Financial Statement Components (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022
Cash	$	35,659	$	27,496
Money market funds	101,842		42,056
Commercial paper	497		—
Corporate bonds	1,097		—
Total cash and cash equivalents	$	139,095	$	69,552

Schedule of Inventory

Inventory consisted of the following (in thousands):

	December 31,
	2023		2022
Raw materials	$	5,614	$	3,614
Work-in-process	2,521		2,329
Finished goods	4,061		2,849
Total inventory	$	12,196	$	8,792

Schedule of Prepaid Expenses and Other Current Assets

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

	December 31,
	2023		2022
Prepaid expenses	$	12,434	$	15,653
Contract assets	14,132		15,395
Advance payments to vendors	3,038		7,919
Other receivables	3,346		5,236
Total prepaid expenses and other current assets	$	32,950	$	44,203

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,
	2023		2022
Machinery and equipment	$	58,815	$	14,047
Computer hardware and software	7,025		6,797
Land	1,001		1,001
Leasehold improvements	22,531		885
Vehicles, including demonstration fleet	2,207		3,222
Furniture and fixtures	900		818
Construction in progress	2,256		13,642
Total property and equipment	94,735		40,412
Accumulated depreciation and amortization	(28,435)		(10,152)
Total property and equipment, net	$	66,300	$	30,260

Schedule of Intangible Assets

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

	December 31,
	2023		2022
Beginning of the period	$	22,077	$	2,424
Additions	8,240		21,890
Amortization	(4,323)		(2,237)
Impairment(1)	(3,000)		—
End of the period	$	22,994	$	22,077

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

	December 31, 2023									December 31, 2022
	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	$	(1,479)	$	—	$	2,251	3.7	$	3,730	$	(664)	$	—	$	3,066	4.4
Customer backlog	650		(650)		—		—		—	650		(292)		—		358		0.9
Tradename	620		(339)		—		281		2.3	620		(214)		—		406		3.3
Assembled workforce	130		(130)		—		—		—	130		(130)		—		—		—
Developed technology	20,150		(4,188)		—		15,962		5.5	11,910		(1,163)		—		10,747		7.5
IPR&D	7,500		—		(3,000)		4,500		—	7,500		—		—		7,500		—
Total intangible assets	$	32,780	$	(6,786)	$	(3,000)	$	22,994	5.2	$	24,540	$	(2,463)	$	—	$	22,077	6.6

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

Schedule of Future Amortization Expense

As of December 31, 2023, the expected future amortization expense for intangible assets was as follows (in thousands):

Period	Expected Future Amortization Expense
2024	$	4,001
2025	4,001
2026	3,354
2027	3,138
2028	1,646
Thereafter	2,354
IPR&D	4,500
Total	$	22,994

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, 2022	$	687	$	18,129	$	18,816
Goodwill related to acquisition of Seagate’s lidar business (see Note 3)	1,063		—		1,063
Impairment of goodwill related to Freedom Photonics	—		(12,489)		(12,489)
Balance as of December 31, 2023	$	1,750	$	5,640	$	7,390

Schedule of Other Noncurrent Assets

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

	December 31,
	2023		2022
Security deposits	$	2,410	$	5,495
Non-marketable equity investment (see Note 5 for additional information)	14,000		4,000
Advance payment for capital projects	—		27,683
Contract assets	2,471		2,575
Other non-current assets	3,475		591
Total other non-current assets	$	22,356	$	40,344

Schedule of Accrued and Other Current Liabilities

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

	December 31,
	2023		2022
Accrued compensation and benefits	$	20,658	$	16,682
Accrued expenses	14,723		22,358
Contract losses	8,790		7,526
Warranty reserves	4,154		3,584
Contract liabilities	3,127		1,993
Accrued interest payable and other liabilities	1,153		819
Total accrued and other current liabilities	$	52,605	$	52,962