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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues [Abstract]        
Revenue $ 43,190 $ 48,926 $ 85,063 $ 86,573
Operating expenses        
Cost of revenue 19,317 17,910 37,368 36,591
Research and development 25,353 32,237 55,598 64,838
Sales and marketing 20,314 23,872 42,633 46,180
General and administrative 17,895 22,302 37,492 43,133
Amortization of intangible assets 424 423 847 842
Impairment of long-lived assets [1] 7,205   7,205  
Total operating expenses 90,508 96,744 181,143 191,584
Loss from operations (47,318) (47,818) (96,080) (105,011)
Interest and other income, net 3,766 3,612 7,988 6,636
Interest expense [2] (2,696) (3,605) (5,689) (7,136)
Net loss (46,248) (47,811) (93,781) (105,511)
Add: Net loss attributable to noncontrolling interest 26 1 52 2
Net loss attributable to Adaptive Biotechnologies Corporation $ (46,222) $ (47,810) $ (93,729) $ (105,509)
Net loss per share attributable to Adaptive Biotechnologies Corporation common shareholders, basic $ (0.31) $ (0.33) $ (0.64) $ (0.73)
Weighted-average shares used in computing net loss per share attributable to Adaptive Biotechnologies Corporation common shareholders, basic 147,414,095 144,397,693 146,600,811 143,956,867
Net loss per share attributable to Adaptive Biotechnologies Corporation common shareholders, diluted $ (0.31) $ (0.33) $ (0.64) $ (0.73)
Weighted-average shares used in computing net loss per share attributable to Adaptive Biotechnologies Corporation common shareholders, diluted 147,414,095 144,397,693 146,600,811 143,956,867
[1] Represents expenses recognized in conjunction with restructuring activities. See Note 12, Restructurings for details on our restructuring expenses.
[2] Represents costs associated with our revenue interest liability and noncash interest costs associated with the amortization of the related deferred issuance costs. See Note 8, Revenue Interest Purchase Agreement for details on the Purchase Agreement.