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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 36,386 $ 73,222
Short-term investments 212,827 214,280
Accounts receivable, net 34,314 28,070
Inventories 47,733 51,476
Prepaid expenses and other current assets 6,015 6,597
Total current assets 337,275 373,645
Restricted cash 3,311 3,311
Property and equipment, net 15,189 15,876
Operating lease right-of-use assets 5,823 6,117
Other assets 1,067 1,166
Total assets 362,665 400,115
Current liabilities:    
Accounts payable 1,988 603
Accrued compensation and related benefits 14,419 21,519
Accrued expenses and other current liabilities 13,893 16,227
Accrued warranty liability 3,569 3,620
Deferred revenue, current 9,038 8,662
Operating lease liabilities, current 1,361 1,318
Total current liabilities 44,268 51,949
Accrued interest 295 113
Deferred revenue 116 151
Operating lease liabilities 5,220 5,576
Term loan 96,480 96,336
Total liabilities 146,379 154,125
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized, and no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 300,000 shares authorized as of March 31, 2023 and December 31, 2022; 49,216 and 48,465 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 49 48
Additional paid-in capital 1,049,271 1,035,456
Accumulated other comprehensive loss (113) (564)
Accumulated deficit (832,921) (788,950)
Total stockholders' equity 216,286 245,990
Total liabilities and stockholders' equity $ 362,665 $ 400,115