Segment Information

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Information

11. Segment Information

The Company has identified two operating and reportable segments: Cell Engineering and Biosecurity. The following table presents summary results of the Company’s reportable segments for the periods indicated (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022 (as adjusted)*			2023			2022 (as adjusted)*
Revenue:
Cell Engineering	$	45,283		$	44,242		$	79,379		$	65,730
Biosecurity		35,285			100,376			81,891			247,293
Total revenue		80,568			144,618			161,270			313,023
Segment cost of revenue:
Biosecurity		18,096			63,911			40,471			149,343
Segment research and development expense:
Cell Engineering		86,083			63,948			184,605			112,359
Biosecurity		528			443			1,095			960
Total segment research and development expense		86,611			64,391			185,700			113,319
Segment general and administrative expense:
Cell Engineering		50,907			36,601			112,599			63,294
Biosecurity		16,699			12,409			30,655			25,644
Total segment general and administrative expense		67,606			49,010			143,254			88,938
Segment operating (loss) income:
Cell Engineering		(91,707	)		(56,307	)		(217,825	)		(109,923	)
Biosecurity		(38	)		23,613			9,670			71,346
Total segment operating loss		(91,745	)		(32,694	)		(208,155	)		(38,577	)
Operating expenses not allocated to segments:
Stock-based compensation (1)		62,477			607,270			137,677			1,266,305
Depreciation and amortization		17,652			9,028			36,610			17,968
Asset impairment		9,001			—			9,001			—
Change in fair value of contingent consideration liability		3,276			(1,213	)		8,453			300
Loss from operations	$	(184,151	)	$	(647,779	)	$	(399,896	)	$	(1,323,150	)

* As adjusted to reflect the impact of the adoption of ASC 842 as of January 1, 2022. See Note 1 for a summary of the adjustments.

(1) Includes $1.0 million and $0.8 million in employer payroll taxes for the three months ended June 30, 2023 and 2022, respectively, and $3.2 million and $7.0 million in employer payroll taxes for the six months ended June 30, 2023 and 2022, respectively.