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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Total revenue $ 200,521 $ 128,304 $ 130,513
Cost of Revenue:      
Amortization of acquired intangible assets 1,983 733 306
Loss on purchase commitment 3,436 3,705 0
Total cost of revenue 147,741 79,269 71,653
Gross profit 52,780 49,035 58,860
Operating Expense:      
Research and development 187,170 193,000 112,899
Sales, general and administrative 169,818 160,854 124,124
Merger-related expenses 9,042 0 31,129
Change in fair value of contingent consideration 15,060 2,377 1,143
Amortization of acquired intangible assets 6,157 0 0
Total operating expense 387,247 356,231 269,295
Operating loss (334,467) (307,196) (210,435)
Loss from Continuation Advances from Illumina 0 0 (52,000)
Loss on extinguishment of debt (2,033) 0 0
Interest expense (14,343) (14,690) (12,530)
Other income, net 32,684 7,638 93
Loss before benefit from income taxes (318,159) (314,248) (274,872)
Benefit from income taxes (11,424) 0 (93,649)
Net loss (306,735) (314,248) (181,223)
Other comprehensive income (loss):      
Unrealized gain (loss) on investments 4,984 (3,678) (1,172)
Comprehensive loss $ (301,751) $ (317,926) $ (182,395)
Net loss per share:      
Basic (in usd per share) $ (1.21) $ (1.40) $ (0.89)
Diluted (in usd per share) $ (1.21) $ (1.40) $ (0.89)
Earnings Per Share, Basic, Other Disclosure [Abstract]      
Basic (in shares) 253,629 224,550 204,136
Diluted (in shares) 253,629 224,550 204,136
Product revenue      
Revenue:      
Total revenue $ 183,872 $ 108,699 $ 113,505
Cost of Revenue:      
Cost of product revenue 127,568 60,932 56,358
Service and other revenue      
Revenue:      
Total revenue 16,649 19,605 17,008
Cost of Revenue:      
Cost of service and other revenue $ 14,754 $ 13,899 $ 14,989