2024 Q1 Form 10-K Financial Statement

#000180459124000038 Filed on May 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023 Q1
Revenue $64.03M $219.6M $92.38M
YoY Change -30.69% -26.66% -8.14%
Cost Of Revenue $37.00M $120.3M $52.40M
YoY Change -29.39% -27.11% -2.07%
Gross Profit $27.03M $99.38M $39.98M
YoY Change -32.39% -26.11% -15.03%
Gross Profit Margin 42.22% 45.25% 43.28%
Selling, General & Admin $39.23M $215.4M $48.54M
YoY Change -19.18% -8.71% -26.67%
% of Gross Profit 145.11% 216.72% 121.4%
Research & Development $46.72M $205.4M $60.72M
YoY Change -23.05% -7.74% 20.66%
% of Gross Profit 172.85% 206.65% 151.87%
Depreciation & Amortization $5.937M $11.00M $8.366M
YoY Change -29.03% -25.68% -7.68%
% of Gross Profit 21.96% 11.07% 20.92%
Operating Expenses $85.95M $780.8M $109.3M
YoY Change -21.33% 70.3% -6.23%
Operating Profit -$58.92M -$681.5M -$69.27M
YoY Change -14.95% 110.32% -0.26%
Interest Expense $3.042M $14.33M $4.369M
YoY Change -30.37% 48.11% 6726.56%
% of Operating Profit
Other Income/Expense, Net $5.000K $506.0K $174.0K
YoY Change -97.13% -644.09% -242.62%
Pretax Income -$208.8M -$666.6M -$64.73M
YoY Change 222.59% 112.01% -6.88%
Income Tax $18.00K $73.00K -$633.0K
% Of Pretax Income
Net Earnings -$208.8M -$666.7M -$64.10M
YoY Change 225.8% 113.92% -7.83%
Net Earnings / Revenue -326.16% -303.55% -69.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.43 -$1.40 -$0.14
COMMON SHARES
Basic Shares Outstanding 476.0M shares
Diluted Shares Outstanding 476.0M shares

Balance Sheet

Concept 2024 Q1 2024 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $386.8M
YoY Change -30.07%
Cash & Equivalents $216.5M $386.8M
Short-Term Investments
Other Short-Term Assets $1.794M $26.00M
YoY Change -93.1% -24.5%
Inventory $12.47M $10.25M
Prepaid Expenses $9.296M $13.24M
Receivables $3.324M $1.897M
Other Receivables $5.751M $0.00
Total Short-Term Assets $255.3M $425.0M
YoY Change -39.93% -29.38%
LONG-TERM ASSETS
Property, Plant & Equipment $28.35M $38.61M
YoY Change -26.57% -22.55%
Goodwill $0.00 $351.7M
YoY Change -100.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.868M $3.021M
YoY Change -38.17% 16.51%
Total Long-Term Assets $139.9M $517.6M
YoY Change -72.98% -5.94%
TOTAL ASSETS
Total Short-Term Assets $255.3M $425.0M
Total Long-Term Assets $139.9M $517.6M
Total Assets $395.2M $942.6M
YoY Change -58.08% -18.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.57M $12.92M
YoY Change -10.47% -65.93%
Accrued Expenses $42.26M $66.43M
YoY Change -36.38% 48.99%
Deferred Revenue $64.83M $62.52M
YoY Change 3.69%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $127.3M $149.4M
YoY Change -14.78% -2.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.471M $1.480M
YoY Change -0.61% -68.15%
Total Long-Term Liabilities $1.471M $1.480M
YoY Change -0.61% -68.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.3M $149.4M
Total Long-Term Liabilities $1.471M $1.480M
Total Liabilities $206.6M $228.7M
YoY Change -9.63% -3.28%
SHAREHOLDERS EQUITY
Retained Earnings -$2.173B -$1.506B
YoY Change 44.26% 26.09%
Common Stock $2.362B $2.221B
YoY Change 6.33% 5.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $188.5M $713.9M
YoY Change
Total Liabilities & Shareholders Equity $395.2M $942.6M
YoY Change -58.08% -18.18%

Cashflow Statement

Concept 2024 Q1 2024 2023 Q1
OPERATING ACTIVITIES
Net Income -$208.8M -$666.7M -$64.10M
YoY Change 225.8% 113.92% -7.83%
Depreciation, Depletion And Amortization $5.937M $11.00M $8.366M
YoY Change -29.03% -25.68% -7.68%
Cash From Operating Activities -$25.78M -$164.3M -$44.96M
YoY Change -42.65% -0.65% 27.71%
INVESTING ACTIVITIES
Capital Expenditures $2.170M $1.129M $3.293M
YoY Change -34.1% -72.11% -203.0%
Acquisitions $0.00
YoY Change
Other Investing Activities $24.00K $30.00K $5.000K
YoY Change 380.0% 500.0%
Cash From Investing Activities -$2.146M -$9.626M -$3.288M
YoY Change -34.73% -14.85% 2.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.262M
