Balance Sheet Components (Tables)
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9 Months Ended |
Sep. 30, 2024 |
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| Balance Sheet Components |
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| Schedule of allowances for credit losses related to trade accounts receivable and other receivables |
The following is a roll-forward of the allowances for doubtful accounts related to trade accounts receivable for the three and nine months ended September 30, 2024 and 2023: | | | | | | | | | Three Months Ended | | | September 30, | | | 2024 | | 2023 | | | | | (in thousands) | Beginning balance | | $ | 7,021 | | $ | 5,580 | (Reversal of) Provision for doubtful accounts | | | (536) | | | 454 | Write-offs | | | (233) | | | — | Total | | $ | 6,252 | | $ | 6,034 |
| | | | | | | | | Nine Months Ended | | | September 30, | | | 2024 | | 2023 | | | | | (in thousands) | Beginning balance | | $ | 6,481 | | $ | 3,830 | Provision for doubtful accounts | | | 208 | | | 2,204 | Write-offs | | | (437) | | | — | Total | | $ | 6,252 | | $ | 6,034 |
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| Schedule of property and equipment |
| | | | | | | | | September 30, | | December 31, | | Useful Life | 2024 | | 2023 | | | (in thousands) | Machinery and equipment | 3-5 years | $ | 104,443 | | $ | 85,626 | Computer equipment | 3 years | | 3,040 | | | 1,850 | Purchased and capitalized software held for internal use | 3 years | | 11,104 | | | 11,636 | Leasehold improvements | Lesser of useful life or lease term | | 48,080 | | | 38,999 | Construction-in-process | | | 46,631 | | | 29,392 | | | | 213,298 | | | 167,503 | Less: Accumulated depreciation and amortization | | | (71,128) | | | (56,293) | Total Property and Equipment, net | | $ | 142,170 | | $ | 111,210 |
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| Schedule of other accrued liabilities |
| | | | | | | September 30, | | December 31, | | 2024 | | 2023 | | | (in thousands) | Reserves for refunds to insurance carriers | $ | 15,778 | | $ | 23,245 | Accrued charges for third-party testing | | 9,924 | | | 14,823 | Testing and laboratory materials from suppliers | | 9,823 | | | 11,229 | Marketing and corporate affairs | | 15,526 | | | 10,085 | Legal, audit and consulting fees | | 36,535 | | | 43,897 | Accrued shipping charges | | 2,180 | | | 3,646 | Sales and income tax payable | | 5,061 | | | 3,731 | Accrued third-party service fees | | 8,853 | | | 7,111 | Clinical trials and studies | | 7,744 | | | 12,126 | Operating lease liabilities, current portion | | 9,762 | | | 11,621 | Property and equipment purchases | | 3,397 | | | 4,316 | Other accrued interest | | 1 | | | 1,078 | Other accrued expenses | | 1,592 | | | 2,497 | Total other accrued liabilities | $ | 126,176 | | $ | 149,405 |
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| Summary of reserve balance and activities for refunds to insurance carriers |
| | | | | | | September 30, | | 2024 | | 2023 | | | (in thousands) | Beginning balance | $ | 23,245 | | $ | 18,948 | Additional reserves | | 1,506 | | | 7,348 | Refunds to carriers | | (3,095) | | | (1,236) | Reserves released to revenue | | (5,878) | | | (8,851) | Ending balance | $ | 15,778 | | $ | 16,209 | | | | | | |
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