| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $85.8M+113.8% | $40.1M |
| Restricted cash | $100K+0.0% | $100K |
| Short-term investments | $24.0M | $0 |
| Accounts receivable, net of allowances of $1,653 and $1,239, as of December 31, 2025 and December 31, 2024, respectively | $11.4M+67.9% | $6.8M |
| Inventory | $1.8M+85.4% | $995K |
| Prepaid expenses and other current assets | $3.6M+161.8% | $1.4M |
| Total current assets | $126.7M+156.7% | $49.4M |
| Property and equipment, net | $1.5M+471.9% | $260K |
| Operating lease right-of-use assets | $1.8M+11.1% | $1.6M |
| Other assets | $134K-76.4% | $569K |
| Total assets | $130.1M+151.1% | $51.8M |
| Accounts payable | $4.5M+85.8% | $2.4M |
| Accrued liabilities | $3.3M+22.3% | $2.7M |
| Accrued compensation | $5.8M+76.1% | $3.3M |
| Short-term operating lease liabilities | $752K+67.5% | $449K |
| Total current liabilities | $14.3M+61.9% | $8.8M |
| Long-term portion of term loan, net | $15.3M-0.4% | $15.4M |
| Long-term operating lease liabilities | $1.3M-0.1% | $1.3M |
| Warrant liabilities | $457K | — |
| Other long-term liabilities | $309K+39.2% | $222K |
| Total liabilities | $31.3M+19.2% | $26.2M |
| Preferred stock, $0.00001 par value; 10,000,000 shares authorized and zero shares issued and outstanding as of December 31, 2025; zero shares authorized, issued, and outstanding as of December 31, 2024 | $0 | $0 |
| Common stock, $0.00001 par value; 600,000,000 shares authorized, 26,664,200 shares issued, and 26,604,462 shares outstanding as of December 31, 2025; 21,835,801 shares authorized, 4,234,798 shares issued, and 4,139,219 shares outstanding as of December 31, 2024 | 0 | 0 |
| Additional paid-in capital | $199.7M+36808.3% | $541K |
| Accumulated deficit | -$100.8M-41.6% | -$71.2M |
| Total stockholders' equity (deficit) | $98.9M+240.0% | -$70.6M |
| Total liabilities, convertible preferred stock, and stockholders' equity (deficit) | $130.1M+151.1% | $51.8M |
| Series A Convertible Preferred Stock | ||
| Convertible preferred stock | $0-100.0% | $52.8M |
| Series B Convertible Preferred Stock | ||
| Series C Convertible Preferred Stock | ||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.