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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net Income (Loss) $ (45,525) $ (26,912)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 650 586
Provision for expected credit losses 0 44
Stock-based compensation expense 7,603 2,856
Provision for excess and obsolete inventory 189 (91)
Provision for net realizable value of inventory 158  
Change in fair value of warrant liabilities 12,450 7,809
Accretion of discount on short-term investments (1,709) (1,667)
Accretion of discount on long-term investments (21)  
Amortization of operating lease right-of-use asset 607 553
Loss on disposal of property and equipment   8
Changes in operating assets and liabilities:    
Accounts receivable 601 (4,556)
Inventories (4,350) (6,301)
Prepaid expenses and other current assets (3,605) (937)
Other long-term assets 6 5
Accounts payable 471 1,470
Accrued expenses and other current liabilities (2,550) 2,069
Other long-term liabilities 1,011  
Operating lease liability (567) (454)
Deferred revenue 1,012 1,137
Net cash used in operating activities (33,569) (24,381)
Cash flows from investing activities:    
Purchases of short-term investments (190,768) (20,193)
Purchases of long-term investments (31,069)  
Proceeds from maturities and redemptions of short-term investments 51,000 32,000
Proceeds on disposal of property and equipment   50
Purchases of property and equipment (2,112) (913)
Net cash (used in) provided by investing activities (172,949) 10,944
Cash flows from financing activities:    
Payments of deferred offering costs   (119)
Proceeds from the issuance of common stock, net of underwriting discounts, commissions and issuance costs 195,430  
Proceeds from the issuance of common stock from private placement, net of issuance costs 15,591  
Proceeds from stock option exercises 140 6
Proceeds from common stock warrants exercise   12
Net cash provided by financing activities 211,161 (101)
Net increase (decrease) in cash, cash equivalents and restricted cash 4,643 (13,538)
Cash, cash equivalents and restricted cash at beginning of period 30,532 26,667
Cash, cash equivalents and restricted cash at end of period 35,175 13,129
Supplemental disclosure of non-cash investing and financing information:    
Purchases of property and equipment included in accounts payable 101 956
Purchases of property and equipment in accrued expenses and other current liabilities 127  
Deferred offering costs included in accrued expenses   40
Unrealized gain (loss) on short-term investments (25) (158)
Unrealized gain (loss) on long-term investments (59)  
Reclassification of long-term investments to short-term investments 79,838  
Conversion of convertible preferred stock upon IPO 321,373  
Conversion of warrants net exercise upon IPO 57,348  
Reclassification of deferred offering costs to equity upon IPO 5,051  
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 35,075 13,029
Restricted cash 100 100
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 35,175 $ 13,129