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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 74,517 $ 90,465
Accounts receivable, net 40,650 23,737
Inventories 11,510 6,735
Prepaid expenses and other current assets 4,907 5,500
Total current assets 131,584 126,437
Non-current assets:    
Property, plant and equipment, net 11,710 9,680
Operating lease right-of-use assets, net 5,826 19,518
Other assets 63 1,256
Total assets 149,183 156,891
Current liabilities:    
Accounts payable 9,760 6,700
Accrued and other current liabilities 4,259 3,666
Deferred grant 2,738 2,738
Deferred revenue 413 100
Operating lease liabilities 1,181 4,665
Total current liabilities 18,351 17,869
Non-current liabilities:    
Operating lease liabilities 5,196 35,207
Total liabilities 23,547 53,076
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock; $0.0001 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock; $0.0001 par value; 950,000,000 shares authorized; 146,080,618 and 134,536,592 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 14 13
Additional paid-in capital 352,157 322,156
Accumulated other comprehensive income 23 4
Accumulated deficit (226,558) (218,358)
Total stockholders’ equity 125,636 103,815
Total liabilities and stockholders’ equity $ 149,183 $ 156,891