Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 106,476 $ 113,795
Marketable securities 16,747 0
Restricted cash 1,281 3,620
Accounts receivable, net 40,374 29,563
Inventories, net 25,075 24,812
Prepaid expenses and other current assets 13,762 13,661
Total current assets 203,715 185,451
Property and equipment, net 37,331 44,400
Goodwill 10,695 9,465
Intangible assets, net 32,049 30,493
Operating lease right-of-use asset 17,199 18,295
Other assets 6,020 8,081
Total assets 307,009 296,185
Current liabilities    
Accounts payable and accrued expenses 34,207 27,153
Accrued payroll 11,860 17,189
Warranty reserve - current 9,785 9,736
Operating lease liability - current 3,122 2,812
Earnout liability 0 13,000
Deferred revenue - current 5,970 6,654
Income tax payable 0 142
Total current liabilities 64,944 76,686
Long-term liabilities    
Warranty reserve - noncurrent 17,816 16,350
Operating lease liability - noncurrent 15,099 16,594
Deferred revenue - noncurrent 4,081 5,747
Deferred tax liability 7,894 6,948
Total liabilities 109,834 122,325
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 27,148,482 and 23,902,338 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 27 24
Additional paid-in capital 361,921 328,174
Accumulated deficit (168,457) (152,837)
Accumulated other comprehensive income (loss) 3,684 (1,501)
Total stockholders' equity 197,175 173,860
Total liabilities and stockholders' equity $ 307,009 $ 296,185