Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents $ 343,152 $ 322,851
Short-term investments 66,092 0
Accounts receivable, net 42 170
Inventory 796 634
Deferred contract costs 800 800
Prepaid expenses and other current assets 2,932 5,193
Total current assets 413,814 329,648
Property and equipment, net 118,257 103,868
Operating lease, right-of-use assets 6,059 6,133
Other assets, non-current 825 937
Total assets 538,955 440,586
Current liabilities:    
Accounts payable 13,341 7,077
Accrued expenses 12,634 7,089
Accrued compensation 10,116 8,097
Deferred revenue 350 50
Other liabilities 942 716
Total current liabilities 37,383 23,029
Long-term debt, net 166,805 0
Warrant liability 76,260 49,080
Operating lease liabilities, non-current 7,775 8,234
Deferred revenue, non-current 3,424 3,724
Other liabilities, non-current 24 92
Total liabilities 291,671 84,159
Commitments and Contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of 158,911,419 and 157,461,802 as of July 2, 2023 and January 1, 2023, respectively 16 15
Preferred stock, $0.0001 par value; authorized shares of 10,000,000; no shares issued or outstanding as of July 2, 2023 and January 1, 2023, respectively 0 0
Additional paid-in-capital 769,975 741,186
Accumulated other comprehensive loss (24) 0
Accumulated deficit (522,683) (384,774)
Total stockholders’ equity 247,284 356,427
Total liabilities and stockholders’ equity $ 538,955 $ 440,586