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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Summary of Reportable Revenues by Geographic Regions | The following table summarizes reportable revenue by geographic regions (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Testing services revenue |  |  |  |  |  |  |
United States | $ | 61,670 |  |  | $ | 70,699 |  |  | $ | 123,108 |  |  | $ | 124,349 |
Rest of World | 363 |  |  | 219 |  |  | 846 |  |  | 406 |
| $ | 62,033 |  |  | $ | 70,918 |  |  | $ | 123,954 |  |  | $ | 124,755 |
Product revenue |  |  |  |  |  |  |
United States | $ | 7,193 |  |  | $ | 6,575 |  |  | $ | 13,700 |  |  | $ | 11,851 |
Rest of World | 4,640 |  |  | 4,035 |  |  | 8,943 |  |  | 7,353 |
| $ | 11,833 |  |  | $ | 10,610 |  |  | $ | 22,643 |  |  | $ | 19,204 |
Patient and digital solutions revenue |  |  |  |  |  |  |
United States | $ | 12,778 |  |  | $ | 10,694 |  |  | $ | 24,698 |  |  | $ | 20,278 |
Rest of World | 35 |  |  | 52 |  |  | 69 |  |  | 86 |
| $ | 12,813 |  |  | $ | 10,746 |  |  | $ | 24,767 |  |  | $ | 20,364 |
Total revenue |  |  |  |  |  |  |
Total United States | $ | 81,641 |  |  | $ | 87,968 |  |  | $ | 161,506 |  |  | $ | 156,478 |
Total Rest of World | 5,038 |  |  | 4,306 |  |  | 9,858 |  |  | 7,845 |
| $ | 86,679 |  |  | $ | 92,274 |  |  | $ | 171,364 |  |  | $ | 164,323 |
Summary of Long-Lived Assets Consisting of Property and Equipment, Net by Geographic Regions | The following table summarizes long-lived assets, consisting of property and equipment, net, by geographic regions (in thousands):
| June 30, 2025 |  | December 31, 2024
Long-lived assets: |  |  |
United States | $ | 31,677 |  |  | $ | 33,286 |
Rest of World | 257 |  |  | 266 |
Total | $ | 31,934 |  |  | $ | 33,552 |
Schedule of Reconciliation of Revenue to Net Loss | The following table summarizes the reconciliation to net loss (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenue: |  |  |  |  |  |  |
Testing services revenue | $ | 62,033 |  |  | $ | 70,918 |  |  | $ | 123,954 |  |  | $ | 124,755 |
Product revenue | 11,833 |  |  | 10,610 |  |  | 22,643 |  |  | 19,204 |
Patient and digital solutions revenue | 12,813 |  |  | 10,746 |  |  | 24,767 |  |  | 20,364 |
Total revenue | 86,679 |  |  | 92,274 |  |  | 171,364 |  |  | 164,323 |
Less: |  |  |  |  |  |  |
Cost of testing services 1 | 14,731 |  |  | 13,622 |  |  | 29,134 |  |  | 26,468 |
Cost of product 1 | 4,431 |  |  | 5,662 |  |  | 9,374 |  |  | 10,269 |
Cost of patient and digital solutions 1 | 7,929 |  |  | 6,805 |  |  | 15,273 |  |  | 13,120 |
Personnel cost | 29,330 |  |  | 30,843 |  |  | 60,073 |  |  | 57,371 |
Professional and legal fees | 12,348 |  |  | 10,033 |  |  | 22,540 |  |  | 22,206 |
Research materials and clinical trials expense | 4,057 |  |  | 4,724 |  |  | 7,231 |  |  | 8,204 |
Depreciation and amortization expense | 2,951 |  |  | 3,108 |  |  | 5,901 |  |  | 6,486 |
Stock-based compensation expense | 9,424 |  |  | 16,399 |  |  | 18,355 |  |  | 32,972 |
Litigation settlement expense | 350 |  |  | — |  |  | 5,710 |  |  | — |
Transformational initiative costs 2 | 1,871 |  |  | — |  |  | 1,871 |  |  | — |
Other segment items 3 | 10,189 |  |  | 8,527 |  |  | 19,970 |  |  | 17,450 |
Interest income, net | (2,364) |  |  | (2,826) |  |  | (5,147) |  |  | (5,712) |
Segment and condensed consolidated net loss | $ | (8,568) |  |  | $ | (4,623) |  |  | $ | (18,921) |  |  | $ | (24,511) |
1 Cost of testing services, cost of product and cost of patient and digital solutions include depreciation expense 2 Transformational initiative costs consist of consulting expenses which relate to the Company's ongoing transformation strategy that we have undertaken as a series of initiatives focused on operational excellence, enterprise-wide efficiency, and long-term strategic growth. 3 Other segment items include the following: acquisition costs, software expenses, corporate expenses, rent and maintenance expense, travel and event related expense, and other expenses (income)

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