Financial Statement Components (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

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

	December 31,
	2022		2021
Cash	$	27,496	$	303,373
Money market funds	42,056		25,654
Commercial paper	—		950
Total cash and cash equivalents	$	69,552	$	329,977

Schedule of Inventory

Inventory consisted of the following (in thousands):

	December 31,
	2022		2021
Raw materials	$	3,614	$	5,866
Work-in-process	2,329		1,171
Finished goods	2,849		3,305
Total inventory	$	8,792	$	10,342

Schedule of Prepaid Expenses and Other Current Assets

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

	December 31,
	2022		2021
Prepaid expenses	$	15,653	$	14,651
Contract assets	15,395		9,907
Advance payments to vendors	7,919		1,810
Other receivables	5,236		2,827
Total prepaid expenses and other current assets	$	44,203	$	29,195

Schedule of Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization, and are depreciated using the straight-line method over the estimated useful lives of the assets as follows:

Asset Category	Estimated useful lives
Machinery and equipment	1 to 7 years
Computer hardware and software	3 to 5 years
Demonstration fleet and demonstration units	2 to 5 years
Leasehold improvements	Shorter of useful life or lease term
Vehicles	5 years
Furniture and fixtures	7 years

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

	December 31,
	2022		2021
Machinery and equipment	$	14,047	$	7,694
Computer hardware and software	6,797		2,854
Land	1,001		—
Leasehold improvements	885		869
Vehicles, including demonstration fleet	3,222		2,421
Furniture and fixtures	818		272
Construction in progress	13,642		3,677
Total property and equipment	40,412		17,787
Accumulated depreciation and amortization	(10,152)		(6,778)
Total property and equipment, net	$	30,260	$	11,009

Schedule of Intangible Assets

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

	December 31,
	2022		2021
Beginning of the period	$	2,424	$	—
Additions	21,890		2,650
Amortization	(2,237)		(226)
End of the period	$	22,077	$	2,424

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

	December 31, 2022							December 31, 2021
	Gross Carrying  Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Period (Years)	Gross Carrying  Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Period (Years)
Customer relationships	$	3,730	$	(664)	$	3,066	4.4	$	780	$	(33)	$	747	9.6
Customer backlog	650		(292)		358		0.9	—		—		—		—
Tradename	620		(214)		406		3.3	120		(120)		—		—
Assembled workforce	130		(130)		—		—	—		—		—		—
Developed technology	11,910		(1,163)		10,747		7.5	1,750		(73)		1,677		9.6
IPR&D	7,500		—		7,500		—	—		—		—		—
Total intangible assets	$	24,540	$	(2,463)	$	22,077	6.6	$	2,650	$	(226)	$	2,424	9.6

Schedule of Future Amortization Expense

As of December 31, 2022, the expected future amortization expense for intangible assets was as follows (in thousands):

Period	Expected Future Amortization Expense
2023	$	2,730
2024	2,373
2025	2,373
2026	1,726
2027	1,510
Thereafter	3,865
IPR&D	7,500
Total	$	22,077

Schedule of Goodwill

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, 2021	$	687	$	2,423	$	3,110
Acquired goodwill related to Freedom Photonics in 2022	—		15,885		15,885
Purchase accounting adjustments	—		(179)		(179)
Balance as of December 31, 2022	$	687	$	18,129	$	18,816

Schedule of Other Noncurrent Assets

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

	December 31,
	2022		2021
Security deposits	$	5,495	$	1,187
Non-marketable equity investment	4,000		10,002
Advance payment for capital projects	27,683		—
Contract assets	2,575		—
Other non-current assets	591		1,266
Total other non-current assets	$	40,344	$	12,455

Schedule of Accrued and Other Current Liabilities

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

	December 31,
	2022		2021
Accrued compensation and benefits	$	16,682	$	9,899
Accrued expenses	22,358		6,727
Warranty reserves	3,584		1,798
Contract liabilities	1,993		898
Accrued interest payable	359		316
Contract losses	7,526		115
Other	460		91
Total accrued and other current liabilities	$	52,962	$	19,844