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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 196,762 $ 257,222
Accounts receivable, net 69,048 48,376
Inventory 50,850 39,756
Prepaid expenses and other current assets 6,321 5,213
Total current assets 322,981 350,567
Restricted cash, non-current 3,038 3,038
Property and equipment, net 26,605 28,748
Operating lease right-of-use assets, net 19,267 20,241
Intangible assets, net 1,000 1,204
Other assets 1,251 919
Total assets 374,142 404,717
Current liabilities:    
Accounts payable 15,088 13,499
Accrued compensation 18,834 16,885
Deferred revenue 7,989 5,656
Operating lease, current 1,839 1,683
Loan facility derivative liability 2,000 1,886
Other current liabilities 7,896 6,318
Total current liabilities 53,646 45,927
Long-term debt 51,438 51,339
Operating lease, non-current 27,361 26,182
Other liabilities 479 517
Total liabilities 132,924 123,965
Commitments and contingencies (see Note 11)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; Authorized shares: 10,000 at September 30, 2024 and December 31, 2023, Issued and outstanding shares: none at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.00001 par value; Authorized shares: 300,000 at September 30, 2024 and December 31, 2023, Issued and outstanding shares: 51,900 and 50,771 at September 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 768,365 735,240
Accumulated other comprehensive gain (loss) (18) 84
Accumulated deficit (527,129) (454,572)
Total stockholders’ equity 241,218 280,752
Total liabilities and stockholders’ equity $ 374,142 $ 404,717