Company: VCYT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001384101-25-000060
Chunk: 26

Company: VERACYTE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 are assumed to be used to repurchase shares. The following table sets forth the computation of basic and diluted EPS (in thousands, except per-share amounts):Three Months Ended March 31,20252024Numerator for basic and diluted EPS — net income (loss) (A)$7,047 $(1,864)Denominator for basic EPS — weighted average shares (B)78,028 74,760 Effect of potentially dilutive common stock from:Shares of common stock subject to outstanding options671 — Restricted stock units1,320 — Employee stock purchase plan37 — Dilutive potential common shares2,028 — Denominator for diluted EPS — adjusted weighted average shares and assumed conversions (C)80,056 74,760 Basic EPS (A / B)$0.09 $(0.02)Diluted EPS (A / C)$0.09 $(0.02)Common stock equivalent shares excluded from the dilutive calculation due to antidilutive effect:Shares of common stock subject to outstanding options305 3,628 Restricted stock units27 2,936 Employee stock purchase plan— 29 Anti-dilutive potential common shares332 6,593 

3. Balance Sheet Components

GoodwillGoodwill was $754.3 million and $745.8 million as of March 31, 2025 and December 31, 2024, respectively. The changes in the 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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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