| Schedule of segment net loss |
|
|
|
|
|
|
|
|
|
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|
|
|
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: |
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|
|
|
|
|
|
|
|
|
|
|
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. |
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