Balance Sheet Components (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Property, Plant and Equipment |
Property and equipment, net consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
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|
|
|
December 31, |
|
2024 |
|
2023 |
| Equipment |
$ |
103,694 |
|
|
$ |
84,639 |
|
| Buildings |
22,186 |
|
|
21,384 |
|
| Leasehold improvements |
20,569 |
|
|
18,771 |
|
| Computer software |
18,072 |
|
|
15,114 |
|
| Molds and tooling |
22,409 |
|
|
16,306 |
|
| Land |
6,270 |
|
|
6,270 |
|
| Vehicles and aircraft |
2,486 |
|
|
1,617 |
|
| Furniture and fixtures |
1,110 |
|
|
640 |
|
| Construction in-progress |
19,583 |
|
|
6,055 |
|
| Gross property and equipment |
216,379 |
|
|
170,796 |
|
| Accumulated depreciation and amortization |
(95,425) |
|
|
(67,366) |
|
| Property and equipment, net |
$ |
120,954 |
|
|
$ |
103,430 |
|
|
| Schedule of Intangible Assets |
The intangible assets consist of the following (in thousands):
|
|
|
|
|
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|
|
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|
|
|
December 31, |
|
2024 |
|
2023 |
| Automation platform software |
$ |
7,200 |
|
|
$ |
7,200 |
|
| Multimodal software technology |
— |
|
|
4,900 |
|
| System simulation software technology |
4,600 |
|
|
4,600 |
|
| Developed technology |
6,900 |
|
|
— |
|
| Other intangibles |
1,485 |
|
|
5,328 |
|
| Gross intangible assets |
20,185 |
|
|
22,028 |
|
| Accumulated amortization |
(12,058) |
|
|
(15,443) |
|
| Intangible assets, net |
$ |
8,127 |
|
|
$ |
6,585 |
|
|
| Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets |
The following table presents the estimated future amortization expense of acquired amortizable intangible assets (in thousands):
|
|
|
|
|
|
| Fiscal Year |
December 31, 2024 |
| 2025 |
$ |
4,632 |
|
| 2026 |
2,467 |
|
| 2027 |
1,028 |
|
|
$ |
8,127 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
| Prepaid equipment |
$ |
3,998 |
|
|
$ |
3,471 |
|
| Prepaid software |
7,794 |
|
|
3,809 |
|
| Prepaid taxes |
3,183 |
|
|
1,603 |
|
| Prepaid insurance |
3,565 |
|
|
6,192 |
|
| Other |
2,170 |
|
|
3,767 |
|
| Total |
$ |
20,710 |
|
|
$ |
18,842 |
|
|
| Schedule of Other Non-Current Assets |
Other non-current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
| Contractual agreement asset |
$ |
59,611 |
|
|
$ |
59,611 |
|
| Long-term prepaid insurance |
625 |
|
|
413 |
|
| Other non-current assets |
770 |
|
|
586 |
|
| Total |
$ |
61,006 |
|
|
$ |
60,610 |
|
|
| Schedule of Accrued and Other Current Liabilities |
Accrued and other current liabilities consist of the following (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
| Vendor related accruals |
$ |
20,026 |
|
|
$ |
11,391 |
|
| Payroll accruals |
6,619 |
|
|
16,265 |
|
| Contract liabilities under contracts with customers |
5,161 |
|
|
2,534 |
|
| Deferred research and development credits |
1,712 |
|
|
3,633 |
|
| Other accruals and current liabilities |
5,324 |
|
|
3,995 |
|
| Total |
$ |
38,842 |
|
|
$ |
37,818 |
|
|