Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

The following table summarizes the segment information (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net revenues:
Clinical Services	$	127,553	$	106,162	$	365,578	$	310,588
Advanced Diagnostics	24,401		22,620		70,513		60,435
Total revenue	151,954		128,782		436,091		371,023
Cost of revenue:
Clinical Services(1)	73,994		65,261		213,032		197,563
Advanced Diagnostics(2)	15,649		14,628		46,043		42,389
Total cost of revenue	89,643		79,889		259,075		239,952
Gross Profit:
Clinical Services	53,559		40,901		152,546		113,025
Advanced Diagnostics	8,752		7,992		24,470		18,046
Total gross profit	$	62,311	$	48,893	$	177,016	$	131,071

(1) Clinical Services cost of revenue for both the three months ended September 30, 2023 and September 30, 2022 includes $4.3 million of amortization of acquired Inivata developed technology intangible assets. Clinical Services cost of revenue for both the nine months ended September 30, 2023 and September 30, 2022 includes $12.8 million of amortization of acquired Inivata developed technology intangible assets.

(2) Advanced Diagnostics cost of revenue for both the three months ended September 30, 2023 and September 30, 2022 includes $0.6 million of amortization of acquired Inivata developed technology intangible assets. Advanced Diagnostics cost of revenue for both the nine months ended September 30, 2023 and September 30, 2022 includes $1.8 million of amortization of acquired Inivata developed technology intangible assets.