v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 82,654 $ 35,548
Restricted cash 2,000 4,000
Investments 18,947 5,980
Accounts receivable, net of allowance for doubtful accounts of $822 and $948, respectively 28,313 26,169
Inventory 46,074 42,373
Prepaid expenses and other assets 6,720 6,352
Total current assets 184,708 120,422
Property and equipment, net 83,038 81,783
Operating lease right-of-use assets 14,280 12,732
Intangible assets, net 7,270 6,750
Other assets 192 0
Total assets 289,488 221,687
Current liabilities:    
Accounts payable and accrued expenses 23,898 21,184
Current maturities of long-term lease obligations 2,115 2,372
Total current liabilities 26,013 23,556
Long-term debt, net of debt discount and financing fees 0 48,387
Long-term lease obligations 18,527 16,870
Debt derivative liabilities 0 3,886
Other long-term liabilities 140 141
Total liabilities 44,680 92,840
Commitments and contingencies - see Note 14
Shareholders’ equity:    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 53,153,471 and 47,199,797 shares issued and outstanding, respectively 532 472
Additional paid-in capital 570,823 435,338
Accumulated deficit (326,547) (306,963)
Total shareholders’ equity 244,808 128,847
Total liabilities and shareholders’ equity $ 289,488 $ 221,687