| Schedule Of Segment Revenue Gross Profit And Net Loss |
The following table presents segment revenue, gross profit, net loss and certain operating financial results of the Company’s single operating segment for the periods presented, as viewed by the CODM (in thousands):
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|
|
|
|
|
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|
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|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Sales |
$ |
13,698 |
|
|
$ |
13,623 |
|
|
$ |
25,209 |
|
|
$ |
25,636 |
|
Less cost of goods sold: |
|
|
|
|
|
|
|
|
|
|
|
Other cost of goods sold |
|
7,752 |
|
|
|
7,614 |
|
|
|
14,146 |
|
|
|
14,256 |
|
Stock-based compensation |
|
37 |
|
|
|
39 |
|
|
|
62 |
|
|
|
112 |
|
Amortization of intangible assets |
|
91 |
|
|
|
89 |
|
|
|
181 |
|
|
|
178 |
|
Depreciation |
|
29 |
|
|
|
42 |
|
|
|
58 |
|
|
|
91 |
|
Gross profit |
|
5,789 |
|
|
|
5,839 |
|
|
|
10,762 |
|
|
|
10,999 |
|
Gross margin |
|
42 |
% |
|
|
43 |
% |
|
|
43 |
% |
|
|
43 |
% |
Less research and development: |
|
|
|
|
|
|
|
|
|
|
|
Other research and development expenses |
|
1,967 |
|
|
|
2,264 |
|
|
|
3,976 |
|
|
|
4,380 |
|
Stock-based compensation expense |
|
305 |
|
|
|
161 |
|
|
|
451 |
|
|
|
431 |
|
Acquisition and integration costs |
|
82 |
|
|
|
— |
|
|
|
114 |
|
|
|
— |
|
Severance and exit costs |
|
476 |
|
|
|
65 |
|
|
|
476 |
|
|
|
112 |
|
Depreciation |
|
51 |
|
|
|
63 |
|
|
|
113 |
|
|
|
128 |
|
Total research and development |
|
2,881 |
|
|
|
2,553 |
|
|
|
5,130 |
|
|
|
5,051 |
|
Less sales and marketing: |
|
|
|
|
|
|
|
|
|
|
|
Other sales and marketing expenses |
|
1,841 |
|
|
|
2,255 |
|
|
|
3,916 |
|
|
|
4,565 |
|
Stock-based compensation expense |
|
85 |
|
|
|
88 |
|
|
|
217 |
|
|
|
161 |
|
Acquisition and integration costs |
|
99 |
|
|
|
— |
|
|
|
219 |
|
|
|
— |
|
Severance and exit costs |
|
93 |
|
|
|
73 |
|
|
|
93 |
|
|
|
150 |
|
Depreciation |
|
4 |
|
|
|
3 |
|
|
|
7 |
|
|
|
7 |
|
Total sales and marketing |
|
2,122 |
|
|
|
2,419 |
|
|
|
4,452 |
|
|
|
4,883 |
|
Less general and administrative: |
|
|
|
|
|
|
|
|
|
|
|
Other general and administrative expenses |
|
1,814 |
|
|
|
1,881 |
|
|
|
3,764 |
|
|
|
4,015 |
|
Stock-based compensation expense |
|
468 |
|
|
|
315 |
|
|
|
872 |
|
|
|
806 |
|
Amortization of intangible assets |
|
144 |
|
|
|
653 |
|
|
|
270 |
|
|
|
1,306 |
|
Acquisition and integration costs |
|
33 |
|
|
|
— |
|
|
|
55 |
|
|
|
— |
|
Severance and exit costs |
|
— |
|
|
|
13 |
|
|
|
— |
|
|
|
24 |
|
Depreciation |
|
12 |
|
|
|
5 |
|
|
|
17 |
|
|
|
10 |
|
Total general and administrative |
|
2,471 |
|
|
|
2,867 |
|
|
|
4,978 |
|
|
|
6,161 |
|
Loss from operations |
|
(1,685 |
) |
|
|
(2,000 |
) |
|
|
(3,798 |
) |
|
|
(5,096 |
) |
Employee retention credit refund |
|
— |
|
|
|
495 |
|
|
|
— |
|
|
|
1,989 |
|
Employee retention credit -process costs |
|
— |
|
|
|
(45 |
) |
|
|
— |
|
|
|
(179 |
) |
Interest income, net |
|
14 |
|
|
|
100 |
|
|
|
32 |
|
|
|
321 |
|
Other income, net |
|
— |
|
|
|
— |
|
|
|
340 |
|
|
|
— |
|
Other segment expenses (1) |
|
(63 |
) |
|
|
(11 |
) |
|
|
(133 |
) |
|
|
(18 |
) |
Loss before income taxes |
|
(1,734 |
) |
|
|
(1,461 |
) |
|
|
(3,559 |
) |
|
|
(2,983 |
) |
Income tax (benefit) expense |
|
(28 |
) |
|
|
14 |
|
|
|
44 |
|
|
|
38 |
|
Net loss |
$ |
(1,706 |
) |
|
$ |
(1,475 |
) |
|
$ |
(3,603 |
) |
|
$ |
(3,021 |
) |
(1) Other segment expenses are primarily foreign currency transaction remeasurements and franchise taxes.
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