Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
6 Months Ended
Jun. 30, 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 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Vascular

 

$

9

 

 

$

78

 

 

$

13

 

 

$

191

 

Dermatology

 

 

996

 

 

 

822

 

 

 

2,110

 

 

 

2,083

 

Net revenue

 

$

1,005

 

 

$

900

 

 

$

2,123

 

 

$

2,274

 

Vascular

 

$

466

 

 

$

417

 

 

$

865

 

 

$

1,078

 

Dermatology

 

 

1,022

 

 

 

750

 

 

 

1,996

 

 

 

1,673

 

Cost of revenue

 

$

1,488

 

 

$

1,167

 

 

$

2,861

 

 

$

2,751

 

Vascular

 

$

(457

)

 

$

(339

)

 

$

(852

)

 

$

(887

)

Dermatology

 

 

(26

)

 

 

72

 

 

 

114

 

 

 

410

 

Gross loss

 

$

(483

)

 

$

(267

)

 

$

(738

)

 

$

(477

)

 

 

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 $1.5 million and $1.9 million as of June 30, 2021 and December 31, 2020, respectively. The net book value of the lasers in the dermatology segment was $0.4 million and $0.7 million as of June 30, 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 and six months ended June 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

United States

 

$

994

 

 

$

881

 

 

$

2,057

 

 

$

2,067

 

All other countries

 

 

11

 

 

 

19

 

 

 

66

 

 

 

207

 

Net revenue

 

$

1,005

 

 

$

900

 

 

$

2,123

 

 

$

2,274