v3.25.4
Segment Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company reports segment information based on how the Company’s chief operating decision maker (“CODM”), who is the Chief Executive Officer, regularly reviews operating results, allocates resources and makes decisions regarding business operations. The Company’s business structure is comprised of one operating and reportable segment. The CODM uses segment gross margin and net loss for determining the allocation of resources, including employees, financial, or capital resources, to the segment to achieve the Company’s strategic plan and to assess the performance of the segment by monitoring actual results against performance targets established in the Company’s annual budget and forecasting process.
All revenue for the years ended December 31, 2025 and 2024 was generated from customers located in the United States. No customers represent 10% or more of the Company’s net revenue for the years ended December 31, 2025 and 2024. The measure of segment assets is reported on the Balance Sheets as total assets.
The table below is a summary of the segment net loss, including significant segment expenses (in thousands):
December 31,
20252024
Total Revenue$47,317 $31,623 
Cost of goods Sold11,115 7,282 
Gross margin36,202 24,341 
Operating expenses:
General and administrative26,234 13,975 
Sales and marketing23,545 17,140 
Medical education4,989 3,390 
Research and development7,731 4,489 
Interest/other expense14,062 966 
Segment net loss and total net loss $(40,359)(15,619)
Depreciation expense for the years ended December 31, 2025 and 2024 totaled $2,908 and $1,896, respectively. Depreciation expense of $2,824 and $1,842 for instruments is included in sales and marketing and depreciation expense of $84 and $54 for computer equipment, furniture and fixtures, and leasehold improvements is included in general, and administrative expenses in the statements of operations and comprehensive loss for the years ended December 31, 2025 and 2024, respectively.
Amortization expense related to the Company’s software license for the years ended December 31, 2025 and 2024 totaled $300 and $300, respectively, and is included in general and administrative expense.