Aspen Aerogels, Inc(NYSE:ASPN) 
Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion...
Website: http://www.aerogel.com
Founded: 2001
Full Time Employees: 303
Founder: Kang P. Lee
CEO: Donald R. Young
Sector: Industrials
Industry: Building Products & Equipment
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-09-23 | 2014-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 37,884,000 | 41,339,000 | 73,017,000 | 78,024,000 | 78,723,000 | 123,088,000 | 117,340,000 | 117,770,000 | 94,501,000 | 84,219,000 | 60,755,000 | 48,158,000 | 45,586,000 | 59,611,000 | 36,706,000 | 45,640,000 | 38,407,000 | 31,475,000 | 30,380,000 | 31,670,000 | 28,097,000 | 23,018,000 | 24,195,000 | 24,641,000 | 28,419,000 | 46,505,000 | 35,425,000 | 29,533,000 | 27,912,000 | 35,679,000 | 23,937,000 | 21,671,000 | 23,074,000 | 36,362,000 | 27,198,000 | 25,069,000 | 23,002,000 | 27,639,000 | 29,560,000 | 27,718,000 | 32,821,000 | 37,384,000 | 31,539,000 | 30,096,000 | 23,500,000 | -74,312,601 | 25,437,000 | 25,437,000 | 26,615,000 |
yoy | -51.88% | -66.42% | -37.77% | -33.75% | -16.70% | 46.15% | 93.14% | 144.55% | 107.30% | 41.28% | 65.52% | 5.52% | 18.69% | 89.39% | 20.82% | 44.11% | 36.69% | 36.74% | 25.56% | 28.53% | -1.13% | -50.50% | -31.70% | -16.56% | 1.82% | 30.34% | 47.99% | 36.28% | 20.97% | -1.88% | -11.99% | -13.55% | 0.31% | 31.56% | -7.99% | -9.56% | -29.92% | -26.07% | -6.27% | -7.90% | 39.66% | -150.31% | 23.99% | 18.32% | -11.70% | ||||
qoq | -8.36% | -43.38% | -6.42% | -0.89% | -36.04% | 4.90% | -0.37% | 24.62% | 12.21% | 38.62% | 26.16% | 5.64% | -23.53% | 62.40% | -19.57% | 18.83% | 22.02% | 3.60% | -4.07% | 12.72% | 22.07% | -4.86% | -1.81% | -13.29% | -38.89% | 31.28% | 19.95% | 5.81% | -21.77% | 49.05% | 10.46% | -6.08% | -36.54% | 33.69% | 8.49% | 8.99% | -16.78% | -6.50% | 6.65% | -15.55% | -12.21% | 18.53% | 4.79% | 28.07% | -131.62% | -392.14% | 0.00% | -4.43% | |
cost of revenue | 33,608,000 | 64,268,000 | 52,218,000 | 52,708,000 | 55,911,000 | 75,955,000 | 68,297,000 | 66,192,000 | 59,358,000 | 54,601,000 | 46,945,000 | 39,751,000 | 40,500,000 | 45,277,000 | 43,065,000 | 46,851,000 | |||||||||||||||||||||||||||||||||
gross profit | 4,276,000 | -22,929,000 | 20,799,000 | 25,316,000 | 22,812,000 | 47,133,000 | 49,043,000 | 51,578,000 | 35,143,000 | 29,618,000 | 13,810,000 | 8,407,000 | 5,086,000 | 14,334,000 | -6,359,000 | -1,211,000 | -1,788,000 | -1,666,000 | 3,067,000 | 4,580,000 | 3,956,000 | 3,863,000 | 1,900,000 | 2,851,000 | 5,980,000 | 11,310,000 | 7,742,000 | 3,514,000 | 3,718,000 | 5,586,000 | 1,529,000 | 2,744,000 | 2,810,000 | 7,808,000 | 4,948,000 | 3,694,000 | 2,221,000 | 3,729,000 | 6,402,000 | 6,653,000 | 6,527,000 | 9,853,000 | 5,172,000 | 5,109,000 | 4,514,000 | -11,826,920 | 5,072,000 | 5,072,000 | 3,425,000 |
yoy | -81.26% | -148.65% | -57.59% | -50.92% | -35.09% | 59.14% | 255.13% | 513.51% | 590.98% | 106.63% | -317.17% | -794.22% | -384.45% | -960.38% | -307.34% | -126.44% | -145.20% | -143.13% | 61.42% | 60.65% | -33.85% | -65.84% | -75.46% | -18.87% | 60.84% | 102.47% | 406.34% | 28.06% | 32.31% | -28.46% | -69.10% | -25.72% | 26.52% | 109.39% | -22.71% | -44.48% | -65.97% | -62.15% | 23.78% | 30.22% | 44.59% | -183.31% | 1.97% | 0.73% | 31.80% | ||||
qoq | -118.65% | -210.24% | -17.84% | 10.98% | -51.60% | -3.89% | -4.91% | 46.77% | 18.65% | 114.47% | 64.27% | 65.30% | -64.52% | -325.41% | 425.10% | -32.27% | 7.32% | -154.32% | -33.03% | 15.77% | 2.41% | 103.32% | -33.36% | -52.32% | -47.13% | 46.09% | 120.32% | -5.49% | -33.44% | 265.34% | -44.28% | -2.35% | -64.01% | 57.80% | 33.95% | 66.32% | -40.44% | -41.75% | -3.77% | 1.93% | -33.76% | 90.51% | 1.23% | 13.18% | -138.17% | -333.18% | 0.00% | 48.09% | |
gross margin % | 11.29% | -55.47% | 28.49% | 32.45% | 28.98% | 38.29% | 41.80% | 43.80% | 37.19% | 35.17% | 22.73% | 17.46% | 11.16% | 24.05% | -17.32% | -2.65% | -4.66% | -5.29% | 10.10% | 14.46% | 14.08% | 16.78% | 7.85% | 11.57% | 21.04% | 24.32% | 21.85% | 11.90% | 13.32% | 15.66% | 6.39% | 12.66% | 12.18% | 21.47% | 18.19% | 14.74% | 9.66% | 13.49% | 21.66% | 24.00% | 19.89% | 26.36% | 16.40% | 16.98% | 19.21% | 15.92% | 19.94% | 19.94% | 12.87% |
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 2,724,000 | 2,795,000 | 2,494,000 | 3,794,000 | 4,333,000 | 4,405,000 | 4,591,000 | 4,565,000 | 4,489,000 | 4,075,000 | 4,218,000 | 3,964,000 | 4,099,000 | 4,197,000 | 4,694,000 | 4,447,000 | 3,592,000 | 3,313,000 | 3,077,000 | 2,609,000 | 2,442,000 | 2,293,000 | 2,088,000 | 2,121,000 | 2,227,000 | 2,565,000 | 2,046,000 | 1,868,000 | 1,928,000 | 1,692,000 | 1,384,000 | 1,638,000 | 1,605,000 | 1,427,000 | 1,468,000 | 1,709,000 | 1,576,000 | 1,382,000 | 1,328,000 | 1,286,000 | 1,310,000 | 1,252,000 | 1,146,000 | 1,551,000 | 1,304,000 | -4,455,020 | 1,258,000 | 1,258,000 | 1,920,000 |
sales and marketing | 6,668,000 | 6,315,000 | 6,553,000 | 6,948,000 | 8,384,000 | 8,547,000 | 9,306,000 | 9,521,000 | 8,303,000 | 8,782,000 | 8,386,000 | 8,127,000 | 7,713,000 | 7,848,000 | 7,293,000 | 7,633,000 | 6,018,000 | 4,797,000 | 4,915,000 | 3,568,000 | 3,301,000 | 2,702,000 | 2,755,000 | 2,972,000 | 3,324,000 | 4,545,000 | 3,992,000 | 3,509,000 | 3,511,000 | 3,513,000 | 3,061,000 | 3,721,000 | 3,499,000 | 3,333,000 | 2,745,000 | 3,416,000 | 3,110,000 | 2,871,000 | 3,056,000 | 2,821,000 | 3,062,000 | 2,715,000 | 2,793,000 | 2,722,000 | 2,332,000 | -7,860,710 | 2,213,000 | 2,213,000 | 3,420,000 |
general and administrative | 15,291,000 | 15,372,000 | 13,532,000 | 13,836,000 | 13,034,000 | 18,660,000 | 17,746,000 | 17,506,000 | 17,213,000 | 15,378,000 | 15,840,000 | 13,360,000 | 12,182,000 | 11,955,000 | 9,963,000 | 9,355,000 | 7,226,000 | 6,536,000 | 6,573,000 | 5,017,000 | 4,388,000 | 4,999,000 | 3,761,000 | 3,406,000 | 3,515,000 | 5,030,000 | 3,857,000 | 3,352,000 | 4,240,000 | 6,967,000 | 3,453,000 | 4,240,000 | 4,456,000 | 4,669,000 | 3,765,000 | 4,002,000 | 6,587,000 | 5,186,000 | 4,422,000 | 3,894,000 | 3,913,000 | 4,202,000 | 3,709,000 | 3,534,000 | 3,623,000 | -12,877,147 | 3,966,000 | 3,966,000 | 6,206,000 |
restructuring and demobilization costs | 427,000 | 1,214,000 | 1,568,000 | 4,938,000 | 9,790,000 | ||||||||||||||||||||||||||||||||||||||||||||
impairment of property, plant and equipment | 3,597,000 | 955,000 | 286,612,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 25,110,000 | 47,455,000 | 24,147,000 | 30,471,000 | 322,153,000 | 32,420,000 | 31,643,000 | 31,592,000 | 32,707,000 | 28,235,000 | 28,444,000 | 25,451,000 | 23,994,000 | 24,000,000 | 21,950,000 | 21,435,000 | 16,836,000 | 14,646,000 | 14,565,000 | 11,194,000 | 10,131,000 | 9,994,000 | 8,604,000 | 8,499,000 | 9,066,000 | 12,140,000 | 9,895,000 | 8,729,000 | 9,679,000 | 19,528,000 | 7,898,000 | 9,599,000 | 9,560,000 | 9,429,000 | 7,978,000 | 9,127,000 | 11,273,000 | 9,439,000 | 8,806,000 | 8,001,000 | 8,285,000 | 8,169,000 | 7,648,000 | 7,807,000 | 7,259,000 | -25,192,877 | 7,437,000 | 7,437,000 | 11,546,000 |
income from operations | -20,834,000 | -70,384,000 | -3,348,000 | -5,155,000 | -299,341,000 | 14,713,000 | 17,400,000 | 19,986,000 | 2,436,000 | 1,383,000 | -14,634,000 | -17,044,000 | -18,908,000 | -9,666,000 | -28,309,000 | -22,646,000 | -18,624,000 | -16,312,000 | -11,498,000 | -6,614,000 | -6,175,000 | -6,131,000 | -6,704,000 | -5,648,000 | -3,086,000 | -830,000 | -2,153,000 | -5,215,000 | -5,961,000 | -13,942,000 | -6,369,000 | -6,855,000 | -6,750,000 | -1,621,000 | -3,030,000 | -5,433,000 | -9,052,000 | -5,710,000 | -2,404,000 | -1,348,000 | -1,758,000 | 1,684,000 | -2,476,000 | -2,698,000 | -2,745,000 | 13,365,957 | -2,365,000 | -2,365,000 | -8,121,000 |
