Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Inventory Inventory
    Inventory consisted of the following (in thousands)
September 30, 2024 December 31, 2023
Raw materials
$ 9,490  $ 5,727 
Work-in-progress
343 346
Finished goods
80 80
  Inventory
$ 9,913  $ 6,153 
The Company writesdown inventory for any excess or obsolete inventories or when we believe that the net realizable value of inventories ("LCNRV") is less than the carrying value. No write-downs were recorded during the three and nine months ended September 30, 2024. For the three and nine months ended September 30, 2023, we recorded write-downs of $0.4 million, which are reported in Cost of revenues within the Condensed Consolidated Statements of Operations.