Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.1
Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information

Note 14—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,

 

 

 

2021

 

 

2020

 

Vascular

 

$

4

 

 

$

113

 

Dermatology

 

 

1,114

 

 

 

1,261

 

Net revenue

 

$

1,118

 

 

$

1,374

 

Vascular

 

$

399

 

 

$

661

 

Dermatology

 

 

974

 

 

 

923

 

Cost of revenue

 

$

1,373

 

 

$

1,584

 

Vascular

 

$

(395

)

 

$

(548

)

Dermatology

 

 

140

 

 

 

338

 

Gross loss

 

$

(255

)

 

$

(210

)

 

 

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 $1.7 million and $1.9 million as of March 31, 2021 and December 31, 2020, respectively. The net book value of the lasers in the dermatology segment was $0.5 million and $0.7 million as of March 31, 2021 and December 31, 2020, respectively.

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, 2021 and 2020. Net revenue, classified by the major geographic areas in which our customers are located, was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

United States

 

$

1,063

 

 

$

1,186

 

All other countries

 

 

55

 

 

 

188

 

Net revenue

 

$

1,118

 

 

$

1,374