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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2018
Revenue Recognition  
Schedule of disaggregation of revenue by test families

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

June 30, 

 

June 30,

 

 

2018

 

2017

 

2018

 

2017

(Amounts in thousands)

 

 

 

 

(As Revised)

 

 

 

 

(As Revised)

Sales of genetic tests

 

 

 

 

 

 

 

 

 

 

 

 

Panorama NIPT

 

$

35,715

 

$

31,527

 

$

68,982

 

$

64,086

HCS

 

 

21,421

 

 

16,472

 

 

39,683

 

 

29,425

Other genetic tests

 

 

3,217

 

 

2,930

 

 

5,957

 

 

5,812

Product revenues

 

 

60,353

 

 

50,929

 

 

114,622

 

 

99,323

Licensing and other

 

 

 

 

 

 

 

 

 

 

 

 

Constellation

 

 

1,293

 

 

1,045

 

 

2,598

 

 

2,033

Other

 

 

1,423

 

 

309

 

 

8,189

 

 

309

Licensing and other revenues

 

 

2,716

 

 

1,354

 

 

10,787

 

 

2,342

Total revenues

 

$

63,069

 

$

52,283

 

$

125,409

 

$

101,665

 

Schedule of disaggregation of revenue by sales vertical

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

June 30, 

 

June 30,

 

 

2018

 

2017

 

2018

 

2017

(Amounts in thousands)

 

 

 

 

(As Revised)

 

 

 

 

(As Revised)

Insurance carriers

 

$

48,321

 

$

41,022

 

$

92,463

 

$

79,862

Laboratory partners

 

 

10,132

 

 

9,179

 

 

25,020

 

 

17,272

Patients

 

 

4,616

 

 

2,082

 

 

7,926

 

 

4,531

Total revenues

 

$

63,069

 

$

52,283

 

$

125,409

 

$

101,665

 

Schedule of total revenue by geographic area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

 

June 30, 

 

June 30, 

 

 

    

2018

    

2017

    

2018

    

2017

 

(Amounts in thousands)

 

 

 

 

(As Revised)

 

 

 

 

(As Revised)

 

United States

 

$

56,631

 

$

46,007

 

$

106,995

 

$

89,832

 

Americas, excluding U.S.

 

 

847

 

 

785

 

 

1,697

 

 

1,485

 

Europe, Middle East, India, Africa

 

 

3,756

 

 

3,620

 

 

13,078

 

 

6,836

 

Other

 

 

1,835

 

 

1,871

 

 

3,639

 

 

3,512

 

Total revenues

 

$

63,069

 

$

52,283

 

$

125,409

 

$

101,665

 

 

Schedule of changes in the balances of the Company's contract assets and liabilities

 

 

 

 

 

 

 

 

 

Balance at

 

Balance at

 

 

June 30,

 

December 31,

 

 

2018

 

2017

(Amounts in thousands)

 

 

 

(As Revised)

Assets:

 

 

 

 

 

 

Accounts receivable

 

$

57,002

 

$

44,089

Liabilities:

 

 

 

 

 

 

Deferred revenue, current portion

 

$

1,174

 

$

1,420

Deferred revenue, long-term portion

 

 

36,135

 

 

 —

Total deferred revenues

 

$

37,309

 

$

1,420

 

Schedule of changes in the balance of deferred revenues

 

 

 

 

 

 

Deferred

 

 

Revenues

 

 

(in thousands)

Balance at December 31, 2017

 

$

1,420

Increase in deferred revenues

 

 

36,832

Revenue recognized during the period that was included in
deferred revenues at the beginning of the period

 

 

(580)

Revenue recognized from performance obligations satisfied
within the same period

 

 

(363)

Balance at June 30, 2018

 

$

37,309