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Other Financial Statement Information (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Marketable Securities
Available-for-sale securities consisted of the following (in thousands):
June 30, 2024December 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueFair Value Measurement
Cash equivalents:
Money market funds$365,906 $— $— $365,906 $348,539 $— $— $348,539 Level 1
Marketable securities:
Corporate debt securities— — — — 10,022 — (51)9,971 Level 2
Government debt securities— — — — 18,152 — (125)18,027 Level 2
Asset-backed securities272 — (3)269 1,425 — (12)1,413 Level 2
Total available-for-sale securities$366,178 $— $(3)$366,175 $378,138 $— $(188)$377,950 
Schedule of Debt Securities, Available-for-sale
The contractual maturities of marketable securities as of June 30, 2024 were as follows (in thousands):
Fair Value
Due in one year or less$— 
Due after one year to five years269 
Total marketable securities$269 
Schedule of Inventory
Inventory was comprised of the following (in thousands):
June 30,
2024		December 31,
2023
Purchased materials$38,873 $34,484 
Work in progress25,036 21,975 
Finished goods24,363 17,247 
Inventory$88,272 $73,706 
Schedule of Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
June 30,
2024		December 31,
2023
Land$36,765 $36,765 
Building146,750 146,044 
Laboratory equipment and machinery 70,093 69,238 
Computer equipment and software15,631 16,379 
Furniture and fixtures10,481 10,979 
Leasehold improvements95,307 96,405 
Construction in progress3,717 7,252 
Total property and equipment378,744 383,062 
Less: accumulated depreciation and amortization (115,459)(103,491)
Property and equipment, net$263,285 $279,571 
Schedule of Accrued Compensation and Related Benefits
Accrued compensation and related benefits were comprised of the following as of the dates indicated (in thousands):
June 30,
2024		December 31,
2023
Accrued payroll and related costs$1,602 $2,262 
Accrued bonus11,886 18,254 
Accrued commissions3,637 6,410 
Other2,953 3,179 
Accrued compensation and related benefits$20,078 $30,105 
Schedule of Accrued Expense and Other Current Liabilities
Accrued expenses and other current liabilities were comprised of the following as of the dates indicated (in thousands):
June 30,
2024		December 31,
2023
Accrued purchase consideration$— $20,000 
Accrued legal and related costs7,936 3,839 
Accrued royalties for licensed technologies8,311 5,455 
Accrued property and equipment1,452 3,199 
Accrued professional services4,199 6,577 
Product warranties9,454 8,116 
Taxes payable5,792 5,049 
Other5,293 4,413 
Accrued expenses and other current liabilities$42,437 $56,648 
Schedule of Changes in the Reserve for Product Warranties
Changes in the reserve for product warranties were as follows for the periods indicated (in thousands):
Six Months Ended
June 30,
20242023
Beginning of period$8,116 $3,023 
Amounts charged to cost of revenue5,031 3,833 
Repairs and replacements(3,693)(2,915)
End of period$9,454 $3,941 
Schedule of Revenue of Recognized in Contract Liabilities
The following revenue recognized for the periods were included in contract liabilities as of December 31, 2023 and December 31, 2022, respectively (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Deferred revenue recognized$3,146 $1,856 $6,741 $3,963 
Schedule of Revenue by Source
The following table represents revenue by source for the periods indicated (in thousands). Spatial products include the Company’s Visium and Xenium products:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Instruments
Chromium$8,792 $12,859 $16,642 $24,485 
Spatial15,060 18,096 32,663 25,646 
Total instruments revenue23,852 30,955 49,305 50,131 
Consumables
Chromium94,108 100,794 178,035 201,890 
Spatial29,254 11,694 55,662 22,976 
Total consumables revenue123,362 112,488 233,697 224,866 
Services5,890 3,376 11,108 6,107 
Total revenue$153,104 $146,819 $294,110 $281,104 
Schedule of Revenue by Geographic Location
The following table presents revenue by geography based on the location of the customer for the periods indicated (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Americas
United States$89,672 $88,394 $165,309 $164,675 
Americas (excluding United States)3,419 3,149 7,412 5,664 
Total Americas93,091 91,543 172,721 170,339 
Europe, Middle East and Africa37,362 31,246 72,083 59,668 
Asia-Pacific
China13,738 12,755 27,662 26,786 
Asia-Pacific (excluding China)8,913 11,275 21,644 24,311 
Total Asia-Pacific22,651 24,030 49,306 51,097 
Total Revenue$153,104 $146,819 $294,110 $281,104