Property and equipment, net

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property and equipment, net

Property and equipment, net

Property and equipment consist of the following as of September 30, 2025 and December 31, 2024:

	September 30,		December 31,
(In thousands)	2025		2024
Property and equipment
Leasehold improvements	$	3,587	$	3,527
Furniture and computer equipment	308		306
Manufacturing and other equipment	4,578		4,073
Construction in-progress	7,575		2,478
Subtotal	16,048		10,384
Less: Accumulated depreciation	(4,947)		(4,300)
Property and equipment, net	$	11,101	$	6,084

Depreciation expense for property and equipment was $0.2 million and $0.7 million for the three and nine months ended September 30, 2025, respectively, and $0.2 million and $0.5 million during the three and nine months ended September 30, 2024, respectively.