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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary of Financial Information with Respect to Reportable Segments

All segment revenue is earned in the United States and there are no intersegment revenues. Additionally, the Company reports assets on a consolidated basis and does not allocate assets to its reportable segments for purposes of assessing segment performance or allocating resources. Presented below is financial information with respect to the Company’s reportable segments for the periods presented:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Segment revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

$

113,236

 

 

$

92,530

 

 

$

66,735

 

Drug discovery

 

 

24,695

 

 

 

15,565

 

 

 

18,808

 

Total segment revenues

 

$

137,931

 

 

$

108,095

 

 

$

85,543

 

Segment gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

$

86,741

 

 

$

74,527

 

 

$

53,089

 

Drug discovery

 

 

(21,121

)

 

 

(11,055

)

 

 

(3,996

)

Total segment gross profit

 

 

65,620

 

 

 

63,472

 

 

 

49,093

 

Unallocated:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

(90,904

)

 

 

(64,695

)

 

 

(39,404

)

Sales and marketing

 

 

(22,150

)

 

 

(17,795

)

 

 

(21,364

)

General and administrative

 

 

(64,009

)

 

 

(41,898

)

 

 

(27,040

)

(Loss) gain on equity investments

 

 

(1,781

)

 

 

4,108

 

 

 

943

 

Change in fair value

 

 

11,359

 

 

 

28,263

 

 

 

9,922

 

Interest income

 

 

1,057

 

 

 

2,253

 

 

 

1,878

 

Income tax (expense) benefit

 

 

(411

)

 

 

(345

)

 

 

291

 

Consolidated net loss

 

$

(101,219

)

 

$

(26,637

)

 

$

(25,681

)

Schedule of Revenues by Geographic Area

The following table sets forth revenues by geographic area for the years ended December 31, 2021, 2020, and 2019:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

United States

 

$

90,398

 

 

$

60,737

 

 

$

47,622

 

Europe

 

 

27,810

 

 

 

24,370

 

 

 

17,504

 

Japan

 

 

8,565

 

 

 

14,558

 

 

 

14,367

 

Rest of World

 

 

11,158

 

 

 

8,430

 

 

 

6,050

 

 

 

$

137,931

 

 

$

108,095

 

 

$

85,543