2024 Q3 Form 10-Q Financial Statement

#000180459124000059 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $44.07M
YoY Change -11.86%
Cost Of Revenue $21.66M
YoY Change -23.37%
Gross Profit $22.41M
YoY Change 3.12%
Gross Profit Margin 50.84%
Selling, General & Admin $40.29M
YoY Change -7.63%
% of Gross Profit 179.82%
Research & Development $41.04M
YoY Change -24.82%
% of Gross Profit 183.16%
Depreciation & Amortization $2.000M
YoY Change -33.33%
% of Gross Profit 8.93%
Operating Expenses $83.58M
YoY Change -17.14%
Operating Profit -$61.17M
YoY Change -22.7%
Interest Expense $2.009M
YoY Change -47.13%
% of Operating Profit
Other Income/Expense, Net $15.00K
YoY Change -89.66%
Pretax Income -$59.14M
YoY Change -21.39%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$59.10M
YoY Change -21.48%
Net Earnings / Revenue -134.11%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.32
COMMON SHARES
Basic Shares Outstanding 25.52M shares
Diluted Shares Outstanding 25.52M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.6M
YoY Change -50.62%
Cash & Equivalents $126.6M
Short-Term Investments
Other Short-Term Assets $2.372M
YoY Change -90.55%
Inventory $14.85M
Prepaid Expenses $12.89M
Receivables $446.0K
Other Receivables $1.751M
Total Short-Term Assets $188.8M
YoY Change -36.65%
LONG-TERM ASSETS
Property, Plant & Equipment $24.81M
YoY Change -24.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.486M
YoY Change -36.95%
Total Long-Term Assets $130.2M
YoY Change -74.14%
TOTAL ASSETS
Total Short-Term Assets $188.8M
Total Long-Term Assets $130.2M
Total Assets $318.9M
YoY Change -60.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.486M
YoY Change -24.1%
Accrued Expenses $67.33M
YoY Change 50.67%
Deferred Revenue $69.75M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $152.8M
YoY Change 50.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.754M
YoY Change 23.96%
Total Long-Term Liabilities $1.754M
YoY Change 23.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.8M
Total Long-Term Liabilities $1.754M
Total Liabilities $217.0M
YoY Change 23.31%
SHAREHOLDERS EQUITY
Retained Earnings -$2.300B
YoY Change 36.4%
Common Stock $2.404B
YoY Change 3.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $101.9M
YoY Change
Total Liabilities & Shareholders Equity $318.9M
YoY Change -60.19%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$59.10M
YoY Change -21.48%
Depreciation, Depletion And Amortization $2.000M
YoY Change -33.33%
Cash From Operating Activities -$40.93M
YoY Change -28.33%
INVESTING ACTIVITIES
Capital Expenditures $2.711M
YoY Change -2.13%
Acquisitions
YoY Change
Other Investing Activities $11.00K
YoY Change
Cash From Investing Activities -$2.700M
YoY Change -2.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 260.0K
YoY Change -83.65%
NET CHANGE
Cash From Operating Activities -40.93M
Cash From Investing Activities -2.700M
Cash From Financing Activities 260.0K
Net Change In Cash -43.37M
YoY Change -25.6%
FREE CASH FLOW
Cash From Operating Activities -$40.93M
Capital Expenditures $2.711M
Free Cash Flow -$43.64M
YoY Change -27.12%

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us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
0 usd
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
504000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2878000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-396000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2381000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4733000 usd
me Increase Decrease In Deferred Cost Of Revenue
IncreaseDecreaseInDeferredCostOfRevenue
-950000 usd
me Increase Decrease In Deferred Cost Of Revenue
IncreaseDecreaseInDeferredCostOfRevenue
-406000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
174000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2433000 usd
me Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
3790000 usd
me Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
3529000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-381000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-664000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5063000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3951000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1899000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5674000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5076000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-22237000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4826000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4255000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
283000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-65000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-84200000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-126474000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
566000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
715000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
159000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 usd
us-gaap Payments For Software
PaymentsForSoftware
3449000 usd
us-gaap Payments For Software
PaymentsForSoftware
4758000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3856000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5468000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
58000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
473000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
331000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1411000 usd
me Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
2000 usd
me Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
263000 usd
me Payments For Taxes Related To Net Share Settlement Of Equity Awards
PaymentsForTaxesRelatedToNetShareSettlementOfEquityAwards
-118000 usd
me Payments For Taxes Related To Net Share Settlement Of Equity Awards
PaymentsForTaxesRelatedToNetShareSettlementOfEquityAwards
-142000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
269000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1479000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-87787000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-130463000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224861000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
395222000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137074000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264759000 usd
me Purchases Of Property And Equipment During The Period Included In Accounts Payable And Accrued Expenses
PurchasesOfPropertyAndEquipmentDuringThePeriodIncludedInAccountsPayableAndAccruedExpenses
85000 usd
me Purchases Of Property And Equipment During The Period Included In Accounts Payable And Accrued Expenses
PurchasesOfPropertyAndEquipmentDuringThePeriodIncludedInAccountsPayableAndAccruedExpenses
26000 usd
me Stock Based Compensation Capitalized For Internal Use Software Costs
StockBasedCompensationCapitalizedForInternalUseSoftwareCosts
1099000 usd
me Stock Based Compensation Capitalized For Internal Use Software Costs
StockBasedCompensationCapitalizedForInternalUseSoftwareCosts
2089000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126601000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
256386000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1499000 usd
CY2023Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1399000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
