Balance Sheet Components

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Cash, Cash Equivalents and Restricted Cash

As of June 30, 2022 and December 31, 2021, the restricted cash balance of $33.3 million primarily relates to contractual obligations under the SVB Loan and Security Agreement (see Note 7) and collateral for building leases in San Jose, CA and Tijuana Mexico.

The following table provides a reconciliation of cash, cash equivalents and restricted cash that sum to the total of the amounts shown in the accompanying condensed statements of cash flows (in thousands):

	June 30,
	2022		2021
Cash and cash equivalents	$	75,497	$	274,274
Restricted cash		33,311		33,311
Total cash, cash equivalents and restricted cash	$	108,808	$	307,585

Inventories

Inventories consist of the following (in thousands):

	June 30,		December 31,
	2022		2021
Raw materials	$	20,731	$	18,114
Work in process		9,434		6,054
Finished goods		23,524		15,017
Total inventories	$	53,689	$	39,185

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in thousands):

	June 30,		December 31,
	2022		2021
Accrued inventory	$	9,904	$	4,808
Accrued research and development expenses		1,113		574
Accrued professional services		1,745		1,269
Accrued rebate		3,737		3,121
Other		6,762		4,017
Total accrued expenses and other current liabilities	$	23,261	$	13,789