Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
 [1]
Current Assets:    
Cash and cash equivalents $ 20,309 $ 23,415
Restricted cash 1,334 2,258
Accounts receivable (net of allowance for credit losses of $61 and $76, respectively) 59,700 55,069
Inventories 52,831 61,676
Transferable tax credits, net 11,530 7,500
Derivative instruments 7,831 525
Other current assets 5,017 5,474
Total current assets 158,552 155,917
Property and equipment, net 193,199 198,501
Other Assets:    
Right of use operating lease assets, net 17,215 16,931
Intangible assets, net 7,419 7,574
Other assets 9,908 9,863
Total other assets 34,542 34,368
Total Assets 386,293 388,786
Current Liabilities:    
Accounts payable 19,303 14,509
Accrued liabilities 12,332 16,691
Current portion – long-term debt 16,600
Current portion – operating leases 4,975 4,958
Derivative instruments 301 1,067
Other current liabilities 4,741 5,246
Total current liabilities 41,652 59,071
Long-term debt 73,056 63,027
Operating leases, net of current portion 13,240 13,012
Other liabilities 8,467 8,435
Total Liabilities 136,415 143,545
Commitments and Contingencies (Note 6)
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; Series A: 1,684 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025; Series B: 1,581 shares authorized; 927 shares issued and outstanding as of March 31, 2026 and December 31, 2025; liquidation preference of $18,075 as of March 31, 2026 1 1
Common stock, value 78 77
Additional paid-in capital 1,052,472 1,051,795
Accumulated other comprehensive income 5,461 5,461
Accumulated deficit (808,134) (812,093)
Total Stockholders’ Equity 249,878 245,241
Total Liabilities and Stockholders’ Equity 386,293 388,786
Non-Voting Common Stock    
Stockholders’ Equity:    
Common stock, value
[1] Amounts derived from the audited financial statements for the year ended December 31, 2025.