Risks and Liquidity

9 Months Ended

Sep. 30, 2023

Risks And Liquidity [Abstract]

Risks and Liquidity

Risks and Liquidity

The Company believes that its $189.5 million of cash and cash equivalents, and marketable securities as of September 30, 2023 will enable it to fund its planned operations for at least twelve months from the issuance date of these unaudited condensed consolidated financial statements.

The Company’s future results of operations and liquidity could be materially adversely affected by macroeconomic and geopolitical factors in the United States and globally, including the supply chain environment, inflationary pressure, higher interest rates, instability in the global financial markets, significant disruptions in the global markets as a result of the conflict between Russia and Ukraine and or the recent state of war between Israel and Hamas and the related risk of a larger regional conflict, labor shortages, the introduction of or changes in tariffs, trade barriers, or regulatory requirements, and uncertain or reduced demand, as well as the impact of any initiatives or programs that the Company may undertake to address financial and operational challenges faced by its customers.