v3.26.1
Business Segment Information
 6 Months Ended
Jun. 30, 2026
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 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,
20262025
United States$36,548 $36,254 
United Kingdom8,982 10,061 
Canada4,003 4,642 
Other regions315 364 
$49,848 $51,321 
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,
2026202520262025
Net revenues$30,639 $31,242 $58,564 $61,173 
Cost of products and services sold (2)
17,322 18,083 33,443 35,715 
Gross profit13,317 13,159 25,121 25,458 
Research and development (2)
9,437 11,401 23,091 21,004 
Sales and marketing (2)
6,604 6,375 13,374 13,234 
General and administrative (2)
14,429 12,676 28,985 26,778 
Change in the estimated fair value of acquisition-related contingent consideration(22,573)733 (22,480)1,211 
Gain on sale of assets(20)— (20)(993)
Operating income (loss)5,440 (18,026)(17,829)(35,776)
Other income (expense)235 — 404 (16)
Interest revenue1,205 2,073 2,425 4,228 
Other segment items (1)
(63)(938)96 (1,299)
Income (loss) before income taxes and equity investment6,817 (16,891)(14,904)(32,863)
Income tax expense (benefit)55 2,000 (377)1,544 
Loss on equity investment(513)(802)(1,601)(1,326)
Net income (loss)$6,249 $(19,693)$(16,128)$(35,733)

(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,
2026202520262025
Stock-based Compensation
Cost of products and services sold$191 $207 $381 $376 
Research and development357 279 637 482 
Sales and marketing215 217 419 435 
General and administrative1,524 2,462 3,618 4,559 
$2,287 $3,165 $5,055 $5,852 
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Depreciation & Amortization
Cost of products and services sold$976 $1,060 $1,968 $2,449 
Research and development176 569 525 1,054 
Sales and marketing173 30 175 57 
General and administrative1,046 868 2,044 1,775 
$2,371 $2,526 $4,712 $5,334