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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 12,982 $ 19,473
Marketable securities, short-term 110,216 61,779
Accounts receivable, net of allowance for doubtful accounts of $980 and $735 as of December 31, 2023 and 2022, respectively 38,063 29,196
Inventories 29,245 19,330
Prepaid expenses and other current assets 7,853 3,624
Total current assets 198,359 133,402
Property and equipment, net 22,298 15,338
Intangible assets, net of accumulated amortization of $475 and $0 as of December 31, 2023 and December 31, 2022, respectively 9,025 0
Goodwill 12,815 0
Operating lease right-of-use assets 9,264 10,138
Other non-current assets 146 146
Total assets 251,907 159,024
Current liabilities    
Accounts payable 11,835 8,668
Accrued liabilities 10,458 6,216
Accrued commissions 10,759 7,356
Accrued compensation 7,549 7,666
Other liabilities 4,432 339
Total current liabilities 45,033 30,245
Long-term debt, net of discount of $992 and $1,289 as of December 31, 2023 and 2022, respectively 53,008 52,711
Operating lease liabilities, net of current portion 15,891 15,539
Other long-term liabilities 37 0
Total liabilities 113,969 98,495
Stockholders’ equity    
Preferred stock, $0.001 par value, 5,000,000 shares authorized as of December 31,2023 and December 31, 2022; 0 shares issued and outstanding as of December 31,2023 and December 31, 2022 0 0
Common stock, $0.001 par value, 300,000,000 shares authorized; 61,749,654 issued and outstanding as of December 31, 2023; 300,000,000 shares authorized; 55,628,208 issued and outstanding as of December 31, 2022 62 55
Additional paid-in capital 271,973 145,221
Accumulated deficit (134,247) (84,720)
Accumulated other comprehensive (loss) incom 163 (27)
Treasury stock, at cost; 1,218 and 0 shares as of December 31, 2023 and December 31, 2022 (13) 0
Total stockholders’ equity 137,938 60,529
Total liabilities and stockholders’ equity $ 251,907 $ 159,024