v3.26.1
Segment information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment information

Note 15 - Segment information

 

The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer. The Company has determined that it has a single operating and reportable segment. The CODM uses revenue, gross margin and operating expenses at the consolidated level to allocate resources, monitor budget versus actual results, and manage operations. Significant expenses within operating expenses include engineering and development, clinical and regulatory, sales and marketing, and general and administrative expenses at the consolidated level.

 

Substantially all of the segment revenue is derived from sales to customers in the U.S. Revenue by geography is based on billing address of the customer. International revenue accounted for less than 5% of the total revenue during the periods presented. Long-lived assets held outside the U.S. are immaterial. 

 

The following table summarizes the Company's revenue by geography for the three months ended March 31, 2026 and 2025 (in thousands):

          
   Three Months Ended March 31, 
   2026   2025 
United States  $2,359   $- 
International   3    - 
Total Revenue  $2,362   $- 

 

The following table disaggregates amounts that comprise research and development, and selling, general and administrative expenses within the accompanying unaudited condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025 (in thousands):

          
   Three Months Ended March 31, 
   2026   2025 
Engineering and development  $3,989   $3,257 
Clinical and regulatory   2,428    2,162 
Total research and development  $6,417   $5,419 
           
Sales and marketing  $6,148   $1,489 
General and administrative   3,791    2,874 
Total selling, general and administrative  $9,939   $4,363 

 

The segment's net loss equals the Company’s net loss as presented in the unaudited condensed consolidated statements of operations. Other segment items within net loss include interest expense, interest income, and loss on foreign currency at the consolidated level.