Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 67,162 $ 229,783
Restricted cash 275 0
Marketable securities 51,289 0
Accounts receivable, net [1] 22,611 31,920
Inventory 9,507 10,257
Current portion of contract assets 3,707 2,852
Current portion of commission asset 4,339 3,384
Prepaid expenses and other current assets 16,954 14,388
Total current assets 175,844 292,584
Restricted cash, noncurrent 0 275
Contract assets, noncurrent 451 1,386
Commission asset, noncurrent 7,107 5,655
Property and equipment, net 112,921 44,707
Operating lease right-of-use assets 1,195 1,673
Other assets 1,202 1,835
Total assets 298,720 348,115
Current liabilities:    
Accounts payable 17,400 18,194
Accrued expenses and other current liabilities 15,578 11,545
Current portion of deferred revenue 47,677 18,273
Current portion of long-term debt 0 10,000
Current portion of operating lease liabilities 1,391 1,114
Total current liabilities 82,046 59,126
Deferred revenue, noncurrent 23,813 17,695
Long-term debt, noncurrent 0 19,683
Operating lease liabilities, noncurrent 0 892
Contingent earn-out liability 29,119 14,218
Contingently issuable common stock liability 6,530 3,392
Public warrant liability 10,889 6,124
Total liabilities 152,397 121,130
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 authorized at December 31, 2023 and December 31, 2022; no shares issued and outstanding at December 31, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 1,100,000,000 shares authorized at December 31, 2023 and December 31, 2022, 151,310,080 and 145,204,974 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 15 15
Additional paid-in capital 444,825 419,190
Accumulated other comprehensive loss (53) (10)
Accumulated deficit (298,464) (192,210)
Stockholders’ equity 146,323 226,985
Total liabilities and stockholders’ equity $ 298,720 $ 348,115
[1] Includes related party accounts receivable, net of $1.7 million and $14.6 million as of December 31, 2023 and December 31, 2022, respectively.