v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 62,352 $ 90,465
Accounts receivable, net 35,261 23,737
Inventories 8,246 6,735
Prepaid expenses and other current assets 8,095 5,500
Total current assets 113,954 126,437
Non-current assets:    
Property, plant and equipment, net 10,746 9,680
Operating lease right-of-use assets, net 6,022 19,518
Other assets 62 1,256
Total assets 130,784 156,891
Current liabilities:    
Accounts payable 8,882 6,700
Accrued and other current liabilities 3,170 3,666
Deferred grant 2,738 2,738
Deferred revenue 18 100
Operating lease liabilities 1,173 4,665
Total current liabilities 15,981 17,869
Non-current liabilities:    
Operating lease liabilities 5,389 35,207
Total liabilities 21,370 53,076
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; 139,284,061 and 134,536,592 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 13 13
Additional paid-in capital 332,795 322,156
Accumulated other comprehensive income 10 4
Accumulated deficit (223,404) (218,358)
Total stockholders’ equity 109,414 103,815
Total liabilities and stockholders’ equity $ 130,784 $ 156,891

Source

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