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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 72,077 $ 75,435
Accounts receivable, net 45,146 43,476
Inventories 95,033 85,266
Prepaid expenses and other current assets 8,657 9,741
Total current assets 220,913 213,918
Operating lease right-of-use asset 13,946 17,239
Property and equipment, net 10,035 11,394
Goodwill 2,230 2,230
Intangible assets, net 199 235
Other assets 1,705 2,377
Total assets 249,028 247,393
Current liabilities    
Accounts payable 21,171 22,807
Accrued expenses 31,092 35,869
Deferred revenue 995 1,213
Total current liabilities 53,258 59,889
Long term liabilities    
Operating lease liabilities, net of current portion 8,742 13,197
Total liabilities 62,000 73,086
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at June 30, 2025 and December 31, 2024, none issued or outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at June 30, 2025 and December 31, 2024; 111,600,237 and 109,159,697 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 11 11
Additional paid-in capital 665,085 659,488
Accumulated deficit (478,068) (485,192)
Total stockholders’ equity 187,028 174,307
Total liabilities and stockholders’ equity $ 249,028 $ 247,393