Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 01, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents $ 270,817,000 $ 322,851,000
Short-term investments 100,522,000 0
Accounts receivable, net 1,000 170,000
Inventory 215,000 634,000
Deferred contract costs 0 800,000
Prepaid expenses and other current assets 4,182,000 5,193,000
Total current assets 375,737,000 329,648,000
Property and equipment, net 136,713,000 103,868,000
Operating lease, right-of-use assets 5,912,000 6,133,000
Deferred contract costs, non-current 800,000 0
Other assets, non-current 780,000 937,000
Total assets 519,942,000 440,586,000
Current liabilities:    
Accounts payable 18,272,000 7,077,000
Accrued expenses 15,784,000 7,089,000
Accrued compensation 9,126,000 8,097,000
Deferred revenue 0 50,000
Other liabilities 944,000 716,000
Total current liabilities 44,126,000 23,029,000
Long-term debt, net 167,080,000 0
Warrant liability 44,940,000 49,080,000
Operating lease liabilities, non-current 7,538,000 8,234,000
Deferred revenue, non-current 3,774,000 3,724,000
Other liabilities, non-current 9,000 92,000
Total liabilities 267,467,000 84,159,000
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 161,665,677 and 157,461,802 as of October 1, 2023 and January 1, 2023, respectively 16,000 15,000
Preferred stock, $0.0001 par value; authorized shares of 10,000,000; no shares issued or outstanding as of October 1, 2023 and January 1, 2023, respectively 0 0
Additional paid-in-capital 791,340,000 741,186,000
Accumulated other comprehensive loss (13,000) 0
Accumulated deficit (538,868,000) (384,774,000)
Total stockholders’ equity 252,475,000 356,427,000
Total liabilities and stockholders’ equity $ 519,942,000 $ 440,586,000