Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION

v3.25.1
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2025
SEGMENT INFORMATION  
SEGMENT INFORMATION

NOTE 18. SEGMENT INFORMATION

The Company’s reportable segment net loss for the three months ending March 31, 2025 and 2024 consisted of the following:

Three Months Ended March 31,

($ in thousands)

    

2025

    

2024

Revenue

$

13,139

$

13,030

Less: Segment Expenses(1)

 

  

Cost of goods sold – (excluding amortization of acquired intangible assets)

 

4,790

 

6,002

Research and development

 

39

 

7,884

Selling, general and administrative

 

  

Employee related

 

4,031

 

3,701

Sales, operations, outside services and consulting

 

3,078

 

1,941

Marketing related

 

1,057

 

352

Stock compensation

 

1,323

 

1,261

Legal and administrative

 

513

 

440

Product compliance expense

 

275

 

411

Office and administrative

 

226

 

187

Other

 

66

 

125

Other segment items(2)

 

1,814

 

1,168

Segment expenses

 

17,212

 

23,472

Net loss

$

(4,073)

$

(10,442)

Reconciliation of net loss:

 

  

Adjustments and reconciling items

 

 

Net loss

$

(4,073)

$

(10,442)

(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.