YoY Change -49.54%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.000M $3.584M 2.606M
YoY Change -23.25% -63.34% -52.81%
NET CHANGE
Cash From Operating Activities -25.78M -$164.3M -44.96M
Cash From Investing Activities -2.146M -$9.626M -3.288M
Cash From Financing Activities 2.000M $3.584M 2.606M
Net Change In Cash -25.93M -$170.4M -45.64M
YoY Change -43.19% 2.3% 38.82%
FREE CASH FLOW
Cash From Operating Activities -$25.78M -$164.3M -$44.96M
Capital Expenditures $2.170M $1.129M $3.293M
Free Cash Flow -$27.95M -$165.4M -$48.25M
YoY Change -42.07% -2.35% 50.76%

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CY2024 us-gaap Number Of Reportable Segments
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CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Reclassification</span></div><div style="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Beginning in fiscal year 2024, the amounts previously presented as revenue and cost of revenue in the consolidated statements of operations and comprehensive loss have been updated to present tangible product and services separately. Prior periods have been reclassified to conform to the current period presentation. The reclassification did not have any impact on total revenue, total cost of revenue, gross profit or net income.</span></div>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Fiscal Year</span></div><div style="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company’s fiscal year ends on March 31. References to fiscal year 2024, 2023 and 2022 refer to the fiscal years ended March 31, 2024, 2023 and 2022, respectively.</span></div>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period and the accompanying notes. Significant items subject to such estimates and assumptions include, but are not limited to the determination of standalone selling price for various performance obligations; the estimated expected benefit period for the rate and recognition pattern of breakage revenue for purchases where a saliva collection kit (“Kit”) is never returned for processing; the capitalization and estimated useful life of internal use software; the useful life of long-lived assets; fair value of intangible assets acquired in business combinations; the fair value of reporting units relative to the carrying amount of goodwill; the incremental borrowing rate for operating leases; the fair value of private warrants; stock-based compensation including the determination of the fair value of stock options, annual incentive bonuses payable in the form of restricted stock units (“RSUs”), as well as the fair value of the Company’s common stock prior to the Closing Date of the Merger; the assumptions used in going concern assessments; and the valuation of deferred tax assets and uncertain tax positions. The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from these estimates, and such differences could be material to the consolidated financial statements.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">During the fiscal year ended March 31, 2022, the Company recorded an adjustment to revenue related to a change in estimate in connection with the collaboration agreement with GlaxoSmithKline plc (“GSK”). The change in estimate was driven by a change in the total project resources resulting in a reduction in the total estimated project hours, which impacted the measurement of progress of the arrangement using the input method. The adjustment increased revenue by $9.0 million, decreased net loss by $9.0 million and decreased the Company’s basic and diluted net loss per share by $0.02 for the fiscal year ended March 31, 2022.</span></div>The Company is not aware of any specific event or circumstance that would require revisions to estimates, updates to judgments, or adjustments to the carrying value of assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and will be recognized in the consolidated financial statements as soon as they become known.
