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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 92,373 $ 120,357
Accounts receivable, net of allowance for credit losses of $224 and $689 at September 30, 2025 and December 31, 2024, respectively 9,744 10,786
Inventory, net 7,984 6,325
Prepaid expenses and other current assets 3,494 2,306
Total current assets 113,595 139,774
Property and equipment, net 1,545 1,580
Operating lease right-of-use assets 568 935
Other noncurrent assets 548 550
Total assets 116,256 142,839
Current liabilities:    
Accounts payable 1,742 1,691
Accrued compensation 6,192 9,680
Accrued and other current liabilities 3,897 4,097
Total current liabilities 11,831 15,468
Long-term debt, net 40,069 39,356
Other noncurrent liabilities 66 492
Total liabilities 51,966 55,316
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 52,474,227 and 50,937,999 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 52 51
Additional paid-in-capital 444,799 433,769
Accumulated deficit (380,561) (346,297)
Total stockholders' equity 64,290 87,523
Total liabilities and stockholders' equity $ 116,256 $ 142,839