v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 209,633 $ 235,524
Marketable securities   9,989
Accounts receivable, net 50,533 24,452
Inventories, net 35,725 31,873
Income tax receivable 1,579 1,343
Prepaid expenses and other current assets 20,306 26,005
Total current assets 317,776 329,186
Property and equipment    
Rental equipment, net 58,698 59,073
Manufacturing equipment and tooling 11,246 12,050
Computer equipment and software 9,219 8,585
Furniture and equipment 3,194 3,167
Leasehold improvements 6,126 5,956
Land and building 125 125
Construction in process 2,843 1,639
Total property and equipment 91,451 90,595
Less accumulated depreciation (50,819) (51,669)
Property and equipment, net 40,632 38,926
Goodwill 32,674 32,979
Intangible assets, net 53,700 60,147
Operating lease right-of-use asset 22,479 24,912
Other assets 2,323 3,363
Total assets 469,584 489,513
Current liabilities    
Accounts payable and accrued expenses 33,512 25,689
Accrued payroll 11,789 17,307
Warranty reserve - current 7,830 6,480
Operating lease liability - current 3,486 3,393
Deferred revenue - current 9,119 8,568
Income tax payable   75
Total current liabilities 65,736 61,512
Long-term liabilities    
Warranty reserve - noncurrent 7,630 7,246
Operating lease liability - noncurrent 20,662 23,281
Earnout liability - noncurrent 13,687 15,386
Deferred revenue - noncurrent 11,027 11,861
Total liabilities 118,742 119,286
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 22,919,781 and 22,731,586 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 23 23
Additional paid-in capital 309,140 299,463
Retained earnings 42,110 69,272
Accumulated other comprehensive income (loss) (431) 1,469
Total stockholders' equity 350,842 370,227
Total liabilities and stockholders' equity $ 469,584 $ 489,513

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