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Concentration of Credit Risk</span></div><div style="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Financial instruments that potentially subject the Company to a concentration of credit risk include cash, cash equivalents and accounts receivable. The Company maintains a majority of its cash and cash equivalents with a single high-quality financial institution, the composition and maturities of which are regularly monitored by the Company. The Company’s revenue and accounts receivable are derived primarily from the United States. See Note 5, “</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Revenue,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">” for additional information regarding geographical disaggregation of revenue. The Company grants credit to its customers in the normal course of business, performs credit evaluations of its significant customers on an as-needed basis, and does not require collateral. Concentrations of credit risk are limited as the Company’s trade receivables are primarily related to third </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">parties, which collect its credit card receivables, and large multinational corporations. The Company regularly monitors the aging of accounts receivable balances.</span></div>
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
8400000 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
8400000 usd
CY2024 me Contract With Customer Membership Fee Membership Period Three
ContractWithCustomerMembershipFeeMembershipPeriodThree
P12M
CY2024 us-gaap Advertising Expense
AdvertisingExpense
37500000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
49100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
54700000 usd
CY2024Q1 us-gaap Prepaid Advertising
PrepaidAdvertising
400000 usd
CY2023Q1 us-gaap Prepaid Advertising
PrepaidAdvertising
1600000 usd
CY2022 me Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
309700000 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
250000000 usd
CY2021Q2 me Reverse Recapitalization Percentage Of Voting Interests Acquired
ReverseRecapitalizationPercentageOfVotingInterestsAcquired
1
CY2021Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
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CY2021Q2 me Proceed From Issuance Of Common Stock Merger
ProceedFromIssuanceOfCommonStockMerger
309700000 usd
CY2021Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
250000000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
33700000 usd
CY2021Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
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1 shares
CY2021Q1 me Reverse Capitalization Earnout Period After Closing Date
ReverseCapitalizationEarnoutPeriodAfterClosingDate
P1Y
CY2021Q1 me Reverse Recapitalization Earnout Period Stock Price Trigger
ReverseRecapitalizationEarnoutPeriodStockPriceTrigger
12.00
CY2021Q1 me Reverse Capitalization Earnout Period Threshold Trading Days
ReverseCapitalizationEarnoutPeriodThresholdTradingDays
20 tradingday
CY2021Q1 me Reverse Capitalization Shares Threshold Trading Days Period After Business Combination
ReverseCapitalizationSharesThresholdTradingDaysPeriodAfterBusinessCombination
30 tradingday
CY2021Q1 me Reverse Capitalization Earnout Period Number Of Days After Business Combination
ReverseCapitalizationEarnoutPeriodNumberOfDaysAfterBusinessCombination
P150D
CY2021Q1 me Reverse Recapitalization Percentage Of Founder Shares Released From Lock Up
ReverseRecapitalizationPercentageOfFounderSharesReleasedFromLockUp
0.70
CY2021Q1 me Reverse Capitalization Anniversary Of Closing Date
ReverseCapitalizationAnniversaryOfClosingDate
P1Y
CY2023Q2 us-gaap Escrow Deposit
EscrowDeposit
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CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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299489000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
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22100000 usd
CY2023 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
27700000 usd
CY2022 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
21900000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
41100000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
46600000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.50
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 reportable_segment
CY2024 us-gaap Revenues
Revenues
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CY2023 us-gaap Revenues
Revenues
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CY2022 us-gaap Revenues
Revenues
271893000 usd
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AdjustedEBITDA
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CY2023 me Adjusted Ebitda
AdjustedEBITDA
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CY2022 me Adjusted Ebitda
AdjustedEBITDA
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CY2024 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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InterestIncomeExpenseNet
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CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2024 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2023 us-gaap Other Operating Income Expense Net
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CY2022 us-gaap Other Operating Income Expense Net
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CY2024 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024 me Depreciation And Amortization Net
DepreciationAndAmortizationNet
18033000 usd
CY2023 me Depreciation And Amortization Net
DepreciationAndAmortizationNet
20239000 usd
CY2022 me Depreciation And Amortization Net
DepreciationAndAmortizationNet
18899000 usd
CY2024 me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
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CY2023 me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
16486000 usd
CY2022 me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
7269000 usd
CY2024 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
9968000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
120209000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
116017000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
57933000 usd
CY2024 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2024 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
98000 usd
CY2023 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 usd
CY2022 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
9950000 usd
CY2024 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
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CY2023 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 usd
CY2022 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
351744000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
1765000 usd
CY2023 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2022 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2024 me Adjusted Ebitda Net
AdjustedEBITDANet
-175796000 usd
CY2023 me Adjusted Ebitda Net
AdjustedEBITDANet
-161301000 usd
CY2022 me Adjusted Ebitda Net
AdjustedEBITDANet
-150740000 usd
CY2024Q1 me Fair Value Liabilities Level Two To Level One Transfers Amount
FairValueLiabilitiesLevelTwoToLevelOneTransfersAmount
0 usd
