Quarterly report [Sections 13 or 15(d)]

Inventory

v3.25.1
Inventory
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

5.

Inventory

Inventory consists of the following as of March 31, 2025 and December 31, 2024:

(in thousands)

 

March 31, 2025

 

 

December 31, 2024

 

Raw materials and work in process

 

$

5,653

 

 

$

5,503

 

Software licenses

 

 

265

 

 

 

265

 

Finished goods

 

 

664

 

 

 

1,095

 

Inventory included in current assets

 

 

6,582

 

 

 

6,863

 

Software licenses – non-current

 

 

107

 

 

 

103

 

 

$

6,689

 

 

$

6,966

 

 

Inventory balances are presented net of an excess and obsolete reserve totaling $2.5 million and $2.3 million at March 31, 2025 and December 31, 2024, respectively.