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Segment and Geographic Information
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information

14. Segment and Geographic Information

Operating Segments

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer. The Company has determined that it operates in one operating and reportable segment, as the CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The CODM uses operating income (loss) as the measure of financial performance and for resource allocation decisions.

Significant Expenses

The Company concluded it operates as one operating and reportable segment based on the information regularly reviewed by the CODM for decision making, resource allocation, and evaluating financial performance. The information included is categorized into different significant expense lines such as compensation and benefits, lab and equipment, professional services, general and administrative, facility, and sales and marketing. For the three months ended March 31, 2025, the Company reported to its CODM $6.4 million in compensation and benefits excluding stock compensation and net of reimbursements, $5.8 million in lab and equipment net of reimbursements, $3.9 million in general and administrative, $6.1 million in professional services, $1.5 million in facility, and $0.2 million in sales and marketing. For the three months ended March 31, 2024, the Company reported to its CODM $7.1 million in compensation and benefits excluding stock compensation and net of reimbursements, $1.3 million in lab and equipment net of reimbursements, $4.8 million in general and administrative, $2.0 million in professional services, $1.0 million in facility, and $0.2 million in sales and marketing.

Geographic Information

For the three months ended March 31, 2025, revenue outside of the United States, based on customer billing address in the Asia Pacific region, was 100% of total revenue.