Financial Information

Revenue of $27.2 million, exceeding the upper end of our guidance of $20 - $25 million.

Gross margin of 64.6%, a decrease of 80 bps, as compared to Q2’2023, due primarily to higher manufacturing costs.

Operating expenses of $19.6 million, an increase of 21.4%, as compared to Q2’2023, due primarily to the enhancement of our corporate growth strategy, increased investments within sales and marketing, and executive transition costs.

Cash and investments of $138.0 million, which include cash, cash equivalents, and short- and long-term investments.