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Acquisition (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the estimated fair value of assets acquired and liabilities assumed at the date of the FCI Acquisition (in thousands):
(in thousands)
Fair value of assets acquired and liabilities assumed:
Inventories$18,695 
Property and equipment3,040 
Prepaid expenses70 
Deferred tax assets570 
Intangible assets
Customer relationships8,600 
Amnis ImageStream developed technology10,000 
Guava easyCyte and Muse developed technology140 
Amnis FlowSight and CellStream developed technology20 
Amnis trade name2,900 
Guava trade name90 
Goodwill6,039 
Deferred revenue(4,952)
Accrued warranty costs(316)
Fair value of net assets acquired$44,896 
Schedule of Identifiable Intangible Assets Acquired and Their Estimated Useful Lives for Amortization The identifiable intangible assets acquired and their estimated useful lives for amortization are as follows:
Fair ValueUseful life (years)
(In thousands, except for years)
Customer relationships$8,600 9
Amnis ImageStream developed technology10,000 6
Guava easyCyte and Muse developed technology140 2
Amnis FlowSight and CellStream developed technology20 1
Amnis trade name2,900 15
Guava trade name90 3
Total$21,750 
Business Acquisition, Pro Forma Information
The following unaudited pro forma consolidated financial information reflects the results of operations of the Company for the twelve months ended December 31, 2023 and 2022 as if the acquisition had occurred as of January 1, 2022, after giving effect to certain purchase accounting and financing adjustments. These amounts are based on financial information of the acquired business unit and are not necessarily indicative of what the Company’s operating results would have been had the acquisition taken place on January 1, 2022:
Three months ended December 31,Twelve months ended December 31,
(in thousands)2023202220232022
Revenue$58,605 $48,336 $197,964 $193,810 
Income (loss) before income taxes5,226 4,114 (13,954)(2,990)
Net income (loss)$6,357 $3,718 $(10,813)$(753)