v3.26.1
Note 17 - Segment Information
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

17.

Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker (“CODM”) in deciding how to allocate resources and assess performance. The Company operates in a one business segment. The Company’s CODM is its President and Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM’s financial review is focused on the consolidated financial results of the Company which is used as the basis for financial performance assessment and allocation of resources.

 

The following table presents financial information with respect to the Company’s single operating segment for the three and six months ended June 30, 2026, and 2025 (in thousands):

 

   

For the Three Months Ended
June 30,

   

For the Six Months Ended
June 30,

 
   

2026

   

2025

   

2026

   

2025

 

Revenue

  $ 32,610     $ 28,219     $ 62,222     $ 54,387  

Cost of product revenue

    11,366       13,856       21,981       25,343  

Gross profit

    21,244       14,363       40,241       29,044  
                                 

Operating expenses:

                               

Research & development

    7,341       6,313       14,054       12,372  

Selling, general & administrative

    10,949       12,230       28,721       25,136  

Total operating expenses

    18,290       18,543       42,775       37,508  

Income (loss) from operations

    2,954       (4,180 )     (2,534 )     (8,464 )

Interest and other income, net

    426       214       1,093       629  

Income (loss) before income taxes

    3,380       (3,966 )     (1,441 )     (7,835 )

Provision for income taxes

    71       681       306       770  

Income (loss) from continuing operations

    3,309       (4,647 )     (1,747 )     (8,605 )

Income (loss) from discontinued operations, net of tax

    -       677       -       (238 )

Net income (loss)

  $ 3,309     $ (3,970 )   $ (1,747 )   $ (8,843 )