Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

Goodwill is tested annually for impairment at the reporting unit level during the fourth quarter or upon the occurrence of certain events or substantive changes in circumstances. There were no indicators of impairment as of March 31, 2025. The balance of the Company’s goodwill was $40.3 million as of March 31, 2025 and December 31, 2024.

Intangible Assets

The following table presents details of the Company’s intangible assets as of March 31, 2025 ($ in thousands):


	March 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation		Net Carrying Amount		Weighted Average Remaining Useful Life (In Years)
Intangible assets with finite lives:
Acquired and developed technology	$	37,367	$	(22,066)	$	(2,331)	$	12,970	6.4
Customer relationships	25,718		(11,196)		(1,979)		12,543		8.1
Commercialization rights	11,579		(6,075)		—		5,504		4.3
Trademarks and tradenames	5,220		(2,190)		(293)		2,737		8.3

Total intangible assets with finite lives	79,884		(41,527)		(4,603)		33,754
Intangible assets with indefinite lives:
Acquired in-process technology	1,250		—		—		1,250
Favorable license agreement	2,243		—		—		2,243
Total intangible assets with indefinite lives	3,493		—		—		3,493
Total intangible assets	$	83,377	$	(41,527)	$	(4,603)	$	37,247

The following table presents details of the Company’s intangible assets as of December 31, 2024 ($ in thousands):


	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation		Net Carrying Amount		Weighted Average Remaining Useful Life (In Years)
Intangible assets with finite lives:
Acquired and developed technology	$	37,367	$	(21,357)	$	(2,531)	$	13,479	6.6
Customer relationships	25,718		(10,777)		(2,332)		12,609		8.4
Commercialization rights	11,579		(5,760)		—		5,819		4.6
Trademarks and tradenames	5,220		(2,094)		(356)		2,770		8.5

Total intangible assets with finite lives	79,884		(39,988)		(5,219)		34,677
Intangible assets with indefinite lives:
Acquired in-process technology	1,250		—		—		1,250
Favorable license agreement	2,257		—		—		2,257
Total intangible assets with indefinite lives	3,507		—		—		3,507
Total intangible assets	$	83,391	$	(39,988)	$	(5,219)	$	38,184

As of March 31, 2025, the Company did not identify any impairment triggering events that would indicate that the carrying value of the intangible assets was not recoverable.

The following table summarizes the Company’s amortization expense of finite-lived intangible assets (in thousands):


	Three Months Ended March 31,
	2025		2024
Cost of testing services	$	347	$	329
Cost of product	412		420
Cost of patient and digital solutions	152		271
Sales and marketing	628		633
Total	$	1,539	$	1,653

The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of March 31, 2025 (in thousands):


Years Ending December 31,	Total
Remainder of 2025	$	4,709
2026	5,307
2027	5,294
2028	5,294
2029	4,579
Thereafter	8,571
Total future amortization expense	$	33,754