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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Profit or Loss | A summary of the segment profit or loss, including significant segment expenses is as follows:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Total revenue | 154,014 |  |  | 200,521 |  |  | 128,304 |
Less: |  |  |  |  |
Cost of revenue | 116,732 |  |  | 147,741 |  |  | 79,269 |
Research and development | 134,922 |  |  | 187,170 |  |  | 193,000 |
Sales and marketing | 87,244 |  |  | 79,287 |  |  | 84,465 |
General and administrative | 87,773 |  |  | 90,531 |  |  | 76,389 |
Impairment charges | 184,500 |  |  | — |  |  | — |
Merger-related expenses | — |  |  | 9,042 |  |  | — |
Change in fair value of contingent consideration | (850) |  |  | 15,060 |  |  | 2,377 |
Amortization of acquired intangible assets | 18,006 |  |  | 6,157 |  |  | — |
Loss on extinguishment of debt | — |  |  | 2,033 |  |  | — |
Gain on debt restructuring | (154,407) |  |  | — |  |  | — |
Other income (expense), net | 10,371 |  |  | 18,341 |  |  | (7,052) |
Income tax provision (benefit) | 316 |  |  | (11,424) |  |  | — |
Consolidated net loss | (309,851) |  |  | (306,735) |  |  | (314,248) |
Schedule of Revenue by Geographic Location | A summary of our revenue by geographic location is as follows:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Americas (1) | $ | 78,711 |  |  | $ | 105,410 |  |  | $ | 69,561 |
Europe, Middle East, and Africa | 34,594 |  |  | 40,658 |  |  | 22,598 |
Asia-Pacific | 40,709 |  |  | 54,453 |  |  | 36,145 |
Total | $ | 154,014 |  |  | $ | 200,521 |  |  | $ | 128,304 |
(1) Includes United States revenue of $75.3 million, $100.5 million, and $66.8 million for the years ended December 31, 2024, 2023, and 2022, respectively.
Schedule of Revenue by Category | A summary of our revenue by category is as follows:
| Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Instrument revenue | $ | 65,776 |  |  | $ | 120,451 |  |  | $ | 48,719 |
Consumable revenue | 70,373 |  |  | 63,421 |  |  | 59,980 |
Product revenue | 136,149 |  |  | 183,872 |  |  | 108,699 |
Service and other revenue | 17,865 |  |  | 16,649 |  |  | 19,605 |
Total revenue | $ | 154,014 |  |  | $ | 200,521 |  |  | $ | 128,304 |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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