Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.20.4
Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information

Note 16—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):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Vascular

 

$

259

 

 

$

1,275

 

Dermatology

 

 

4,146

 

 

 

5,924

 

Net revenue

 

$

4,405

 

 

$

7,199

 

Vascular

 

$

1,970

 

 

$

4,036

 

Dermatology

 

 

3,512

 

 

 

4,814

 

Cost of revenue

 

$

5,482

 

 

$

8,850

 

Vascular

 

$

(1,711

)

 

$

(2,761

)

Dermatology

 

 

634

 

 

 

1,110

 

Gross (loss) profit

 

$

(1,077

)

 

$

(1,651

)

 

Generally, all assets are common assets, except for lasers, which are a subset of property and equipment. The net book value of the lasers aggregated in the vascular segment was $1.9 million and $2.6 million as of December 31, 2020 and 2019, respectively. The net book value of the lasers placed with customers aggregated in the dermatology segment was $0.7 million and $0.9 million as of December 31, 2020 and 2019, respectively.

Net revenue, classified by the major geographic areas in which our customers are located, was as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

United States

 

$

4,181

 

 

$

6,568

 

All other countries

 

 

224

 

 

 

631

 

Net revenue

 

$

4,405

 

 

$

7,199