yoy | -93.04% | -578.38% | -119.24% | -125.79% | -12388.22% | 963.85% | -218.90% | -217.26% | -112.88% | -114.31% | -48.31% | -24.74% | 1.52% | -40.74% | 146.21% | 242.39% | 201.60% | 166.06% | 71.51% | 17.10% | 100.10% | 638.67% | 211.38% | 8.30% | -48.23% | -94.05% | -66.20% | -23.92% | -11.69% | 760.09% | 110.20% | 26.17% | -25.43% | -71.61% | 26.04% | 303.04% | 414.90% | -439.07% | -2.91% | -50.04% | -35.96% | -87.40% | 4.69% | 14.08% | -66.20% | ||||
qoq | -70.40% | 2002.27% | -35.05% | -98.28% | -2134.53% | -15.44% | -12.94% | 720.44% | 76.14% | -109.45% | -14.14% | -9.86% | 95.61% | -65.86% | 25.01% | 21.60% | 14.17% | 41.87% | 73.84% | 7.11% | 0.72% | -8.55% | 18.70% | 83.02% | 271.81% | -61.45% | -58.72% | -12.51% | -57.24% | 118.90% | -7.09% | 1.56% | 316.41% | -46.50% | -44.23% | -39.98% | 58.53% | 137.52% | 78.34% | -23.32% | -204.39% | -168.01% | -8.23% | -1.71% | -120.54% | -665.16% | 0.00% | -70.88% | |
operating margin % | -54.99% | -170.26% | -4.59% | -6.61% | -380.25% | 11.95% | 14.83% | 16.97% | 2.58% | 1.64% | -24.09% | -35.39% | -41.48% | -16.22% | -77.12% | -49.62% | -48.49% | -51.83% | -37.85% | -20.88% | -21.98% | -26.64% | -27.71% | -22.92% | -10.86% | -1.78% | -6.08% | -17.66% | -21.36% | -39.08% | -26.61% | -31.63% | -29.25% | -4.46% | -11.14% | -21.67% | -39.35% | -20.66% | -8.13% | -4.86% | -5.36% | 4.50% | -7.85% | -8.96% | -11.68% | -17.99% | -9.30% | -9.30% | -30.51% |
other income | 41,000 | 75,000 | 581,000 | 1,130,000 | |||||||||||||||||||||||||||||||||||||||||||||
interest expense | -3,151,000 | -2,003,750 | -2,973,000 | 146,000 | -41,000 | -41,000 | -58,000 | -55,000 | -75,000 | -58,000 | -49,000 | -50,000 | -83,000 | -126,000 | -136,000 | -103,000 | -41,000 | -166,000 | -163,000 | -103,000 | -92,000 | -62,000 | -58,000 | -39,000 | -26,000 | -32,000 | -37,000 | -39,000 | -39,000 | -34,000 | -46,000 | -45,000 | -12,556,250 | -47,000 | -47,000 | -34,027,000 | |||||||||||||
total other expense | -3,110,000 | -1,576,000 | -2,392,000 | -3,080,000 | -832,000 | -62,000 | -58,000 | -32,000 | -693,000 | -47,000 | -34,027,000 | ||||||||||||||||||||||||||||||||||||||
income before income taxes | -23,944,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income | -23,691,000 | -72,913,000 | -6,334,000 | -9,056,000 | -301,249,000 | 11,362,000 | -12,970,000 | 16,818,000 | -1,835,000 | -519,000 | -13,073,000 | -15,423,000 | -16,796,000 | -9,609,000 | -29,595,000 | -24,050,000 | -19,484,000 | -16,353,000 | -7,822,000 | -6,669,000 | -6,250,000 | -6,189,000 | -6,753,000 | -5,698,000 | -3,169,000 | -956,000 | -2,289,000 | -5,318,000 | -6,002,000 | -14,108,000 | -6,532,000 | -6,958,000 | -6,842,000 | -1,683,000 | -3,088,000 | -5,472,000 | -9,078,000 | -5,742,000 | -3,097,000 | -1,387,000 | -1,797,000 | 1,638,000 | -2,522,000 | -2,743,000 | -2,790,000 | 63,540,676 | -2,412,000 | -2,412,000 | -42,148,000 |
yoy | -92.14% | -741.73% | -51.16% | -153.85% | 16316.84% | -2289.21% | -0.79% | -209.04% | -89.07% | -94.60% | -55.83% | -35.87% | -13.80% | -41.24% | 278.36% | 260.62% | 211.74% | 164.23% | 15.83% | 17.04% | 97.22% | 547.38% | 195.02% | 7.15% | -47.20% | -93.22% | -64.96% | -23.57% | -12.28% | 738.27% | 111.53% | 27.16% | -24.63% | -70.69% | -0.29% | 294.52% | 405.18% | -450.55% | 22.80% | -49.43% | -35.59% | -97.42% | 4.56% | 13.72% | -93.38% | ||||
qoq | -67.51% | 1051.14% | -30.06% | -96.99% | -2751.37% | -187.60% | -177.12% | -1016.51% | 253.56% | -96.03% | -15.24% | -8.17% | 74.79% | -67.53% | 23.06% | 23.43% | 19.15% | 109.06% | 17.29% | 6.70% | 0.99% | -8.35% | 18.52% | 79.80% | 231.49% | -58.24% | -56.96% | -11.40% | -57.46% | 115.98% | -6.12% | 1.70% | 306.54% | -45.50% | -43.57% | -39.72% | 58.10% | 85.41% | 123.29% | -22.82% | -209.71% | -164.95% | -8.06% | -1.68% | -104.39% | -2734.36% | 0.00% | -94.28% | |
net income margin % | -62.54% | -176.38% | -8.67% | -11.61% | -382.67% | 9.23% | -11.05% | 14.28% | -1.94% | -0.62% | -21.52% | -32.03% | -36.84% | -16.12% | -80.63% | -52.70% | -50.73% | -51.96% | -25.75% | -21.06% | -22.24% | -26.89% | -27.91% | -23.12% | -11.15% | -2.06% | -6.46% | -18.01% | -21.50% | -39.54% | -27.29% | -32.11% | -29.65% | -4.63% | -11.35% | -21.83% | -39.47% | -20.77% | -10.48% | -5.00% | -5.48% | 4.38% | -8.00% | -9.11% | -11.87% | -85.50% | -9.48% | -9.48% | -158.36% |
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.29 | -3.67 | -0.02 | -0.01 | -0.19 | -0.22 | -0.24 | -0.07 | -0.75 | -0.68 | -0.59 | -0.52 | -0.24 | -0.23 | -0.22 | -0.23 | -0.25 | -0.21 | -0.13 | -0.03 | -0.09 | -0.22 | -0.25 | -0.59 | -0.27 | -0.29 | -0.29 | -0.19 | -0.13 | -0.23 | -0.39 | ||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 82,742,789 | 82,065,676 | 75,762,893 | 69,439,034 | 69,317,805 | 69,249,281 | 69,162,739 | 39,363,114 | 39,533,695 | 35,207,975 | 32,940,040 | 30,433,154 | 32,523,405 | 28,501,044 | 27,983,470 | 26,377,652 | 26,728,205 | 26,521,861 | 25,194,292 | 24,099,438 | 24,171,811 | 24,118,620 | 23,930,613 | 23,738,852 | 23,808,703 | 23,743,358 | 23,567,019 | 23,442,241 | 23,369,179 | 23,257,541 | 23,168,251 | 23,111,127 | 23,063,471 | 23,060,456 | 22,999,988 | 22,992,273 | |||||||||||||
interest expense, convertible note - related party | -1,469,000 | -3,043,000 | -3,038,000 | -2,904,000 | -1,938,000 | -211,000 | -275,000 | -1,007,000 | -1,734,000 | -1,550,000 | -819,000 | ||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -27,487,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax expense | -73,010,000 | -5,740,000 | -8,235,000 | 11,187,000 | -12,703,000 | 17,684,000 | |||||||||||||||||||||||||||||||||||||||||||
income tax expense | 97,000 | -594,000 | -821,000 | -1,076,000 | 175,000 | -267,000 | -866,000 | -756,000 | |||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.88 | -0.08 | -0.11 | 0.14 | -0.17 | 0.22 | -0.068 | -0.13 | -0.06 | -0.08 | |||||||||||||||||||||||||||||||||||||||
diluted | -0.88 | -0.08 | -0.11 | 0.14 | -0.17 | 0.21 | -0.068 | -0.13 | -0.06 | -0.08 | |||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 82,328,484 | 82,399,599 | 82,179,136 | 77,535,121 | 76,261,294 | 76,336,811 | 23,390,235 | 23,139,807 | 22,986,931 | 12,349,456 | 22,997,060 | 22,997,060 | 3,035,717 | ||||||||||||||||||||||||||||||||||||
diluted | 82,328,484 | 82,399,599 | 82,179,136 | 80,306,690 | 76,261,294 | 78,981,383 | 23,390,235 | 23,139,807 | 22,986,931 | 12,349,456 | 22,997,060 | 22,997,060 | 3,035,717 | ||||||||||||||||||||||||||||||||||||
interest income | -3,080,000 | -1,962,000 | -3,526,000 | -1,147,000 | 741,000 | -477,000 | 1,002,000 | 1,313,000 | 1,832,000 | 2,387,000 | 1,064,000 | 448,000 | -45,000 | ||||||||||||||||||||||||||||||||||||
loss before income tax expense | -300,173,000 | -1,079,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment of equipment under development | 808,000 | 2,702,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income from employee retention credits | 2,186,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -3,526,000 | -30,103,000 | -2,302,000 | -3,515,000 | -1,902,000 | 1,561,000 | 1,621,000 | 2,112,000 | 57,000 | -1,286,000 | -1,404,000 | -860,000 | -41,000 | 3,676,000 | 50,174,719 | -47,000 | |||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 3,734,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||
