v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Revenue and Net Loss

The following table presents segment revenue and significant segment expense categories regularly provided to the CODM for purposes of managing the Company’s single operating and reportable segment. Segment revenue and net loss are consistent with the statements of operations (in thousands).

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

13,505

 

 

$

6,674

 

 

$

25,579

 

 

$

12,335

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

 

2,267

 

 

 

1,184

 

 

 

4,400

 

 

 

2,199

 

Research and development costs

 

 

2,278

 

 

 

1,418

 

 

 

3,970

 

 

 

2,772

 

Selling, general and administrative expenses (1)

 

 

26,886

 

 

 

14,532

 

 

 

52,072

 

 

 

28,128

 

Other segment items (2)

 

 

3,117

 

 

 

30

 

 

 

3,920

 

 

 

379

 

Net loss

 

$

(21,043

)

 

$

(10,490

)

 

$

(38,783

)

 

$

(21,143

)

 

(1)
Selling, general and administrative expenses include depreciation and amortization expense of $0.1 million and $32,000 for the three months ended June 30, 2026 and 2025, respectively and $0.2 million and $0.1 million for six months ended June 30, 2026 and 2025.
(2)
Other segment items represent the net effect of the change in fair value of convertible notes payable, interest expense, other income, net, and provision for income taxes, as shown on the statements of operations.