v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 14,856 $ 5,091
Investments 62,206 108,095
Accounts receivable, net 7,613 7,022
Inventory 32,453 29,761
Prepaid expenses and other current assets 5,447 7,329
Total current assets 122,575 157,298
Restricted cash 400 400
Property and equipment, net 20,263 18,029
Operating lease right-of-use assets 6,697 7,222
Finance lease right-of-use assets 3,606 3,707
Intangible assets, net 37,559 41,143
Goodwill 77,281 77,289
Other long-term assets 3,000 2,414
Total assets 271,381 307,502
Current liabilities:    
Accounts payable 11,912 12,534
Accrued expenses 8,316 10,552
Contract liabilities 978 871
Operating lease liability 2,014 2,260
Finance lease liability 279 285
Contingent consideration 10,000 9,382
Total current liabilities 33,499 35,884
Operating lease liability, net of current portion 4,766 5,504
Finance lease liability, net of current portion 3,604 3,619
Contingent consideration, net of current portion 14,570 12,970
Long-term contract liabilities 186 127
Total liabilities 56,625 58,104
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized at June 30, 2023 and December 31, 2022; 33,240,000 and 29,718,000 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 3 3
Additional paid-in capital 639,814 599,234
Accumulated deficit (424,751) (348,715)
Accumulated other comprehensive loss (310) (1,124)
Total stockholders’ equity 214,756 249,398
Total liabilities and stockholders’ equity $ 271,381 $ 307,502