v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 213,399 $ 235,524
Marketable securities 9,989 9,989
Accounts receivable, net 33,983 24,452
Inventories, net 34,078 31,873
Income tax receivable 1,435 1,343
Prepaid expenses and other current assets 25,238 26,005
Total current assets 318,122 329,186
Property and equipment    
Rental equipment, net 59,387 59,073
Manufacturing equipment and tooling 10,968 12,050
Computer equipment and software 8,320 8,585
Furniture and equipment 3,135 3,167
Leasehold improvements 6,045 5,956
Land and building 125 125
Construction in process 2,705 1,639
Total property and equipment 90,685 90,595
Less accumulated depreciation (51,356) (51,669)
Property and equipment, net 39,329 38,926
Goodwill 32,934 32,979
Intangible assets, net 58,000 60,147
Operating lease right-of-use asset 24,080 24,912
Other assets 2,151 3,363
Total assets 474,616 489,513
Current liabilities    
Accounts payable and accrued expenses 32,375 25,689
Accrued payroll 8,839 17,307
Warranty reserve - current 6,519 6,480
Operating lease liability - current 3,401 3,393
Deferred revenue - current 8,689 8,568
Income tax payable   75
Total current liabilities 59,823 61,512
Long-term liabilities    
Warranty reserve - noncurrent 6,574 7,246
Operating lease liability - noncurrent 22,409 23,281
Earnout liability - noncurrent 16,016 15,386
Deferred revenue - noncurrent 11,509 11,861
Total liabilities 116,331 119,286
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,836,472 and 22,731,586 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 23 23
Additional paid-in capital 302,020 299,463
Retained earnings 55,058 69,272
Accumulated other comprehensive income 1,184 1,469
Total stockholders' equity 358,285 370,227
Total liabilities and stockholders' equity $ 474,616 $ 489,513

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