XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 35,467 $ 30,610 $ 68,640 $ 59,607
Cost of revenue:        
Cost of product revenue 15,499 13,222 30,319 25,919
Cost of service and other revenue 3,592 3,635 7,607 6,958
Amortization of Intangible Assets 183   366  
Total cost of revenue 19,274 16,857 38,292 32,877
Gross profit 16,193 13,753 30,348 26,730
Operating expense:        
Research and development 50,348 22,266 103,285 42,815
Sales, general and administrative 39,252 29,060 79,056 55,198
Change in fair value of contingent consideration (5,438)   (6,501)  
Total operating expense 84,162 51,326 175,840 98,013
Operating loss (67,969) (37,573) (145,492) (71,283)
(Loss)/Gain from Continuation Advances from Illumina       (52,000)
Interest expense (3,681) (3,589) (7,378) (5,378)
Other income (expense), net 256 161 (23) 225
Net loss (71,394) (41,001) (152,893) (128,436)
Other comprehensive loss:        
Unrealized loss on investments (1,372) (80) (4,370) (91)
Comprehensive loss $ (72,766) $ (41,081) $ (157,263) $ (128,527)
Net loss per share:        
Diluted $ (0.32) $ (0.21) $ (0.68) $ (0.65)
Basic $ (0.32) $ (0.21) $ (0.68) $ (0.65)
Weighted average shares outstanding used in calculating net loss per share:        
Basic 224,499 198,568 223,400 196,690
Diluted 224,499 198,568 223,400 196,690
Product [Member]        
Revenue:        
Total revenue $ 30,175 $ 26,533 $ 58,419 $ 51,836
Service and Other [Member]        
Revenue:        
Total revenue $ 5,292 $ 4,077 $ 10,221 $ 7,771