v3.26.1
Segment Reporting
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

22. Segment Reporting

 

The Company operates as one operating segment, that derives revenue primarily from our principal product, Ameluz, which is a prescription drug approved for use in PDT using our RhodoLED Lamps, for the treatment of AKs. We are currently selling Ameluz for this indication in the United States. Ameluz (including the RhodoLED Lamps) accounts for approximately 100% of our revenue.

 

The Company’s CODM is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net income to allocate resources and assesses financial performance by comparing actual results to historical results and previously forecasted financial information.

 

The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2025, and 2024:

 

 

(in thousands)  December 31,
2025
   December 31,
2024
 
         
Revenues, net   41,705    37,321 
           
Operating expenses:          
Cost of revenues   10,964    18,607 
Direct sales   7,963    9,058 
Sales support   7,541    8,498 
General and administrative   22,866    16,279 
Research and development   3,719    2,089 
Total operating expenses   53,053    54,531 
Loss from operations   (11,348)   (17,210)
Other income (expense), net   837    (527)
Loss before income taxes   (10,511)   (17,737)
Income tax expenses   25    22 
Net loss  $(10,536)  $(17,759)