INVENTORIES, NET

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

The following table reflects the components of inventory, net as of March 31, 2023 and December 31, 2022 (in thousands): 

	March 31, 2023		December 31, 2022
Raw materials	$	921	$	1,367
Work-in-process	1,677		2,735
Finished goods	13,628		9,594
Total Inventories, net	$	16,226	$	13,696

The Company writes down the value of inventory for potentially excess or obsolete inventories based on an analysis of inventory on hand and projected demand. As of March 31, 2023 and December 31, 2022, the Company recorded inventory write-downs of $2.4 million and $2.8 million, respectively.