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SEGMENT AND GEOGRAPHIC INFORMATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION
NOTE 9. SEGMENT AND GEOGRAPHIC INFORMATION
We are organized as, and operate in, one reportable segment: the development, manufacturing, and marketing of integrated platforms for genetic analysis. Our chief operating decision-maker ("CODM") is our Chief Executive Officer. Our CODM reviews financial information presented on a consolidated basis for the purposes of evaluating financial performance and allocating resources.
On a regular basis, our CODM reviews:
•total revenues by category
•total expenses and expenses by function, including sales and marketing and general and administrative, which include depreciation and share-based compensation
•net loss per share
Our assets are primarily located in the United States of America and not allocated to any specific region, and we do not measure the performance of geographic regions based upon asset-based metrics. Therefore, geographic information is presented only for revenue.
A summary of the segment profit or loss, including significant segment expenses is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2025202420252024
Total revenue38,441 39,967 115,360 114,790 
Less:
Cost of revenue22,540 29,963 86,146 87,566 
Research and development22,846 25,516 74,428 107,456 
Sales and marketing15,465 18,435 55,057 64,779 
General and administrative15,634 25,311 52,385 68,597 
Impairment charges— — 15,000 93,200 
Change in fair value of contingent consideration— 1,170 (18,700)1,100 
Amortization of acquired intangible assets833 3,649 363,708 13,377 
Other income, net
1,260 3,352 6,775 9,063 
Income tax provision
383 — 116 — 
Consolidated net loss(38,000)(60,725)(506,005)(312,222)
A summary of our revenue by geographic location is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2025202420252024
Americas$18,097 $20,107 $52,087 $58,542 
Europe, Middle East and Africa10,752 9,119 29,459 24,497 
Asia-Pacific9,592 10,741 33,814 31,751 
Total revenue$38,441 $39,967 $115,360 $114,790 
A summary of our revenue by category is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2025202420252024
Instrument revenue$11,318 $16,788 $36,484 $50,491 
Consumable revenue21,279 18,508 60,309 51,560 
Product revenue32,597 35,296 96,793 102,051 
Service and other revenue5,844 4,671 18,567 12,739 
Total revenue$38,441 $39,967 $115,360 $114,790