8974000 usd
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6974000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137074000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264759000 usd
CY2024Q3 me Number Of Non Employee Directors Resigning
NumberOfNonEmployeeDirectorsResigning
7 nonemployee_director
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 reportable_segment
us-gaap Fiscal Period
FiscalPeriod
<div style="margin-top:12pt"><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:36pt"><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 2025 refer to the fiscal year ending March 31, 2025 and references to fiscal 2024 and fiscal 2023 refer to the fiscal years ended March 31, 2024 and March 31, 2023, respectively.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><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:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of condensed 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 condensed 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 </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%">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 incremental borrowing rate for operating leases; stock-based compensation including the determination of the fair value of stock options and annual incentive bonuses payable in the form of restricted stock units (“RSUs”); 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 condensed consolidated financial statements.</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/or additional information is obtained, and will be recognized in the condensed consolidated financial statements as soon as they become known.
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><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><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 3, “</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>” 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 parties, which collect its credit card receivables, and large multinational corporations. The Company regularly monitors the aging of accounts receivable balances.
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
10500000 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
8400000 usd
CY2023Q2 me Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
-6000000 usd
CY2024Q2 me Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
-6200000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2300000000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126600000 usd
CY2024Q3 me Holders Of Common Stock Voting Interest Minimum Percentage Required To Approve A Stock Split
HoldersOfCommonStockVotingInterestMinimumPercentageRequiredToApproveAStockSplit
0.67
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44071000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49999000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
84485000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
110863000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44071000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49999000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
84485000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
110863000 usd
CY2024Q3 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
5400000 usd
CY2023Q3 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
4300000 usd
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
9400000 usd
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
8900000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.86
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 reportable_segment
CY2024Q3 us-gaap Revenues
Revenues
44071000 usd
CY2023Q3 us-gaap Revenues
Revenues
49999000 usd
us-gaap Revenues
Revenues
84485000 usd
us-gaap Revenues
Revenues
110863000 usd
CY2024Q3 me Adjusted Ebitda
AdjustedEBITDA
-33412000 usd
CY2023Q3 me Adjusted Ebitda
AdjustedEBITDA
-45053000 usd
me Adjusted Ebitda
AdjustedEBITDA
-68574000 usd
me Adjusted Ebitda
AdjustedEBITDA
-94853000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-59103000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-75270000 usd
us-gaap Net Income Loss
NetIncomeLoss
-128503000 usd
us-gaap Net Income Loss
NetIncomeLoss
-179894000 usd
CY2024Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2009000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3752000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4583000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8059000 usd
CY2024Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
15000 usd
CY2023Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
145000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
477000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-41000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-41000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36000 usd
CY2024Q3 me Depreciation And Amortization Net
DepreciationAndAmortizationNet
4972000 usd
CY2023Q3 me Depreciation And Amortization Net
DepreciationAndAmortizationNet
4474000 usd
me Depreciation And Amortization Net
DepreciationAndAmortizationNet
8983000 usd
me Depreciation And Amortization Net
DepreciationAndAmortizationNet
8951000 usd
CY2024Q3 me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
1775000 usd
CY2023Q3 me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
3638000 usd
me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
3551000 usd
me Amortization Of Acquired Intangible Assets
AmortizationOfAcquiredIntangibleAssets
7277000 usd
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
19486000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
23741000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
41063000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
74840000 usd
CY2024Q3 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 usd
CY2023Q3 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-2127000 usd
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 usd
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-2375000 usd
CY2024Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 usd
CY2023Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
98000 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
98000 usd
CY2024Q3 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
1523000 usd
CY2023Q3 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
10952000 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2024Q3 me Adjusted Ebitda Net
AdjustedEBITDANet
-33412000 usd
CY2023Q3 me Adjusted Ebitda Net
AdjustedEBITDANet
-45053000 usd
me Adjusted Ebitda Net
AdjustedEBITDANet
-68574000 usd
me Adjusted Ebitda Net
AdjustedEBITDANet
-94853000 usd
CY2024 me Fair Value Assets Transfers Between Levels Amount
FairValueAssetsTransfersBetweenLevelsAmount
0 usd
me Fair Value Assets Transfers Between Levels Amount
FairValueAssetsTransfersBetweenLevelsAmount
0 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12894000 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9296000 usd
CY2024Q3 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
22633000 usd
CY2024Q1 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
2188000 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1751000 usd
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3563000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
2372000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1794000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
