2024 Q4 Form 10-Q Financial Statement

#000162828024046408 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.975M
YoY Change -9.82%
Cost Of Revenue $2.119M
YoY Change -33.62%
Gross Profit $856.0K
YoY Change 756.0%
Gross Profit Margin 28.77%
Selling, General & Admin $5.636M
YoY Change -27.38%
% of Gross Profit 658.41%
Research & Development $3.838M
YoY Change -45.14%
% of Gross Profit 448.36%
Depreciation & Amortization $343.0K
YoY Change 8.89%
% of Gross Profit 40.07%
Operating Expenses $9.474M
YoY Change -35.8%
Operating Profit -$8.618M
YoY Change -41.17%
Interest Expense -$6.072M
YoY Change -138.75%
% of Operating Profit
Other Income/Expense, Net -$6.021M
YoY Change -138.37%
Pretax Income -$14.64M
YoY Change -1506.24%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$14.64M
YoY Change -1708.68%
Net Earnings / Revenue -492.07%
Basic Earnings Per Share -$0.59
Diluted Earnings Per Share -$0.59
COMMON SHARES
Basic Shares Outstanding 25.04M shares 23.68M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.91M
YoY Change 3.72%
Cash & Equivalents $19.69M
Short-Term Investments $1.221M
Other Short-Term Assets $990.0K
YoY Change -72.79%
Inventory $2.978M
Prepaid Expenses $529.0K
Receivables $2.027M
Other Receivables $0.00
Total Short-Term Assets $27.44M
YoY Change -15.43%
LONG-TERM ASSETS
Property, Plant & Equipment $2.878M
YoY Change 10.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $763.0K
YoY Change -31.45%
Total Long-Term Assets $4.879M
YoY Change -29.09%
TOTAL ASSETS
Total Short-Term Assets $27.44M
Total Long-Term Assets $4.879M
Total Assets $32.32M
YoY Change -17.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.714M
YoY Change -2.04%
Accrued Expenses $2.940M
YoY Change -14.46%
Deferred Revenue $671.0K
YoY Change 12.58%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $18.26M
YoY Change -51.68%
LONG-TERM LIABILITIES
Long-Term Debt $58.05M
YoY Change 72.79%
Other Long-Term Liabilities $2.017M
YoY Change 88.86%
Total Long-Term Liabilities $2.017M
YoY Change 88.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.26M
Total Long-Term Liabilities $2.017M
Total Liabilities $80.80M
YoY Change 8.66%
SHAREHOLDERS EQUITY
Retained Earnings -$709.3M
YoY Change 8.15%
Common Stock $707.0M
YoY Change 6.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$48.48M
YoY Change
Total Liabilities & Shareholders Equity $32.32M
YoY Change -17.82%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$14.64M
YoY Change -1708.68%
Depreciation, Depletion And Amortization $343.0K
YoY Change 8.89%
Cash From Operating Activities -$3.091M
YoY Change -62.54%
INVESTING ACTIVITIES
Capital Expenditures -$6.000K
YoY Change -100.79%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $6.000K
YoY Change -101.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.80M
YoY Change -1909.78%
NET CHANGE
Cash From Operating Activities -3.091M
Cash From Investing Activities 6.000K
Cash From Financing Activities 14.80M
Net Change In Cash 11.72M
YoY Change -224.42%
FREE CASH FLOW
Cash From Operating Activities -$3.091M
Capital Expenditures -$6.000K
Free Cash Flow -$3.085M
YoY Change -65.75%

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us-gaap Nonoperating Income Expense
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14639000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1041000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
131000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
286000 usd
us-gaap Net Income Loss
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Share Based Compensation
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us-gaap Paid In Kind Interest
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us-gaap Paid In Kind Interest
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
129000 usd
us-gaap Unrealized Gain Loss On Investments
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61000 usd
axdx Sale Of Stock Issuance Cost
SaleOfStockIssuanceCost
680000 usd
axdx Sale Of Stock Issuance Cost
SaleOfStockIssuanceCost
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axdx Gain Loss On Extinguishment Of Accounts Payable
GainLossOnExtinguishmentOfAccountsPayable
743000 usd
axdx Gain Loss On Extinguishment Of Accounts Payable
GainLossOnExtinguishmentOfAccountsPayable
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axdx Gain Loss On Fair Value Adjustment
GainLossOnFairValueAdjustment
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axdx Gain Loss On Fair Value Adjustment
GainLossOnFairValueAdjustment
13026000 usd
us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Inventory Write Down
InventoryWriteDown
1184000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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8770000 usd
us-gaap Payments Of Stock Issuance Costs
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1234000 usd
us-gaap Payments Of Stock Issuance Costs
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
502000 usd
us-gaap Proceeds From Stock Options Exercised
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us-gaap Finance Lease Principal Payments
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us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
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us-gaap Repayments Of Debt
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726000 usd
us-gaap Repayments Of Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7553000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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axdx Inventory Transferredto Fixed Assets
InventoryTransferredtoFixedAssets
321000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
566000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
us-gaap Stock Issued1
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us-gaap Stock Issued1
StockIssued1
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us-gaap Notes Issued1
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axdx Debt Discount Premium Notes Issued
DebtDiscountPremiumNotesIssued
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axdx Derivative Liability Additions
DerivativeLiabilityAdditions
38160000 usd
axdx Derivative Liability Extinguishment
DerivativeLiabilityExtinguishment
0 usd
axdx Derivative Liability Extinguishment
DerivativeLiabilityExtinguishment
380000 usd
axdx Issuance Of Common Stock In Connection With Extinguishment Of Notes
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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CY2023Q3 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Stockholders Equity
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CY2023Q3 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Net Income Loss
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q3 axdx Working Capital Surplus Deficit
WorkingCapitalSurplusDeficit
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CY2024Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
20900000 usd
axdx Increase Decrease In Cash Cash Equivalents And Short Term Investments
