Company: VCYT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001384101-25-000060
Chunk: 65

Company: VERACYTE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 carrying amounts of goodwill during the three months ended March 31, 2025 were due to foreign currency translation.  The Company has not recorded any impairment related to goodwill.

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Table of Contents

Intangible Assets, NetIntangible assets include finite-lived product technology, customer relationships, licenses and trade names and indefinite-lived in-process research and development. Intangible assets consisted of the following (in thousands of dollars): March 31, 2025December 31, 2024Weighted Average Remaining Amortization Period (Years) Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountPercepta product technology$16,000 $(10,667)$5,333 $16,000 $(10,400)$5,600 5Prosigna product technology4,120 (1,465)2,655 4,120 (1,396)2,724 10Decipher product technology90,000 (36,484)53,516 90,000 (34,234)55,766 6Decipher trade names4,000 (3,243)757 4,000 (3,043)957 1C2i developed technology25,300 (1,967)23,333 25,300 (1,546)23,754 14Total finite-lived intangibles139,420 (53,826)85,594 139,420 (50,619)88,801 8.3In-process research and development13,500 — 13,500 13,500 — 13,500 Total intangible assets$152,920 $(53,826)$99,094 $152,920 $(50,619)$102,301 Acquisition-related intangibles are generally finite-lived and are carried at cost less accumulated amortization. Amortization of the finite-lived intangible assets is recognized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized. Amortization expense of $3.2 million and $3.7 million was recognized for the three months ended March 31, 2025 and 2024, respectively.The estimated future aggregate amortization expense as of March 31, 2025 is as follows (in thousands