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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total net revenue $ 125,072 $ 121,724 $ 242,241 $ 237,257
COST OF REVENUE 81,126 68,734 160,063 142,693
GROSS PROFIT 43,946 52,990 82,178 94,564
Operating expenses:        
General and administrative 57,951 54,638 124,199 95,114
Research and development 8,626 3,495 16,339 5,951
Sales and marketing 17,071 17,224 33,370 30,973
Total operating expenses 83,648 75,357 173,908 132,038
Loss from operations (39,702) (22,367) (91,730) (37,474)
Interest expense, net 926 902 2,227 2,079
Other expense (income), net 405 (171) 237 (341)
Gain on investment in and loan receivable from non-consolidated affiliate, net 0 (96,534) 0 (91,510)
(Loss) income before taxes (41,033) 73,436 (94,194) 52,298
Income tax benefit (5,730) (2,437) (9,483) (1,461)
NET (LOSS) INCOME $ (35,303) $ 75,873 $ (84,711) $ 53,759
NET (LOSS) INCOME PER SHARE        
Basic (in dollars per share) $ (0.28) $ 0.64 $ (0.68) $ 0.46
Diluted (in dollars per share) $ (0.28) $ 0.59 $ (0.68) $ 0.44
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 124,068 118,287 123,850 117,249
Diluted (in shares) 124,068 131,237 123,850 130,247
Clinical Services        
Total net revenue $ 105,635 $ 101,405 $ 204,426 $ 197,892
COST OF REVENUE 67,035 57,233 132,302 118,798
GROSS PROFIT 38,600 44,172 72,124 79,094
Pharma Services        
Total net revenue 19,437 20,319 37,815 39,365
COST OF REVENUE 14,091 11,501 27,761 23,895
GROSS PROFIT $ 5,346 $ 8,818 $ 10,054 $ 15,470