XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total revenue $ 130,513,000 $ 78,893,000 $ 90,891,000
Cost of revenue:      
Amortization of Intangible Assets 306,000    
Total cost of revenue 71,653,000 46,327,000 56,315,000
Gross profit 58,860,000 32,566,000 34,576,000
Operating expense:      
Research and development 112,899,000 64,152,000 59,630,000
Sales, general and administrative 124,124,000 72,799,000 75,491,000
Merger-related expenses 31,129,000    
Change in fair value of contingent consideration 1,143,000    
Total operating expense 269,295,000 136,951,000 135,121,000
Operating loss (210,435,000) (104,385,000) (100,545,000)
Gain from Reverse Termination Fee from Illumina   98,000,000  
(Loss)/Gain from Continuation Advances from Illumina (52,000,000) 34,000,000 18,000,000
Interest expense (12,530,000) (267,000) (2,611,000)
Other income, net 93,000 2,055,000 1,022,000
Loss before benefit from income taxes (274,872,000) 29,403,000 (84,134,000)
Benefit from income taxes (93,649,000)    
Net income (loss) (181,223,000) 29,403,000 (84,134,000)
Other comprehensive income (loss):      
Unrealized (loss) gain on investments (1,172,000) 80,000 41,000
Comprehensive income (loss) $ (182,395,000) $ 29,483,000 $ (84,093,000)
Net income (loss) per share:      
Basic $ (0.89) $ 0.18 $ (0.55)
Diluted $ (0.89) $ 0.17 $ (0.55)
Weighted average shares outstanding used in computing net income (loss) per share      
Basic 204,136 165,187 152,527
Diluted 204,136 174,970 152,527
Product [Member]      
Revenue:      
Total revenue $ 113,505,000 $ 65,424,000 $ 77,742,000
Cost of revenue:      
Cost of product revenue 56,358,000 35,424,000 44,771,000
Service and Other [Member]      
Revenue:      
Total revenue 17,008,000 13,469,000 13,149,000
Cost of revenue:      
Cost of product revenue $ 14,989,000 $ 10,903,000 $ 11,544,000