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SEGMENT AND GEOGRAPHIC INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION
NOTE 9. SEGMENT AND GEOGRAPHIC INFORMATION
We are organized as, and operate in, one reportable segment: the development, manufacturing, and marketing of integrated platforms for genetic analysis. Our chief operating decision-maker ("CODM") is our Chief Executive Officer. Our CODM reviews financial information presented on a consolidated basis for the purposes of evaluating financial performance and allocating resources.
On a regular basis, our CODM reviews:
•total revenues by category
•total expenses and expenses by function, including sales and marketing and general and administrative, which include depreciation and share-based compensation
•net loss per share
Our assets are primarily located in the United States of America and not allocated to any specific region, and we do not measure the performance of geographic regions based upon asset-based metrics. Therefore, geographic information is presented only for revenue.
A summary of the segment profit or loss, including significant segment expenses is as follows:
Three Months Ended March 31,
(In thousands)20262025
Total revenue37,178 37,153 
Less:
Cost of revenue24,337 38,524 
Research and development19,608 29,053 
Sales and marketing15,778 20,076 
General and administrative15,375 20,092 
Impairment charges— 15,000 
Settlement charges15,400 — 
Gain on disposal of assets(45,796)— 
Change in fair value of contingent consideration— (18,700)
Amortization of acquired intangible assets833 362,042 
Other income, net266 2,557 
Income tax provision (benefit)184 (302)
Consolidated net loss(8,275)(426,075)
A summary of our revenue by geographic location is as follows:
Three Months Ended March 31,
(In thousands)20262025
Americas$16,685 $16,303 
Europe, Middle East and Africa10,769 9,240 
Asia-Pacific9,724 11,610 
Total revenue$37,178 $37,153 
A summary of our revenue by category is as follows:
Three Months Ended March 31,
(In thousands)20262025
Instrument revenue$9,721 $11,016 
Consumable revenue21,813 20,097 
Product revenue31,534 31,113 
Service and other revenue5,644 6,040 
Total revenue$37,178 $37,153