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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 257,222 $ 221,859
Restricted cash, current 0 777
Accounts receivable, net 48,376 15,272
Inventory 39,756 28,543
Prepaid expenses and other current assets 5,213 6,175
Total current assets 350,567 272,626
Restricted cash, non-current 3,038 3,038
Property and equipment, net 28,748 8,656
Operating lease right-of-use assets, net 20,241 23,481
Intangible assets, net 1,204 1,477
Other assets 919 51
Total assets 404,717 309,329
Current liabilities:    
Accounts payable 13,499 9,391
Accrued compensation 16,885 13,447
Deferred revenue 5,656 2,855
Operating leases, current 1,683 2,129
Loan facility derivative liability, current 1,886 0
Other current liabilities 6,318 7,468
Total current liabilities 45,927 35,290
Long-term debt 51,339 51,213
Operating leases, non-current 26,182 23,975
Loan facility derivative liability, non-current 0 1,779
Other non-current liabilities 517 0
Total liabilities 123,965 112,257
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 and none shares authorized, none issued and outstanding as of December 31, 2022 and 2021, respectively 0 0
Common stock, $0.0001 par value: 300,000 and 40,000 shares authorized, 44,828 and 43,676 shares issued and outstanding as of December 31, 2022 and 2021, respectively 0 0
Additional paid-in capital 735,240 545,753
Accumulated other comprehensive gain (loss) 84 (6)
Accumulated deficit (454,572) (348,675)
Total stockholders’ equity 280,752 197,072
Total liabilities and stockholders’ equity $ 404,717 $ 309,329