XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue Recognition (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended 41 Months Ended 51 Months Ended
Feb. 28, 2019
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2022
Mar. 31, 2023
Dec. 31, 2021
Sep. 30, 2019
Aug. 31, 2019
Deferred revenue, Long-term   $ 21,511   $ 20,001 $ 20,001 $ 21,511      
Increased (decreased) revenues   (9,200) $ 6,400            
(Increased) decreased net loss   $ (9,200) $ 6,400            
(Increased) decreased net loss per share   $ (0.08) $ 0.06            
Other assets   $ 19,288   18,330 18,330 19,288      
Deferred revenue   38,090 $ 34,457 30,778 30,778 38,090 $ 28,722    
Deferred revenue, current portion   16,579   10,777 10,777 16,579      
Total revenues   241,756 194,133            
Deferred revenue, long-term portion   21,511   20,001 20,001 21,511      
Revenue recognized during the period that was included in deferred revenues at the beginning of the period   3,988 3,889            
Product                  
Revenue recognized   5,700 1,400            
Cost of revenues   $ 147,754 $ 102,670            
Billing collection period (in months)   18 months              
(Increased) decreased net loss per share   $ 0.05 $ 0.01            
Total revenues   $ 237,797 $ 190,002            
Licensing and other                  
Cost of revenues   370 545            
Total revenues   3,959 $ 4,131            
Genetic testing services                  
Deferred revenue, current portion   14,200       14,200      
Revenue recognized during the period that was included in deferred revenues at the beginning of the period   $ 3,700              
Laboratory distribution partners | Product | Minimum                  
Billing collection period (in months)   2 months              
Laboratory distribution partners | Product | Maximum                  
Billing collection period (in months)   3 months              
BGI Genomics                  
Revenue recognized   $ 100   8,500   44,000      
Proceeds from license agreement $ 50,000                
Agreement term 10 years                
Deferred revenue, Long-term   19,800       19,800      
Other assets   8,400       8,400      
Prepaid expenses and other current assets   2,400   $ 4,000 4,000 2,400      
Deferred revenue, long-term portion   19,800       19,800      
BGI Genomics | Sequencing services                  
Other assets   6,000       6,000   $ 6,000  
BGI Genomics | Sequencing products                  
Other assets               4,000  
BGI Genomics | Sequencing products and services                  
Other assets   1,600       1,600   $ 10,000  
BGI Genomics | Royalty                  
Revenue recognized   600              
Foundation Medicine ("FMI")                  
Revenue recognized   200              
Proceeds from license agreement   $ 19,300     $ 16,800        
Agreement term   5 years              
Deferred revenue, Long-term   $ 1,700       1,700      
Deferred revenue, current portion   2,400       2,400      
Deferred revenue, long-term portion   $ 1,700       $ 1,700      
Foundation Medicine ("FMI") | Upfront licensing fees and prepaid revenues                  
Initial transaction price                 $ 13,300
Foundation Medicine ("FMI") | Developmental, regulatory, and commercial milestones                  
Initial transaction price                 $ 32,000