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7700000 usd
CY2023Q4 us-gaap Cash Cash Equivalents And Short Term Investments
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13200000 usd
us-gaap Use Of Estimates
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<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company’s unaudited condensed consolidated financial statements requires the Company to make estimates 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to the collectability of receivables and related credit loss allowances, inventory valuation and related reserves, impairment of property and equipment, accrued liabilities, warranty liabilities, convertible notes, derivative instruments, fair value instruments, tax valuation accounts and uncertain tax positions, equity–based compensation, revenue and leases. Actual results could differ materially from those estimates.</span></div>
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q3 us-gaap Provision For Doubtful Accounts
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CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
253000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
252000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
119000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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axdx Standard Product Warranty Instruments Term
StandardProductWarrantyInstrumentsTerm
P1Y
axdx Standard Product Warranty Kits And Accessories Term
StandardProductWarrantyKitsAndAccessoriesTerm
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CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
181000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
182000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
194000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
225000 usd
CY2024Q3 axdx Standard Product Warranty Accrual Increase Decrease For Warranties Issued And Adjustments
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssuedAndAdjustments
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CY2023Q3 axdx Standard Product Warranty Accrual Increase Decrease For Warranties Issued And Adjustments
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssuedAndAdjustments
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axdx Standard Product Warranty Accrual Increase Decrease For Warranties Issued And Adjustments
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssuedAndAdjustments
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axdx Standard Product Warranty Accrual Increase Decrease For Warranties Issued And Adjustments
StandardProductWarrantyAccrualIncreaseDecreaseForWarrantiesIssuedAndAdjustments
101000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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CY2023Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
115000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
153000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
162000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
173000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
162000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
173000 usd
CY2024Q3 us-gaap Lessee Operating Lease Renewal Term
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CY2024Q3 us-gaap Lessor Operating Lease Term Of Contract
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2024Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1200000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1100000 usd
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UnrealizedGainLossOnInvestments
13000 usd
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UnrealizedGainLossOnInvestments
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
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0 usd
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1299000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1268000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
446000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
648000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1233000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1394000 usd
CY2024Q3 us-gaap Inventory Net
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2978000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3310000 usd
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
1200000 usd
us-gaap Inventory Write Down
InventoryWriteDown
1200000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
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14867000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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13400000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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11989000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11011000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
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2878000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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2389000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
343000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
315000 usd
us-gaap Depreciation Depletion And Amortization
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1025000 usd
us-gaap Depreciation Depletion And Amortization
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1023000 usd
CY2024Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
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2292000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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2010000 usd
CY2024Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
1460000 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
1194000 usd
CY2024Q3 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
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CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
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CY2024Q3 axdx Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
671000 usd
CY2023Q4 axdx Contract With Customer Liability Deferred Revenue Current
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540000 usd
CY2024Q3 axdx Contract With Customer Liability Deferred Commission Current
ContractWithCustomerLiabilityDeferredCommissionCurrent
0 usd
CY2023Q4 axdx Contract With Customer Liability Deferred Commission Current
ContractWithCustomerLiabilityDeferredCommissionCurrent
1005000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
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CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1545000 usd
CY2024Q3 axdx Contract With Customer Liability Noncurrent Research And Development Tax Incentive
ContractWithCustomerLiabilityNoncurrentResearchAndDevelopmentTaxIncentive
2469000 usd
CY2023Q4 axdx Contract With Customer Liability Noncurrent Research And Development Tax Incentive
ContractWithCustomerLiabilityNoncurrentResearchAndDevelopmentTaxIncentive
1122000 usd
