| Schedule of Segment Reporting Provided to the CODM |
Segment reporting for the three and six months ended June 30, 2026 and 2025 (in thousands) is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Total revenue |
|
$ |
33,658 |
|
|
$ |
15,717 |
|
|
$ |
56,339 |
|
|
$ |
23,690 |
|
Less segment operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods sold |
|
|
12,846 |
|
|
|
4,984 |
|
|
|
19,132 |
|
|
|
6,078 |
|
Clinical |
|
|
1,951 |
|
|
|
1,250 |
|
|
|
3,734 |
|
|
|
2,454 |
|
Development |
|
|
1,886 |
|
|
|
2,151 |
|
|
|
3,612 |
|
|
|
3,252 |
|
Medical affairs |
|
|
1,338 |
|
|
|
1,073 |
|
|
|
2,552 |
|
|
|
2,018 |
|
Sales and marketing |
|
|
52,880 |
|
|
|
40,925 |
|
|
|
108,839 |
|
|
|
67,682 |
|
General and administrative |
|
|
11,715 |
|
|
|
7,118 |
|
|
|
20,092 |
|
|
|
15,837 |
|
Stock-based compensation |
|
|
12,395 |
|
|
|
5,371 |
|
|
|
19,818 |
|
|
|
10,669 |
|
Other segment operating expenses |
|
|
112 |
|
|
|
459 |
|
|
|
170 |
|
|
|
491 |
|
Other segment (income) expense: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
|
(1,605 |
) |
|
|
(2,731 |
) |
|
|
(3,573 |
) |
|
|
(5,968 |
) |
Interest expense |
|
|
2,479 |
|
|
|
— |
|
|
|
4,920 |
|
|
|
— |
|
Segment net loss |
|
$ |
(62,339 |
) |
|
$ |
(44,883 |
) |
|
$ |
(122,957 |
) |
|
$ |
(78,823 |
) |
|
| Schedule of Revenue by Geographic Area Based on Customers Location |
The following table summarizes revenue by geographic area based on the customers’ location (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 |
|
United States |
|
$ |
26,210 |
|
|
$ |
12,800 |
|
|
$ |
43,662 |
|
|
$ |
20,563 |
|
Denmark |
|
* |
|
|
|
2,883 |
|
|
|
5,768 |
|
|
|
3,093 |
|
Japan |
|
|
3,365 |
|
|
* |
|
|
* |
|
|
* |
|
Rest of world |
|
|
4,083 |
|
|
|
34 |
|
|
|
6,909 |
|
|
|
34 |
|
Total revenue |
|
$ |
33,658 |
|
|
$ |
15,717 |
|
|
$ |
56,339 |
|
|
$ |
23,690 |
|
_____________ * Revenue from this country was not individually material for the indicated period and is included within “Rest of world.”
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