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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (49,314) $ (32,036)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 16,365 4,713
Depreciation of property and equipment 441 393
Loss on disposal of equipment 0 4
Amortization of deferred financing costs and loan discount 142 114
Changes in operating assets and liabilities:    
Accounts receivable (1,482) (868)
Inventory (909) (3,930)
Prepaid expenses and other current assets 242 902
Accounts payable 1,392 (586)
Accrued expenses 1,987 112
Net cash used in operating activities (31,136) (31,182)
Cash flows from investing activities:    
Purchase of property and equipment (1,309) (422)
Net cash used in investing activities (1,309) (422)
Cash flows from financing activities:    
Proceeds from the exercise of common stock options 1,610 519
Proceeds from Employee Stock Purchase Plan 406 452
Proceeds from the issuance of common stock 20,170 0
Proceeds from debt financing 20,000 7,500
Debt financing costs (150) (67)
Net cash provided by financing activities 42,036 8,404
Effect of currency exchange on cash and cash equivalents 1 (1)
Net change in cash and cash equivalents 9,592 (23,201)
Cash and cash equivalents at beginning of period 90,569 106,194
Cash and cash equivalents at end of period 100,161 82,993
Supplemental Information:    
Cash paid for interest 2,456 979
Cash paid for income taxes $ 0 $ 4