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Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
The Company’s cash and cash equivalents consist of the following (in thousands):
 June 30,
2024
December 31,
2023
Cash$34,323 $40,648 
Cash equivalents:
Money market funds(1)
18,364 7,354 
Commercial paper— 2,989 
Total cash and cash equivalents$52,687 $50,991 
(1)The Company maintains a cash sweep account, which is included in money market funds as of June 30, 2024 and December 31, 2023. Cash is invested in short-term money market funds that earn interest.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the amounts reported in the unaudited condensed consolidated statements of cash flows (in thousands):
June 30,
2024
June 30,
2023
Cash and cash equivalents$52,687 $91,237 
Restricted cash, current426 528 
Restricted cash, non-current1,092 1,090 
Total cash, cash equivalents and restricted cash$54,205 $92,855 
Schedule of Inventory
Inventory, consisting of material, direct and indirect labor, and manufacturing overhead, consists of the following (in thousands):
 June 30,
2024
December 31,
2023
Raw materials$10,033 $10,062 
Work in process62 75 
Finished goods9,358 13,095 
Total inventory$19,453 $23,232 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
June 30,
2024
December 31,
2023
Prepaid expenses$5,720 $5,377 
Prepaid insurance1,334 648 
Receivable from contract manufacturer2,193 2,028 
Insurance receivable23,375 23,375 
Other current assets908 3,219 
Total prepaid expenses and other current assets$33,530 $34,647 
Schedule of Property, Plant and Equipment
Property and equipment consists of the following (in thousands):
Estimated Useful Life
(in years)
June 30,
2024
December 31,
2023
Machinery and equipment3$15,836 $16,535 
Computer equipment31,104 1,104 
Automotive and vehicle hardware593 22 
Software3590 593 
Furniture and fixtures7943 946 
Construction in progress4,988 3,572 
Leasehold improvementsShorter of useful life or lease term10,910 10,879 
34,464 33,651 
Less: Accumulated depreciation(25,019)(23,423)
Property and equipment, net$9,445 $10,228 
Schedule of Finite-Lived Intangible Assets
The following tables present acquired intangible assets, net as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024
Estimated Useful Life
(in years)
Gross Carrying amountAccumulated AmortizationNet Book Value
Developed technology3-8$23,500 $(7,868)$15,632 
Vendor relationship
3
6,600 (5,867)733 
Customer relationships3-86,300 (1,735)4,565 
Intangible assets, net$36,400 $(15,470)$20,930 
December 31, 2023
Estimated Useful Life
(in years)
Gross Carrying amountAccumulated AmortizationNet Book Value
Developed technology3-8$23,500 $(5,948)$17,552 
Vendor relationship36,600 (4,767)1,833 
Customer relationships3-86,300 (1,249)5,051 
Intangible assets, net$36,400 $(11,964)$24,436 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table summarizes estimated future amortization expense of finite-lived intangible assets-net (in thousands):
Years:Amount
2024 (the remainder of 2024)$3,101 
20254,515 
20263,776 
20273,682 
20282,779 
Thereafter3,077 
Total$20,930 
Schedule of Accrued and Other Current Liabilities
Accrued and other current liabilities consist of the following (in thousands):
June 30,
2024
December 31,
2023
Accrued legal contingencies$23,375 $27,500 
Uninvoiced receipts8,707 12,980 
Accrued compensation5,581 6,387 
Sales and use tax2,124 2,667 
Other8,719 8,632 
Total accrued and other current liabilities$48,506 $58,166