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Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table depicts the disaggregation of revenue by sales channel mix and customer mix as defined by the nature of workflows (in thousands):
| Three months ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Sales channel mix |  |  |  |  |  |  |
Direct sales channel | $ | 34,549 |  |  | $ | 37,854 |  |  | $ | 68,869 |  |  | $ | 63,307 |
Distributor channel | 12,068 |  |  | 11,839 |  |  | 22,608 |  |  | 23,474 |
Total revenue, net | $ | 46,617 |  |  | $ | 49,693 |  |  | $ | 91,477 |  |  | $ | 86,781 |
Customer mix |  |  |  |  |  |  |
Academia and government | $ | 20,239 |  |  | $ | 20,405 |  |  | $ | 52,834 |  |  | $ | 35,602 |
Biotechnology, pharmaceutical, distributor and contract research organizations | 26,378 |  |  | 29,288 |  |  | 38,643 |  |  | 51,179 |
Total revenue, net | $ | 46,617 |  |  | $ | 49,693 |  |  | $ | 91,477 |  |  | $ | 86,781 |
Schedule of Estimated Revenues Expected to be Recognized in the Future Related to Performance Obligations | The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially satisfied) as of June 30, 2024 (in thousands):
| Less than 1 year |  | Greater than 1 year |  | Total
Product revenue | $ | 1,079 |  |  | $ | — |  |  | $ | 1,079 |
Service revenue | 22,889 |  |  | 14,064 |  |  | 36,953 |
Total revenue | $ | 23,968 |  |  | $ | 14,064 |  |  | $ | 38,032 |
Schedule of Contract with Customer Contract Asset Contract Liability and Receivable | The following table provides information about receivables, deferred revenue from contracts with customers, and customer deposits (in thousands):
| June 30, 2024 |  | December 31, 2023
Trade accounts receivable | $ | 44,643 |  |  | $ | 55,928 |
Contract liabilities: |  |  |
Deferred revenue | $ | 38,032 |  |  | $ | 37,827 |
Customer deposits, which are included in 'Other current liabilities' | 1,069 |  |  | 1,438 |
Total contract liabilities | $ | 39,101 |  |  | $ | 39,265 |
The following provides a roll-forward of the contract liabilities (in thousands):
Contract liabilities |
Balance at December 31, 2022 | $ | 27,665 |
Revenue recognized | (36,298) |
Revenue deferred | 47,898 |
Balance at December 31, 2023 | $ | 39,265 |
Revenue recognized | (22,779) |
Revenue deferred | 22,615 |
Balance at June 30, 2024 | $ | 39,101 |

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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 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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