v3.26.1
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2026
SEGMENT INFORMATION  
Schedule of segment information

  ​ ​ ​

Three Months Ended

  ​ ​ ​

Six Months Ended

June 30, 

June 30, 

 

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

 

(amounts, in thousands)

Revenue

$

9,633

$

9,617

$

18,497

$

18,344

Gross profit

$

7,049

$

6,814

$

13,179

$

13,021

Gross margin

 

73

%  

 

71

%  

 

71

%  

 

71

%  

Total operating expenses

$

9,687

$

10,429

$

18,861

$

20,523

Loss from operations

$

(2,638)

$

(3,615)

$

(5,682)

$

(7,502)

EBITDA and Adjusted EBITDA (both non-GAAP measures):

 

 

 

  ​

 

  ​

Net income (loss)

$

(4,417)

$

1,947

$

(9,547)

$

469

Interest expense, net

 

868

 

616

 

1,726

 

1,221

Depreciation and amortization expense

 

351

 

404

 

699

 

773

Earnings (Loss) before interest expense, income taxes, depreciation and amortization (“EBITDA”), a non-GAAP measure

 

(3,198)

 

2,967

 

(7,122)

 

2,463

Stock-based compensation

 

368

 

571

 

912

 

1,391

(Gain) loss on foreign currency transactions

 

911

 

(6,178)

 

2,139

 

(9,192)

Restructuring

 

270

 

 

310

 

Adjusted EBITDA, a non-GAAP measure

$

(1,648)

$

(2,640)

$

(3,761)

$

(5,338)

Adjusted net loss, a non-GAAP measure:

 

 

 

  ​

 

  ​

Net loss

$

(4,417)

$

1,947

$

(9,547)

$

469

Stock-based compensation

 

368

 

571

 

912

 

1,391

(Gain) loss on foreign currency transactions

 

911

 

(6,178)

 

2,139

 

(9,192)

Restructuring

 

270

 

 

310

 

Adjusted net loss, a non-GAAP measure

$

(2,868)

$

(3,660)

$

(6,186)

$

(7,332)

Operating cash burn (net change in cash, cash equivalents, and restricted cash, excluding financing activities

$

(400)

$

(1,384)

$

(1,836)

$

(4,869)

June 30, 2026

  ​ ​ ​

December 31, 2025

  ​ ​ ​

(amounts, in thousands)

Total assets

$

37,960

$

44,182

  ​ ​ ​

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

(amounts, in thousands)

(amounts, in thousands)

Research and development:

 

  ​

 

  ​

Clinical expenses

$

992

$

812

$

1,451

$

1,791

Other research and development expenses

 

461

 

450

 

1,027

 

1,133

Total research and development

$

1,453

$

1,262

$

2,478

$

2,924

Selling, general and administrative

 

 

 

 

Royalty expense

$

290

$

286

$

546

$

544

Stock-based compensation

 

368

 

429

 

912

 

1,056

Legal, financial and consulting

 

583

 

1,364

 

1,504

 

2,002

Other general and administrative

 

6,723

 

7,088

 

13,111

 

13,997

Total selling, general and administrative

$

7,964

$

9,167

$

16,073

$

17,599