v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 223,621 $ 235,524
Marketable securities   9,989
Accounts receivable, net 31,146 24,452
Inventories, net 33,496 31,873
Income tax receivable 1,670 1,343
Prepaid expenses and other current assets 25,514 26,005
Total current assets 315,447 329,186
Property and equipment    
Rental equipment, net 59,158 59,073
Manufacturing equipment and tooling 11,134 12,050
Computer equipment and software 9,044 8,585
Furniture and equipment 3,135 3,167
Leasehold improvements 6,059 5,956
Land and building 125 125
Construction in process 2,913 1,639
Total property and equipment 91,568 90,595
Less accumulated depreciation (51,150) (51,669)
Property and equipment, net 40,418 38,926
Goodwill 32,803 32,979
Intangible assets, net 55,850 60,147
Operating lease right-of-use asset 23,484 24,912
Other assets 2,067 3,363
Total assets 470,069 489,513
Current liabilities    
Accounts payable and accrued expenses 26,808 25,689
Accrued payroll 12,659 17,307
Warranty reserve - current 7,360 6,480
Operating lease liability - current 3,506 3,393
Deferred revenue - current 9,007 8,568
Income tax payable   75
Total current liabilities 59,340 61,512
Long-term liabilities    
Warranty reserve - noncurrent 7,144 7,246
Operating lease liability - noncurrent 21,678 23,281
Earnout liability - noncurrent 13,975 15,386
Deferred revenue - noncurrent 11,395 11,861
Total liabilities 113,532 119,286
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,865,715 and 22,731,586 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 23 23
Additional paid-in capital 304,939 299,463
Retained earnings 51,616 69,272
Accumulated other comprehensive income (loss) (41) 1,469
Total stockholders' equity 356,537 370,227
Total liabilities and stockholders' equity $ 470,069 $ 489,513

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