v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 73,224 $ 55,155
Accounts receivable, net 21,917 5,580
Inventories 4,679 6,574
Prepaid expenses and other current assets 6,884 1,454
Total current assets 106,704 68,763
Non-current assets:    
Property, plant and equipment, net 16,334 17,481
Operating lease right-of-use assets, net 32,178 33,512
Other assets 1,256 1,369
Total assets 156,472 121,125
Current liabilities:    
Accounts payable 7,843 7,424
Accrued and other current liabilities 4,291 4,832
Deferred revenue 705 1,638
Operating lease liabilities 3,215 3,316
Total current liabilities 16,054 17,210
Non-current liabilities:    
Operating lease liabilities 34,488 34,443
Deferred grant 2,738 0
Total liabilities 53,280 51,653
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock; $0.0001 par value; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock; $0.0001 par value; 950,000,000 shares authorized; 130,444,128 and 116,934,314 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 13 12
Additional paid-in capital 297,149 243,794
Accumulated other comprehensive loss (3) 0
Accumulated deficit (193,967) (174,334)
Total stockholders’ equity 103,192 69,472
Total liabilities and stockholders’ equity $ 156,472 $ 121,125

Source

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