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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 76,874 $ 53,303 $ 209,810 $ 145,148
Cost of services 29,045 28,044 81,618 85,896
Gross profit 47,829 25,259 128,192 59,252
Research and development 11,665 14,288 34,134 46,018
Selling and marketing 17,025 16,763 49,695 45,397
General and administrative 26,145 26,099 73,760 107,129
Impairment loss 0 8,282 0 10,402
Other operating expenses, net 774 2,794 2,622 5,259
Loss from operations (7,780) (42,967) (32,019) (154,953)
Non-operating income (expenses), net        
Change in fair value of warrants and earn-out contingent liabilities (880) 590 (11,390) 684
Interest (expense) income, net (843) 1,053 (2,334) 2,092
Other income (expense), net 1,144 (1,134) (12,300) 1,668
Total non-operating income (expense), net (579) 509 (26,024) 4,444
Loss before income taxes (8,359) (42,458) (58,043) (150,509)
Income tax benefit 47 172 319 515
Net loss (8,312) (42,286) (57,724) (149,994)
Other comprehensive loss, net of tax        
Unrealized gain related to available for sale securities, net 459 0 493 0
Comprehensive loss $ (7,853) $ (42,286) $ (57,231) $ (149,994)
Weighted average shares outstanding of Class A common stock, Basic (in shares) 27,095,986 25,788,747 26,593,877 23,777,327
Weighted average shares outstanding of Class A common stock, Diluted (in shares) 27,095,986 25,788,747 26,593,877 23,777,327
Basic net loss per share, Class A common stock (in dollars per share) $ (0.31) $ (1.64) $ (2.17) $ (6.31)
Diluted net loss per share, Class A common stock (in dollars per share) $ (0.31) $ (1.64) $ (2.17) $ (6.31)
Class A common stock        
Other comprehensive loss, net of tax        
Weighted average shares outstanding of Class A common stock, Basic (in shares) 27,095,986 25,788,747 26,593,877 23,777,327
Weighted average shares outstanding of Class A common stock, Diluted (in shares) 27,095,986 25,788,747 26,593,877 23,777,327
Basic net loss per share, Class A common stock (in dollars per share) $ (0.31) $ (1.64) $ (2.17) $ (6.31)
Diluted net loss per share, Class A common stock (in dollars per share) $ (0.31) $ (1.64) $ (2.17) $ (6.31)
Diagnostic test revenue        
Total revenue $ 77,418 $ 51,955 $ 207,961 $ 140,440
Other revenue        
Total revenue $ (544) $ 1,348 $ 1,849 $ 4,708