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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 79,655 $ 81,309
Short-term investments 49,195 84,475
Accounts receivable (net of allowances of $151 and $592 at September 30, 2023 and December 31, 2022, respectively) 16,560 17,280
Inventories, net 21,927 21,473
Prepaid expenses and other current assets 3,404 4,278
Total current assets 170,741 208,815
Property and equipment, net 24,538 25,652
Operating lease right-of-use asset, net 31,191 33,883
Other non-current assets 2,390 3,109
Developed technology, net 4,200 12,600
Goodwill 106,225 106,251
Total assets 339,285 390,310
Current liabilities:    
Accounts payable 7,327 7,914
Accrued compensation and related benefits 10,423 9,153
Operating lease liabilities, current 3,980 3,682
Deferred revenue, current 11,234 10,792
Deferred grant income, current 3,637 3,644
Other accrued liabilities 10,199 6,175
Term loan, current 5,000 2,083
Total current liabilities 51,800 43,443
Convertible Notes Payable, Noncurrent 54,975 54,615
Term loan, non-current 4,615 8,194
Deferred tax liability 1,017 1,055
Operating lease liabilities, non-current 31,150 34,081
Deferred revenue, non-current 3,474 3,816
Deferred grant income, non-current 11,635 14,359
Other non-current liabilities 1,086 961
Total liabilities 159,752 160,524
Commitments and contingencies (Note 7)
Mezzanine equity:    
Redeemable preferred stock: $0.001 par value; 256 shares authorized, issued and outstanding at September 30, 2023 and December 31, 2022; aggregate liquidation preference of $255,559 at September 30, 2023 and December 31, 2022 311,253 311,253
Stockholders’ deficit:    
Preferred stock: $0.001 par value, 9,744 shares authorized at September 30, 2023 and December 31, 2022; no shares issued and outstanding at September 30, 2023 and December 31, 2022 0 0
Common stock: $0.001 par value, 400,000 shares authorized at September 30, 2023 and December 31, 2022; 82,527 and 79,904 shares issued at September 30, 2023 and December 31, 2022, respectively; 79,470 and 79,482 shares outstanding at September 30, 2023 and December 31, 2022, respectively 82 80
Additional paid-in capital 856,926 847,008
Accumulated other comprehensive loss (1,949) (1,896)
Accumulated deficit (980,976) (926,096)
Treasury stock at cost: 3,057 and 422 shares at September 30, 2023 and December 31, 2022, respectively (5,803) (563)
Total stockholders’ deficit (131,720) (81,467)
Total liabilities, mezzanine equity and stockholders’ deficit $ 339,285 $ 390,310