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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Summary of Significant Customer Information

Significant customer information is as follows:

 

 

 

June 30,

 

 

March 31,

 

 

 

2021

 

 

2021

 

Percentage of accounts receivable:

 

 

 

 

 

 

Customer C

 

 

95

%

 

 

35

%

Customer D

 

 

0

%

 

 

40

%

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

Percentage of revenue:

 

 

 

 

 

 

Customer C

 

 

14

%

 

 

13

%

Customer B

 

 

19

%

 

 

25

%

Summary Of Revenue By Category

The following table presents revenue by category:

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

Amount

 

 

Percentage
of Revenue

 

 

Amount

 

 

Percentage
of Revenue

 

 

 

(in thousands, except percentages)

 

Consumer services

 

$

47,850

 

 

 

81

%

 

$

34,730

 

 

 

72

%

Research services

 

 

11,389

 

 

 

19

%

 

 

13,279

 

 

 

28

%

Therapeutics

 

 

 

 

 

0

%

 

 

48

 

 

 

0

%

Total

 

$

59,239

 

 

 

100

%

 

$

48,057

 

 

 

100

%

Summary of Revenue by Region based on the Shipping Address of Customers

The following table summarizes revenue by region based on the shipping address of customers or the location where the services are delivered:

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

Amount

 

 

Percentage
of Revenue

 

 

Amount

 

 

Percentage
of Revenue

 

 

 

(in thousands, except percentages)

 

United States

 

$

40,352

 

 

 

68

%

 

$

32,360

 

 

 

67

%

United Kingdom

 

 

13,906

 

 

 

23

%

 

 

13,215

 

 

 

28

%

Canada

 

 

3,240

 

 

 

6

%

 

 

1,609

 

 

 

3

%

Other regions

 

 

1,741

 

 

 

3

%

 

 

873

 

 

 

2

%

International

 

 

18,887

 

 

 

32

%

 

 

15,697

 

 

 

33

%

Total

 

$

59,239

 

 

 

100

%

 

$

48,057

 

 

 

100

%

Schedule Of Company Revenue and Adjusted EBITDA by Segment

The Company’s revenue and Adjusted EBITDA by segment is as follows:

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands) 

 

Segment Revenue

 

 

 

 

 

 

Consumer and Research Services

 

$

59,239

 

 

$

48,009

 

Therapeutics

 

 

 

 

 

48

 

Total Revenue

 

$

59,239

 

 

$

48,057

 

Segment adjusted EBITDA

 

 

 

 

 

 

Consumer and Research Services adjusted EBITDA

 

$

(505

)

 

$

(4,236

)

Therapeutics Adjusted EBITDA

 

 

(18,303

)

 

 

(9,394

)

Unallocated Corporate

 

 

(8,467

)

 

 

(6,199

)

Total adjusted EBITDA

 

$

(27,275

)

 

$

(19,829

)

 

 

 

 

 

 

 

Reconciliation of net loss to adjusted EBITDA

 

 

 

 

 

 

Net Loss

 

$

(42,026

)

 

$

(35,770

)

Adjustments

 

 

 

 

 

 

Interest (income), net

 

 

(44

)

 

 

(74

)

Other (income) / expense, net

 

 

520

 

 

 

(878

)

Depreciation and amortization

 

 

4,638

 

 

 

5,532

 

Stock-based compensation expense

 

 

9,637

 

 

 

11,361

 

Total adjusted EBITDA

 

$

(27,275

)

 

$

(19,829

)

Summary of Customers Accounting for 10% or More of Segment Revenues

Customers accounting for 10% or more of segment revenues were as follows:

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands, except percentages)

 

Consumer and Research Services Segment Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Customer C(1)

 

$

8,512

 

 

 

14

%

 

$

5,847

 

 

 

12

%

Customer B(2)

 

$

11,209

 

 

 

19

%

 

$

11,827

 

 

 

25

%

Therapeutics Segment Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Customer E(2)

 

$

 

 

 

0

%

 

$

48

 

 

 

100

%

 

(1)
Customer C revenues are primarily in the United States.
(2)
Customer B revenues are in the United Kingdom and Customer E is in a region other than the United States, United Kingdom or Canada.