Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
 [1]
Current Assets:    
Cash and cash equivalents $ 23,962 $ 23,415
Restricted cash 0 2,258
Accounts receivable (net of allowance for credit losses of $38 and $76, respectively) 67,889 55,069
Inventories 51,609 61,676
Transferable tax credits, net 8,265 7,500
Derivative instruments 4,173 525
Other current assets 4,926 5,474
Total current assets 160,824 155,917
Property and equipment, net 197,479 198,501
Other Assets:    
Right of use operating lease assets, net 21,492 16,931
Intangible assets, net 7,264 7,574
Other assets 10,011 9,863
Total other assets 38,767 34,368
Total Assets 397,070 388,786
Current Liabilities:    
Accounts payable 24,219 14,509
Accrued liabilities 16,424 16,691
Current portion – long-term debt 16,600
Current portion – operating leases 4,916 4,958
Derivative instruments 277 1,067
Other current liabilities 4,561 5,246
Total current liabilities 50,397 59,071
Long-term debt, net 60,469 63,027
Operating leases, net of current portion 17,553 13,012
Other liabilities 8,774 8,435
Total Liabilities 137,193 143,545
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 June 30, 2026 and December 31, 2025; Series B: 1,581 shares authorized; 927 shares issued and outstanding as of June 30, 2026 and December 31, 2025; liquidation preference of $18,075 as of June 30, 2026 1 1
Common stock, value 78 77
Additional paid-in capital 1,051,085 1,051,795
Accumulated other comprehensive income 5,461 5,461
Accumulated deficit (796,748) (812,093)
Total Stockholders’ Equity 259,877 245,241
Total Liabilities and Stockholders’ Equity 397,070 388,786
Non-Voting Common Stock    
Stockholders’ Equity:    
Common stock, value
[1] Amounts derived from the audited consolidated financial statements for the year ended December 31, 2025.