product | 38,330,000 | 31,303,000 | 30,263,000 | 31,490,000 | 28,056,000 | 23,062,000 | 23,939,000 | 24,526,000 | 28,307,000 | 46,195,000 | 35,046,000 | 28,908,000 | 26,785,000 | 35,145,000 | 23,342,000 | 21,115,000 | 22,521,000 | 35,890,000 | 26,812,000 | 24,562,000 | 22,326,000 | 27,204,000 | 28,877,000 | 27,123,000 | 32,286,000 | 36,641,000 | 30,926,000 | 29,755,000 | 23,211,000 | -71,875,741 | 24,589,000 | 24,589,000 | 25,893,000 | ||||||||||||||||
research services | 77,000 | 172,000 | 117,000 | 180,000 | 41,000 | -44,000 | 256,000 | 115,000 | 112,000 | 310,000 | 379,000 | 625,000 | 1,127,000 | 534,000 | 595,000 | 556,000 | 553,000 | 472,000 | 386,000 | 507,000 | 676,000 | 435,000 | 683,000 | 595,000 | 535,000 | 743,000 | 613,000 | 341,000 | 289,000 | -2,436,860 | 848,000 | 848,000 | 722,000 | ||||||||||||||||
cost of revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||
total interest expense | -55,000 | -75,000 | -45,500 | -49,000 | -50,000 | -83,000 | -70,000 | -136,000 | -103,000 | -41,000 | -89,500 | -163,000 | -103,000 | -92,000 | -39,000 | -26,000 | -39,000 | -39,000 | -34,000 | -46,000 | -45,000 | ||||||||||||||||||||||||||||
other expense | |||||||||||||||||||||||||||||||||||||||||||||||||
postponed financing costs | -164,000 | -656,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -2,013,750 | -2,522,000 | -2,743,000 | -2,790,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders per share: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.088 | -0.11 | -0.12 | -0.12 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.088 | -0.11 | -0.12 | -0.12 | |||||||||||||||||||||||||||||||||||||||||||||
total interest income | -45,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||
loss on exchange of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||
costs associated with postponed public offering | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 63,540,676 | -2,412,000 | -2,412,000 | -42,148,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1.89 | -0.1 | -0.1 | -13.88 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | 1.89 | -0.1 | -0.1 | -13.88 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-09-23 | 2014-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 173,870,000 | 156,857,000 | 150,722,000 | 167,622,000 | 192,039,000 | 220,882,000 | 113,489,000 | 91,381,000 | 101,461,000 | 139,723,000 | 94,643,000 | 134,298,000 | 207,539,000 | 281,335,000 | 102,398,000 | 162,185,000 | 205,177,000 | 76,564,000 | 95,531,000 | 102,257,000 | 17,219,000 | 16,496,000 | 11,314,000 | 13,359,000 | 11,786,000 | 3,633,000 | 1,195,000 | 3,322,000 | 3,369,000 | 3,327,000 | 5,177,000 | 7,286,000 | 9,615,000 | 10,694,000 | 7,305,000 | 6,951,000 | 11,228,000 | 18,086,000 | 21,129,000 | 19,737,000 | 29,357,000 | 32,804,000 | 29,964,000 | 29,575,000 | 33,010,000 | 49,719,000 | |||
restricted cash | 1,713,000 | 1,713,000 | 1,710,000 | 410,000 | 394,000 | 394,000 | 394,000 | 394,000 | 157,000 | 248,000 | 320,000 | 320,000 | 629,000 | 1,226,000 | |||||||||||||||||||||||||||||||||||
accounts receivable | 36,438,000 | 35,270,000 | 69,149,000 | 76,167,000 | 77,355,000 | 109,104,000 | 115,199,000 | 116,928,000 | 84,029,000 | 69,995,000 | 54,413,000 | 44,167,000 | 47,280,000 | 57,350,000 | 27,117,000 | 29,481,000 | 24,533,000 | 20,426,000 | 18,723,000 | 19,366,000 | 20,668,000 | 15,698,000 | 20,072,000 | 19,168,000 | 20,455,000 | 32,254,000 | 24,362,000 | 22,166,000 | 22,287,000 | 25,565,000 | 21,461,000 | 20,106,000 | 20,134,000 | 26,764,000 | 17,106,000 | 16,492,000 | 17,248,000 | 17,535,000 | 19,625,000 | 24,734,000 | 23,207,000 | 20,624,000 | 24,491,000 | 19,957,000 | 19,260,000 | 17,924,000 | 20,067,000 | 20,067,000 | 18,549,000 |
inventories | 31,054,000 | 38,249,000 | 43,037,000 | 52,115,000 | 56,739,000 | 47,551,000 | 47,430,000 | 53,030,000 | 45,750,000 | 39,189,000 | 34,421,000 | 33,289,000 | 27,007,000 | 22,538,000 | 20,600,000 | 17,000,000 | 15,505,000 | 11,987,000 | 9,712,000 | 9,438,000 | 10,847,000 | 13,099,000 | 9,427,000 | 9,452,000 | 13,432,000 | 8,768,000 | 13,459,000 | 13,099,000 | 9,268,000 | 7,318,000 | 9,909,000 | 12,822,000 | 9,974,000 | 8,915,000 | 13,992,000 | 13,255,000 | 15,132,000 | 12,868,000 | 12,902,000 | 11,788,000 | 6,139,000 | 6,532,000 | 6,629,000 | 6,075,000 | 5,905,000 | 4,897,000 | 6,349,000 | 6,349,000 | 5,490,000 |
prepaid expenses and other current assets | 10,896,000 | 9,964,000 | 14,299,000 | 14,153,000 | 17,359,000 | 31,517,000 | 29,344,000 | 26,804,000 | 23,708,000 | 17,176,000 | 16,568,000 | 15,962,000 | 13,581,000 | 7,236,000 | 6,159,000 | 4,616,000 | 2,835,000 | 3,173,000 | 3,167,000 | 2,071,000 | 1,152,000 | 1,830,000 | 1,595,000 | 1,391,000 | 917,000 | 1,114,000 | 1,512,000 | 1,320,000 | 916,000 | 1,041,000 | 1,410,000 | 1,190,000 | 1,088,000 | 1,289,000 | 1,478,000 | 1,343,000 | 1,192,000 | 1,697,000 | 1,831,000 | 1,635,000 | 707,000 | 1,687,000 | 1,837,000 | 2,105,000 | 1,195,000 | 836,000 | 1,025,000 | 1,025,000 | 1,065,000 |
total current assets | 253,971,000 | 242,053,000 | 278,917,000 | 310,467,000 | 343,886,000 | 409,448,000 | 305,856,000 | 288,537,000 | 255,105,000 | 266,331,000 | 200,365,000 | 228,036,000 | 296,036,000 | 369,685,000 | 156,274,000 | 213,282,000 | 248,050,000 | 112,150,000 | 127,133,000 | 133,132,000 | 49,886,000 | 47,123,000 | 42,408,000 | 43,370,000 | 46,590,000 | 45,769,000 | 40,528,000 | 39,907,000 | 35,840,000 | 37,251,000 | 37,957,000 | 41,404,000 | 40,811,000 | 47,662,000 | 39,881,000 | 38,041,000 | 44,800,000 | 50,186,000 | 55,487,000 | 57,894,000 | 59,410,000 | 61,647,000 | 62,921,000 | 60,216,000 | 61,871,000 | 73,376,000 | 81,092,000 | 81,092,000 | 82,021,000 |
property, plant and equipment | 93,741,000 | 98,400,000 | 154,370,000 | 156,271,000 | 179,282,000 | 459,276,000 | 451,569,000 | 437,973,000 | 422,736,000 | 417,227,000 | 385,026,000 | 368,270,000 | 312,068,000 | 259,223,000 | 210,113,000 | 122,206,000 | 77,720,000 | 55,778,000 | 46,706,000 | 46,085,000 | 45,747,000 | 46,739,000 | 48,099,000 | 50,132,000 | 51,834,000 | 53,617,000 | 55,163,000 | 57,319,000 | 59,648,000 | 61,699,000 | 71,000,000 | 71,988,000 | 73,292,000 | 76,067,000 | 78,073,000 | 80,523,000 | 82,719,000 | 84,394,000 | 81,905,000 | 81,146,000 | 79,539,000 | 78,322,000 | 77,424,000 | 78,149,000 | 79,520,000 | 71,492,000 | 65,879,000 | 65,879,000 | 59,162,000 |
assets held for sale | 32,569,000 | 32,712,000 | 25,504,000 | 26,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 17,039,000 | 18,014,000 | 17,557,000 | 18,318,000 | 19,103,000 | 20,854,000 | 20,373,000 | 18,671,000 | 16,824,000 | 17,212,000 | 17,400,000 | 18,380,000 | 10,218,000 | 11,990,000 | 16,323,000 | 17,892,000 | 12,996,000 | 13,531,000 | 12,522,000 | 11,990,000 | 4,109,000 | 3,478,000 | 3,702,000 | 3,949,000 | 3,941,000 | 4,032,000 | 4,277,000 | 4,461,000 | 4,562,000 | ||||||||||||||||||||
finance lease right-of-use assets | 5,838,000 | 6,131,000 | 6,423,000 | 5,627,000 | 5,934,000 | ||||||||||||||||||||||||||||||||||||||||||||
