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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total net revenue $ 151,954,000 $ 128,782,000 $ 436,091,000 $ 371,023,000
COST OF REVENUE 89,643,000 79,889,000 259,075,000 239,952,000
GROSS PROFIT 62,311,000 48,893,000 177,016,000 131,071,000
Operating expenses:        
General and administrative 61,486,000 64,282,000 183,343,000 188,481,000
Research and development 5,285,000 7,312,000 20,182,000 23,651,000
Sales and marketing 17,610,000 16,809,000 52,770,000 50,179,000
Restructuring charges 2,125,000 0 9,883,000 0
Total operating expenses 86,506,000 88,403,000 266,178,000 262,311,000
LOSS FROM OPERATIONS (24,195,000) (39,510,000) (89,162,000) (131,240,000)
Interest (income) expense, net (2,840,000) 139,000 (6,831,000) 2,366,000
Other expense (income), net 96,000 (25,000) (520,000) 212,000
Loss before taxes (21,451,000) (39,624,000) (81,811,000) (133,818,000)
Income tax benefit (2,935,000) (2,772,000) (8,169,000) (12,255,000)
NET LOSS $ (18,516,000) $ (36,852,000) $ (73,642,000) $ (121,563,000)
NET LOSS PER SHARE        
Basic (in dollars per share) $ (0.15) $ (0.30) $ (0.59) $ (0.98)
Diluted (in dollars per share) $ (0.15) $ (0.30) $ (0.59) $ (0.98)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 125,687 124,425 125,358 124,055
Diluted (in shares) 125,687 124,425 125,358 124,055
Clinical Services        
Total net revenue $ 127,553,000 $ 106,162,000 $ 365,578,000 $ 310,588,000
COST OF REVENUE 73,994,000 65,261,000 213,032,000 197,563,000
GROSS PROFIT 53,559,000 40,901,000 152,546,000 113,025,000
Advanced Diagnostics        
Total net revenue 24,401,000 22,620,000 70,513,000 60,435,000
COST OF REVENUE 15,649,000 14,628,000 46,043,000 42,389,000
GROSS PROFIT $ 8,752,000 $ 7,992,000 $ 24,470,000 $ 18,046,000