| Schedule of segment net loss |
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|
Three-Month Periods Ended |
|
Nine-Month Periods Ended |
|
|
September 30, |
|
September 30, |
($ in thousands) |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Revenue |
|
$ |
18,967 |
|
$ |
17,631 |
|
$ |
53,438 |
|
$ |
45,779 |
Less: Segment expenses(1) |
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|
|
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|
|
|
|
|
|
|
|
Cost of goods sold – (excluding amortization of acquired intangible assets) |
|
|
5,884 |
|
|
5,755 |
|
|
18,245 |
|
|
15,484 |
Research and development |
|
|
51 |
|
|
287 |
|
|
105 |
|
|
326 |
Selling, general and administrative |
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|
|
|
|
|
|
|
|
|
|
|
Employee related |
|
|
4,694 |
|
|
4,228 |
|
|
13,979 |
|
|
12,957 |
Sales, operations, outside services and consulting |
|
|
4,378 |
|
|
2,583 |
|
|
8,978 |
|
|
7,506 |
Marketing related |
|
|
774 |
|
|
1,631 |
|
|
2,560 |
|
|
5,393 |
Stock compensation |
|
|
1,333 |
|
|
1,854 |
|
|
3,759 |
|
|
4,513 |
Legal and administrative |
|
|
755 |
|
|
940 |
|
|
2,258 |
|
|
1,930 |
Product compliance expense |
|
|
256 |
|
|
290 |
|
|
789 |
|
|
883 |
Office and administrative |
|
|
196 |
|
|
247 |
|
|
736 |
|
|
749 |
Other |
|
|
207 |
|
|
281 |
|
|
531 |
|
|
574 |
Other segment items(2) |
|
|
1,754 |
|
|
1,850 |
|
|
5,355 |
|
|
5,648 |
Segment expenses |
|
|
20,282 |
|
|
19,946 |
|
|
57,295 |
|
|
55,963 |
Segment loss from operations |
|
$ |
(1,315) |
|
$ |
(2,315) |
|
$ |
(3,857) |
|
$ |
(10,184) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation to net loss: |
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|
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|
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|
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|
|
Adjustments and reconciling items |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Net loss |
|
$ |
(1,315) |
|
$ |
(2,315) |
|
$ |
(3,857) |
|
$ |
(10,184) |
| (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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