XML 31 R21.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Reporting
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the Company’s Chief Operating Decision Maker (“CODM”), or decision making group, whose function is to allocate resources to and assess the performance of the operating segments. The Company has identified its Chief Executive Officer as the CODM. In determining its reportable segments, the Company considered the markets and types of customers served and the products or services provided in those markets. The Company operates in a single reportable segment.
Revenues by geographic regions are based upon the customers’ ship-to address for product revenue and the region of testing for testing services revenue. The following table summarizes reportable revenues by geographic regions (in thousands):
Three Months Ended March 31,
20242023
Testing services revenue
United States$53,650 $61,647 
Rest of World187 137 
$53,837 $61,784 
Product revenue
United States$5,276 $3,727 
Europe2,282 2,461 
Rest of World1,036 673 
$8,594 $6,861 
Patient and digital solutions revenue
United States$9,584 $8,506 
Europe27 84 
Rest of World7 27 
$9,618 $8,617 
Total United States$68,510 $73,880 
Total Europe$2,309 $2,545 
Total Rest of World$1,230 $837 
Total$72,049 $77,262 
The following table summarizes long-lived assets, consisting of property and equipment, net, by geographic regions (in thousands):
March 31, 2024December 31, 2023
Long-lived assets:
United States$33,944 $34,714 
Europe416 476 
Rest of World51 56 
Total$34,411 $35,246