Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of property, plant, and equipment

Property, plant and equipment are carried at cost less accumulated depreciation and are depreciated using the straight-line method over the following estimated useful lives:

Leasehold improvements	Shorter of lease term or estimated useful life
Furniture and fixtures	3 years
Manufacturing equipment	5 to 10 years
Research and development equipment	5 to 10 years
Software and computer equipment	3 years
Vehicles	5 years

A summary of property, plant, and equipment as of December 31, 2019 and 2018, is as follows:

	December 31,
(in thousands)	2019		2018
Manufacturing equipment	$	37,939	$	25,314
Research and development equipment	8,933		6,088
Leasehold improvements	7,620		7,080
Capital leases	1,108		882
Software	274		60
Furniture and fixtures	433		195
Vehicles	210		210
Assets not yet placed in service	11,666		3,374
Total property, plant and equipment	$	68,183	$	43,203
Less: accumulated depreciation and amortization	20,709		12,676
Property, plant and equipment, net	$	47,474	$	30,527

Schedule of financial instruments measured at fair value

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis based on the fair value hierarchy as of December 31, 2018:

	December 31, 2018
(in thousands)	Level 1		Level 2		Level 3		Total
Financial Liabilities:
Preferred stock warrant liability	$	—	$	—	$	1,441	$	1,441
Common stock warrant liability	—		—		477		477
Total	$	—	$	—	$	1,918	$	1,918

Schedule of fair value valuation

The key assumptions used in the Black-Scholes option-pricing model for the valuation of the preferred stock warrant liability upon re-measurement were as follows:

	For the Year Ended December 31,
	2018	2017
Expected term (in years)	2.0	3.0
Fair value of underlying shares	$19.02	$3.00
Volatility	55.0%	55.0%
Risk-free interest rate	2.48%	1.98%
Dividend yield	—	—

Schedule of changes in fair value

The following table sets forth a summary of the changes in the fair value of the preferred and common stock warrant liabilities:

	Year Ended December 31,
(in thousands)	2019			2018		2017
Beginning balance	$	1,918		$	550	$	165
Fair value of warrants issued during the period	—			248		—
Change in fair value of warrant liability	12,503			1,120		385
Reclassification of warrant liability to additional paid-in capital in connection with the IPO	(14,421		)	—		—
Ending balance	$	—		$	1,918	$	550

Schedule of net revenues by platform and channel

The Company’s net revenues by platform and channel are included in the tables below:

	Year Ended December 31,
(in thousands)	2019			2018			2017
Net revenues:
Gross Fresh Platform	$	306,585		$	81,686		$	18,109
Gross Frozen Platform	17,772			15,896			19,588
Less: Discounts	(26,460		)	(9,648		)	(5,116		)
Net revenues	$	297,897		$	87,934		$	32,581

	Year Ended December 31,
(in thousands)	2019		2018		2017
Net revenues:
Retail	$	144,809	$	50,779	$	25,490
Restaurant and Foodservice	153,088		37,155		7,091
Net revenues	$	297,897	$	87,934	$	32,581