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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 36,388 $ 73,222
Short-term investments 186,403 214,280
Accounts receivable, net 36,902 28,070
Inventories 44,495 51,476
Prepaid expenses and other current assets 5,216 6,597
Total current assets 309,404 373,645
Restricted cash 3,329 3,311
Property and equipment, net 14,539 15,876
Operating lease right-of-use assets 6,042 6,117
Other assets 1,128 1,166
Total assets 334,442 400,115
Current liabilities:    
Accounts payable 2,217 603
Accrued compensation and related benefits 17,461 21,519
Accrued expenses and other current liabilities 12,650 16,227
Accrued warranty liability 4,168 3,620
Deferred revenue, current 10,854 8,662
Operating lease liabilities, current 1,474 1,318
Total current liabilities 48,824 51,949
Accrued interest 484 113
Deferred revenue 89 151
Operating lease liabilities 5,308 5,576
Term loan 96,629 96,336
Total liabilities 151,334 154,125
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized, and no shares issued and outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 300,000 shares authorized as of June 30, 2023 and December 31, 2022; 49,629 and 48,465 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 50 48
Additional paid-in capital 1,060,418 1,035,456
Accumulated other comprehensive loss (393) (564)
Accumulated deficit (876,967) (788,950)
Total stockholders' equity 183,108 245,990
Total liabilities and stockholders' equity $ 334,442 $ 400,115