XML 48 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
Nature of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Revenue Disaggregated
The following table presents revenue disaggregated by type (in thousands):
Years Ended December 31,
202420232022
Product sales$393,115 $111,889 $78,234 
Engineering services3,175 3,905 1,638 
Total revenue$396,290 $115,794 $79,872 
Schedule of Estimated Useful Lives of Property and Equipment The estimated useful lives of the Company’s property and equipment are as follows:
Asset CategoryEstimated Useful Life
Production mask costs5 years
Office furniture5 years
Laboratory equipment3 years
Servers and workstations3 years
Leasehold improvementsLesser of asset useful life or remaining lease term
Property and equipment, net consists of the following (in thousands):
As of December 31,

20242023
Construction in progress$29,064 $— 
Laboratory equipment10,467 6,470 
Office furniture353 242 
Leasehold improvements1,159 437 
Servers and workstations441 242 
Property and equipment, gross41,484 7,391 
Less: accumulated depreciation(5,833)(2,679)
Total property and equipment, net$35,651 $4,712 
Schedules of Concentration of Risk, by Risk Factor The Company had the following customers that individually comprised 10% or more of its revenue:
Years Ended December 31,
202420232022
Customer A
36 %24 %*
Customer B
24 %37 %82 %
Customer C
11 %**
Customer D
*18 %*
Customer E
**14 %
*Less than 10% of total revenue
The Company had the following customers that individually comprised 10% or more of its accounts receivable, net:
As of
December 31, 2024December 31, 2023
Customer A
24 %39 %
Customer B
13 %27 %
Customer C
22 %*
Customer F
31 %*
*Less than 10% of total accounts receivable, net