v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 18,319 $ 19,264
Restricted cash, current 504 503
Short-term investments 41,462 54,194
Financial assets:    
Accounts receivable 6,442 11,920
Contract assets 1,788 4,375
Unbilled receivables 3,406 2,751
Total financial assets 11,636 19,046
Less: allowances (49) (162)
Total financial assets, net 11,587 18,884
Inventories 1,781 1,799
Prepaid expenses and other current assets 4,155 4,128
Total current assets 77,808 98,772
Restricted cash 1,062 1,062
Investment in non-marketable equity securities 2,798 2,798
Right-of-use assets - Operating leases, net 27,986 28,700
Property and equipment, net 15,803 14,197
Goodwill 2,463 2,463
Other non-current assets 967 1,019
Total assets 128,887 149,011
Current liabilities:    
Accounts payable 6,046 2,838
Accrued compensation 6,387 11,410
Other accrued liabilities 5,117 6,223
Current portion of lease obligations - Operating leases 2,913 2,827
Deferred revenue 438 350
Total current liabilities 20,901 23,648
Deferred revenue, net of current portion 490 100
Long-term lease obligations - Operating leases 27,398 28,163
Long-term debt 29,186 28,905
Other long-term liabilities 1,283 1,268
Total liabilities 79,258 82,084
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value per share; 200,000 shares authorized; 82,841 shares and 81,850 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 8 8
Additional paid-in capital 633,101 629,673
Accumulated other comprehensive income 14 52
Accumulated deficit (583,494) (562,806)
Total stockholders' equity 49,629 66,927
Total liabilities and stockholders' equity $ 128,887 $ 149,011

Source

10-Q XBRL Zip