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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 53,492 $ 20,717
Short-term investments 113,261 76,573
Accounts receivable, net of allowance for credit losses of $750 and $400, respectively 19,988 20,674
Inventory 22,335 17,282
Prepaid expenses and other current assets 1,943 2,365
Total current assets 211,019 137,611
Property and equipment, net 16,487 15,564
Operating lease right-of-use assets 3,034 4,002
Other non-current assets 338 375
TOTAL ASSETS 230,878 157,552
Current liabilities:    
Accounts payable 4,420 6,279
Accrued liabilities and other 13,549 13,511
Operating lease liabilities, current portion 1,403 1,388
Total current liabilities 19,372 21,178
Long-term borrowings 36,022 35,171
Operating lease liabilities, net of current portion 1,865 2,871
Other long-term liabilities 19 30
TOTAL LIABILITIES 57,278 59,250
Commitments and contingencies (Note 6)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 40,377,691 and 34,731,577 shares issued and outstanding, respectively 4 3
Additional paid-in capital 562,698 455,172
Accumulated other comprehensive income 356 232
Accumulated deficit (389,458) (357,105)
TOTAL STOCKHOLDERS’ EQUITY 173,600 98,302
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 230,878 $ 157,552