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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 84,967 $ 69,349
Accounts receivable, net 9,852 10,906
Prepaid expenses and other current assets 14,950 20,426
Total current assets 109,769 100,681
Inventory 25,395 25,907
Property and equipment, net 1,260 1,508
Operating lease right-of-use asset 2,728 1,385
Other non-current assets 6 34
Total assets 139,158 129,515
Current liabilities:    
Accounts payable 18,104 10,448
Accrued expenses [1] 25,277 50,197
Operating lease liabilities, current 1,083 1,304
Other current liability 32 27
Total current liabilities 44,496 61,976
Operating lease liabilities, non-current 1,594 0
Total liabilities 46,090 61,976
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock (undesignated), $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 214,409,450 shares issued and outstanding at September 30, 2025; 119,835,162 shares issued and outstanding at December 31, 2024 22 12
Additional paid-in capital 1,036,500 969,526
Accumulated other comprehensive loss (41) (5)
Accumulated deficit (943,413) (901,994)
Total stockholders' equity 93,068 67,539
Total liabilities, preferred stock and stockholders' equity $ 139,158 $ 129,515
[1] Includes related-party amounts of $716 and $1,274 as of September 30, 2025 and December 31, 2024, respectively (see Note 15).