Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 91,144 $ 39,013
Accounts receivable, net 8,356 6,263
Inventories, net 27,578 27,083
Contract assets 12,160 2,039
Prepaid expenses and other current assets 16,896 5,722
Total current assets 156,134 80,120
Property and equipment, net 16,152 13,094
Equipment subject to operating lease, net 1,023 1,629
Other assets 26,838 10,505
Total assets 200,147 105,348
Current liabilities:    
Accounts payable 5,235 10,301
Accrued expenses and other current liabilities 4,967 7,915
Debt – current portion 3,197 6,305
Contract liabilities 11,249 9,281
Total current liabilities 24,648 33,802
Long-term debt - Less: Current Portion 4,973 24,710
Contingent earnout liabilities (Note 10) 1 1
Warrant liabilities (Note 10) 150 109
Other noncurrent liabilities 23,836 8,570
Total liabilities 53,608 67,192
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.00001 par value - 500,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively, 32,149,118 and 24,607,630 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 663,185 536,294
Accumulated deficit (516,651) (498,143)
Total stockholders’ equity 146,539 38,156
Total liabilities and stockholders’ equity $ 200,147 $ 105,348