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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 40,753 $ 32,499
Short-term investments 195,657 283,725
Other receivables 1,853 1,326
Inventory 7,436 4,491
Prepaid expenses and other current assets 3,248 3,082
Total current assets 253,323 330,513
Long-term investments 63,103 56,858
Operating lease right-of-use assets 22,791 25,177
Property and equipment, net 18,575 22,193
Restricted cash 524 524
Other assets 8,281 1,004
Total assets 366,597 436,269
Current liabilities:    
Accounts payable 4,621 1,370
Accrued expenses 7,937 9,212
Deferred revenue 408 206
Operating lease liabilities, current 2,312 2,295
Other current liabilities 50 139
Total current liabilities 15,328 13,222
Operating lease liabilities, net of current portion 23,652 25,964
Other noncurrent liabilities 48 179
Total liabilities 39,028 39,365
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of December 31, 2024 and 2023; zero shares issued and outstanding as of December 31, 2024 and 2023 0 0
Additional paid-in capital 719,804 702,868
Accumulated other comprehensive gain (loss) 136 (192)
Accumulated deficit (392,372) (305,773)
Total stockholders’ equity 327,569 396,904
Total liabilities and stockholders’ equity 366,597 436,269
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock 0 0
Nonrelated Party    
Current assets:    
Accounts receivable, net 3,997 4,831
Related Party    
Current assets:    
Accounts receivable, net $ 379 $ 559