v3.26.1
Segment, customer, and geographic information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment, customer, and geographic information Segment, customer, and geographic information
The Company views its operations and makes decisions regarding how to allocate resources and manages its business as one reportable segment and one reporting unit. The Company’s Chief Executive Officer, Mr. Roderick de Greef, who is the CODM, reviews the Company’s operations on a consolidated basis for purposes of allocating resources and evaluating financial performance. As a single reportable segment entity, the Company’s segment performance measure is consolidated net income (loss) from continuing operations.
The CODM uses net income (loss) from continuing operations to evaluate income (loss) generated from the single reporting unit to monitor budget versus actual results and assess performance.
Significant segment expenses are presented in the Company’s Unaudited Condensed Consolidated Statements of Operations. Additional significant segment expenses that are not separately presented in the Company’s Unaudited Condensed Consolidated Statements of Operations include Shared-based compensation and Depreciation expense. These are presented in the Unaudited Condensed Consolidated Statement of Cash Flows, and Note 13: Stock-based compensation and Note 8: Property and equipment, net.
Other expense items not individually significant in net income (loss) from continuing operations are changes in inventory values due to changes in its carrying basis, costs associated with the Company’s acquisitions or divestitures in the period these take place, and gain or loss on disposal of fixed assets. The information provided to the Company’s CODM for purposes of making decisions and assessing segment performance excludes asset information.
Concentrations of risk
Significant customers are those that represent more than 10% of the Company’s total revenue or gross accounts receivable balances for the periods and as of each balance sheet date presented. For each significant customer, revenue as a percentage of total revenue and gross accounts receivable as a percentage of total gross accounts receivable as of the periods presented were as follows:
Accounts ReceivableRevenue
June 30,December 31,Three Months Ended June 30,Six Months Ended June 30,
202620252026202520262025
Customer A10 %12 %****
Customer B*22 %****
Customer C**14 %16 %15 %18 %
Customer D36 %*21 %18 %22 %15 %
Customer E**12 %*10 %*
*less than 10%
The following is a summary of revenue by major product family representing over 10% of the Company's total revenue:
Three Months Ended
June 30,		Six Months Ended
June 30,
Product revenue concentration2026202520262025
CryoStor84 %80 %83 %82 %
The following table represents the Company’s total revenue by geographic area (based on the location of the customer):
Three Months Ended
June 30,		Six Months Ended
June 30,
Revenue by customers’ geographic locations
2026202520262025
United States81%88%80%84%
Europe, Middle East, Africa (EMEA)13%7%14%11%
Other6%5%6%5%
Total revenue100%100%100%100%
All of the Company's long-lived assets, totaling $23.9 million as of June 30, 2026, are located within the United States.
In the three and six months ended June 30, 2026, one supplier accounted for 20% and 21% of purchases. In the three and six months ended June 30, 2025, no suppliers accounted for more than 10% of purchases.
As of June 30, 2026, three different suppliers accounted for 33%, 11%, and 11% of accounts payable, respectively. As of December 31, 2025, three different suppliers accounted for 28%, 18%, and 17% of accounts payable, respectively.