v3.25.4
Business Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION:
The Company is organized on the basis of products and services into a single reportable segment. All products and services reside under the same reporting hierarchy. The Company's reportable segment derives its revenues from the sale of diagnostics products and sample management solutions, as described in Note 2 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 2 Summary of Significant Accounting Policies.
The following table represents total long-lived assets by geographic area:
December 31,
20252024
United States$36,254 $40,286 
United Kingdom10,061 12,849 
Canada4,642 5,468 
Other regions364 89 
$51,321 $58,692 
The following table represents reported segment revenues, segment profit (loss), and significant segment expenses:
For the Years Ended December 31,
202520242023
Net revenues$115,021 $185,827 405,472 
Cost of products and services sold (3)
66,823 106,437 233,820 
Gross profit48,198 79,390 171,652 
Research and development (3)
42,528 26,047 33,728 
Sales and marketing (3)
26,117 30,986 36,319 
General and administrative (3)
47,677 46,215 58,191 
Loss on impairments— 4,392 10,829 
Change in the estimated fair value of acquisition-related contingent consideration4,570 — (99)
Gain on sale of assets(725)— — 
Operating (loss) income(71,969)(28,250)32,684 
Other income (expense) (1)
229 (380)17,836 
Interest revenue8,078 11,469 5,862 
Other segment items (2)
(924)1,160 (124)
(Loss) income before income taxes and equity investment(64,586)(16,001)56,258 
Income tax expense1,801 1,799 2,603 
Loss on equity investment(2,344)(1,700)— 
Net (loss) income$(68,731)$(19,500)$53,655 

(1) Includes $12.8 million of excess profits recognized on government contracts in 2023.
(2) Includes interest expense and foreign currency gains (losses).
(3) The following tables represent additional significant segment expense categories:
For the Years Ended December 31,
202520242023
Stock-based Compensation
Cost of products and services sold$707 734 564 
Research and development1,046 839 1,159 
Sales and marketing863 1,129 1,181 
General and administrative7,531 9,218 7,826 
$10,147 $11,920 $10,729 
For the Years Ended December 31,
202520242023
Depreciation and Amortization
Cost of products and services sold$4,527 $6,343 $15,311 
Research and development2,081 1,029 1,208 
Sales and marketing80 189 571 
General and administrative3,504 3,311 3,846 
$10,192 $10,872 $20,936