v3.25.2
Business Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segments Business Segment Information
The Company's reportable segment derives its revenues from the sale of diagnostics products and sample management solutions, as described in Note 1 Summary of Significant Accounting Policies. As the Company has only one reportable segment, there are no inter-segment sales or transfers.
The Company's Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. The CODM uses consolidated net income (loss) as reported in the consolidated statement of operations as the primary measure of the reportable segment's profit or loss. The CODM uses consolidated net income (loss) to assess the performance of the segment and make decisions about resource allocation. Consolidated gross profit and consolidated operating income (loss), as reported in the consolidated statement of operations, are also used by the CODM as measures of segment profit or loss. The CODM uses gross profit to assess the impact of the Company's efforts to achieve manufacturing efficiencies and consolidate its production activities. The CODM uses operating income (loss) to assess the impact of the Company's recent restructurings, reduction in workforce, and efforts to streamline its operations to achieve cost savings. The CODM uses consolidated total assets as the measure of segment assets, as reported on the consolidated balance sheet.
The accounting policies of the Company's reportable segment are the same as those described in Note 1 Summary of Significant Accounting Policies.
The following table represents total long-lived assets by geographic area:

June 30,December 31,
20252024
United States$38,418 $40,286 
United Kingdom11,037 12,849 
Canada5,237 5,468 
Other regions347 89 
$55,039 $58,692 
The following table represents reported segment revenues, segment loss, and significant segment expenses:

For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Net revenues31,242 54,335 61,173 108,467 
Cost of products and services sold (2)
18,083 29,646 35,715 59,713 
Gross profit13,159 24,689 25,458 48,754 
Research and development (2)
11,401 6,599 21,004 14,337 
Sales and marketing (2)
6,375 7,931 13,234 16,379 
General and administrative (2)
12,676 11,845 26,778 23,479 
Loss on impairments— 1,054 — 4,392 
Change in the estimated fair value of acquisition-related contingent consideration733 — 1,211 — 
Gain on sale of assets— — (993)— 
Operating (loss) income(18,026)(2,740)(35,776)58,587 
Other (expense) income— (43)(16)241 
Interest revenue2,073 3,031 4,228 6,052 
Other segment items (1)
(938)78 (1,299)264 
(Loss) income before income taxes(16,891)326 (32,863)(3,276)
Income tax expense2,000 381 1,544 363 
Loss on equity investment(802)(560)(1,326)(560)
Net loss$(19,693)(615)(35,733)(4,199)

(1) Includes interest expense and foreign currency gains (losses).
(2) The following tables represent additional significant segment expense categories:


For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Stock-based Compensation
Cost of products and services sold$207 $193 $376 $344 
Research and development279 264 482 530 
Sales and marketing217 313 435 570 
General and administrative2,462 2,552 4,559 4,846 
$3,165 $3,322 $5,852 $6,290