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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 251,767 $ 294,972
Short-term investments 25,717 19,898
Accounts receivable, net 12,110 6,468
Inventories 24,554 18,384
Prepaid expenses and other current assets 7,578 6,189
Total current assets 321,726 345,911
Restricted cash 33,311 33,311
Property and equipment, net 15,548 14,998
Operating lease right-of-use assets 8,004 8,253
Other assets 1,240 1,356
Total assets 379,829 403,829
Current liabilities:    
Accounts payable 6,651 4,948
Accrued compensation and related benefits 12,602 16,845
Accrued expenses and other current liabilities 8,183 7,903
Accrued warranty liability 2,860 2,913
Deferred revenue, current 3,540 3,201
Operating lease liabilities, current 984 882
Total current liabilities 34,820 36,692
Accrued interest, noncurrent 359 240
Deferred revenue, noncurrent 536 570
Operating lease liabilities, noncurrent 7,773 8,044
Term loan, noncurrent 29,696 29,674
Total liabilities 73,184 75,220
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, 2021 and December 31, 2020
Common stock, $0.001 par value; 300,000 shares authorized as of March 31, 2021 and December 31, 2020; 42,888 and 42,722 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 43 43
Additional paid-in capital 830,694 822,624
Accumulated other comprehensive (loss) income (8) 1
Accumulated deficit (524,084) (494,059)
Total stockholders' equity 306,645 328,609
Total liabilities and stockholders' equity $ 379,829 $ 403,829