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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Nine months ended

 

 

September 30, 

 

September 30, 

 

 

2018

 

2017

 

2018

 

2017

(Amounts in thousands)

 

 

 

 

(As Revised)

 

 

 

 

(As Revised)

Sales of genetic tests

 

 

 

 

 

 

 

 

 

 

 

 

Panorama NIPT

 

$

35,999

 

$

33,889

 

$

104,981

 

$

97,975

HCS

 

 

23,565

 

 

17,900

 

 

63,248

 

 

47,325

Other genetic tests

 

 

3,098

 

 

2,723

 

 

9,055

 

 

8,535

Product revenues

 

 

62,662

 

 

54,512

 

 

177,284

 

 

153,835

Licensing and other

 

 

 

 

 

 

 

 

 

 

 

 

Constellation

 

 

1,054

 

 

1,058

 

 

3,652

 

 

3,091

Other

 

 

1,564

 

 

340

 

 

9,753

 

 

649

Licensing and other revenues

 

 

2,618

 

 

1,398

 

 

13,405

 

 

3,740

Total revenues

 

$

65,280

 

$

55,910

 

$

190,689

 

$

157,575

 

Schedule of disaggregation of revenue by sales vertical

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Nine months ended

 

 

September 30, 

 

September 30, 

 

 

2018

 

2017

 

2018

 

2017

(Amounts in thousands)

 

 

 

 

(As Revised)

 

 

 

 

(As Revised)

Insurance carriers

 

$

50,631

 

$

44,410

 

$

143,094

 

$

124,272

Laboratory partners

 

 

9,162

 

 

9,286

 

 

34,182

 

 

26,558

Patients

 

 

5,487

 

 

2,214

 

 

13,413

 

 

6,745

Total revenues

 

$

65,280

 

$

55,910

 

$

190,689

 

$

157,575

 

Schedule of total revenue by geographic area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Nine months ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2018

    

2017

    

2018

    

2017

 

(Amounts in thousands)

 

 

 

 

(As Revised)

 

 

 

 

(As Revised)

 

United States

 

$

58,651

 

$

49,896

 

$

165,646

 

$

139,728

 

Americas, excluding U.S.

 

 

932

 

 

773

 

 

2,629

 

 

2,258

 

Europe, Middle East, India, Africa

 

 

3,711

 

 

3,443

 

 

16,789

 

 

10,279

 

Other

 

 

1,986

 

 

1,798

 

 

5,625

 

 

5,310

 

Total revenues

 

$

65,280

 

$

55,910

 

$

190,689

 

$

157,575

 

 

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

 

 

 

 

 

 

 

 

 

Balance at

 

Balance at

 

 

September 30,

 

December 31,

 

 

2018

 

2017

(Amounts in thousands)

 

 

 

(As Revised)

Assets:

 

 

 

 

 

 

Accounts receivable

 

$

60,397

 

$

44,089

Liabilities:

 

 

 

 

 

 

Deferred revenue, current portion

 

$

1,156

 

$

1,420

Deferred revenue, long-term portion

 

 

36,850

 

 

 —

Total deferred revenues

 

$

38,006

 

$

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

 

 

38,082

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

 

 

(700)

Revenue recognized from performance obligations satisfied
within the same period

 

 

(796)

Balance at September 30, 2018

 

$

38,006