v3.22.2
Other Financial Statement Information (Tables)
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6 Months Ended |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Marketable Securities |
Available-for-sale securities at June 30, 2022 consisted of the following (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Fair Value Measurement | | Cash equivalents: | | | | | | | | | | | Money market funds | $ | 225,176 | | | $ | — | | | $ | — | | | $ | 225,176 | | | Level 1 | | Marketable securities: | | | | | | | | | | | Corporate debt securities | 161,622 | | | — | | | (2,733) | | | 158,889 | | | Level 2 | | Government debt securities | 51,746 | | | 9 | | | (883) | | | 50,872 | | | Level 2 | | Asset-backed securities | 15,907 | | | — | | | (122) | | | 15,785 | | | Level 2 | | Total available-for-sale securities | $ | 454,451 | | | $ | 9 | | | $ | (3,738) | | | $ | 450,722 | | | |
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| Debt Securities, Available-for-sale |
The contractual maturities of marketable securities as of June 30, 2022 were as follows (in thousands): | | | | | | | | | | | | | Amortized Cost | | Fair Value | | Due in one year or less | $ | 97,324 | | | $ | 95,930 | | | Due after one year to five years | 131,951 | | | 129,616 | | | Total marketable securities | $ | 229,275 | | | $ | 225,546 | |
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| Schedule of Inventory |
Inventory was comprised of the following (in thousands): | | | | | | | | | | | | | June 30,
2022 | | December 31,
2021 | | Purchased materials | $ | 28,291 | | | $ | 31,954 | | | Work in progress | 21,846 | | | 14,052 | | | Finished goods | 20,509 | | | 13,960 | | | Inventory | $ | 70,646 | | | $ | 59,966 | |
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| Schedule of Accrued Compensation and Related Benefits |
Accrued compensation and related benefits were comprised of the following as of the dates indicated (in thousands): | | | | | | | | | | | | | June 30,
2022 | | December 31,
2021 | | Accrued payroll and related costs | $ | 3,450 | | | $ | 3,978 | | | Employee stock purchase program liability | 754 | | | 1,693 | | | Accrued bonus | 11,294 | | | 16,558 | | | Accrued commissions | 4,055 | | | 3,417 | | | Accrued acquisition-related compensation | 2,156 | | | 4,430 | | | Accrued vacation | 1,403 | | | 1,172 | | | Other | 393 | | | 378 | | | Accrued compensation and related benefits | $ | 23,505 | | | $ | 31,626 | |
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| Schedule of Accrued Expense and Other Current Liabilities |
Accrued expenses and other current liabilities were comprised of the following as of the dates indicated (in thousands): | | | | | | | | | | | | | June 30,
2022 | | December 31,
2021 | | Accrued legal and related costs | $ | 2,313 | | | $ | 2,425 | | | Accrued license fee | 6,008 | | | 6,214 | | | | | | | Accrued royalties for licensed technologies | 4,166 | | | 4,415 | | | Accrued property and equipment | 25,833 | | | 15,361 | | | Accrued professional services | 4,332 | | | 8,593 | | | Product warranties | 1,430 | | | 994 | | | Customer deposits | 888 | | | 954 | | | Taxes payable | 1,445 | | | 4,622 | | | Accrued lab supplies | 1,884 | | | 2,056 | | | Other | 4,923 | | | 5,275 | | | Accrued expenses and other current liabilities | $ | 53,222 | | | $ | 50,909 | |
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| Schedule of Changes in the Reserve for Product Warranties |
Changes in the reserve for product warranties were as follows for the periods indicated (in thousands): | | | | | | | | | | | | | Six Months Ended
June 30, | | 2022 | | 2021 | | Beginning of period | $ | 994 | | | $ | 399 | | | Amounts charged to cost of revenue | 1,983 | | | 1,242 | | | Repairs and replacements | (1,547) | | | (1,064) | | | End of period | $ | 1,430 | | | $ | 577 | |
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| Schedule of Revenue by Source |
The following table represents revenue by source for the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2022 | | 2021 | | 2022 | | 2021 | | Instruments | $ | 14,736 | | | $ | 16,877 | | | $ | 29,165 | | | $ | 28,002 | | | Consumables | 97,934 | | | 97,146 | | | 195,884 | | | 190,225 | | | Services | 1,939 | | | 1,819 | | | 4,056 | | | 3,436 | | | Total revenue | $ | 114,609 | | | $ | 115,842 | | | $ | 229,105 | | | $ | 221,663 | |
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| Schedule of Revenue by Geographic Location |
The following table presents revenue by geography based on the location of the customer for the periods indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2022 | | 2021 | | 2022 | | 2021 | | United States | $ | 69,373 | | | $ | 64,001 | | | $ | 126,814 | | | $ | 114,307 | | | Europe, Middle East and Africa | 25,608 | | | 28,772 | | | 46,140 | | | 47,942 | | | China | 9,087 | | | 12,874 | | | 29,847 | | | 36,514 | | | Asia-Pacific (excluding China) | 9,026 | | | 8,431 | | | 22,543 | | | 19,635 | | | North America (excluding United States) | 1,515 | | | 1,764 | | | 3,761 | | | 3,265 | | | Total revenue | $ | 114,609 | | | $ | 115,842 | | | $ | 229,105 | | | $ | 221,663 | |
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- DefinitionTabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.
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