v3.25.3

Condensed consolidated balance sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 18,946	$ 16,911
Short-term investments	22,302	33,821
Accounts receivable	5,430	7,519
Inventory	21,068	20,200
Prepaid expenses and other current assets	2,205	2,466
Total current assets	69,951	80,917
Property and equipment, net	9,584	11,193
Right-of-use assets, net	4,377	5,163
Other long-term assets	211	531
Restricted cash	284	365
Total assets	84,407	98,169
Current liabilities:
Accounts payable	3,592	2,535
Accrued expenses and other current liabilities	6,608	7,217
Deferred revenue	5,070	6,599
Lease liabilities, short-term	1,277	1,214
Total current liabilities	16,547	17,565
Notes payable, net	18,828	0
Warrant liability	358	0
Lease liabilities, long-term	4,002	4,954
Other long-term liabilities	340	298
Total liabilities	40,075	22,817
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.01 par value: 10,000,000 shares authorized at September 30, 2025 and December 31, 2024; zero shares issued and outstanding at September 30, 2025 and December 31, 2024	0	0
Additional paid-in capital	553,778	550,157
Accumulated deficit	(509,900)	(475,274)
Accumulated other comprehensive income	12	39
Total stockholders’ equity	44,332	75,352
Total liabilities and stockholders’ equity	84,407	98,169
Class A Common stock
Stockholders’ equity:
Common stock	397	377
Class B Common stock
Stockholders’ equity:
Common stock	$ 45	$ 53

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