

1,977

 

Furniture and fixtures

 

 

463

 

 

 

433

 

Construction in progress

 

 

8,645

 

 

 

7,100

 

Leasehold improvements

 

 

5,956

 

 

 

5,211

 

 

 

 

77,381

 

 

 

59,004

 

Accumulated depreciation

 

 

(25,461

)

 

 

(21,102

)

Total property and equipment, net

 

$

51,920

 

 

$

37,902

 

Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following:

 

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

 

 

Gross Assets

 

 

Accumulated Amortization

 

 

Net Assets

 

 

Gross Assets

 

 

Accumulated Amortization

 

 

Net Assets

 

Internal use software

 

$

9,434

 

 

$

(8,633

)

 

$

801

 

 

$

9,434

 

 

$

(8,633

)

 

$

801

 

Purchased intangibles

 

 

10,749

 

 

 

(7,247

)

 

 

3,502

 

 

 

11,703

 

 

 

(6,527

)

 

 

5,176

 

Intangible assets

 

$

20,183

 

 

$

(15,880

)

 

$

4,303

 

 

$

21,137

 

 

$

(15,160

)

 

$

5,977

 

Schedule of Future Amortization Expense for Intangible Assets The estimated aggregate future amortization expense for intangible assets in development stage and subject to amortization as of June 30, 2022 is summarized as below:

 

 

 

(in thousands)

 

2022 (remainder)

 

$

947

 

2023

 

 

1,876

 

2024

 

 

1,182

 

2025

 

 

228

 

2026 and beyond

 

 

70

 

 

 

$

4,303

 

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

(in thousands)

 

Accrued payroll and related benefits

 

$

5,990

 

 

$

7,237

 

Revenue reserves

 

 

2,450

 

 

 

2,194

 

Deferred non-recurring engineering services

 

 

3,409

 

 

 

5,666

 

Short term lease liability

 

 

2,205

 

 

 

1,336

 

Accrued customer rebates

 

 

2,654

 

 

 

3,107

 

Other accrued expenses

 

 

5,290

 

 

 

4,742

 

Total accrued expenses and other current liabilities

 

$

21,998

 

 

$

24,282