CY2024Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2469000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1122000 usd
CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000 usd
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2024Q3 us-gaap Revenue Remaining Performance Obligation
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3200000 usd
CY2023Q3 axdx Contract With Customer Liability Noncurrent Research And Development Tax Incentive
ContractWithCustomerLiabilityNoncurrentResearchAndDevelopmentTaxIncentive
1100000 usd
CY2024Q3 axdx Contract With Customer Liability Noncurrent Research And Development Tax Incentive
ContractWithCustomerLiabilityNoncurrentResearchAndDevelopmentTaxIncentive
1200000 usd
CY2024Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
43010000 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
36828000 usd
CY2024Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0 usd
CY2023Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
726000 usd
CY2024Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
43010000 usd
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
36102000 usd
CY2023Q2 us-gaap Share Price
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7.40
CY2023Q2 us-gaap Share Price
SharePrice
7.40
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1819000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13389000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1939000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
148.40
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
36.79
us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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162.05
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
303380 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
284002 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M2D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M24D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
150.04
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
158.04
CY2024Q3 axdx Sharebased Compensation Arrangementby Sharebased Payment Award Options Outstanding Weighted Average Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsOutstandingWeightedAverageFairValue
0
CY2024Q3 axdx Sharebased Compensation Arrangementby Sharebased Payment Award Options Exercisable Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
0
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1155000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1815000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3418000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4023000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
17000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
22000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
126000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-40500000 usd
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8800000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
600000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8844000 usd
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8844000 usd
CY2023Q3 axdx Contract With Customer Liability Noncurrent Research And Development Tax Incentive
ContractWithCustomerLiabilityNoncurrentResearchAndDevelopmentTaxIncentive
1100000 usd
CY2024Q3 axdx Contract With Customer Liability Noncurrent Research And Development Tax Incentive
ContractWithCustomerLiabilityNoncurrentResearchAndDevelopmentTaxIncentive
1200000 usd
CY2022Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
11900000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
11900000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
250000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
251000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
750000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
704000 usd
CY2024Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
88000 usd
CY2023Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
816000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
683000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1357000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
200000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
244000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
242000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
741000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
735000 usd
CY2024Q3 axdx Finance Lease Cost
FinanceLeaseCost
284000 usd
CY2023Q3 axdx Finance Lease Cost
FinanceLeaseCost
284000 usd
axdx Finance Lease Cost
FinanceLeaseCost
874000 usd
axdx Finance Lease Cost
FinanceLeaseCost
816000 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
39000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
18000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
58000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
60000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
250000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
71000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
583000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
86000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
30000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q3 axdx Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q3 axdx Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
833000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
187000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
25000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
807000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
162000 usd
CY2024Q3 us-gaap Net Investment In Lease
NetInvestmentInLease
1500000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
342000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
946000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
576000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
72000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
0 usd
CY2024Q3 axdx Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
0 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
1936000 usd
CY2024Q3 axdx Sales Type And Direct Financing Leases Lease Receivable Allowances
SalesTypeAndDirectFinancingLeasesLeaseReceivableAllowances
476000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
1460000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2975000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3299000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8882000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9032000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2975000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3299000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8882000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9032000 usd
CY2024Q3 us-gaap Lease Income
LeaseIncome
100000 usd
CY2023Q3 us-gaap Lease Income
LeaseIncome
700000 usd
us-gaap Lease Income
LeaseIncome
700000 usd
us-gaap Lease Income
LeaseIncome
1300000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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