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Segment Information (Tables)
9 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

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

 

 

 

Three Months Ended December 31,

 

 

Nine Months Ended December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands, except percentages)

 

Consumer and Research Services Segment Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer C (1)

 

$

14,680

 

 

 

22

%

 

$

9,676

 

 

 

17

%

 

$

41,365

 

 

 

20

%

 

$

33,123

 

 

 

19

%

Customer B (2)

 

$

13,068

 

 

 

20

%

 

$

8,069

 

 

 

14

%

 

$

36,258

 

 

 

18

%

 

$

29,281

 

 

 

17

%

(1)
Customer C revenues are primarily in the United States.
(2)
Customer B revenues are in the U.K.
Schedule Of Company Revenue and Adjusted EBITDA by Segment he Company’s revenue and Adjusted EBITDA by segment is as follows:

 

 

 

Three Months Ended December 31,

 

 

Nine Months Ended December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In thousands)

 

Segment Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Consumer and Research Services

 

$

66,940

 

 

$

56,891

 

 

$

207,112

 

 

$

171,334

 

Total revenue (1)

 

$

66,940

 

 

$

56,891

 

 

$

207,112

 

 

$

171,334

 

Segment Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

Consumer and Research Services Adjusted EBITDA

 

$

(8,313

)

 

$

(31,967

)

 

$

(22,986

)

 

$

(33,232

)

Therapeutics Adjusted EBITDA

 

 

(21,471

)

 

 

(19,916

)

 

 

(58,599

)

 

 

(57,046

)

Unallocated Corporate

 

 

(13,488

)

 

 

(12,129

)

 

 

(41,057

)

 

 

(30,692

)

Total Adjusted EBITDA

 

$

(43,272

)

 

$

(64,012

)

 

$

(122,642

)

 

$

(120,970

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of net loss to Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(91,961

)

 

$

(89,396

)

 

$

(247,558

)

 

$

(147,946

)

Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

Interest (income) expense, net

 

 

(3,671

)

 

 

(76

)

 

 

(5,307

)

 

 

(213

)

Other (income) expense, net

 

 

(855

)

 

 

(22

)

 

 

267

 

 

 

(39

)

Change in fair value of warrant liabilities

 

 

 

 

 

(3,695

)

 

 

 

 

 

(32,989

)

Income tax benefit

 

 

(613

)

 

 

(3,512

)

 

 

(2,139

)

 

 

(3,512

)

Depreciation and amortization

 

 

5,257

 

 

 

4,681

 

 

 

15,512

 

 

 

14,188

 

Amortization of acquired intangible assets

 

 

4,265

 

 

 

2,898

 

 

 

12,847

 

 

 

2,898

 

Impairment of acquired intangible assets

 

 

9,968

 

 

 

 

 

 

9,968

 

 

 

 

Stock-based compensation expense

 

 

34,338

 

 

 

17,409

 

 

 

93,768

 

 

 

37,473

 

Acquisition-related costs (2)

 

 

 

 

 

7,701

 

 

 

 

 

 

9,170

 

Total Adjusted EBITDA

 

$

(43,272

)

 

$

(64,012

)

 

$

(122,642

)

 

$

(120,970

)

(1)
There was no Therapeutics revenue for the three and nine months ended December 31, 2022 and 2021.
(2)
For the three and nine months ended December 31, 2021, acquisition-related costs primarily consisted of advisory, legal and consulting fees.