other long-term assets | 7,318,000 | 9,369,000 | 8,624,000 | 7,949,000 | 6,771,000 | 5,566,000 | 4,789,000 | 3,448,000 | 3,324,000 | 2,278,000 | 2,355,000 | 2,388,000 | 2,410,000 | 2,518,000 | 2,704,000 | 2,554,000 | 2,240,000 | 1,495,000 | 1,311,000 | 1,017,000 | 132,000 | 84,000 | 88,000 | 94,000 | 100,000 | 84,000 | 86,000 | 75,000 | 71,000 | 73,000 | 76,000 | 79,000 | 83,000 | 86,000 | 84,000 | 94,000 | 97,000 | 89,000 | 105,000 | ||||||||||
total assets | 410,476,000 | 406,679,000 | 491,395,000 | 525,132,000 | 554,976,000 | 895,144,000 | 782,587,000 | 748,629,000 | 697,989,000 | 703,048,000 | 605,146,000 | 617,074,000 | 620,732,000 | 643,416,000 | 385,414,000 | 355,934,000 | 341,006,000 | 182,954,000 | 187,672,000 | 192,224,000 | 99,874,000 | 97,424,000 | 94,297,000 | 97,545,000 | 102,465,000 | 103,502,000 | 100,054,000 | 101,762,000 | 100,121,000 | 99,023,000 | 109,033,000 | 113,471,000 | 114,186,000 | 123,815,000 | 118,038,000 | 118,658,000 | 127,616,000 | 134,669,000 | 137,471,000 | 139,187,000 | 139,043,000 | 140,074,000 | 140,445,000 | 138,488,000 | 141,521,000 | 145,043,000 | 147,196,000 | 147,196,000 | 141,486,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 13,611,000 | 13,243,000 | 19,098,000 | 27,004,000 | 39,931,000 | 44,361,000 | 42,280,000 | 57,246,000 | 44,713,000 | 51,094,000 | 37,115,000 | 48,063,000 | 52,822,000 | 54,728,000 | 58,323,000 | 51,126,000 | 30,069,000 | 17,440,000 | 9,820,000 | 9,522,000 | 6,968,000 | 5,351,000 | 8,354,000 | 4,713,000 | 8,717,000 | 12,596,000 | 9,097,000 | 10,028,000 | 8,571,000 | 12,392,000 | 7,884,000 | 8,395,000 | 7,032,000 | 10,653,000 | 8,886,000 | 8,408,000 | 14,169,000 | 13,065,000 | 11,544,000 | 12,208,000 | 12,745,000 | 10,684,000 | 9,594,000 | 9,791,000 | 13,390,000 | 14,202,000 | 14,736,000 | 14,736,000 | 8,872,000 |
accrued expenses | 17,967,000 | 12,952,000 | 15,585,000 | 15,564,000 | 16,681,000 | 36,495,000 | 26,531,000 | 19,684,000 | 12,762,000 | 22,811,000 | 16,694,000 | 10,672,000 | 9,763,000 | 16,003,000 | 12,737,000 | 10,973,000 | 7,737,000 | 10,819,000 | 9,791,000 | 6,967,000 | 5,306,000 | 3,884,000 | 4,081,000 | 4,092,000 | 3,616,000 | 8,057,000 | 4,539,000 | 4,045,000 | 4,230,000 | 3,864,000 | 3,529,000 | 4,710,000 | 3,939,000 | 5,862,000 | 4,685,000 | 4,751,000 | 4,112,000 | 3,987,000 | 4,145,000 | 4,114,000 | 3,441,000 | 5,568,000 | 4,465,000 | 4,081,000 | 3,325,000 | 5,588,000 | 4,705,000 | 4,705,000 | 3,918,000 |
deferred revenue | 21,971,000 | 1,259,000 | 824,000 | 624,000 | 2,645,000 | 2,199,000 | 2,405,000 | 3,095,000 | 3,130,000 | 2,316,000 | 5,463,000 | 4,634,000 | 3,974,000 | 5,846,000 | 2,356,000 | 1,616,000 | 1,201,000 | 1,321,000 | 1,722,000 | 1,870,000 | 2,061,000 | 2,037,000 | 2,275,000 | 3,412,000 | 4,840,000 | 5,620,000 | 6,149,000 | 6,915,000 | 3,579,000 | 2,629,000 | 2,811,000 | 1,540,000 | 1,019,000 | 1,304,000 | 1,608,000 | 806,000 | 789,000 | 1,043,000 | 753,000 | 449,000 | 431,000 | 681,000 | 5,601,000 | 2,531,000 | 1,362,000 | 292,000 | 1,440,000 | 1,440,000 | 959,000 |
finance obligation for sale and leaseback transactions | 5,133,000 | 4,443,000 | 4,265,000 | 4,094,000 | 3,929,000 | 4,028,000 | 3,653,000 | 1,254,000 | 1,206,000 | ||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 3,077,000 | 3,245,000 | 3,243,000 | 3,315,000 | 3,339,000 | 3,279,000 | 3,181,000 | 2,151,000 | 1,769,000 | 1,874,000 | 1,986,000 | 2,256,000 | 2,267,000 | 2,368,000 | 2,541,000 | 2,488,000 | 2,194,000 | 2,247,000 | 2,324,000 | 1,596,000 | 1,152,000 | 1,046,000 | 1,056,000 | 1,091,000 | 1,069,000 | 1,038,000 | 1,051,000 | 1,057,000 | 976,000 | ||||||||||||||||||||
finance lease liabilities | 1,813,000 | 1,768,000 | 1,724,000 | 1,445,000 | 1,408,000 | ||||||||||||||||||||||||||||||||||||||||||||
long term debt - current portion | 24,231,000 | 25,115,000 | 26,000,000 | 26,000,000 | 13,500,000 | 19,750,000 | 26,250,000 | ||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 87,803,000 | 62,025,000 | 70,739,000 | 78,046,000 | 81,433,000 | 110,112,000 | 104,300,000 | 83,430,000 | 63,580,000 | 78,095,000 | 61,258,000 | 65,625,000 | 68,826,000 | 78,945,000 | 80,957,000 | 71,203,000 | 46,201,000 | 36,555,000 | 28,272,000 | 28,160,000 | 22,903,000 | 13,927,000 | 16,133,000 | 13,308,000 | 18,242,000 | 30,434,000 | 25,699,000 | 24,930,000 | 20,681,000 | 23,066,000 | 19,380,000 | 18,395,000 | 15,740,000 | 21,569,000 | 15,183,000 | 13,977,000 | 19,090,000 | 18,130,000 | 16,483,000 | 16,818,000 | 16,912,000 | 17,409,000 | 20,554,000 | 16,515,000 | 18,204,000 | 20,208,000 | 21,007,000 | 21,007,000 | 13,825,000 |
revolving line of credit | 7,061,000 | 14,346,000 | 14,252,000 | 28,989,000 | 28,956,000 | 42,131,000 | 42,735,000 | 3,123,000 | 4,863,000 | 2,885,000 | 3,325,000 | 4,181,000 | 5,156,000 | 3,750,000 | 3,750,000 | 3,750,000 | |||||||||||||||||||||||||||||||||
long term debt | 61,244,000 | 65,455,000 | 70,090,000 | 77,265,000 | 95,416,000 | 94,961,000 | 93,674,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred revenue long-term | 14,607,000 | 915,000 | 1,942,000 | 900,000 | 927,000 | 488,000 | |||||||||||||||||||||||||||||||||||||||||||
finance obligation for sale and leaseback transactions long-term | 3,220,000 | 4,953,000 | 6,133,000 | 7,266,000 | 8,353,000 | 10,087,000 | 10,486,000 | 3,224,000 | 3,556,000 | ||||||||||||||||||||||||||||||||||||||||
operating lease liabilities long-term | 20,271,000 | 21,138,000 | 20,745,000 | 21,494,000 | 22,305,000 | 23,148,000 | 23,742,000 | 23,074,000 | 21,620,000 | 21,906,000 | 21,987,000 | 22,289,000 | 12,948,000 | 13,456,000 | 16,833,000 | 17,256,000 | 12,556,000 | 12,991,000 | 11,508,000 | 11,482,000 | 4,077,000 | 3,597,000 | 3,845,000 | 4,091,000 | 4,139,000 | 4,292,000 | 4,554,000 | 4,762,000 | 4,926,000 | ||||||||||||||||||||
finance lease liabilities long-term | 2,773,000 | 3,244,000 | 3,703,000 | 3,304,000 | 3,679,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 196,979,000 | 171,161,000 | 185,662,000 | 216,364,000 | 240,142,000 | 280,439,000 | 274,937,000 | 230,802,000 | 206,786,000 | 214,993,000 | 195,333,000 | 197,103,000 | 188,190,000 | 195,981,000 | 203,008,000 | 191,180,000 | 159,395,000 | 54,546,000 | 45,214,000 | 45,076,000 | 33,231,000 | 29,572,000 | 33,410,000 | 31,014,000 | 32,096,000 | 44,512,000 | 40,988,000 | 41,418,000 | 35,445,000 | 28,769,000 | 25,540,000 | 24,546,000 | 19,453,000 | 22,872,000 | 16,515,000 | 15,312,000 | 20,172,000 | 19,105,000 | 17,197,000 | 17,176,000 | 17,078,000 | 17,600,000 | 20,847,000 | 17,605,000 | 19,300,000 | 21,327,000 | 22,146,000 | 22,146,000 | 15,037,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value per share... | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.00001 par value per share... | |||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,286,967,000 | 1,285,297,000 | 1,282,599,000 | 1,279,300,000 | 1,276,310,000 | 1,274,932,000 | 1,179,239,000 | 1,176,446,000 | 1,166,640,000 | 1,161,657,000 | 1,082,896,000 | 1,079,981,000 | 1,077,129,000 | 1,075,226,000 | 800,588,000 | 753,341,000 | 746,148,000 | 673,461,000 | 671,158,000 | 668,026,000 | 580,852,000 | 575,811,000 | 562,657,000 | 561,548,000 | 559,688,000 | 545,140,000 | 544,260,000 | 543,249,000 | 542,263,000 | 541,839,000 | 540,970,000 | 539,870,000 | 538,720,000 | 538,088,000 | 536,985,000 | 535,720,000 | 534,346,000 | 533,088,000 | 532,056,000 | 530,696,000 | 529,263,000 | 527,975,000 | 526,737,000 | 525,499,000 | 524,095,000 | 522,800,000 | |||
