Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 125,890 $ 229,783
Restricted cash 1,000 0
Marketable securities 29,647 0
Accounts receivable, net [1] 32,393 31,920
Inventory 5,032 10,257
Current portion of contract assets 4,732 2,852
Current portion of commission asset 3,648 3,384
Prepaid expenses and other current assets 13,808 14,388
Total current assets 216,150 292,584
Restricted cash, noncurrent 275 275
Contract assets, noncurrent 690 1,386
Commission asset, noncurrent 6,649 5,655
Property and equipment, net 81,085 44,707
Operating lease right-of-use assets 1,241 1,673
Other assets 1,878 1,835
Total assets 307,968 348,115
Current liabilities:    
Accounts payable 16,912 18,194
Accrued expenses and other current liabilities 10,821 11,545
Current portion of deferred revenue 39,366 18,273
Current portion of long-term debt 0 10,000
Current portion of operating lease liabilities 1,130 1,114
Total current liabilities 68,229 59,126
Deferred revenue, noncurrent 20,715 17,695
Long-term debt, noncurrent 0 19,683
Operating lease liabilities, noncurrent 363 892
Contingent earn-out liability 45,649 14,218
Contingently issuable common stock liability 9,229 3,392
Public warrant liability 19,625 6,124
Total liabilities 163,810 121,130
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 authorized at June 30, 2023 and December 31, 2022; no shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 1,100,000,000 shares authorized at June 30, 2023 and December 31, 2022; 149,790,742 and 145,204,974 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 15 15
Additional paid-in capital 431,759 419,190
Accumulated other comprehensive loss (43) (10)
Accumulated deficit (287,573) (192,210)
Stockholders’ equity 144,158 226,985
Total liabilities and stockholders’ equity $ 307,968 $ 348,115
[1] Includes related party accounts receivable, net of $3.8 million and $14.6 million as of June 30, 2023 and December 31, 2022, respectively.