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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 82,883 $ 67,192 $ 247,206 $ 214,755
Operating expenses:        
Research and development 17,486 19,000 55,875 63,590
Sales and marketing 19,802 18,474 60,634 63,335
General and administrative 28,515 33,968 83,104 91,327
Restructuring costs 0 0 68 848
Total operating expenses 93,375 95,975 281,133 295,486
Loss from operations (10,492) (28,783) (33,927) (80,731)
Other income:        
Interest income, net 3,001 3,171 8,712 8,708
Change in estimated fair value of common stock warrant liability 0 0 0 10
Other income (expense), net 283 2,047 (107) (198)
Total other income 3,284 5,218 8,605 8,520
Loss before income taxes (7,208) (23,565) (25,322) (72,211)
Income tax (expense) benefit (200) 80 (139) 24
Net loss $ (7,408) $ (23,485) $ (25,461) $ (72,187)
Net loss per share (Note 3):        
Basic (in dollars per share) $ (0.14) $ (0.43) $ (0.49) $ (1.34)
Diluted (in dollars per share) $ (0.14) $ (0.43) $ (0.49) $ (1.34)
Weighted-average shares used to compute net loss per share:        
Basic (in shares) 52,903,338 54,178,759 52,266,106 53,891,374
Diluted (in shares) 52,903,338 54,178,759 52,266,106 53,891,374
Testing services revenue        
Revenue:        
Total revenue $ 60,807 $ 47,784 $ 185,562 $ 162,982
Operating expenses:        
Cost of testing services, product, digital, and other 13,447 13,217 41,387 43,837
Product revenue        
Revenue:        
Total revenue 10,212 9,536 29,416 24,273
Operating expenses:        
Cost of testing services, product, digital, and other 6,212 4,750 17,801 12,742
Patient and digital solutions revenue        
Revenue:        
Total revenue 11,864 9,872 32,228 27,500
Operating expenses:        
Cost of testing services, product, digital, and other $ 7,913 $ 6,566 $ 22,264 $ 19,807