accumulated deficit | -1,073,470,000 | -1,049,779,000 | -976,866,000 | -970,532,000 | -961,476,000 | -660,227,000 | -671,589,000 | -658,619,000 | -675,437,000 | -673,602,000 | -673,083,000 | -660,010,000 | -644,587,000 | -627,791,000 | -618,182,000 | -588,587,000 | -564,537,000 | -545,053,000 | -528,700,000 | -520,878,000 | -514,209,000 | -507,959,000 | -501,770,000 | -495,017,000 | -489,319,000 | -486,150,000 | -485,194,000 | -482,905,000 | -477,587,000 | -471,585,000 | -457,477,000 | -450,945,000 | -443,987,000 | -437,145,000 | -435,462,000 | -432,374,000 | -426,902,000 | -417,524,000 | -411,782,000 | -408,685,000 | -407,298,000 | -405,501,000 | -407,139,000 | -404,616,000 | -401,874,000 | -399,084,000 | |||
total stockholders’ equity | 213,497,000 | 305,733,000 | 308,768,000 | 314,834,000 | 507,650,000 | 517,827,000 | 491,203,000 | 409,813,000 | 419,971,000 | 432,542,000 | 182,406,000 | 164,754,000 | 181,611,000 | 142,458,000 | 147,148,000 | 66,643,000 | 60,887,000 | 66,531,000 | 70,369,000 | 59,066,000 | 60,344,000 | 64,676,000 | 83,493,000 | 88,925,000 | 94,733,000 | 100,943,000 | 101,523,000 | 103,346,000 | 107,444,000 | 115,564,000 | 120,274,000 | 122,011,000 | 121,965,000 | 122,474,000 | 119,598,000 | 120,883,000 | 122,221,000 | 123,716,000 | |||||||||||
total liabilities and stockholders’ equity | 410,476,000 | 491,395,000 | 525,132,000 | 554,976,000 | 782,587,000 | 748,629,000 | 697,989,000 | 605,146,000 | 617,074,000 | 620,732,000 | 385,414,000 | 355,934,000 | 341,006,000 | 187,672,000 | 192,224,000 | 99,874,000 | 94,297,000 | 97,545,000 | 102,465,000 | 100,054,000 | 101,762,000 | 100,121,000 | 109,033,000 | 113,471,000 | 114,186,000 | 123,815,000 | 118,038,000 | 118,658,000 | 127,616,000 | 134,669,000 | 137,471,000 | 139,187,000 | 139,043,000 | 140,445,000 | 138,488,000 | 141,521,000 | |||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 235,518,000 | 614,705,000 | 488,055,000 | 447,435,000 | 128,408,000 | 67,852,000 | 58,990,000 | 70,254,000 | |||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 406,679,000 | 895,144,000 | 703,048,000 | 643,416,000 | 182,954,000 | 97,424,000 | 103,502,000 | 99,023,000 | |||||||||||||||||||||||||||||||||||||||||
convertible note - related party | 121,074,000 | 118,030,000 | 114,992,000 | 112,088,000 | 109,189,000 | 106,416,000 | 103,580,000 | 105,218,000 | 102,721,000 | 100,638,000 | |||||||||||||||||||||||||||||||||||||||
current portion of prepayment liability | 5,000,000 | 5,000,000 | 5,000,000 | 4,728,000 | 4,615,000 | 4,530,000 | 4,562,000 | ||||||||||||||||||||||||||||||||||||||||||
prepayment liability | 5,000,000 | 5,000,000 | 5,000,000 | 9,555,000 | 9,568,000 | 9,676,000 | 9,715,000 | 9,786,000 | 9,820,000 | 9,784,000 | 9,838,000 | 4,485,000 | 4,053,000 | 3,989,000 | 1,962,000 | ||||||||||||||||||||||||||||||||||
current portion of long-term debt | 3,675,000 | 2,854,000 | 1,609,000 | 367,000 | |||||||||||||||||||||||||||||||||||||||||||||
prepayment liability, long-term | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 817,000 | 2,059,000 | 3,298,000 | 3,661,000 | |||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 434,000 | 434,000 | 434,000 | 434,000 | 566,000 | 278,000 | 971,000 | 703,000 | 341,000 | 136,000 | 151,000 | 241,000 | 1,038,000 | 1,027,000 | 1,030,000 | 1,031,000 | 1,031,000 | 1,085,000 | |||||||||||||||||||||||||||||||
deferred rent | 1,218,000 | 1,207,000 | 1,235,000 | 1,263,000 | 1,303,000 | 1,332,000 | 1,335,000 | 1,082,000 | |||||||||||||||||||||||||||||||||||||||||
capital leases, current portion | 4,000 | 12,000 | 20,000 | 35,000 | 41,000 | 47,000 | 54,000 | 67,000 | 76,000 | 75,000 | 77,000 | 76,000 | 76,000 | 76,000 | 76,000 | ||||||||||||||||||||||||||||||||||
capital leases, excluding current portion | 4,000 | 11,000 | 17,000 | 30,000 | 40,000 | 52,000 | 52,000 | 69,000 | 89,000 | 108,000 | 108,000 | 127,000 | |||||||||||||||||||||||||||||||||||||
other current liabilities | 241,000 | 409,000 | 818,000 | 37,000 | 50,000 | 50,000 | 50,000 | 50,000 | |||||||||||||||||||||||||||||||||||||||||
other assets | 79,000 | 147,000 | 94,000 | 100,000 | 123,000 | 130,000 | 175,000 | 225,000 | 225,000 | 303,000 | |||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 140,074,000 | 145,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 2,504,000 | 2,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||
subordinated notes, current portion | |||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes, current portion | |||||||||||||||||||||||||||||||||||||||||||||||||
senior convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes, excluding current portion | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible preferred stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||
cash | 53,651,000 | 53,651,000 | 56,917,000 | ||||||||||||||||||||||||||||||||||||||||||||||
subordinated notes |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
net loss | -23,691,000 | -9,056,000 | -301,249,000 | -1,835,000 | -519,000 | -13,073,000 | -15,423,000 | -16,796,000 | -9,609,000 | -29,595,000 | -24,050,000 | -19,484,000 | -16,353,000 | -7,822,000 | -6,669,000 | -6,250,000 | -6,189,000 | -6,753,000 | -5,698,000 | -3,169,000 | -956,000 | -2,289,000 | -5,318,000 | -6,002,000 | -14,108,000 | -6,532,000 | -6,958,000 | -6,842,000 | -1,683,000 | -3,088,000 | -5,472,000 | -9,078,000 | -5,742,000 | -3,097,000 | -1,387,000 | -1,797,000 | -2,523,000 | -2,742,000 | -2,790,000 | -2,411,000 | |||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 5,382,000 | 28,176,000 | 5,392,000 | 5,796,000 | 5,793,000 | 5,433,000 | 5,321,000 | 5,986,000 | 5,786,000 | 4,561,000 | 4,550,000 | 3,503,000 | 2,704,000 | 2,530,000 | 2,531,000 | 2,033,000 | 2,128,000 | 2,584,000 | 2,114,000 | 2,104,000 | 2,638,000 | 2,528,000 | |||||||||||||||||||||||||
amortization of debt issuance costs | 1,720,000 | 1,074,000 | 951,000 | 882,000 | 730,000 | 0 | 11,000 | 4,000 | 3,000 | 3,000 | 4,000 | ||||||||||||||||||||||||||||||||||||
provision for bad debt | -3,000 | 3,510,000 | -4,000 | 140,000 | -108,000 | -1,000 | -4,000 | -17,000 | -171,000 | 99,000 | 73,000 | 43,000 | 4,000 | -5,000 | 12,000 | 1,000 | -3,000 | -95,000 | 154,000 | ||||||||||||||||||||||||||||
stock-based compensation expense | 1,866,000 | 1,678,000 | 2,183,000 | 2,815,000 | 1,952,000 | 2,548,000 | 2,630,000 | ||||||||||||||||||||||||||||||||||||||||
impairment of property, plant and equipment | 3,607,000 | -2,000 | 1,387,000 | 286,634,000 | 803,000 | 0 | 771,000 | 6,039,000 | |||||||||||||||||||||||||||||||||||||||
deferred taxes | -522,000 | ||||||||||||||||||||||||||||||||||||||||||||||
reduction in the carrying amount of operating lease right-of-use assets | 1,074,000 | 862,000 | 828,000 | 1,192,000 | 652,000 | -104,000 | 767,000 | 649,000 | 574,000 | 673,000 | 781,000 | 773,000 | 632,000 | 715,000 | 706,000 | 649,000 | 570,000 | 561,000 | 537,000 | 263,000 | 257,000 | 252,000 | 247,000 | 229,000 | 243,000 | ||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -1,165,000 | 30,369,000 | 7,022,000 | 1,048,000 | 31,857,000 | 5,987,000 | 1,730,000 | -33,039,000 | -14,034,000 | -15,578,000 | -10,229,000 | 3,284,000 | 9,971,000 | -30,309,000 | 2,321,000 | -4,952,000 | -4,102,000 | -1,715,000 | 642,000 | 1,305,000 | -4,875,000 | 4,220,000 | -1,075,000 | 1,287,000 | 11,799,000 | -7,892,000 | -2,196,000 | 121,000 | 3,278,000 | -7,026,000 | -1,355,000 | 28,000 | 6,630,000 | -9,648,000 | -574,000 | 1,076,000 | 442,000 | 2,090,000 | 5,109,000 | -1,819,000 | -2,291,000 | 2,781,000 | -3,392,000 | -697,000 | -1,336,000 | 2,143,000 | -1,518,000 |
