XML 43 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table depicts the disaggregation of revenue by sales channel mix and customer mix as defined by the nature of workflows (in thousands):
Three months ended June 30,Six Months Ended June 30,
2024202320242023
Sales channel mix
Direct sales channel$34,549 $37,854 $68,869 $63,307 
Distributor channel12,068 11,839 22,608 23,474 
Total revenue, net$46,617 $49,693 $91,477 $86,781 
  
Customer mix  
Academia and government$20,239 $20,405 $52,834 $35,602 
Biotechnology, pharmaceutical, distributor and contract research organizations26,378 29,288 38,643 51,179 
Total revenue, net$46,617 $49,693 $91,477 $86,781 
Schedule of Estimated Revenues Expected to be Recognized in the Future Related to Performance Obligations
The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially satisfied) as of June 30, 2024 (in thousands):
Less than 1 yearGreater than 1 yearTotal
Product revenue$1,079 $— $1,079 
Service revenue22,889 14,064 36,953 
Total revenue$23,968 $14,064 $38,032 
Schedule of Contract with Customer Contract Asset Contract Liability and Receivable
The following table provides information about receivables, deferred revenue from contracts with customers, and customer deposits (in thousands):
June 30,
2024		December 31,
2023
Trade accounts receivable$44,643 $55,928 
Contract liabilities:  
Deferred revenue$38,032 $37,827 
Customer deposits, which are included in 'Other current liabilities'1,069 1,438 
Total contract liabilities$39,101 $39,265 
The following provides a roll-forward of the contract liabilities (in thousands):
Contract liabilities
Balance at December 31, 2022$27,665 
Revenue recognized(36,298)
Revenue deferred47,898 
Balance at December 31, 2023$39,265 
Revenue recognized(22,779)
Revenue deferred22,615 
Balance at June 30, 2024$39,101