CY2023Q1 me Fair Value Liabilities Level Two To Level One Transfers Amount
FairValueLiabilitiesLevelTwoToLevelOneTransfersAmount
0 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
351700000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
0 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9296000 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
13244000 usd
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
5751000 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3003000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1794000 usd
CY2023Q1 us-gaap Other Assets Current
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2977000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
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16841000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
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19224000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
110082000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
113924000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
81731000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
75316000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28351000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38608000 usd
CY2024 us-gaap Depreciation
Depreciation
11000000 usd
CY2023 us-gaap Depreciation
Depreciation
14800000 usd
CY2022 us-gaap Depreciation
Depreciation
16100000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024Q1 me Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
85166000 usd
CY2023Q1 me Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
85408000 usd
CY2024Q1 me Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
36272000 usd
CY2023Q1 me Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
29330000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48894000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
56078000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
35918000 usd
CY2023Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
25180000 usd
CY2024Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
15402000 usd
CY2023Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
9519000 usd
CY2024Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
20516000 usd
CY2023Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
15661000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
67300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
34045000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
33255000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
81500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24890000 usd
CY2023Q1 me Cumulative Impairment Charge
CumulativeImpairmentCharge
9968000 usd
CY2023Q1 me Cumulative Currency Translation
CumulativeCurrencyTranslation
1122000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
45520000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12300000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17300000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7600000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7919000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7919000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6769000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5006000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3176000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2466000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
33255000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
351744000 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
351744000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
198800000 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
152900000 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
351700000 usd
CY2024Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
11740000 usd
CY2024Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
3458000 usd
CY2024Q1 me Accrued Payable Current
AccruedPayableCurrent
12957000 usd
CY2023Q1 me Accrued Payable Current
AccruedPayableCurrent
17030000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4266000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5898000 usd
CY2024Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
7221000 usd
CY2023Q1 us-gaap Accrued Vacation Current
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8839000 usd
CY2024Q1 us-gaap Accrued Bonuses Current
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7420000 usd
CY2023Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
21600000 usd
CY2024Q1 me Accrued Clinical Expenses Current
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CY2023Q1 me Accrued Clinical Expenses Current
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CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
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1108000 usd
CY2023Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
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1356000 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
42263000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
66430000 usd
CY2024 us-gaap Restructuring Charges
RestructuringCharges
8400000 usd
CY2023Q1 us-gaap Restructuring Reserve Current
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0 usd
CY2024 us-gaap Restructuring Charges
RestructuringCharges
8368000 usd
CY2024 us-gaap Payments For Restructuring
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8346000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
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22000 usd
CY2024Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P7Y
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
13487000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
13650000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
13640000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
4403000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
5422000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
6425000 usd
CY2024 us-gaap Lease Cost
LeaseCost
17890000 usd
CY2023 us-gaap Lease Cost
LeaseCost
19072000 usd
CY2022 us-gaap Lease Cost
LeaseCost
20065000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
15011000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y7M6D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y6M
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14225000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15946000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15472000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12016000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29414000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
98739000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22224000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
76515000 usd
CY2024Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
1900000 usd
CY2024Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
17098000 usd
CY2024 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
26200000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.94
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
70739770 shares
CY2023 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
29900000 usd
CY2022 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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