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