XML 44 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2025
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 September 30,Nine Months Ended September 30,
2025202420252024
Sales channel mix
Direct sales channel$37,673 $39,743 $101,112 $108,612 
Distributor channel14,620 11,757 38,240 34,365 
Total revenue, net$52,293 $51,500 $139,352 $142,977 
Customer mix
Academia and government$17,791 $21,206 $56,677 $59,849 
Biotechnology, pharmaceutical, distributor and contract research organizations34,502 30,294 82,675 83,128 
Total revenue, net$52,293 $51,500 $139,352 $142,977 
Revenue by geographical markets is presented in Note 21.
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 September 30, 2025 (in thousands):
Less than 1 yearGreater than 1 yearTotal
Product revenue$1,945 $— $1,945 
Service revenue26,794 16,315 43,109 
Total revenue$28,739 $16,315 $45,054 
Schedule of Contract with Customer Contract Asset Contract Liability and Receivable The following table provides information about deferred revenue from contracts with customers, and customer deposits (in thousands):
September 30,
2025		December 31,
2024
Contract liabilities:  
Deferred revenue, current$28,739 $25,492 
Deferred revenue, long-term16,315 16,098 
Customer deposits, which are included in 'Other current liabilities'1,041 1,118 
Total contract liabilities$46,095 $42,708 
The following provides a roll-forward of the contract liabilities (in thousands):
Contract liabilities
Balance at December 31, 2023$39,265 
Revenue recognized(47,190)
Revenue deferred50,633 
Balance at December 31, 2024$42,708 
Revenue recognized(14,089)
Revenue deferred17,475 
Balance at September 30, 2025$46,095