Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION

v3.25.2
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2025
SEGMENT INFORMATION  
SEGMENT INFORMATION

NOTE 18. SEGMENT INFORMATION

The Company’s reportable segment net loss for the three and six-month periods ending June 30, 2025 and 2024 consisted of the following:

Three Months Ended June 30,

Six Months Ended June 30,

($ in thousands)

    

2025

    

2024

    

2025

    

2024

Revenue

$

15,009

$

14,855

$

28,148

$

27,885

Less: Segment Expenses(1)

 

  

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

$

4,939

$

5,727

9,729

11,728

Research and development

 

 

913

39

8,797

Selling, general and administrative

 

Employee related

 

4,698

 

3,404

8,729

7,105

Sales, operations, outside services and consulting

 

2,502

 

2,264

4,923

3,841

Marketing related

 

2,048

 

1,489

3,762

2,206

Stock compensation

 

1,336

 

1,503

2,659

2,764

Legal and administrative

 

478

 

658

990

1,098

Product compliance expense

 

318

 

499

593

910

Office and administrative

 

276

 

186

502

373

Other

 

226

 

325

293

451

Other segment items(2)

 

1,984

 

1,248

3,798

2,415

Segment expenses

 

18,805

 

18,216

36,017

41,688

Net loss

$

(3,796)

$

(3,361)

$

(7,869)

$

(13,803)

Reconciliation of net loss:

 

Adjustments and reconciling items

 

 

Net loss

$

(3,796)

$

(3,361)

$

(7,869)

$

(13,803)

(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.