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Organization and significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Revenues By Product Line
Total bioproduction tools and services revenue for the years ended December 31, 2023, 2022, and 2021 were comprised of the following:
Years Ended December 31,
(In thousands, except percentages)202320222021(1)
Product revenue
Freezer and thaw$50,622 $66,682 $56,620 
Cell processing65,772 68,509 44,965 
Biostorage services1,301 809 328 
Service revenue
Freezer and thaw1,024 74 - 
Biostorage services16,527 15,234 9,817 
Rental revenue
Biostorage services8,025 10,451 7,426 
Total revenue$143,271 $161,759 $119,156 
(1)2021 revenue includes product revenue related to Global Cooling from May 3, 2021 through December 31, 2021 and product revenue related to Sexton from September 1, 2021 through December 31, 2021.
Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The balances in the table below are partially based on judgments involved in estimating future orders from customers subject to the exercise of material rights pursuant to respective contracts:
(In thousands)2024Total
Rental revenue$900 $900 
Service revenue$50 $50 
Schedule of Earnings Per Share, Basic and Diluted
The following table presents computations of basic and diluted earnings per share:
Year Ended December 31,
(In thousands, except share and earnings per share data)202320222021
Basic and diluted loss per common share
Numerator:
Net loss$(66,427)$(139,805)$(8,908)
Net loss attributable to common shareholders(66,427)(139,805)(8,908)
Denominator:
Weighted-average common shares issued and outstanding43,719,18542,481,02738,503,944
Basic and diluted loss per common share$(1.52)$(3.29)$(0.23)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table sets forth the number of shares excluded from the computation of diluted loss per share, as their inclusion would have been anti-dilutive:
Year Ended December 31,
202320222021
Stock options and restricted stock awards647,348592,4461,637,745
Warrants——18,204
Total647,348592,4461,655,949
Schedule of Cash and Cash Equivalents
The following is a summary of the Company’s cash, cash equivalents, and restricted cash total as presented in the Company’s Consolidated Statements of Cash Flows for the years ended December 31, 2023 and 2022.
(In thousands)20232022
Cash and cash equivalents$35,407 $19,442 
Restricted cash31 31 
Total cash, cash equivalents, and restricted cash$35,438 $19,473 
Schedule of Revenue from External Customers by Products and Services Revenue from foreign customers is denominated in United States dollars or euros.
Years Ended December 31,
Revenue by major product202320222021
CryoStor39 %36 %33 %
780XLE Freezer19 %22 %22 %
The following table represents the Company’s total revenue by geographic area (based on the location of the customer):
Years Ended December 31,
Revenue by customers’ geographic locations(1)
202320222021
United States(2)
80 %79 %85 %
Europe, Middle East, Africa (EMEA)16 %16 %11 %
Other4 %5 %4 %
Total revenue100 %100 %100 %
(1) During the year ended December 31, 2023, the Company updated its methodology for determining the country of origin for its sales. Sales are now recorded by shipping country rather than billing country. The Company updated the methodology retrospectively, adjusting the prior year presentation for all regions presented.
(2) The line item presented above previously bifurcated sales between the United States and Canada. Due to the updated methodology for determining the country of origin for sales, it was noted that Canada no longer was a material location to separately disclose. Canada sales have been included within the "Other" line item in the table above and United States sales has been retained as its own line item to more accurately reflect origin of sales for material regions.
The following table represents the Company’s long-lived assets by geographic area as of December 31:
(In thousands)20232022
United States$33,378 $42,829 
Netherlands6,952 5,437 
Total$40,330 $48,266