inventories | 7,195,000 | 4,788,000 | 9,078,000 | 4,624,000 | -9,188,000 | -121,000 | 5,600,000 | -7,280,000 | -6,561,000 | -4,768,000 | -1,132,000 | -6,282,000 | -4,469,000 | -1,938,000 | -3,600,000 | -1,495,000 | -3,518,000 | -2,275,000 | -274,000 | 1,409,000 | 2,252,000 | -3,672,000 | 25,000 | 3,980,000 | -4,664,000 | 4,691,000 | -360,000 | -3,831,000 | -1,950,000 | 2,591,000 | 2,913,000 | -2,848,000 | -1,059,000 | 5,077,000 | -737,000 | 1,877,000 | -2,264,000 | 34,000 | -1,114,000 | -5,649,000 | 393,000 | 97,000 | -554,000 | -170,000 | -1,008,000 | 1,452,000 | -859,000 |
prepaid expenses and other assets | 1,542,000 | 3,751,000 | -361,000 | 1,928,000 | 12,854,000 | -3,049,000 | -3,980,000 | -3,447,000 | -9,359,000 | -630,000 | -259,000 | -1,415,000 | -5,097,000 | -100,000 | -555,000 | -2,126,000 | -374,000 | 221,000 | -1,371,000 | -1,804,000 | 630,000 | -231,000 | -198,000 | -468,000 | 181,000 | 400,000 | -203,000 | -408,000 | 127,000 | 372,000 | -217,000 | -98,000 | 204,000 | 187,000 | -125,000 | -148,000 | 497,000 | -208,000 | 234,000 | -1,011,000 | 966,000 | 120,000 | 266,000 | -928,000 | -339,000 | 214,000 | 93,000 |
accounts payable | 1,447,000 | -3,723,000 | -1,151,000 | -10,714,000 | -3,865,000 | 2,889,000 | -13,062,000 | 15,366,000 | 2,148,000 | 5,003,000 | 987,000 | 4,109,000 | -5,516,000 | 4,837,000 | -15,499,000 | 12,917,000 | 3,063,000 | 3,609,000 | -192,000 | 2,530,000 | 1,432,000 | -3,355,000 | 3,752,000 | -3,814,000 | -3,732,000 | 3,006,000 | -1,042,000 | 1,886,000 | -3,709,000 | 4,867,000 | -1,102,000 | 1,132,000 | -3,340,000 | 1,747,000 | 794,000 | -3,510,000 | 2,238,000 | 122,000 | -1,476,000 | -49,000 | 1,508,000 | 13,000 | 327,000 | 1,648,000 | -471,000 | -88,000 | 858,000 |
accrued expenses | 5,015,000 | -2,400,000 | 21,000 | -1,117,000 | -19,814,000 | 9,965,000 | 6,847,000 | 5,332,000 | -10,289,000 | 6,117,000 | 6,022,000 | 909,000 | -6,240,000 | 3,266,000 | 1,764,000 | 3,236,000 | -3,082,000 | 1,028,000 | 2,872,000 | 1,661,000 | 1,422,000 | -197,000 | -11,000 | 476,000 | -4,441,000 | 3,518,000 | 494,000 | -185,000 | 517,000 | 249,000 | -1,167,000 | 785,000 | -1,923,000 | 1,069,000 | -61,000 | 688,000 | 125,000 | 11,000 | -714,000 | 728,000 | -2,203,000 | 896,000 | 384,000 | 756,000 | -2,263,000 | 883,000 | 1,514,000 |
deferred revenue | 35,319,000 | 435,000 | 200,000 | -2,021,000 | 446,000 | -206,000 | -690,000 | -35,000 | 814,000 | -3,147,000 | 829,000 | 660,000 | -1,872,000 | 3,490,000 | 740,000 | 415,000 | -120,000 | -288,000 | -63,000 | -223,000 | 31,000 | -251,000 | -1,245,000 | -1,467,000 | -851,000 | -1,478,000 | -1,757,000 | 5,224,000 | 1,403,000 | -543,000 | 1,244,000 | 454,000 | -345,000 | -304,000 | 802,000 | 17,000 | -254,000 | 290,000 | 304,000 | 310,000 | -542,000 | -3,834,000 | 1,928,000 | 1,169,000 | 1,070,000 | -1,148,000 | 481,000 |
operating lease and other liabilities | -1,034,000 | -825,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 34,145,000 | 16,135,000 | 15,035,000 | -3,930,000 | 5,632,000 | 6,843,000 | -17,749,000 | -2,779,000 | -7,502,000 | -7,680,000 | -24,651,000 | -24,080,000 | -37,455,000 | -10,035,000 | -22,829,000 | -12,049,000 | -6,050,000 | 1,343,000 | -1,872,000 | -5,142,000 | -1,540,000 | -1,889,000 | -1,353,000 | 4,707,000 | -3,818,000 | 1,068,000 | -3,011,000 | 86,000 | -2,493,000 | -3,849,000 | -2,398,000 | 344,000 | 1,053,000 | -1,584,000 | -4,419,000 | 788,000 | 3,848,000 | -5,000,000 | -214,000 | 5,441,000 | 561,000 | 3,015,000 | -3,658,000 | 4,718,000 | 1,739,000 | ||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -1,367,000 | -2,464,000 | -9,102,000 | -12,885,000 | -12,998,000 | -24,827,000 | -25,863,000 | -27,786,000 | -32,279,000 | -66,012,000 | -49,378,000 | -58,626,000 | -66,989,000 | -37,855,000 | -14,504,000 | -7,645,000 | -2,254,000 | -2,409,000 | -1,470,000 | -816,000 | -623,000 | -1,050,000 | -927,000 | -523,000 | -287,000 | -665,000 | -637,000 | -942,000 | -994,000 | -980,000 | -677,000 | -695,000 | -592,000 | -2,685,000 | -2,146,000 | -3,222,000 | -2,266,000 | -4,600,000 | -3,128,000 | -2,579,000 | -2,418,000 | -6,428,000 | -10,531,000 | -8,631,000 | -2,413,000 | ||
free cash flows | 32,778,000 | 13,671,000 | 5,933,000 | -16,815,000 | -7,366,000 | -17,984,000 | -43,612,000 | -30,565,000 | -39,781,000 | -73,692,000 | -74,029,000 | -82,706,000 | -104,444,000 | -47,890,000 | -37,333,000 | -19,694,000 | -8,304,000 | -1,066,000 | -3,342,000 | -5,958,000 | -2,163,000 | -2,939,000 | -2,280,000 | 4,184,000 | -4,105,000 | 403,000 | -3,648,000 | -856,000 | -3,487,000 | -4,829,000 | -3,075,000 | -351,000 | 461,000 | -4,269,000 | -6,565,000 | -2,434,000 | 1,582,000 | -9,600,000 | -3,342,000 | 2,862,000 | -1,857,000 | -3,413,000 | -14,189,000 | -3,913,000 | -674,000 | ||
net cash from investing activities | -1,367,000 | -2,464,000 | -9,102,000 | -12,885,000 | -12,998,000 | -14,751,000 | -20,821,000 | -24,827,000 | -25,863,000 | -27,786,000 | -32,279,000 | -66,012,000 | -49,378,000 | -58,626,000 | -66,989,000 | -37,855,000 | -14,504,000 | -7,645,000 | -2,254,000 | -2,409,000 | -1,470,000 | -816,000 | -623,000 | -1,050,000 | -927,000 | -523,000 | -287,000 | -665,000 | -637,000 | -942,000 | -994,000 | -980,000 | -677,000 | -695,000 | -592,000 | -2,685,000 | -2,146,000 | -3,222,000 | -2,266,000 | -4,600,000 | -3,128,000 | -2,579,000 | 86,000 | -6,431,000 | -13,032,000 | -8,631,000 | -2,413,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of lease and other finance obligations | -1,469,000 | -1,417,000 | -1,349,000 | -1,261,000 | -1,203,000 | ||||||||||||||||||||||||||||||||||||||||||
payments made for employee restricted stock tax withholdings | -196,000 | -94,000 | -69,000 | -46,000 | -556,000 | -31,000 | -124,000 | -53,000 | -1,081,000 | -18,000 | -9,000 | -8,000 | -385,000 | -22,000 | -1,000 | -24,000 | -2,315,000 | -36,000 | 0 | -64,000 | -2,613,000 | -8,000 | 0 | -16,000 | -1,195,000 | -6,000 | 0 | -10,000 | -454,000 | -28,000 | 0 | -504,000 | -99,000 | 0 | -286,000 | -114,000 | 0 | -82,000 | |||||||||
repayment of revolving line of credit | -7,600,000 | 0 | -14,800,000 | 0 | -13,200,000 | ||||||||||||||||||||||||||||||||||||||||||
repayment of term loan | -6,500,000 | -6,500,000 | -6,500,000 | -6,500,000 | -6,500,000 | ||||||||||||||||||||||||||||||||||||||||||
fees and issuance costs from offering of common stock | 0 | -10,000 | -18,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -15,765,000 | -7,533,000 | -21,533,000 | -7,586,000 | -21,477,000 | 86,460,000 | 22,158,000 | 8,141,000 | 5,259,000 | 75,573,000 | 126,000 | 142,000 | -364,000 | 262,869,000 | 44,657,000 | 4,898,000 | 165,946,000 | 727,000 | 1,578,000 | 86,104,000 | 4,065,000 | 11,140,000 | 118,000 | 4,512,000 | 10,433,000 | -1,746,000 | 1,978,000 | -450,000 | 3,690,000 | -994,000 | 1,378,000 | 2,500,000 | 1,996,000 | 3,740,000 | -107,000 | -8,000 | -293,000 | -609,000 | -190,000 | -20,000 | -105,000 | -22,000 | -258,000 | -19,000 | -19,000 | -19,000 | -2,592,000 |
