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Revenue and Geographic Area (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables present the Company's revenue for the years ended December 31, 2024, 2023, and 2022, respectively, based on product type and the geographic location of customers’ facilities (in thousands):

		Year Ended December 31,
		2024				2023				2022
Product revenue:
Instruments		$	28,504			$	37,459			$	25,664
Consumables			60,064				41,739				46,790
Total product revenue			88,568				79,198				72,454
Service revenue:
Lab services			56,484				706				493
Field services			24,649				25,274				23,219
Total service revenue			81,133				25,980				23,712
Product and service revenue			169,701				105,178				96,166
Collaboration and other revenue			4,731				1,162				1,782
Total revenue		$	174,432			$	106,340			$	97,948

		Year Ended December 31,
		2024				2023				2022
Americas		$	93,462			$	46,196			$	43,982
Europe, Middle East and Africa (EMEA)			52,319				36,201				33,136
Asia-Pacific			28,651				23,943				20,830
Total revenue		$	174,432			$	106,340			$	97,948

Summary of the Change in Deferred Revenue

A summary of the change in deferred revenue is as follows (in thousands):

		NEC				Illumina				Other				Total
Deferred revenue at December 31, 2021		$	—			$	—			$	17,913			$	17,913
Recognition of revenue from beginning deferred revenue balances			—				—				(10,848	)			(10,848	)
Revenue deferred during the period, net of revenue recognized			—				—				7,543				7,543
Deferred revenue at December 31, 2022			—				—				14,608				14,608
Recognition of revenue from beginning deferred revenue balances			—				—				(10,565	)			(10,565	)
Revenue deferred during the period, net of revenue recognized			—				—				11,084				11,084
Deferred revenue at December 31, 2023			—				—				15,127				15,127
Deferred revenue assumed in business combinations			1,773				30,418				2,417				34,608
Recognition of revenue from beginning or assumed deferred revenue balances			(1,510	)			(406	)			(12,667	)			(14,583	)
Revenue deferred during the period, net of revenue recognized			500				—				10,140				10,640
Deferred revenue at December 31, 2024		$	763			$	30,012			$	15,017			$	45,792

Schedule of Expected Timing of Revenue Recognition

The Company expects to recognize revenue from unfulfilled performance obligations associated with service contracts that were partially completed as of December 31, 2024 in the following periods (in thousands):

Fiscal Year		Expected Revenue (1)
2025		$	10,763
2026			3,798
2027			1,329
Thereafter			713
Total		$	16,603

(1)Expected revenue includes both billed amounts included in deferred revenue and unbilled amounts that are not reflected in the Company's consolidated financial statements and are subject to change if the Company's customers decide to cancel or modify their contracts. Purchase orders for instrument service contracts can generally be canceled before the service period begins.

Long-lived Assets by Geographic Areas

The Company had long-lived assets consisting of property and equipment, net of accumulated depreciation, and operating lease ROU assets, net of accumulated amortization, in the following geographic areas for each year presented (in thousands):

		December 31,
		2024				2023
United States		$	51,794			$	29,646
Singapore			13,042				17,097
Canada			4,837				6,231
Other Asia-Pacific			1,101				889
EMEA			610				987
Total		$	71,384			$	54,850

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
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Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

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