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Balance Sheet Details (Tables) | 9 Months Ended
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Sep. 30, 2024
Balance Sheet Related Disclosures [Abstract] |
Schedule of Cash and Cash Equivalents | Cash, cash equivalents and restricted cash consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Cash and cash equivalents |  | $ | 210,647 |  |  | $ | 51,704 |
Restricted cash |  |  | 1,291 |  |  |  | 795 |
Total cash, cash equivalents and restricted cash |  | $ | 211,938 |  |  | $ | 52,499 |
Schedule of Accounts Receivable | Accounts receivable consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Trade receivables |  | $ | 35,337 |  |  | $ | 19,972 |
Royalty receivable, current |  |  | 435 |  |  |  | — |
Other receivables |  |  | 173 |  |  |  | — |
Less: allowance for expected credit losses |  |  | (628 | ) |  |  | (312 | )
Accounts receivable, net |  | $ | 35,317 |  |  | $ | 19,660 |
Schedule of Inventories | Inventory consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Raw materials |  | $ | 49,953 |  |  | $ | 12,140 |
Work-in-process |  |  | 1,558 |  |  |  | 282 |
Finished goods |  |  | 9,082 |  |  |  | 8,111 |
Total inventory |  |  | 60,593 |  |  |  | 20,533 |
Inventory, current |  |  | 42,644 |  |  |  | 20,533 |
Inventory, non-current (1) |  | $ | 17,949 |  |  | $ | — |
(1) The value of inventory that is not expected to be used within 12 months of the balance sheet date is classified as non-current inventory on the condensed consolidated balance sheets.
Schedule of Property and Equipment, Net | Property and equipment, net consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Laboratory and manufacturing equipment |  | $ | 59,785 |  |  | $ | 35,563 |
Leasehold improvements |  |  | 17,400 |  |  |  | 13,785 |
Computer equipment |  |  | 7,845 |  |  |  | 6,232 |
Internal-use software |  |  | 16,870 |  |  |  | — |
Office furniture and fixtures |  |  | 3,482 |  |  |  | 1,762 |
Property and equipment, gross |  |  | 105,382 |  |  |  | 57,342 |
Less accumulated depreciation and amortization |  |  | (69,623 | ) |  |  | (35,489 | )
Construction-in-progress |  |  | 6,223 |  |  |  | 2,334 |
Property and equipment, net |  | $ | 41,982 |  |  | $ | 24,187 |
Accrued Liabilities | Accrued liabilities, which are included in current liabilities on the condensed consolidated balance sheets consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Accrued compensation and related benefits |  | $ | 14,390 |  |  | $ | 12,052 |
Loss contingency accruals |  |  | 4,262 |  |  |  | — |
Accrued warranties |  |  | 1,874 |  |  |  | 2,593 |
Accrued restructuring |  |  | 2,541 |  |  |  | 825 |
Uninvoiced receipts |  |  | 1,354 |  |  |  | 1,516 |
Other |  |  | 7,265 |  |  |  | 4,033 |
Accrued liabilities |  | $ | 31,686 |  |  | $ | 21,019 |

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