v3.25.1
Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from contracts with customers Revenue from contracts with customers
Disaggregation of revenue
The following table depicts the disaggregation of revenue by sales channel mix and customer mix as defined by the nature of workflows (in thousands):
Three months ended March 31,
20252024
Sales channel mix
Direct sales channel$29,970 $34,320 
Distributor channel11,487 10,540 
Total revenue, net$41,457 $44,860 
  
Customer mix  
Academia and government$17,132 $18,404 
Biotechnology, pharmaceutical, distributor and contract research organizations24,325 26,456 
Total revenue, net$41,457 $44,860 
Revenue by geographical markets is presented in Note 21.
Remaining performance obligations
The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially satisfied) as of March 31, 2025 (in thousands):
Less than 1 yearGreater than 1 yearTotal
Product revenue$983 $— $983 
Service revenue26,723 15,717 42,440 
Total revenue$27,706 $15,717 $43,423 
Contract balances
The Company had immaterial amounts of contract assets included within prepaid expenses and other current assets on the consolidated balance sheets. The following table provides information about deferred revenue from contracts with customers, and customer deposits (in thousands):
March 31,
2025		December 31,
2024
Contract liabilities:  
Deferred revenue, current$27,706 $25,492 
Deferred revenue, long-term15,717 16,098 
Customer deposits, which are included in 'Other current liabilities'1,043 1,118 
Total contract liabilities$44,466 $42,708 
The following provides a roll-forward of the contract liabilities (in thousands):
Contract liabilities
Balance at December 31, 2023$39,265 
Revenue recognized(47,190)
Revenue deferred50,633 
Balance at December 31, 2024$42,708 
Revenue recognized(13,347)
Revenue deferred15,105 
Balance at March 31, 2025$44,466