Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (40,194) $ (16,829)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 555 493
Amortization of debt discount 65
Loss on extinguishment of debt 0 2,092
Stock-based compensation 1,970 882
Changes in operating assets and liabilities:    
Accounts receivable, net (2,548) 371
Prepaid expenses and other (278) (617)
Other non-current assets (3,742)
Inventory 2,369 272
Accounts payable 1,533 (353)
Operating lease liabilities and ROU asset, net 80 (5)
Accrued expenses and other current liabilities (2,063) (2,950)
Net cash used in operating activities (42,318) (16,579)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,692) (6)
Net cash used in investing activities (1,692) (6)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of term loan (9,650)
Repurchase of common stock (3,047)
Proceeds from ESPP 79
Proceeds, net issuance costs paid of $676 and $2,270, from sale of common stock 20,126 62,230
Net cash provided by financing activities 20,205 49,533
Effect of currency rate change on cash 6 (9)
Net (decrease) increase in cash, cash equivalents and restricted cash (23,799) 32,939
Cash, cash equivalents and restricted cash beginning of the period 209,807 99,680
Cash, cash equivalents and restricted cash end of period 186,008 132,619
Supplemental disclosures of cash flow information:    
Interest paid 117
Purchases of property and equipment including in accounts payable and accrued liabilities $ 166