Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

The Company’s cash and cash equivalents consist of the following (in thousands):

	September 30, 2024		December 31, 2023
Cash	$	27,345	$	40,648
Cash equivalents:
Money market funds(1)	17,043		7,354
Commercial paper	—		2,989
Total cash and cash equivalents	$	44,388	$	50,991

(1)The Company maintains a cash sweep account, which is included in money market funds as of September 30, 2024 and December 31, 2023. Cash is invested in short-term money market funds that earn interest.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the amounts reported in the unaudited condensed consolidated statements of cash flows (in thousands):

	September 30, 2024		September 30, 2023
Cash and cash equivalents	$	44,388	$	75,585
Restricted cash, current	439		540
Restricted cash, non-current	1,892		1,090
Total cash, cash equivalents and restricted cash	$	46,719	$	77,215

Schedule of Inventory

Inventory, consisting of material, direct and indirect labor, and manufacturing overhead, consists of the following (in thousands):

	September 30, 2024		December 31, 2023
Raw materials	$	5,248	$	10,062
Work in process	63		75
Finished goods	13,314		13,095
Total inventory	$	18,625	$	23,232

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):

	September 30, 2024		December 31, 2023
Prepaid expenses	$	5,671	$	5,377
Prepaid insurance	1,291		648
Receivable from contract manufacturer	2,190		2,028
Insurance receivable	—		23,375
Other current assets	2,100		3,219
Total prepaid expenses and other current assets	$	11,252	$	34,647

Schedule of Property, Plant and Equipment

Property and equipment consists of the following (in thousands):

	Estimated Useful Life (in years)	September 30, 2024		December 31, 2023
Machinery and equipment	3	$	12,029	$	16,535
Computer equipment	3	525		1,104
Automotive and vehicle hardware	5	93		22
Software	3	589		593
Furniture and fixtures	7	850		946
Construction in progress		5,112		3,572
Leasehold improvements	Shorter of useful life or lease term	10,910		10,879
		30,108		33,651
Less: Accumulated depreciation		(21,272)		(23,423)
Property and equipment, net		$	8,836	$	10,228

Schedule of Finite-Lived Intangible Assets

The following tables present acquired intangible assets, net as of September 30, 2024 and December 31, 2023 (in thousands):

		September 30, 2024
	Estimated Useful Life (in years)	Gross Carrying amount		Accumulated Amortization		Net Book Value
Developed technology	3-8	$	23,500	$	(8,831)	$	14,669
Vendor relationship	3	6,600		(6,417)		183
Customer relationships	3-8	6,300		(1,980)		4,320
Intangible assets, net		$	36,400	$	(17,228)	$	19,172

		December 31, 2023
	Estimated Useful Life (in years)	Gross Carrying amount		Accumulated Amortization		Net Book Value
Developed technology	3-8	$	23,500	$	(5,948)	$	17,552
Vendor relationship	3	6,600		(4,767)		1,833
Customer relationships	3-8	6,300		(1,249)		5,051
Intangible assets, net		$	36,400	$	(11,964)	$	24,436

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes estimated future amortization expense of finite-lived intangible assets-net (in thousands):

Years:	Amount
2024 (the remainder of 2024)	$	1,342
2025	4,513
2026	3,774
2027	3,682
2028	2,779
Thereafter	3,082
Total	$	19,172

Schedule of Accrued and Other Current Liabilities

Accrued and other current liabilities consist of the following (in thousands):

	September 30, 2024		December 31, 2023
Accrued legal fees and contingencies	$	6,006	$	28,415
Uninvoiced receipts	4,591		12,980
Accrued compensation	6,330		6,387
Sales and use tax	2,651		2,667
Other	9,329		7,717
Total accrued and other current liabilities	$	28,907	$	58,166