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

Note 17 — Segment Reporting

The following table presents segment revenue, gross profit, and net loss for the periods presented (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenues

 

$

4,740

 

 

$

18,393

 

 

$

15,965

 

 

$

24,272

 

Cost of goods sold

 

 

4,167

 

 

 

16,756

 

 

 

11,021

 

 

 

21,399

 

Gross profit

 

 

573

 

 

 

1,637

 

 

 

4,944

 

 

 

2,873

 

less:

 

 

 

 

 

 

 

 

 

 

 

 

Employee related

 

 

3,086

 

 

 

2,959

 

 

 

6,015

 

 

 

5,944

 

Stock-based compensation(1)

 

 

1,934

 

 

 

1,528

 

 

 

3,988

 

 

 

2,989

 

Facility and rent

 

 

516

 

 

 

1,132

 

 

 

1,115

 

 

 

2,191

 

Insurance

 

 

618

 

 

 

800

 

 

 

1,385

 

 

 

1,678

 

Depreciation

 

 

465

 

 

 

504

 

 

 

964

 

 

 

951

 

Professional services

 

 

740

 

 

 

448

 

 

 

1,361

 

 

 

1,084

 

Computer and software as a service

 

 

448

 

 

 

502

 

 

 

1,078

 

 

 

852

 

Research and development materials

 

 

427

 

 

 

472

 

 

 

878

 

 

 

809

 

Other(2)

 

 

286

 

 

 

355

 

 

 

747

 

 

 

2,682

 

Other (income) expense, net(3)

 

 

(1,096

)

 

 

405

 

 

 

(816

)

 

 

1,256

 

Change in fair value of derivative instruments

 

 

15

 

 

 

6

 

 

 

6

 

 

 

60

 

Provision for income taxes

 

 

27

 

 

 

13

 

 

 

32

 

 

 

25

 

Segment net loss

 

$

(6,893

)

 

$

(7,487

)

 

$

(11,809

)

 

$

(17,648

)

____________

(1)
Stock-based compensation includes general and administrative, sales and marketing, and research and development-related stock-based compensation that was previously consolidated in employee related costs.
(2)
Other includes general and administrative freight, as well as travel & entertainment, property/franchise taxes, merchant fees, and bad debt expense.
(3)
Other (income) expense, net includes $1.2 million in recoveries associated with previously paid import duties for both of the three and six months ended June 30, 2026.