| Schedule of Calculation of Consolidated Net (Loss) Income |
The
table below provides the calculation of consolidated net income (loss), which is the performance measure that is most consistent with
GAAP, and the significant operating expenses included in this performance measure (in thousands):
Schedule
of Calculation of Consolidated Net (Loss) Income
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Revenue | |
$ | 35,411 | | |
$ | 29,943 | | |
$ | 68,315 | | |
$ | 57,816 | |
| Less cost of sales | |
| 11,127 | | |
| 11,361 | | |
| 23,788 | | |
| 21,932 | |
| Gross Profit | |
| 24,284 | | |
| 18,582 | | |
| 44,527 | | |
| 35,884 | |
| Gross Margin | |
| 68.6 | % | |
| 62.1 | % | |
| 65.2 | % | |
| 62.1 | % |
| Less: | |
| | | |
| | | |
| | | |
| | |
| General and administrative | |
| 7,478 | | |
| 7,713 | | |
| 15,011 | | |
| 15,498 | |
| Sales and marketing | |
| 11,616 | | |
| 13,179 | | |
| 22,820 | | |
| 25,639 | |
| Research and development | |
| 566 | | |
| 636 | | |
| 1,009 | | |
| 1,163 | |
| Interest expense | |
| 1,004 | | |
| 992 | | |
| 2,049 | | |
| 1,827 | |
| Unrealized foreign currency translation gain | |
| (178 | ) | |
| (118 | ) | |
| (202 | ) | |
| (79 | ) |
| Other (income) expense | |
| (7 | ) | |
| 5 | | |
| 2 | | |
| (7 | ) |
| Provision for income taxes | |
| 255 | | |
| 36 | | |
| 230 | | |
| 104 | |
| Net Income (Loss) | |
$ | 3,550 | | |
$ | (3,861 | ) | |
$ | 3,608 | | |
$ | (8,261 | ) |
|
| Schedule of Revenues by Geographic Region |
Schedule
of Revenues by Geographic Region
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| United States | |
$ | 32,133 | | |
$ | 26,276 | | |
$ | 62,250 | | |
$ | 51,409 | |
| Rest of world | |
| 3,278 | | |
| 3,667 | | |
| 6,065 | | |
| 6,407 | |
| Total revenue | |
$ | 35,411 | | |
$ | 29,943 | | |
$ | 68,315 | | |
$ | 57,816 | |
|