v3.26.1
Segment Reporting
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

18. Segment Reporting

 

The Company operates as one operating segment that derives revenue primarily from our principal product, Ameluz®, which is a prescription drug approved for use in PDT using our RhodoLED® Lamps, for the treatment of AKs. We are currently selling Ameluz® for this indication in the United States. Ameluz® (including the RhodoLED® Lamps) accounts for substantially all of our revenue.

 

The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net loss to allocate resources and assesses financial performance by comparing actual results to historical results and previously forecasted financial information.

 

The following table presents selected financial information with respect to the Company’s single operating segment:

 

(in thousands)  2026   2025   2026   2025 
   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
(in thousands)  2026   2025   2026   2025 
Revenues, net  $12,003   $9,030   $22,087   $17,617 
                     
Operating expenses:                    
Cost of revenues   2,410    2,642    4,526    5,910 
Direct sales   2,131    1,774    4,271    3,576 
Sales support   2,267    2,100    4,816    4,196 
General and administrative   4,397    6,464    9,732    11,011 
Manufacturing related   135    -    629    - 
Regulatory and product affairs   368    -    479    - 
Patent remediation expense   -    -    392    - 
Research and development   448    870    1,348    2,077 
Other operating expenses   371    259    738    476 
Total operating expenses   12,527    14,109    26,931    27,246 
Loss from operations   (524)   (5,079)   (4,844)   (9,629)
Other income (expense), net   (57)   (224)   (489)   121 
Loss before income taxes   (581)   (5,303)   (5,333)   (9,508)
Income tax expense   23    21    23    19 
Net loss  $(604)  $(5,324)  $(5,356)  $(9,527)