net increase in cash, cash equivalents and restricted cash | 17,013,000 | -38,353,000 | 45,008,000 | -39,655,000 | -73,550,000 | -74,393,000 | |||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 158,570,000 | 0 | 0 | 0 | 221,276,000 | 0 | 0 | 0 | 139,971,000 | 0 | 0 | 0 | 282,561,000 | ||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 175,583,000 | 6,138,000 | -15,600,000 | -24,401,000 | 192,433,000 | 107,393,000 | 22,108,000 | -9,843,000 | 101,618,000 | 45,008,000 | |||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 2,345,000 | 2,594,000 | 3,063,000 | 3,178,000 | 3,385,000 | 4,679,000 | 2,305,000 | -164,000 | 187,000 | 0 | 0 | 23,000 | 35,000 | 43,000 | 52,000 | 68,000 | 55,000 | 48,000 | 65,000 | 48,000 | 43,000 | 41,000 | 84,000 | 107,000 | 135,000 | 102,000 | 96,000 | 101,000 | 96,000 | 42,000 | 99,000 | 69,000 | 62,000 | 49,000 | 40,000 | 43,000 | 48,000 | 53,000 | 52,000 | 45,000 | 57,000 | ||||||
income taxes paid | 27,000 | 402,000 | 432,000 | 384,000 | 2,916,000 | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash activities: | |||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for new operating lease liabilities | 0 | 278,000 | 2,370,000 | 2,389,000 | 94,000 | 386,000 | 115,000 | -2,827,000 | 275,000 | 5,514,000 | 68,000 | 1,981,000 | 1,079,000 | 8,144,000 | 888,000 | 28,000 | 0 | 237,000 | 152,000 | 0 | 59,000 | 141,000 | 153,000 | ||||||||||||||||||||||||
changes in accrued capital expenditures | -1,079,000 | -1,573,000 | -7,314,000 | -2,213,000 | -565,000 | -808,000 | -1,904,000 | -2,833,000 | -8,529,000 | 8,976,000 | -11,935,000 | -8,868,000 | 3,610,000 | -8,432,000 | 22,696,000 | 8,140,000 | 9,566,000 | 4,011,000 | 481,000 | 33,000 | 176,000 | 352,000 | -111,000 | -190,000 | -147,000 | 493,000 | 111,000 | -429,000 | -112,000 | -359,000 | 591,000 | 231,000 | -281,000 | 20,000 | -316,000 | -2,251,000 | -1,134,000 | 1,514,000 | 697,000 | -579,000 | 484,000 | -341,000 | -446,000 | ||||
net income | -72,913,000 | 11,362,000 | -12,970,000 | -2,717,000 | |||||||||||||||||||||||||||||||||||||||||||
accretion of interest on convertible note - related party | 0 | 1,463,000 | 2,810,000 | 2,810,000 | 2,682,000 | 1,007,000 | 1,734,000 | 1,550,000 | 819,000 | ||||||||||||||||||||||||||||||||||||||
amortization of convertible note issuance costs | -296,000 | 301,000 | 10,000 | 9,000 | 9,000 | 10,000 | 9,000 | 9,000 | 9,000 | 10,000 | 9,000 | 4,000 | |||||||||||||||||||||||||||||||||||
amortization of debt discount due to modification of convertible note – related party | 0 | 0 | 224,000 | 219,000 | 213,000 | 206,000 | 203,000 | 266,000 | |||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs written off | 0 | 0 | 120,000 | 1,709,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from employee stock option exercises | 302,000 | 1,185,000 | -7,000 | 287,000 | 8,698,000 | 1,386,000 | 1,214,000 | 274,000 | 150,000 | 21,000 | 379,000 | 0 | 136,000 | 38,000 | 772,000 | 836,000 | 230,000 | 463,000 | 1,674,000 | 118,000 | |||||||||||||||||||||||||||
proceeds from registered direct offering of common stock | |||||||||||||||||||||||||||||||||||||||||||||||
fees and issuance costs from registered direct offering of common stock | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from employee stock purchase plan | |||||||||||||||||||||||||||||||||||||||||||||||
fees and issuance costs from private placement of common stock | 0 | 0 | -28,000 | 0 | 0 | -1,000 | 0 | -136,000 | -9,000 | ||||||||||||||||||||||||||||||||||||||
repayment of convertible note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loan | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
issuance costs from term loan and revolving line of credit | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving line of credit | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale and leaseback transactions | 1,000 | 10,000,000 | 0 | 4,982,000 | |||||||||||||||||||||||||||||||||||||||||||
capitalized interest | 0 | 962,000 | 2,561,000 | 2,561,000 | 1,446,000 | 753,000 | 18,000 | 17,000 | 0 | ||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
issuance costs from term loan | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolver | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
issuance costs from revolver | |||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -15,600,000 | -24,401,000 | -28,843,000 | 22,108,000 | |||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | -834,000 | -1,062,000 | -774,000 | -672,000 | -553,000 | -485,000 | -579,000 | -687,000 | -549,000 | -609,000 | -723,000 | -645,000 | -520,000 | -556,000 | -575,000 | -325,000 | -304,000 | -293,000 | -286,000 | -281,000 | -263,000 | -274,000 | -275,000 | -273,000 | -224,000 | -246,000 | |||||||||||||||||||||
benefit from bad debt | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from underwritten public offering, net of underwriting discounts, commissions and issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible note related party | 0 | 0 | 0 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||
issuance costs from convertible note | 0 | 0 | 0 | -185,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering net of commissions, fees and issuance costs of 2,885 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from private placement of common stock | 0 | 0 | 0 | 50,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
issuance costs from term loan and revolver | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of finance obligation for sale and leaseback transactions | -25,000 | -339,000 | |||||||||||||||||||||||||||||||||||||||||||||
repayment of prepayment liability | -5,000,000 | 0 | 0 | -4,728,000 | |||||||||||||||||||||||||||||||||||||||||||
increase in debt discount due to modification of convertible note – related party | |||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (use) in operating activities | |||||||||||||||||||||||||||||||||||||||||||||||
stock-compensation expense | 4,706,000 | 2,789,000 | 2,710,000 | 2,267,000 | 2,590,000 | 2,295,000 | 1,828,000 | 1,554,000 | 1,070,000 | 976,000 | 991,000 | 1,007,000 | 992,000 | 1,011,000 | 996,000 | 878,000 | 1,128,000 | 1,150,000 | 1,136,000 | 1,364,000 | 1,374,000 | 1,244,000 | |||||||||||||||||||||||||
gain on extinguishment of debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
stock compensation expense | 1,433,000 | 1,370,000 | 1,238,000 | 1,476,000 | 1,404,000 | 1,295,000 | 1,383,000 | 1,054,000 | |||||||||||||||||||||||||||||||||||||||
other liabilities | -132,000 | 288,000 | 0 | 0 | 0 | -56,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from underwritten public offering, net of underwriting discounts and commissions | |||||||||||||||||||||||||||||||||||||||||||||||
issuance costs from underwritten public offering | 0 | 0 | 0 | -285,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering net of commissions and fees of 2,269 and 601 | |||||||||||||||||||||||||||||||||||||||||||||||
fees and issuance costs from at-the-market offering | 15,000 | -285,000 | -28,000 | -318,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible note - related party | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions of 2,269 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions of 879 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | -73,550,000 | 208,168,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions of 729 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
issuance costs from long-term debt | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
