| Segment Reporting |
The following table sets forth information on segment net loss, including significant segment expenses (in thousands):
|
|
|
|
|
|
|
|
|
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|
Three Months Ended March 31, |
|
|
|
2025 |
|
|
2024 |
|
Revenue |
|
$ |
4,205 |
|
|
$ |
3,066 |
|
Cost of revenue |
|
|
2,144 |
|
|
|
1,705 |
|
Gross profit |
|
|
2,061 |
|
|
|
1,361 |
|
Operating expenses: |
|
|
|
|
|
|
Compensation expenses |
|
|
9,363 |
|
|
|
9,718 |
|
Stock-based compensation |
|
|
4,663 |
|
|
|
7,580 |
|
Professional expenses |
|
|
3,067 |
|
|
|
2,946 |
|
Business expenses |
|
|
2,237 |
|
|
|
2,424 |
|
Facility expenses |
|
|
1,506 |
|
|
|
1,506 |
|
Depreciation and amortization |
|
|
1,424 |
|
|
|
1,436 |
|
Other (1) |
|
|
532 |
|
|
|
943 |
|
Total operating expenses |
|
|
22,792 |
|
|
|
26,553 |
|
|
|
|
|
|
|
|
Interest income |
|
|
3,217 |
|
|
|
4,586 |
|
Loss on equity method investment |
|
|
(1,575 |
) |
|
|
— |
|
Other expense |
|
|
(758 |
) |
|
|
(73 |
) |
Provision for income taxes |
|
|
101 |
|
|
|
— |
|
Net loss |
|
$ |
(19,948 |
) |
|
$ |
(20,679 |
) |
(1)Other includes laboratory expenses, travel expenses, and allocated costs. As of March 31, 2025, long-lived assets were primarily located in the United States.
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