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Revenues
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenues

5. Revenues

Revenues by product line. The following table represents total net revenues by product line:

 

 

Three Months Ended June 30,

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

COVID-19 (1)

 

$

43,378

 

 

$

12,070

 

 

$

74,411

 

 

$

40,215

 

Genomics (1)

 

 

15,486

 

 

 

19,498

 

 

 

30,578

 

 

 

30,316

 

HIV

 

 

10,357

 

 

 

10,944

 

 

 

18,523

 

 

 

19,722

 

HCV

 

 

3,691

 

 

 

4,300

 

 

 

6,948

 

 

 

6,668

 

Substance abuse

 

 

2,630

 

 

 

2,629

 

 

 

5,191

 

 

 

4,591

 

Microbiome (1)

 

 

1,832

 

 

 

2,447

 

 

 

3,822

 

 

 

4,198

 

Laboratory services

 

 

1,204

 

 

 

3,114

 

 

 

2,938

 

 

 

5,611

 

Other product and service revenues

 

 

589

 

 

 

739

 

 

 

1,992

 

 

 

999

 

Net product and services revenues

 

 

79,167

 

 

 

55,741

 

 

 

144,403

 

 

 

112,320

 

Royalty income

 

 

642

 

 

 

875

 

 

 

1,326

 

 

 

2,136

 

Other non-product revenues

 

 

422

 

 

 

991

 

 

 

2,209

 

 

 

1,733

 

Other revenues

 

 

1,064

 

 

 

1,866

 

 

 

3,535

 

 

 

3,869

 

Net revenues

 

$

80,231

 

 

$

57,607

 

 

$

147,938

 

 

$

116,189

 

 

(1) 2021 COVID-19, Genomics and Microbiome revenues were reclassified to reflect the correct classification of the product line sales. The reclassification increased (decreased) the product line revenues for the three months ended June 30, 2021 by $490, $(84) and $(406), respectively. The reclassification increased (decreased) the product line revenues for the six months ended June 30, 2021 by $1,073, $(330) and $(743), respectively.

 

Revenues by geographic area. The following table represents total net revenues by geographic area, based on the location of the customer:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

70,320

 

 

$

47,601

 

 

$

128,307

 

 

$

96,700

 

Europe

 

 

2,436

 

 

 

3,325

 

 

 

6,722

 

 

 

7,877

 

Other regions

 

 

7,475

 

 

 

6,681

 

 

 

12,909

 

 

 

11,612

 

 

 

$

80,231

 

 

$

57,607

 

 

$

147,938

 

 

$

116,189

 

 

Customer and Vendor Concentrations. At June 30, 2022, one non-commercial customer accounted for 48% of our accounts receivable and another commercial customer accounted for 10% of our accounts receivable. No customers accounted for more than 10% of our accounts receivable as of December 31, 2021. One non-commercial customer accounted for 56% and 39% of net consolidated revenues for the three and six months ended June 30, 2022. One customer accounted for 14% of net consolidated revenues for the three months ended June 30, 2021. Another customer accounted for 10% and 14%, respectively, of net consolidated revenues for the three and six months ended June 30, 2021.

 

We currently purchase certain products and critical components of our products from sole-supply vendors. If these vendors are unable or unwilling to supply the required components and products, we could be subject to increased costs and substantial delays in the delivery of our products to our customers. Third-party suppliers also manufacture certain products. Our inability to have a timely supply of any of these components and products could have a material adverse effect on our business, as well as our financial condition and results of operations.

 

Deferred Revenue. We record deferred revenue when funds are received prior to the recognition of the associated revenue. Deferred revenue as of June 30, 2022 and December 31, 2021 includes customer prepayments of $1,746 and $1,843, respectively. Deferred revenue as of June 30, 2022 and December 31, 2021 also includes $914 and $1,093, respectively, associated with a long-term contract that has variable pricing based on volume. The average price over the life of the contract was determined and revenue is recognized at that average price.