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, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 44,596 $ 67,162
Restricted cash 0 275
Marketable securities 36,415 51,289
Accounts receivable, net [1] 22,030 22,611
Inventory 11,007 9,507
Current portion of contract assets 2,538 3,707
Current portion of commission asset 4,516 4,339
Prepaid expenses and other current assets 20,700 16,954
Total current assets 141,802 175,844
Restricted cash, noncurrent 275 0
Contract assets, noncurrent 307 451
Commission asset, noncurrent 7,000 7,107
Property and equipment, net 129,342 112,921
Operating lease right-of-use assets 2,535 1,195
Other assets 999 1,202
Total assets 282,260 298,720
Current liabilities:    
Accounts payable 15,584 17,400
Accrued expenses and other current liabilities 13,712 15,578
Current portion of deferred revenue 48,913 47,677
Current portion of operating lease liabilities 1,713 1,391
Total current liabilities 79,922 82,046
Deferred revenue, noncurrent 22,808 23,813
Operating lease liabilities, noncurrent 980 0
Contingent earn-out liability 22,220 29,119
Contingently issuable common stock liability 6,003 6,530
Public warrant liability 8,738 10,889
Total liabilities 140,671 152,397
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 authorized at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 1,100,000,000 shares authorized at March 31, 2024 and December 31, 2023; 155,356,947 and 151,310,080 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 16 15
Additional paid-in capital 451,731 444,825
Accumulated other comprehensive loss (50) (53)
Accumulated deficit (310,108) (298,464)
Stockholders’ equity 141,589 146,323
Total liabilities and stockholders’ equity $ 282,260 $ 298,720
[1] Includes related party accounts receivable, net of $2.1 million and $1.7 million as of March 31, 2024 and December 31, 2023, respectively.