Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 180,996 $ 229,783
Restricted cash 1,000 0
Accounts receivable, net 23,156 31,920
Inventory 8,816 10,257
Current portion of contract assets 3,265 2,852
Current portion of commission asset 3,293 3,384
Prepaid expenses and other current assets 14,413 14,388
Total current assets 234,939 292,584
Restricted cash, noncurrent 275 275
Contract assets, noncurrent 715 1,386
Commission asset, noncurrent 6,390 5,655
Property and equipment, net 59,789 44,707
Operating lease right-of-use assets 1,459 1,673
Other assets 1,965 1,835
Total assets 305,532 348,115
Current liabilities:    
Accounts payable 19,192 18,194
Accrued expenses and other current liabilities 6,477 11,545
Current portion of deferred revenue 23,977 18,273
Current portion of long-term debt 0 10,000
Current portion of operating lease liabilities 1,122 1,114
Total current liabilities 50,768 59,126
Deferred revenue, noncurrent 20,748 17,695
Long-term debt, noncurrent 0 19,683
Operating lease liabilities, noncurrent 630 892
Contingent earn-out liability 17,536 14,218
Contingently issuable common stock liability 4,134 3,392
Public warrant liability 7,874 6,124
Total liabilities 101,690 121,130
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 authorized at March 31, 2023 and December 31, 2022; no shares issued and outstanding at March 31, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 1,100,000,000 shares authorized at March 31, 2023 and December 31, 2022; 147,977,034 and 145,204,974 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 15 15
Additional paid-in capital 424,672 419,190
Accumulated other comprehensive loss (26) (10)
Accumulated deficit (220,819) (192,210)
Stockholders’ equity 203,842 226,985
Total liabilities and stockholders’ equity $ 305,532 $ 348,115