XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 39,559 $ 124,014
Short-term investments 144,531 34,671
Accounts receivable, net 34,891 35,619
Inventories 52,249 59,387
Prepaid expenses and other current assets 4,348 4,530
Total current assets 275,578 258,221
Restricted cash 3,329 3,329
Property and equipment, net 6,166 8,133
Operating lease right-of-use assets 3,168 3,940
Other assets 560 2,172
Total assets 288,801 275,795
Current liabilities:    
Accounts payable 1,445 3,862
Accrued compensation and related benefits 9,789 16,821
Accrued expenses and other current liabilities 8,518 8,205
Accrued warranty liability 1,239 1,938
Deferred revenue, current 14,009 12,753
Operating lease liabilities, current 1,909 1,799
Total current liabilities 36,909 45,378
Accrued interest 0 2,695
Deferred revenue 587 844
Operating lease liabilities 1,707 2,684
Term loan 94,814 197,375
Total liabilities 134,017 248,976
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, 2025 and December 31, 2024, respectively 3,841 0
Common stock, $0.001 par value; 300,000 shares authorized as of June 30,2025 and December 31, 2024; 17,766 and 3,530 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 18 4
Additional paid-in capital 1,284,923 1,116,496
Accumulated other comprehensive loss 49 42
Accumulated deficit (1,134,047) (1,089,723)
Total stockholders' equity 154,784 26,819
Total liabilities and stockholders' equity $ 288,801 $ 275,795