v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 90,465 $ 55,155
Accounts receivable, net 23,737 5,580
Inventories 6,735 6,574
Prepaid expenses and other current assets 5,500 1,454
Total current assets 126,437 68,763
Non-current assets:    
Property, plant and equipment, net 9,680 17,481
Operating lease right-of-use assets, net 19,518 33,512
Other assets 1,256 1,369
Total assets 156,891 121,125
Current liabilities:    
Accounts payable 6,700 7,424
Accrued and other current liabilities 3,666 4,832
Deferred revenue 100 1,638
Deferred grant 2,738 0
Operating lease liabilities 4,665 3,316
Total current liabilities 17,869 17,210
Non-current liabilities:    
Operating lease liabilities 35,207 34,443
Total liabilities 53,076 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; 134,536,592 and 116,934,314 shares issued and outstanding at December 31, 2025 and 2024, respectively 13 12
Additional paid-in capital 322,156 243,794
Accumulated other comprehensive income 4 0
Accumulated deficit (218,358) (174,334)
Total stockholders’ equity 103,815 69,472
Total liabilities and stockholders’ equity $ 156,891 $ 121,125

Source

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