Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

The Company’s cash and cash equivalents consist of the following (in thousands):

	September 30, 2022		December 31, 2021
Cash	$	3,270	$	5,131
Cash equivalents:
Money market funds(1)	129,919		177,513
Total cash and cash equivalents	$	133,189	$	182,644

(1)The Company maintains a cash sweep account, which is included in money market funds as of September 30, 2022. Cash is invested in short-term money market funds that earn interest.

Reconciliation of cash, cash equivalents and restricted cash as shown in the condensed consolidated statement of cash flows to the respective accounts within the condensed consolidated balance sheet is as follows (in thousands):

	September 30, 2022		September 30, 2021
Cash and cash equivalents	$	133,189	$	221,576
Restricted cash, current	250		1,008
Restricted cash, non-current	1,088		1,004
Total cash, cash equivalents and restricted cash	$	134,527	$	223,588

Schedule of Inventory

Inventory, consisting of material, direct and indirect labor, and manufacturing overhead, consists of the following (in thousands):

	September 30, 2022		December 31, 2021
Raw materials	$	6,194	$	2,401
Work in process	2,658		1,951
Finished goods	11,952		3,096
Total inventory	$	20,804	$	7,448

Schedule of Prepaid Expenses and Other Current Assets

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

	September 30, 2022		December 31, 2021
Prepaid expenses	$	1,875	$	1,970
Prepaid insurance	1,520		1,355
Receivable from contract manufacturer	2,068		1,344
Other current assets	1,460		897
Total prepaid and other current assets	$	6,923	$	5,566

Schedule of Property, Plant and Equipment

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

	Estimated Useful Life (in years)	September 30, 2022		December 31, 2021
Machinery and equipment	3	$	9,292	$	8,404
Computer equipment	3	504		498
Automotive and vehicle hardware	5	93		93
Software	3	104		104
Furniture and fixtures	7	772		730
Construction in progress		3,187		1,700
Leasehold improvements	Shorter of useful life or lease term	9,358		9,265
		23,310		20,794
Less: Accumulated depreciation		(14,716)		(10,740)
Property and equipment, net		$	8,594	$	10,054

Schedule of Business Acquisitions, Reconciliation of Preliminary Total Consideration

A reconciliation of preliminary total consideration as of December 31, 2021, and total consideration as of September 30, 2022, are presented below (in thousands):

	As Reported		Measurement Period Adjustment		As Adjusted Value
Fair value of common stock issued at closing	$	60,024	$	(358)	$	59,666
Fully vested replacement equity awards	1,081		—		1,081
Cash paid at closing to settle Sense pre-existing debt and transaction costs incurred by Sense	11,703		—		11,703
Total consideration	$	72,808	$	(358)	$	72,450

	As Reported		Measurement Period Adjustment		As Adjusted Value
Assets acquired:
Cash	689		—		689
Restricted cash	69		—		69
Accounts receivable, net	768		—		768
Prepaid expenses and other current assets	463		—		463
Property and equipment, net	626		—		626
Developed technology	15,900		—		15,900
Vendor relationship	6,600		—		6,600
Customer relationships	900		—		900
Goodwill	51,076		76		51,152
Total assets acquired	$	77,091	$	76	$	77,167
Liabilities assumed:
Accounts payable	$	(266)	$	—	$	(266)
Accrued and other current liabilities	$	(1,540)	$	(234)	$	(1,774)
Other non-current liabilities	$	—	$	(200)	$	(200)
Deferred tax liability	$	(2,477)	$	—	$	(2,477)
Total liabilities assumed	$	(4,283)	$	(434)	$	(4,717)
Net Assets acquired	$	72,808	$	(358)	$	72,450

Schedule of Finite-Lived Intangible Assets

The following tables present acquired intangible assets, net as of September 30, 2022 and December 31, 2021 (in thousands):

		September 30, 2022
	Estimated Useful Life (in years)	Gross Carrying amount		Accumulated Amortization		Net Book Value
Developed technology	8	$	15,900	$	(1,822)	$	14,078
Vendor relationship	3	6,600		(2,017)		4,583
Customer relationships	3	900		(275)		625
Intangible assets, net		$	23,400	$	(4,114)	$	19,286

		December 31, 2021
	Estimated Useful Life (in years)	Gross Carrying amount		Accumulated Amortization		Net Book Value
Developed technology	8	$	15,900	$	(331)	$	15,569
Vendor relationship	3	6,600		(367)		6,233
Customer relationships	3	900		(50)		850
Intangible assets, net		$	23,400	$	(748)	$	22,652

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes estimated future amortization expense of finite-lived intangible assets-net (in thousands):

Years:	Amount
2022 (the remainder of 2022)	$	1,120
2023	4,488
2024	4,071
2025	1,988
2026	1,988
Thereafter	5,631
Total	$	19,286

Schedule of Accrued and Other Current Liabilities

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

	September 30, 2022		December 31, 2021
Accrued compensation	$	4,017	$	3,229
Uninvoiced receipts	7,973		9,835
Accrued interest	290		—
ESPP contributions	159		—
Other	1,956		1,109
Total accrued and other current liabilities	$	14,395	$	14,173