| Schedule of segment net loss |
|
|
|
|
|
|
|
|
|
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|
|
|
Three-Month Periods Ended September 30, |
|
Nine-Month Periods Ended September 30, |
($ in thousands) |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
Revenue |
|
$ |
17,025 |
|
$ |
14,629 |
|
$ |
45,173 |
|
$ |
42,514 |
Other revenue |
|
|
606 |
|
|
— |
|
|
606 |
|
|
— |
Total revenue |
|
$ |
17,631 |
|
$ |
14,629 |
|
$ |
45,779 |
|
$ |
42,514 |
Less: Segment Expenses(1) |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods sold – (excluding amortization of acquired intangible assets) |
|
$ |
5,755 |
|
$ |
4,471 |
|
$ |
15,484 |
|
$ |
16,199 |
Research and development |
|
|
287 |
|
|
842 |
|
|
326 |
|
|
9,639 |
Selling, general and administrative |
|
|
|
|
|
|
|
|
|
|
|
|
Employee related |
|
|
4,228 |
|
|
3,579 |
|
|
12,957 |
|
|
10,684 |
Sales, operations, outside services and consulting |
|
|
2,583 |
|
|
2,026 |
|
|
7,506 |
|
|
5,867 |
Marketing related |
|
|
1,631 |
|
|
3,012 |
|
|
5,393 |
|
|
5,217 |
Non-cash stock compensation |
|
|
1,854 |
|
|
1,490 |
|
|
4,513 |
|
|
4,254 |
Legal and administrative |
|
|
940 |
|
|
622 |
|
|
1,930 |
|
|
1,721 |
Product compliance expense |
|
|
290 |
|
|
378 |
|
|
883 |
|
|
1,288 |
Office and administrative |
|
|
247 |
|
|
165 |
|
|
749 |
|
|
539 |
Other |
|
|
281 |
|
|
124 |
|
|
574 |
|
|
574 |
Other segment items(2) |
|
|
1,850 |
|
|
310 |
|
|
5,648 |
|
|
2,725 |
Segment expenses |
|
|
19,946 |
|
|
17,019 |
|
|
55,963 |
|
|
58,707 |
Net loss |
|
$ |
(2,315) |
|
$ |
(2,390) |
|
$ |
(10,184) |
|
$ |
(16,193) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of net loss: |
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments and reconciling items |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Net loss |
|
$ |
(2,315) |
|
$ |
(2,390) |
|
$ |
(10,184) |
|
$ |
(16,193) |
| (1) |
The significant expense amounts align with the expenses that the CODM is regularly provided with to assess performance and allocate resources. |
| (2) |
Other segment items for the reportable segment include amortization of intangible assets, interest income (expense), foreign exchange transaction losses and income tax expense. |
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