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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 37,859 $ 68,509
Short-term investments 156,989 134,815
Accounts receivable, net 34,121 32,980
Inventories 61,599 49,215
Prepaid expenses and other current assets 4,569 5,700
Total current assets 295,137 291,219
Restricted cash 3,329 3,329
Property and equipment, net 10,873 13,273
Operating lease right-of-use assets 4,675 5,375
Other assets 520 605
Total assets 314,534 313,801
Current liabilities:    
Accounts payable 5,255 5,827
Accrued compensation and related benefits 11,431 19,005
Accrued expenses and other current liabilities 9,747 13,459
Accrued warranty liability 2,199 3,712
Deferred revenue, current 13,108 11,727
Operating lease liabilities, current 1,693 1,593
Total current liabilities 43,433 55,323
Accrued interest 1,762 896
Deferred revenue 130 101
Operating lease liabilities 3,616 4,482
Term loan 196,994 130,113
Total liabilities 245,935 190,915
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 June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 300,000 shares authorized as of June 30, 2024 and December 31, 2023; 52,084 and 50,317 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 52 50
Additional paid-in capital 1,104,994 1,084,515
Accumulated other comprehensive loss (302) 68
Accumulated deficit (1,036,145) (961,747)
Total stockholders' equity 68,599 122,886
Total liabilities and stockholders' equity $ 314,534 $ 313,801