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SEGMENT AND GEOGRAPHIC INFORMATION
 9 Months Ended
Sep. 30, 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 September 30,Nine Months Ended September 30,
(In thousands)2026202520262025
Total revenue$40,564 $38,441 $116,749 $115,360 
Less:
Cost of revenue27,094 22,540 77,800 86,146 
Research and development20,223 22,846 62,853 74,428 
Sales and marketing13,870 15,465 48,140 55,057 
General and administrative15,546 15,634 45,822 52,385 
Impairment charges— — — 15,000 
Settlement charges— — 15,400 — 
Gain on disposal of assets— — (45,796)— 
Change in fair value of contingent consideration— — — (18,700)
Amortization of acquired intangible assets833 833 2,499 363,708 
Operating loss(37,002)(38,877)(89,969)(512,664)
Other income (expense), net(575)1,260 (382)6,775 
Loss before income taxes(37,577)(37,617)(90,351)(505,889)
Income tax provision269 383 511 116 
Net loss$(37,846)$(38,000)$(90,862)$(506,005)
A summary of our revenue by geographic location is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2026202520262025
Americas$18,230 $18,097 $52,539 $52,087 
Europe, Middle East and Africa14,017 10,752 39,212 29,459 
Asia-Pacific8,317 9,592 24,998 33,814 
Total revenue$40,564 $38,441 $116,749 $115,360 
A summary of our revenue by category is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2026202520262025
Instrument revenue$13,179 $11,318 $35,739 $36,484 
Consumables revenue20,823 21,279 62,747 60,309 
Product revenue34,002 32,597 98,486 96,793 
Service and other revenue6,562 5,844 18,263 18,567 
Total revenue$40,564 $38,441 $116,749 $115,360