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Revenue and Accounts Receivable Credit Concentration (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Revenue

Revenues consisted of the following (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Diagnostic Tests

 

$

19,835

 

 

$

17,168

 

 

$

54,049

 

 

$

47,503

 

Development Services

 

 

1,933

 

 

 

983

 

 

 

5,695

 

 

 

3,391

 

Total revenues

 

$

21,768

 

 

$

18,151

 

 

$

59,744

 

 

$

50,894

 

Summary of Revenue and Accounts Receivable by Third-party Payors and Other Customers

The Company’s customers in excess of 10% of total revenue and their related revenue as a percentage of total revenue were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

United Healthcare

 

 

11

%

 

 

7

%

 

 

8

%

 

 

8

%

The Company’s third-party payors and other customers in excess of 10% of accounts receivable, and their related accounts receivable as a percentage of total accounts receivable were as follows:

 

 

As of

 

 

 

 

September 30, 2025

 

 

December 31, 2024

 

 

Medicare

 

 

16

%

 

 

21

%

 

Bio-Rad Laboratories, Inc.

 

 

22

%

 

 

 

 

Daiichi Sankyo

 

 

 

 

 

14

%