| SEGMENT INFORMATION |
NOTE 18. SEGMENT INFORMATION
The Company’s reportable segment net loss for the three and six-month periods ending June 30, 2026 and 2025 consisted of the following:
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Three-Month Periods Ended June 30, |
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Six-Month Periods Ended June 30, |
($’s in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
Revenue |
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$ |
18,510 |
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$ |
15,009 |
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$ |
34,471 |
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$ |
28,148 |
Less: Segment expenses(1) |
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Cost of goods sold – (excluding amortization of acquired intangible assets) |
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6,143 |
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4,939 |
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12,361 |
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9,729 |
Research and development |
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54 |
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— |
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54 |
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39 |
Selling, general and administrative |
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Employee related |
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4,597 |
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4,698 |
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9,285 |
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8,729 |
Sales, operations, outside services and consulting |
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2,438 |
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2,502 |
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4,600 |
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4,923 |
Marketing related |
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842 |
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2,048 |
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1,786 |
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3,762 |
Stock compensation |
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1,437 |
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1,336 |
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2,426 |
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|
2,659 |
Legal and administrative |
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|
902 |
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|
478 |
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1,503 |
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|
990 |
Product compliance expense |
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285 |
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|
318 |
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|
533 |
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|
593 |
Office and administrative |
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261 |
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|
276 |
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|
540 |
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|
502 |
Other |
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|
126 |
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|
226 |
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|
324 |
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|
293 |
Other segment items(2) |
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1,737 |
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|
1,984 |
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3,601 |
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|
3,798 |
Segment expenses |
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18,822 |
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18,805 |
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37,013 |
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|
36,017 |
Segment loss from operations |
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$ |
(312) |
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$ |
(3,796) |
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$ |
(2,542) |
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$ |
(7,869) |
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Reconciliation to net loss: |
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Adjustments and reconciling items |
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— |
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— |
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— |
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— |
Net loss |
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$ |
(312) |
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$ |
(3,796) |
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$ |
(2,542) |
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$ |
(7,869) |
| (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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