| Schedule of Segment Reporting Provided to the CODM |
Segment reporting for the three and nine months ended September 30, 2026 and 2025 (in thousands) is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Total revenue |
|
$ |
37,710 |
|
|
$ |
32,501 |
|
|
$ |
94,049 |
|
|
$ |
56,191 |
|
Less segment operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods sold |
|
|
10,098 |
|
|
|
8,191 |
|
|
|
29,230 |
|
|
|
14,269 |
|
Clinical |
|
|
1,991 |
|
|
|
1,457 |
|
|
|
5,725 |
|
|
|
3,911 |
|
Development |
|
|
14,306 |
|
|
|
690 |
|
|
|
17,918 |
|
|
|
3,942 |
|
Medical affairs |
|
|
811 |
|
|
|
1,086 |
|
|
|
3,363 |
|
|
|
3,104 |
|
Sales and marketing |
|
|
27,649 |
|
|
|
63,211 |
|
|
|
140,072 |
|
|
|
135,259 |
|
General and administrative |
|
|
8,861 |
|
|
|
5,002 |
|
|
|
25,369 |
|
|
|
16,473 |
|
Stock-based compensation |
|
|
8,122 |
|
|
|
5,689 |
|
|
|
27,940 |
|
|
|
16,358 |
|
Other segment operating expenses |
|
|
43 |
|
|
|
367 |
|
|
|
213 |
|
|
|
858 |
|
Other segment (income) expense: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
|
(1,136 |
) |
|
|
(2,097 |
) |
|
|
(4,709 |
) |
|
|
(8,065 |
) |
Interest expense |
|
|
2,552 |
|
|
|
56 |
|
|
|
7,472 |
|
|
|
56 |
|
Segment net loss |
|
$ |
(35,587 |
) |
|
$ |
(51,151 |
) |
|
$ |
(158,544 |
) |
|
$ |
(129,974 |
) |
|
| 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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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
United States |
|
$ |
33,414 |
|
|
$ |
31,300 |
|
|
$ |
77,076 |
|
|
$ |
51,863 |
|
Denmark |
|
* |
|
|
* |
|
|
|
7,786 |
|
|
|
4,079 |
|
Japan |
|
* |
|
|
* |
|
|
|
5,995 |
|
|
* |
|
Rest of world |
|
|
4,296 |
|
|
|
1,201 |
|
|
|
3,192 |
|
|
|
249 |
|
Total revenue |
|
$ |
37,710 |
|
|
$ |
32,501 |
|
|
$ |
94,049 |
|
|
$ |
56,191 |
|
_____________ * Revenue from this country was not individually material for the indicated period and is included within “Rest of world.”
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