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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 20,648 $ 13,430
Short-term investments 39,366 39,325
Accounts receivable 14,938 12,851
Inventory 18,135 13,381
Prepaid expenses and other current assets 2,243 2,352
Total current assets 95,330 81,339
Property and equipment, net 1,108 1,052
Operating lease right-of-use asset 10,575 11,843
Restricted cash 122 122
Deferred offering costs 0 276
Other assets 120 15
Total assets 107,255 94,647
Current liabilities    
Accounts payable 4,590 2,954
Accrued liabilities 12,317 9,787
Operating lease liability 2,051 1,860
Deferred revenue 649 555
Total current liabilities 19,607 15,156
Long-term debt 58,748 59,525
Operating lease liability, net of current portion 10,382 11,953
Total liabilities 88,737 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 September 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 33,280,887 and 30,145,039 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 33 30
Additional paid-in capital 568,171 538,933
Accumulated deficit (549,686) (530,950)
Total stockholders’ equity 18,518 8,013
Total liabilities and stockholders’ equity $ 107,255 $ 94,647