Inventory |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Inventory | 6. Inventory Inventory as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands):
Inventory is primarily comprised of raw materials, work-in-process, and finished goods. As of June 30, 2023 and December 31, 2022, the reserve for excess and obsolete inventory was $11.1 million and $5.4 million, respectively. The increase in inventory is primarily due to a combination of new product offerings as well as increased backlog. |
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