Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 93,112 $ 103,729
Marketable securities 17,059 15,848
Restricted cash 1,296 1,289
Accounts receivable, net 41,874 38,863
Inventories 24,992 25,969
Prepaid expenses and other current assets 12,332 12,601
Total current assets 190,665 198,299
Property and equipment, net 33,686 36,362
Goodwill 10,483 10,698
Intangible assets, net 28,910 30,763
Operating lease right-of-use asset 15,728 16,501
Other assets 6,454 6,002
Total assets 285,926 298,625
Current liabilities    
Accounts payable and accrued expenses 32,695 33,941
Accrued payroll 10,192 10,629
Warranty reserve - current 9,978 10,116
Operating lease liability - current 3,492 3,163
Deferred revenue - current 5,090 5,503
Income tax payable 0 183
Total current liabilities 61,447 63,535
Long-term liabilities    
Warranty reserve - noncurrent 18,388 18,194
Operating lease liability - noncurrent 13,443 14,313
Deferred revenue - noncurrent 3,170 3,603
Deferred tax liability 6,572 6,749
Total liabilities 103,020 106,394
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 27,365,116 and 27,232,350 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 27 27
Additional paid-in capital 363,372 363,545
Accumulated deficit (183,908) (175,584)
Accumulated other comprehensive income 3,415 4,243
Total stockholders' equity 182,906 192,231
Total liabilities and stockholders' equity $ 285,926 $ 298,625