v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 91,415 $ 56,984
Short-term investments 93,594 57,195
Accounts receivable, net 8,140 [1] 17,730
Inventory and other deferred costs 5,939 10,474
Prepaid expenses and other current assets 3,927 4,361
Total current assets 203,015 146,744
Property and equipment, net 48,274 57,366
Operating lease right-of-use assets 16,453 17,852
Other long-term assets 2,526 3,137
Total assets 270,268 225,099
Current liabilities    
Accounts payable 6,397 14,920
Accrued and other current liabilities 21,629 [2] 23,941
Contract liabilities 3,100 3,288
Short-term warrant liability   5,085
Total current liabilities 31,126 47,234
Long-term operating lease liabilities 34,882 38,321
Long-term warrant liability   4,942
Other long-term liabilities 1,303 [3] 5,161
Total liabilities 67,311 95,658
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value - 200,000,000 shares authorized; 85,171,146 and 50,480,694 shares issued and outstanding, respectively 9 5
Additional paid-in capital 752,961 598,364
Accumulated other comprehensive loss (23) (222)
Accumulated deficit (549,990) (468,706)
Total stockholders’ equity 202,957 129,441
Total liabilities and stockholders’ equity $ 270,268 $ 225,099
[1] Includes related party accounts receivable of $2.5 million as of December 31, 2024.
[2] Includes related party liabilities of $1.7 million as of December 31, 2024.
[3] Includes related party liabilities of $1.2 million as of December 31, 2024.