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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 18,181 $ 12,982
Marketable securities, short-term 76,865 110,216
Accounts receivable, net of allowance for credit losses of $978 and $980 as of June 30, 2024 and December 31, 2023, respectively 25,559 38,063
Inventories 41,279 29,245
Prepaid expenses and other current assets 9,668 7,853
Total current assets 171,552 198,359
Property and equipment, net 24,245 22,298
Intangible assets, net of accumulated amortization of $950 and $475 as of June 30, 2024 and December 31, 2023, respectively 8,550 9,025
Goodwill 12,815 12,815
Operating lease right-of-use assets 8,775 9,264
Other non-current assets 146 146
Total assets 226,083 251,907
Current liabilities    
Accounts payable 18,073 11,835
Accrued liabilities 13,730 10,458
Accrued commissions 5,931 10,759
Accrued compensation 6,192 7,549
Other liabilities 520 4,432
Total current liabilities 44,446 45,033
Long-term debt, net of discount of $843 and $992 as of June 30, 2024 and December 31, 2023, respectively 53,157 53,008
Operating lease liabilities, net of current portion 16,302 15,891
Other long-term liabilities 37 37
Total liabilities 113,942 113,969
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.001 par value, 5,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 300,000,000 shares authorized; 62,194,845 and 61,749,654 issued, and 62,175,241 and 61,749,654 outstanding as of June 30, 2024 and December 31, 2023, respectively 62 62
Additional paid-in capital 286,484 271,973
Accumulated deficit (174,129) (134,247)
Accumulated other comprehensive (loss) income (26) 163
Treasury stock, at cost; 19,604 and 1,218 shares as of June 30, 2024 and December 31, 2023, respectively (250) (13)
Total stockholders’ equity 112,141 137,938
Total liabilities and stockholders’ equity $ 226,083 $ 251,907