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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income (loss) $ 2,635 $ (3,160)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation expense 2,511 3,375
Depreciation and amortization 551 689
Amortization of debt discount 158 88
Amortization of debt issuance costs 53 52
Accretion of discount on short-term investments (281) (638)
Retirement and impairment of property and equipment   170
Gain on disposal of property and equipment (34)  
Change in operating assets and liabilities:    
Accounts receivable 145 (5,185)
Inventory (3,772) (363)
Prepaid expenses and other assets (8,604) (222)
Accounts payable 624 (2,403)
Accrued clinical and manufacturing liabilities (5,466) (2,347)
Accrued payroll and employee-related liabilities (3,103) (1,577)
Other accrued expenses 5,713 2,005
Net cash used in operating activities (8,870) (9,516)
Investing activities:    
Purchases of short-term investments (22,902) (37,892)
Maturities and sales of short-term investments 25,242 39,170
Purchases of property and equipment (109)  
Proceeds from the sale of property and equipment 42  
Net cash provided by investing activities 2,273 1,278
Financing activities:    
Receipts for stock issued under the equity incentive plan 64 11
Net cash provided by financing activities 64 11
Net decrease in cash and cash equivalents (6,533) (8,227)
Cash and cash equivalents at beginning of period 25,802 28,677
Cash and cash equivalents at end of period 19,269 20,450
Supplemental disclosure of cash flow information:    
Interest paid $ 636 $ 649