Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 87,276 $ 103,729
Marketable securities 18,263 15,848
Restricted cash 1,303 1,289
Accounts receivable, net 46,157 38,863
Inventories 28,633 25,969
Prepaid expenses and other current assets 12,504 12,601
Total current assets 194,136 198,299
Property and equipment, net 31,781 36,362
Goodwill 10,395 10,698
Intangible assets, net 27,447 30,763
Operating lease right-of-use asset 14,914 16,501
Other assets 6,899 6,002
Total assets 285,572 298,625
Current liabilities    
Accounts payable and accrued expenses 39,678 33,941
Accrued payroll 12,796 10,629
Warranty reserve - current 10,414 10,116
Operating lease liability - current 3,253 3,163
Deferred revenue - current 4,723 5,503
Income tax payable 0 183
Total current liabilities 70,864 63,535
Long-term liabilities    
Warranty reserve - noncurrent 17,961 18,194
Operating lease liability - noncurrent 12,541 14,313
Deferred revenue - noncurrent 2,857 3,603
Deferred tax liability 6,485 6,749
Total liabilities 110,708 106,394
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 26,730,437 and 27,232,350 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 27 27
Additional paid-in capital 359,519 363,545
Accumulated deficit (187,758) (175,584)
Accumulated other comprehensive income 3,076 4,243
Total stockholders' equity 174,864 192,231
Total liabilities and stockholders' equity $ 285,572 $ 298,625