Balance Sheet Components (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Property, Plant and Equipment |
Property and equipment, net consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
December 31,
2024 |
| Equipment |
$ |
110,944 |
|
|
$ |
103,694 |
|
| Molds and tooling |
27,056 |
|
|
22,409 |
|
| Construction in-progress |
23,404 |
|
|
19,583 |
|
| Buildings |
22,202 |
|
|
22,186 |
|
| Leasehold improvements |
21,430 |
|
|
20,569 |
|
| Computer software |
18,342 |
|
|
18,072 |
|
| Land |
6,270 |
|
|
6,270 |
|
| Vehicles and aircraft |
2,503 |
|
|
2,486 |
|
| Furniture and fixtures |
1,136 |
|
|
1,110 |
|
| Gross property and equipment |
233,287 |
|
|
216,379 |
|
| Accumulated depreciation and amortization |
(103,511) |
|
|
(95,425) |
|
| Property and equipment, net |
$ |
129,776 |
|
|
$ |
120,954 |
|
|
| Schedule of Intangible Assets |
The intangible assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
December 31,
2024 |
| Automation platform software |
$ |
7,200 |
|
|
$ |
7,200 |
|
| System simulation software technology |
4,600 |
|
|
4,600 |
|
| Developed technology |
6,900 |
|
|
6,900 |
|
| Other intangibles |
500 |
|
|
1,485 |
|
| Gross intangible assets |
19,200 |
|
|
20,185 |
|
| Accumulated amortization |
(12,291) |
|
|
(12,058) |
|
| Intangible assets, net |
$ |
6,909 |
|
|
$ |
8,127 |
|
|
| Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets |
The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of March 31, 2025 (in thousands):
|
|
|
|
|
|
| Fiscal Year |
Amount |
2025 (remainder) |
$ |
3,414 |
|
| 2026 |
2,467 |
|
| 2027 |
1,028 |
|
|
$ |
6,909 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
December 31,
2024 |
| Prepaid equipment |
$ |
3,526 |
|
|
$ |
3,998 |
|
| Prepaid software |
7,887 |
|
|
7,794 |
|
| Prepaid taxes |
2,747 |
|
|
3,183 |
|
| Other |
2,612 |
|
|
2,170 |
|
| Prepaid insurance |
2,418 |
|
|
3,565 |
|
| Total |
$ |
19,190 |
|
|
$ |
20,710 |
|
|
| Schedule of Other Noncurrent Assets |
Other non-current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
December 31,
2024 |
| Contractual agreement asset |
$ |
59,611 |
|
|
$ |
59,611 |
|
| Other non-current assets |
2,111 |
|
|
1,395 |
|
| Total |
$ |
61,722 |
|
|
$ |
61,006 |
|
|
| Schedule of Accrued and Other Liabilities |
Accrued and other current liabilities consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
December 31,
2024 |
| Vendor related accruals |
$ |
16,442 |
|
|
$ |
20,026 |
|
| Payroll accruals |
8,890 |
|
|
6,619 |
|
| Contract liabilities under contracts with customers |
4,486 |
|
|
5,161 |
|
| Deferred research and development credits |
$ |
1,784 |
|
|
1,712 |
|
| Other accruals and current liabilities |
5,594 |
|
|
5,324 |
|
| Total |
$ |
37,196 |
|
|
$ |
38,842 |
|
|