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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 27,019 $ 13,430
Short-term investments 39,243 39,325
Accounts receivable 15,435 12,851
Inventory 13,580 13,381
Prepaid expenses and other current assets 2,201 2,352
Total current assets 97,478 81,339
Property and equipment, net 1,160 1,052
Operating lease right-of-use asset 11,430 11,843
Restricted cash 122 122
Deferred offering costs 0 276
Other assets 15 15
Total assets 110,205 94,647
Current liabilities    
Accounts payable 4,046 2,954
Accrued liabilities 8,058 9,787
Operating lease liability 1,923 1,860
Deferred revenue 680 555
Total current liabilities 14,707 15,156
Long-term debt 59,788 59,525
Operating lease liability, net of current portion 11,441 11,953
Total liabilities 85,936 86,634
Commitments and contingencies (Note 5)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 32,751,240 and 30,145,039 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 33 30
Additional paid-in capital 561,775 538,933
Accumulated deficit (537,539) (530,950)
Total stockholders’ equity 24,269 8,013
Total liabilities and stockholders’ equity $ 110,205 $ 94,647