Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 125,492 $ 187,014
Marketable securities 2,979  
Accounts receivable, net 42,241 62,725
Inventories, net 21,840 34,093
Income tax receivable 669 1,626
Prepaid expenses and other current assets 13,846 19,187
Total current assets 207,067 304,645
Property and equipment, net 50,316 43,269
Goodwill 10,057 32,852
Intangible assets, net 34,591 177
Operating lease right-of-use asset 20,338 21,653
Other assets 3,825 2,445
Total assets 326,194 405,041
Current liabilities    
Accounts payable and accrued expenses 30,142 33,974
Accrued payroll 11,066 11,190
Warranty reserve - current 9,628 7,790
Operating lease liability - current 3,653 3,515
Earnout Liability 10,000  
Deferred revenue - current 7,980 8,880
Income tax payable 27  
Total current liabilities 72,496 65,349
Long-term liabilities    
Warranty reserve - noncurrent 13,850 12,123
Operating lease liability - noncurrent 18,270 19,764
Deferred revenue - noncurrent 8,227 10,399
Deferred tax liability 8,539  
Total liabilities 121,382 107,635
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 23,324,750 and 22,941,643 shares issued and outstanding as of December 31, 2023 and 2022, respectively 23 23
Additional paid-in capital 320,513 312,126
Accumulated deficit (116,949) (14,500)
Accumulated other comprehensive income (loss) 1,225 (243)
Total stockholders' equity 204,812 297,406
Total liabilities and stockholders' equity $ 326,194 $ 405,041