v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 25,351 $ 19,264
Restricted cash, current 485 503
Short-term investments 33,350 54,194
Financial assets:    
Accounts receivable 6,030 11,920
Contract assets 2,130 4,375
Unbilled receivables 1,622 2,751
Total financial assets 9,782 19,046
Less: allowances (49) (162)
Total financial assets, net 9,733 18,884
Inventories 1,936 1,799
Prepaid expenses and other current assets 5,337 4,128
Total current assets 76,192 98,772
Restricted cash 1,062 1,062
Investment in non-marketable equity securities 2,798 2,798
Right-of-use assets - Operating leases, net 26,522 28,700
Property and equipment, net 14,012 14,197
Goodwill 2,463 2,463
Other non-current assets 912 1,019
Total assets 123,961 149,011
Current liabilities:    
Accounts payable 2,425 2,838
Accrued compensation 9,676 11,410
Other accrued liabilities 2,987 6,223
Current portion of lease obligations - Operating leases 3,091 2,827
Deferred revenue 296 350
Total current liabilities 18,475 23,648
Deferred revenue, net of current portion 100 100
Long-term lease obligations - Operating leases 25,801 28,163
Long-term debt 39,729 28,905
Other long-term liabilities 1,312 1,268
Total liabilities 85,417 82,084
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value per share; 200,000 shares authorized; 90,281 shares and 81,850 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 9 8
Additional paid-in capital 654,904 629,673
Accumulated other comprehensive income 12 52
Accumulated deficit (616,381) (562,806)
Total stockholders' equity 38,544 66,927
Total liabilities and stockholders' equity $ 123,961 $ 149,011

Source

10-Q XBRL Zip