Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.1
Segment Information
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information

Note 12—Segment Information

The Company has organized its business into two operating segments based on the product specialties: the vascular segment and the dermatology segment.

In deciding how to allocate resources and assess performance, the Company’s chief operating decision maker regularly evaluates the sales and gross profit of these segments. Amounts included within selling, general and administrative expense and research and development expense are general to the Company and not specific to a particular segment; therefore, these amounts are not evaluated by the Company’s chief operating decision maker on a segmented basis.

The following tables summarize segment performance (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Vascular

 

$

113

 

 

$

461

 

Dermatology

 

 

1,261

 

 

 

1,287

 

Net revenue

 

$

1,374

 

 

$

1,748

 

Vascular

 

$

661

 

 

$

1,167

 

Dermatology

 

 

923

 

 

 

775

 

Cost of revenue

 

$

1,584

 

 

$

1,942

 

Vascular

 

$

(548

)

 

$

(706

)

Dermatology

 

 

338

 

 

 

512

 

Gross loss

 

$

(210

)

 

$

(194

)

 

 

Generally, all assets are common assets, except for lasers placed with customers, which are a subset of property and equipment. The net book value of the lasers in the vascular segment was $2.4 million and $2.6 million as of March 31, 2020 and December 31, 2019, respectively. The net book value of the lasers in the dermatology segment was $0.9 million as of March 31, 2020 and December 31, 2019.

No sales to an individual customer or country other than the United States accounted for more than 10% of revenue for the three months ended March 31, 2020 and 2019. Net revenue, classified by the major geographic areas in which our customers are located, was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

United States

 

$

1,186

 

 

$

1,652

 

All other countries

 

 

188

 

 

 

96

 

Net revenue

 

$

1,374

 

 

$

1,748