39650000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16841000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
110012000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
110082000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
85198000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
81731000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24814000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28351000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
2000000.0 usd
CY2023Q3 us-gaap Depreciation
Depreciation
3000000 usd
us-gaap Depreciation
Depreciation
4000000.0 usd
us-gaap Depreciation
Depreciation
6000000.0 usd
CY2024Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024Q3 me Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
85166000 usd
CY2024Q1 me Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
85166000 usd
CY2024Q3 me Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
40062000 usd
CY2024Q1 me Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
36272000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45104000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48894000 usd
CY2024Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
39296000 usd
CY2024Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
35918000 usd
CY2024Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
18817000 usd
CY2024Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
15402000 usd
CY2024Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
20479000 usd
CY2024Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
20516000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
67300000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
38005000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29295000 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
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000.0 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000000.0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7700000 usd
CY2024Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3960000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7919000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6769000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5006000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3175000 usd
CY2024Q3 me Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
2466000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29295000 usd
CY2024Q3 me Accrued Payables Current
AccruedPayablesCurrent
8660000 usd
CY2024Q1 me Accrued Payables Current
AccruedPayablesCurrent
9697000 usd
CY2024Q3 me Accrued Settlement And Legal Expenses
AccruedSettlementAndLegalExpenses
34525000 usd
CY2024Q1 me Accrued Settlement And Legal Expenses
AccruedSettlementAndLegalExpenses
3260000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3235000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4266000 usd
CY2024Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
6643000 usd
CY2024Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
7221000 usd
CY2024Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
7696000 usd
CY2024Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
7420000 usd
CY2024Q3 me Accrued Clinical Expenses Current
AccruedClinicalExpensesCurrent
5467000 usd
CY2024Q1 me Accrued Clinical Expenses Current
AccruedClinicalExpensesCurrent
9291000 usd
CY2024Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1102000 usd
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1108000 usd
CY2024Q3 me Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
67328000 usd
CY2024Q1 me Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
42263000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
2200000 usd
us-gaap Restructuring Charges
RestructuringCharges
2200000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2700000 usd
us-gaap Restructuring Charges
RestructuringCharges
6900000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
22000 usd
us-gaap Restructuring Charges
RestructuringCharges
2242000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
2017000 usd
CY2024Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
247000 usd
CY2024Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P7Y
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
17312 sqft
CY2024Q3 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P4Y
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3200000 usd
us-gaap Sublease Income
SubleaseIncome
30000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
30000 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3300000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1400000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1200000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6700000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6800000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2900000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2500000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6527000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15946000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15472000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11666000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12016000 usd
CY2024Q3 me Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
29414000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91041000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19353000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
71688000 usd
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
59600000 usd
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
Each share of Class B common stock is convertible into one share of Class A common stock any time at the option of the holder and is automatically converted into one share of Class A common stock upon transfer
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3134850 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3536989 shares
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
10615522 shares
CY2024Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
11945930 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.61
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17400000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000.0 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
17400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19486000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23741000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
41063000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74840000 usd
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.02
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
me Defined Contribution Plan Employer Matching Contribution Employees Gross Pay Amount
DefinedContributionPlanEmployerMatchingContributionEmployeesGrossPayAmount
2300000 usd
CY2024Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 usd
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1100000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2024Q3 me Holders Of Common Stock Voting Interest Minimum Percentage Required To Approve A Stock Split
HoldersOfCommonStockVotingInterestMinimumPercentageRequiredToApproveAStockSplit
0.67
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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