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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2022
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:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

$

30,011

 

 

$

24,052

 

 

$

63,092

 

 

$

50,392

 

Drug discovery

 

 

8,458

 

 

 

5,732

 

 

 

24,040

 

 

 

11,519

 

Total segment revenues

 

$

38,469

 

 

$

29,784

 

 

$

87,132

 

 

$

61,911

 

Segment gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

$

22,910

 

 

$

18,411

 

 

$

48,480

 

 

$

38,845

 

Drug discovery

 

 

(5,776

)

 

 

(6,431

)

 

 

(3,363

)

 

 

(10,701

)

Total segment gross profit

 

 

17,134

 

 

 

11,980

 

 

 

45,117

 

 

 

28,144

 

Unallocated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

(31,123

)

 

 

(21,092

)

 

 

(58,945

)

 

 

(42,540

)

Sales and marketing

 

 

(7,428

)

 

 

(5,380

)

 

 

(14,099

)

 

 

(10,619

)

General and administrative

 

 

(22,056

)

 

 

(15,850

)

 

 

(44,189

)

 

 

(29,239

)

Gain (loss) on equity investments

 

 

11,828

 

 

 

 

 

 

11,828

 

 

 

(1,781

)

Change in fair value

 

 

(15,700

)

 

 

(4,918

)

 

 

(21,864

)

 

 

19,906

 

Other (expense) income

 

 

(296

)

 

 

357

 

 

 

32

 

 

 

777

 

Income tax expense

 

 

(33

)

 

 

(67

)

 

 

(5

)

 

 

(141

)

Consolidated net loss

 

$

(47,674

)

 

$

(34,970

)

 

$

(82,125

)

 

$

(35,493

)

Schedule of Revenues by Geographic Area

The following table sets forth revenues by geographic area for the three and six months ended June 30, 2022 and 2021:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

27,104

 

 

$

19,676

 

 

$

57,379

 

 

$

36,581

 

Europe

 

 

5,106

 

 

 

4,246

 

 

 

17,751

 

 

 

14,791

 

Japan

 

 

2,966

 

 

 

2,914

 

 

 

4,523

 

 

 

4,449

 

Rest of World

 

 

3,293

 

 

 

2,948

 

 

 

7,479

 

 

 

6,090

 

 

 

$

38,469

 

 

$

29,784

 

 

$

87,132

 

 

$

61,911