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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 47,086 $ 50,588
Short-term investments 51,097 49,466
Accounts receivable, net 61,090 54,120
Inventories, net 32,880 38,308
Prepaid and other current assets 18,056 10,067
Total current assets 210,209 202,549
Property and equipment, net 515 586
Intangible assets, net 62,006 80,471
Other long-term assets 1,050 1,126
Total assets 273,780 284,732
Current liabilities:    
Accounts payable 10,854 14,736
Accrued rebates, returns and discounts 85,887 76,304
Accrued liabilities 31,055 18,847
Contingent consideration, current portion 726 726
Other current liabilities 4,007 4,075
Total current liabilities 132,529 114,688
Long-term debt 39,046 38,813
Other long-term liabilities 8,907 10,150
Total liabilities 180,482 163,651
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Common stock, $0.0001 par value, 200,000,000 shares authorized; 96,217,239 and 95,536,990 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 9 9
Additional paid-in capital 796,306 794,196
Accumulated deficit (703,017) (673,124)
Total shareholders’ equity 93,298 121,081
Total liabilities and shareholders' equity $ 273,780 $ 284,732