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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 71,453 $ 75,435
Accounts receivable, net 43,253 43,476
Inventories 93,853 85,266
Prepaid expenses and other current assets 7,599 9,741
Total current assets 216,158 213,918
Operating lease right-of-use asset 12,281 17,239
Property and equipment, net 9,331 11,394
Goodwill 2,230 2,230
Intangible assets, net 181 235
Other assets 1,358 2,377
Total assets 241,539 247,393
Current liabilities    
Accounts payable 17,717 22,807
Accrued expenses 26,231 35,869
Deferred revenue 925 1,213
Total current liabilities 44,873 59,889
Long term liabilities    
Operating lease liabilities, net of current portion 6,481 13,197
Total liabilities 51,354 73,086
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at September 30, 2025 and December 31, 2024, none issued or outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at September 30, 2025 and December 31, 2024; 112,123,757 and 109,159,697 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 11 11
Additional paid-in capital 667,484 659,488
Accumulated deficit (477,310) (485,192)
Total stockholders’ equity 190,185 174,307
Total liabilities and stockholders’ equity $ 241,539 $ 247,393