Financial Statement Components (Tables)

12 Months Ended

Dec. 31, 2025

Financial Statement Components [Abstract]

Schedule of Cash and Cash Equivalents

Cash and cash equivalents consisted of the following (in thousands):

	December 31,
	2025		2024
Cash	$	12,123	$	48,825
Money market funds		8,136		17,730
U.S. treasury securities		—		5,519
Commercial paper		—		9,967
Corporate bonds		—		799
Total cash and cash equivalents	$	20,259	$	82,840

Schedule of Inventory

Inventory consisted of the following (in thousands):

	December 31,
	2025		2024
Raw materials	$	4,278	$	6,932
Work-in-process		532		3,917
Finished goods		1,846		4,059
Total inventory	$	6,656	$	14,908

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

	December 31,
	2025		2024
Prepaid expenses	$	11,387	$	8,321
Contract assets		3,535		16,199
Advance payments to vendors		255		274
Other receivables		4,886		6,704
Total prepaid expenses and other current assets	$	20,063	$	31,498

Schedule of Property and Equipment

Property and equipment consisted of the following (in thousands):

	December 31,
	2025			2024
Machinery and equipment	$	63,684		$	62,982
Computer hardware and software		8,497			8,404
Land		1,001			1,001
Leasehold improvements		22,592			22,620
Vehicles, including demonstration fleet		2,177			2,139
Furniture and fixtures		377			398
Construction in progress		1,027			887
Total property and equipment		99,355			98,431
Impairment		(5,976	)		—
Accumulated depreciation and amortization		(58,429	)		(46,150	)
Total property and equipment, net	$	34,950		$	52,281

Schedule of Intangible Assets

The following table summarizes the activity in the Company’s intangible assets (in thousands):

	December 31,
	2025			2024
Beginning of the period	$	15,556		$	22,994
Additions		—			—
Amortization		(4,064	)		(4,188	)
Impairment (1)		(1,475	)		(3,250	)
End of the period	$	10,017		$	15,556

The components of intangible assets were as follows (in thousands):

	December 31, 2025												December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Impairment (1)			Net Carrying Amount		Weighted Average Remaining Period (Years)		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount		Weighted Average Remaining Period (Years)
Customer relationships	$	3,730	$	(3,091	)	$	(455	)	$	184		0.3	$	3,730	$	(2,295	)	$	—		$	1,435		3.2
Customer backlog		650		(650	)		—			—		—		650		(650	)		—			—		—
Tradename		620		(589	)		—			31		0.3		620		(464	)		—			156		1.3
Assembled workforce		130		(130	)		—			—		—		130		(130	)		—			—		—
Developed technology		21,400		(10,577	)		(1,021	)		9,802		3.9		21,400		(7,435	)		—			13,965		4.9
IPR&D		6,250		—			(6,250	)		—		—		6,250		—			(6,250	)		—		—
Total intangible assets	$	32,780	$	(15,037	)	$	(7,726	)	$	10,017		3.8	$	32,780	$	(10,974	)	$	(6,250	)	$	15,556		4.7

(1) See below for discussions related to impairment charges.

Schedule of Future Amortization Expense for Intangible Assets

As of December 31, 2025, the expected future amortization expense for intangible assets was as follows (in thousands):

Period	Expected Future Amortization Expense
2026	$	3,226
2027		3,010
2028		1,518
2029		1,382
2030		568
Thereafter		313
Total	$	10,017

Schedule of Goodwill Allocated to Reportable Segments

The carrying amount of goodwill allocated to the Company’s reportable segments was as follows (in thousands):

	Autonomy Solutions		ATS			Total
Balance as of December 31, 2023	$	1,750	$	5,640		$	7,390
Impairment of goodwill related to Freedom Photonics		—		(3,396	)		(3,396	)
Balance as of December 31, 2024	$	1,750	$	2,244		$	3,994
Impairment of goodwill related to Optogration		—		(2,244	)		(2,244	)
Balance as of December 31, 2025	$	1,750	$	—		$	1,750

Schedule of Other Noncurrent Assets

Other non-current assets consisted of the following (in thousands):

	December 31,
	2025		2024
Security deposits	$	1,334	$	2,285
Non-marketable equity investment (see Note 7 for additional information)		10,000		10,000
Prepaid expenses non-current		1,904		3,587
Other non-current assets		337		804
Total other non-current assets	$	13,575	$	16,676

Schedule of Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following (in thousands):

	December 31,
	2025		2024
Accrued compensation and benefits	$	3,656	$	10,284
Accrued expenses		1,336		10,334
Warranty reserves		4,919		850
Contract liabilities		1,817		1,918
Accrued interest payable and other liabilities		7,702		8,181
Total accrued and other current liabilities	$	19,430	$	31,567