Balance Sheet Components (Tables)
|
9 Months Ended |
Sep. 30, 2024 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Schedule of Accounts Receivable, Net |
Accounts receivable, net consisted of the following:
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|
|
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|
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|
|
|
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September 30, |
|
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December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Trade receivables |
|
$ |
13,049 |
|
|
$ |
10,203 |
|
Less: Allowances for credit losses |
|
|
(2,836 |
) |
|
|
(620 |
) |
Total |
|
$ |
10,213 |
|
|
$ |
9,583 |
|
|
| Schedule of Inventories |
Inventories consisted of the following:
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September 30, |
|
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December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Raw materials |
|
$ |
64,767 |
|
|
$ |
75,581 |
|
Work-in-progress |
|
|
12,756 |
|
|
|
9,922 |
|
Finished goods |
|
|
10,267 |
|
|
|
2,406 |
|
Less: Inventory reserve |
|
|
(25,814 |
) |
|
|
(27,093 |
) |
Total |
|
$ |
61,976 |
|
|
$ |
60,816 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets consisted of the following:
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|
|
|
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|
|
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September 30, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Prepaid insurance and other |
|
$ |
1,774 |
|
|
$ |
2,738 |
|
Vendor prepayments |
|
|
160 |
|
|
|
1,262 |
|
Total |
|
$ |
1,934 |
|
|
$ |
4,000 |
|
|
| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following:
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|
|
|
|
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|
|
|
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September 30, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Computers and software |
|
$ |
2,525 |
|
|
$ |
2,549 |
|
Lab equipment and other equipment |
|
|
8,018 |
|
|
|
8,075 |
|
Furniture and fixtures |
|
|
206 |
|
|
|
206 |
|
Leasehold improvements |
|
|
14,484 |
|
|
|
14,406 |
|
Total property, plant and equipment |
|
|
25,233 |
|
|
|
25,236 |
|
Less accumulated depreciation and amortization |
|
|
(12,081 |
) |
|
|
(8,910 |
) |
Property, plant and equipment, net |
|
$ |
13,152 |
|
|
$ |
16,326 |
|
|
| Schedule of Other Assets |
Other assets consisted of the following:
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|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Right of use assets |
|
$ |
8,041 |
|
|
$ |
10,672 |
|
Non-current contract assets |
|
|
2,957 |
|
|
|
5,117 |
|
Non-current prepaid expenses and other assets |
|
|
3,062 |
|
|
|
1,993 |
|
Total Other assets |
|
$ |
14,060 |
|
|
$ |
17,782 |
|
|
| Schedule Of Accrued And Other Current Liabilities |
Accrued expenses and other current liabilities consisted of the following:
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September 30, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Accrued expenses |
|
$ |
1,769 |
|
|
$ |
1,948 |
|
Accrued salaries and benefits |
|
|
1,668 |
|
|
|
2,277 |
|
Lease liability – current portion |
|
|
1,888 |
|
|
|
2,266 |
|
Total Accrued expenses and other current liabilities |
|
$ |
5,325 |
|
|
$ |
6,491 |
|
|
| Schedule of Other Noncurrent Liabilities |
Other noncurrent liabilities consisted of the following:
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September 30, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
(In thousands) |
|
Lease liabilities – noncurrent portion |
|
$ |
8,887 |
|
|
$ |
10,176 |
|
Other noncurrent liabilities |
|
|
1,450 |
|
|
|
1,380 |
|
Total other noncurrent liabilities |
|
$ |
10,337 |
|
|
$ |
11,556 |
|
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