v3.26.1
Business Segments
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Business Segments

13. Business Segments

The Company operates in one segment: ophthalmology. The Company develops, manufactures and markets medical devices. The Company’s revenues arise from the sale of consoles, delivery devices, consumables, service, and support activities.

Revenue information shown by product group is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

Cyclo G6

 

$

3,920

 

 

$

3,294

 

 

$

7,563

 

 

$

6,475

 

Retina

 

 

6,485

 

 

 

8,047

 

 

 

12,312

 

 

 

14,692

 

Other(1)

 

 

2,161

 

 

 

2,230

 

 

 

4,490

 

 

 

4,300

 

Total revenues

 

$

12,566

 

 

$

13,571

 

 

$

24,365

 

 

$

25,467

 

(1) Includes service contract revenues of $305 thousand and $277 thousand and $654 thousand and $611 thousand recognized during the three and six months ended July 4, 2026 and June 28, 2025, respectively. Includes $0.3 million and $0.7 million recognized revenue related to the exclusive distribution rights during both of the three and six months ended July 4, 2026 and June 28, 2025, respectively. Other also includes revenues from paid service, royalty, freight and legacy G probes.

 

Revenue information shown by geographic region, based on the sales destination, is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

United States

 

$

5,129

 

 

$

5,760

 

 

$

10,998

 

 

$

11,043

 

Europe, Middle East and Africa

 

 

3,453

 

 

 

3,653

 

 

 

6,794

 

 

 

6,514

 

Asia/Pacific Rim

 

 

3,409

 

 

 

3,675

 

 

 

5,448

 

 

 

7,035

 

Americas, excluding the U.S.

 

 

575

 

 

 

483

 

 

 

1,125

 

 

 

875

 

 

 

$

12,566

 

 

$

13,571

 

 

$

24,365

 

 

$

25,467

 

 

Revenues are attributed to countries based on the location of end customers.

The United States accounted for 40.8% and 42.4% of revenues for the three months ended July 4, 2026 and June 28, 2025, respectively, and 45.1% and 43.4% for the six months ended July 4, 2026 and June 28, 2025, respectively. Other than the United States, China, Japan, and the Netherlands accounted for at least 10% of the Company’s revenues during the three months ended July 4, 2026 and June 28, 2025, representing less than 10%, 14%, 15%, and 15%, representing less than 10%, 12%, respectively. Other than

the United States, China and the Netherlands accounted for at least 10% of the Company’s revenues during the six months ended July 4, 2026 and June 28, 2025, representing less than 10% and 15%, and 12% and 12%, respectively.