| Schedule of Disaggregated Segment Operating Expenses on Functional Basis |
The following table sets forth information on segment net loss, including significant segment expenses (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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$ |
3,102 |
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$ |
4,051 |
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$ |
5,895 |
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$ |
8,256 |
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Cost of revenue |
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1,596 |
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1,940 |
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3,407 |
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|
4,084 |
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Gross profit |
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1,506 |
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2,111 |
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2,488 |
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4,172 |
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Operating expenses: |
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Compensation expenses |
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7,172 |
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9,399 |
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14,884 |
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18,762 |
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Stock-based compensation |
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1,564 |
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3,872 |
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3,691 |
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8,535 |
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Professional expenses |
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4,536 |
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3,103 |
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7,244 |
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6,170 |
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Business expenses |
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1,916 |
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2,436 |
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4,195 |
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4,673 |
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Facility expenses |
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1,445 |
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1,550 |
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2,983 |
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3,056 |
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Depreciation and amortization |
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1,118 |
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1,327 |
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2,276 |
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|
2,751 |
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Other (1) |
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|
596 |
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|
954 |
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1,312 |
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1,486 |
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Total operating expenses |
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18,347 |
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22,641 |
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36,585 |
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45,433 |
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Interest income |
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2,052 |
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2,992 |
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4,277 |
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6,209 |
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Loss on equity method investment |
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(2,088 |
) |
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(1,841 |
) |
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(3,816 |
) |
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(3,416 |
) |
Other income (expense) |
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(13 |
) |
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3 |
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(81 |
) |
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(755 |
) |
Provision for income taxes |
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9 |
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48 |
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19 |
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|
149 |
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Net loss |
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$ |
(16,899 |
) |
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$ |
(19,424 |
) |
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$ |
(33,736 |
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$ |
(39,372 |
) |
(1)Other includes laboratory expenses, travel expenses, and allocated costs.
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