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Revenue and Accounts Receivable Credit Concentration (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Revenue

Revenues consisted of the following (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Diagnostic tests

 

$

10,206

 

 

$

10,838

 

 

$

15,839

 

 

$

38,033

 

Services

 

 

744

 

 

 

1,047

 

 

 

1,659

 

 

 

2,718

 

Total revenue

 

$

10,950

 

 

$

11,885

 

 

$

17,498

 

 

$

40,751

 

Summary of Revenue and Accounts Receivable by Third-party Payors and Other Customers

The Company’s customers in excess of 10% of total revenue both pertain to our COVID-19 diagnostic testing services, and their related revenue as a percentage of total revenue were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

The State of Colorado

 

 

22

%

 

 

 

 

 

16

%

 

 

 

The Big Ten Conference

 

 

 

 

 

40

%

 

 

 

 

 

53

%

The Company’s third-party payors and other customers in excess of 10% of accounts receivable, and their related accounts receivable as a percentage of total accounts receivable were as follows:

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

The State of Colorado

 

 

27

%

 

 

 

Medicare

 

 

26

%

 

 

30

%

Janssen Research and Development, LLC

 

 

11

%

 

 

14

%

LabCorp DD (formerly Covance)

 

 

4

%

 

 

11

%