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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 696,077 $ 45,098
Marketable securities 105,314 104,215
Accounts receivable, net 16,757 8,335
Inventory 29,567 24,095
Prepaid expenses and other current assets 6,725 4,064
Total current assets 854,440 185,807
Property and equipment, net 7,581 4,712
Other assets 2,880 5,773
Total assets 864,901 196,292
Current liabilities    
Accounts payable 11,465 6,337
Accrued expenses 34,122 28,742
Total current liabilities 45,587 35,079
Other liabilities 10,530 3,787
Total liabilities 56,117 38,866
Commitments and contingencies (Note 5)
Redeemable convertible preferred stock, $0.0001 par value; 0 and 91,131 shares authorized as of March 31, 2024 and December 31, 2023, respectively; 0 and 90,891 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; liquidation preference of $0 and $265,699 as of March 31, 2024 and December 31, 2023, respectively 0 255,127
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; $1,000,000 and $162,641 shares authorized as of March 31, 2024 and December 31, 2023, respectively; $155,471 and $42,046 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 16 4
Additional paid-in capital 1,027,197 27,411
Accumulated other comprehensive (loss) income (59) 259
Accumulated deficit (218,370) (125,375)
Total Stockholders’ Equity (Deficit) 808,784 (97,701)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 864,901 $ 196,292