Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 59,279 $ 116,854
Restricted cash 19,371 0
Accounts receivable, net of allowance for expected credit losses ($461 and $360, respectively) 19,899 24,059
Inventory 21,672 26,773
Prepaid expenses 3,141 2,756
Other current assets 2,218 2,022
Total current assets 125,580 172,464
Property and equipment, net 15,864 17,713
Intangible assets, net 21,328 17,128
Right-of-use assets 31,496 36,884
Other assets 2,976 3,763
Total assets 197,244 247,952
Current liabilities    
Accounts payable 10,319 13,235
Accrued expenses 10,061 9,840
Settlement payable (Note 15) 18,000 0
Deferred revenue 8,343 8,779
Lease liabilities 5,758 7,368
Other current liabilities 0 1,526
Total current liabilities 52,481 40,748
Long-term deferred revenue 4,686 6,083
Long-term settlement payable (Note 15) 5,181 0
Contingent earnout liability 7,653 1,379
Long-term lease liabilities 27,809 35,771
Other liabilities 1,476 2,361
Total liabilities 99,286 86,342
Commitments and contingencies (Note 15)
Stockholders' equity    
Common stock, $0.0001 par value; 100,000,000 shares authorized at September 30, 2024 and December 31, 2023; 20,495,979 and 19,858,127 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 19 19
Additional paid-in capital 376,435 366,281
Accumulated deficit (278,378) (204,664)
Accumulated other comprehensive income (loss) (118) (26)
Total stockholders' equity 97,958 161,610
Total liabilities and stockholders' equity $ 197,244 $ 247,952