repayments of borrowings under line of credit | 0 | -3,123,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions of 2,269 and 601 | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -59,787,000 | -42,992,000 | 128,613,000 | -18,967,000 | -6,726,000 | 85,038,000 | 723,000 | 5,182,000 | -2,045,000 | 1,573,000 | 8,153,000 | 42,000 | 2,840,000 | 389,000 | -3,932,000 | -3,266,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 76,564,000 | 0 | 0 | 0 | 16,496,000 | 0 | 0 | 0 | 3,633,000 | 0 | 0 | 0 | 3,327,000 | 32,804,000 | 49,719,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -59,787,000 | -42,992,000 | 205,177,000 | -18,967,000 | -6,726,000 | 85,038,000 | 17,219,000 | 5,182,000 | -2,045,000 | 1,573,000 | 11,786,000 | 2,438,000 | -2,127,000 | -47,000 | 3,369,000 | 29,357,000 | 33,010,000 | ||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions of 879 and 576 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions of 729 and 193 | 23,590,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from underwritten public offering, net of underwriting discounts and commissions of 1,093 | 0 | 0 | 0 | 15,036,000 | |||||||||||||||||||||||||||||||||||||||||||
prepayment proceeds under customer supply agreement | 0 | 0 | 0 | 5,000,000 | 0 | 0 | 2,500,000 | 2,500,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering net of commissions and fees of 601 and 299 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance costs from at-the-market offering | 0 | 1,000 | -27,000 | -17,000 | |||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease liabilities related to right-of-use assets | 0 | 0 | 0 | 5,995,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions and fees of 601 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions and fees of 576 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from private placement offering | |||||||||||||||||||||||||||||||||||||||||||||||
fees and issuance costs from private placement offering | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering, net of commissions and fees of 193 | 6,232,000 | ||||||||||||||||||||||||||||||||||||||||||||||
impairment of construction in process | |||||||||||||||||||||||||||||||||||||||||||||||
lease incentives | -30,000 | -31,000 | -30,000 | -30,000 | -31,000 | -31,000 | -27,000 | -22,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from at-the-market offering net of commissions and fees of 299 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (repayments of) borrowings under line of credit | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 2,562,000 | 2,563,000 | 2,562,000 | 2,554,000 | 2,565,000 | 2,532,000 | 2,528,000 | 2,573,000 | 2,515,000 | 3,171,000 | 2,721,000 | 2,726,000 | 2,630,000 | 2,676,000 | 2,555,000 | 2,472,000 | 2,416,000 | 2,410,000 | 2,465,000 | 2,663,000 | 2,575,000 | 2,184,000 | 2,491,000 | 2,513,000 | |||||||||||||||||||||||
impairment of construction in progress | |||||||||||||||||||||||||||||||||||||||||||||||
other | 0 | 0 | 0 | -1,000 | -13,000 | 1,000 | -1,000 | ||||||||||||||||||||||||||||||||||||||||
repayment of obligations under capital lease | -4,000 | -8,000 | -8,000 | -7,000 | -13,000 | -12,000 | -20,000 | -23,000 | -22,000 | -20,000 | -19,000 | -19,000 | -19,000 | -19,000 | |||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 243,000 | 242,000 | 217,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under line of credit | 36,914,000 | 25,741,000 | 18,859,000 | 21,250,000 | |||||||||||||||||||||||||||||||||||||||||||
net decrease in cash | -2,127,000 | -1,850,000 | -2,109,000 | -2,329,000 | -1,079,000 | 354,000 | -4,277,000 | -6,858,000 | 1,392,000 | ||||||||||||||||||||||||||||||||||||||
repayment of borrowings under line of credit | 36,474,000 | -37,770,000 | -26,716,000 | -17,453,000 | -17,500,000 | ||||||||||||||||||||||||||||||||||||||||||
postponed financing costs | |||||||||||||||||||||||||||||||||||||||||||||||
payments made for employee restricted stock minimum tax withholdings | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
accretion of prepayment discount | 64,000 | 33,000 | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred rent | -11,000 | -12,000 | -10,000 | -17,000 | -89,000 | -22,000 | |||||||||||||||||||||||||||||||||||||||||
cash at beginning of period | 0 | 0 | 10,694,000 | 0 | 0 | 18,086,000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
cash at end of period | -2,109,000 | -2,329,000 | 9,615,000 | 354,000 | -4,277,000 | 11,228,000 | 1,392,000 | 389,000 | -3,932,000 | -3,266,000 | |||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of marketable securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
maturity and sale of marketable securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
capital lease | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred financing costs | |||||||||||||||||||||||||||||||||||||||||||||||
changes in building lease incentives | |||||||||||||||||||||||||||||||||||||||||||||||
unpaid financing costs | |||||||||||||||||||||||||||||||||||||||||||||||
settlement of asset retirement obligation | |||||||||||||||||||||||||||||||||||||||||||||||
advanced billings | 292,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 104,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
financing and debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||
accretion of debt to fair value | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
borrowings under line of credit | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
repayments under line of credit | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||
financing costs | 0 | -15,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering | 0 | -2,558,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible and senior convertible notes to common stock | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of marketable securities | -3,000 | -2,501,000 | |||||||||||||||||||||||||||||||||||||||||||||
capitalized leases | |||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | -15,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -3,447,000 | -16,709,000 | |||||||||||||||||||||||||||||||||||||||||||||
write-off of construction in progress | |||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs and noncash interest expenses | |||||||||||||||||||||||||||||||||||||||||||||||
write-off of costs associated with postponed public offering | |||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||
loss on exchange of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of series c preferred stock warrants in connection with senior convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||
accrued dividends on preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||
changes in redemption value of redeemable convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||
reclassification of redeemable convertible preferred stock from temporary to permanent equity | |||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowing under long-term debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | |||||||||||||||||||||||||||||||||||||||||||||||
unpaid deferred initial public offering costs | |||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs and non-cash interest expenses | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||
unpaid initial public offering costs |