Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 118,893 $ 113,795
Restricted cash 3,646 3,620
Accounts receivable, net 36,623 29,563
Inventories, net 26,273 24,812
Income tax receivable 0 538
Prepaid expenses and other current assets 15,273 13,123
Total current assets 200,708 185,451
Property and equipment, net 41,099 44,400
Goodwill 9,860 9,465
Intangible assets, net 31,607 30,493
Operating lease right-of-use asset 18,120 18,295
Other assets 7,018 8,081
Total assets 308,412 296,185
Current liabilities    
Accounts payable and accrued expenses 35,925 27,153
Accrued payroll 10,513 17,189
Warranty reserve - current 9,658 9,736
Operating lease liability - current 2,945 2,812
Earnout liability 0 13,000
Deferred revenue - current 6,410 6,654
Income tax payable 0 142
Total current liabilities 65,451 76,686
Long-term liabilities    
Warranty reserve - noncurrent 16,226 16,350
Operating lease liability - noncurrent 16,267 16,594
Deferred revenue - noncurrent 5,107 5,747
Deferred tax liability 7,409 6,948
Total liabilities 110,460 122,325
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 26,887,242 and 23,902,338 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 27 24
Additional paid-in capital 357,447 328,174
Accumulated deficit (159,011) (152,837)
Accumulated other comprehensive loss (511) (1,501)
Total stockholders' equity 197,952 173,860
Total liabilities and stockholders' equity $ 308,412 $ 296,185