Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 124,608 $ 187,014
Marketable securities 13,432  
Accounts receivable, net 48,380 62,725
Inventories, net 24,015 34,093
Income tax receivable 470 1,626
Prepaid expenses and other current assets 14,363 19,187
Total current assets 225,268 304,645
Property and equipment, net 49,525 43,269
Goodwill 9,869 32,852
Intangible assets, net 34,067 177
Operating lease right-of-use asset 21,184 21,653
Other assets 3,783 2,445
Total assets 343,696 405,041
Current liabilities    
Accounts payable and accrued expenses 30,413 33,974
Accrued payroll 8,369 11,190
Warranty reserve - current 9,027 7,790
Operating lease liability - current 3,894 3,515
Deferred revenue - current 8,479 8,880
Income tax payable 200  
Total current liabilities 60,382 65,349
Long-term liabilities    
Warranty reserve - noncurrent 13,329 12,123
Operating lease liability - noncurrent 18,873 19,764
Earnout liability 3,178  
Deferred revenue - noncurrent 8,883 10,399
Deferred tax liability 8,421  
Total liabilities 113,066 107,635
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 authorized; 23,306,825 and 22,941,643 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 23 23
Additional paid-in capital 321,584 312,126
Accumulated deficit (90,394) (14,500)
Accumulated other comprehensive loss (583) (243)
Total stockholders' equity 230,630 297,406
Total liabilities and stockholders' equity $ 343,696 $ 405,041