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v3.25.2

Business Segment Information | 6 Months Ended
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Jun. 30, 2025
Business Segment Information |
Business Segment Information | Note 14. Business Segment Information The Company has one business activity and operates as one operating segment: the development and commercialization of ophthalmic therapies designed to treat glaucoma, corneal disorders and retinal diseases. The Company determined its operating segment on the same basis that it uses to evaluate its performance internally. The Company’s revenues disaggregated by revenue and product category are included in Note 8, Revenue from Contracts with Customers. The Company’s chief operating decision-maker, its Chief Executive Officer, reviews its consolidated operating results for the purpose of allocating resources and evaluating financial performance. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
​ |  | 2025 |  | 2024 | ​ | 2025 |  | 2024
​ | ​ | (in thousands) | ​ | (in thousands)
Net sales |  | $ | 124,120 |  | $ | 95,690 | ​ | $ | 230,784 |  | $ | 181,312
Less: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Cost of sales |  | ​ | 26,896 |  | ​ | 22,550 | ​ | ​ | 51,212 |  | ​ | 42,808
Sales, marketing & distribution |  | ​ | 40,025 |  | ​ | 35,210 | ​ | ​ | 74,468 |  | ​ | 71,431
Research & development |  | ​ | 25,802 |  | ​ | 19,805 | ​ | ​ | 48,724 |  | ​ | 38,238
Clinical |  | ​ | 10,736 |  | ​ | 14,621 | ​ | ​ | 20,167 |  | ​ | 26,914
General & administrative |  | ​ | 43,350 |  | ​ | 30,978 | ​ | ​ | 79,580 |  | ​ | 56,732
In-process research and development |  | ​ | - |  | ​ | 2,500 | ​ | ​ | - |  | ​ | 14,229
Significant segment expenses |  | ​ | 146,809 |  | ​ | 125,664 | ​ | ​ | 274,151 |  | ​ | 250,352
Interest income |  | ​ | (2,574) |  | ​ | (2,828) | ​ | ​ | (5,650) |  | ​ | (5,911)
Interest expense |  | ​ | 1,151 |  | ​ | 3,355 | ​ | ​ | 2,314 |  | ​ | 6,805
Charges associated with convertible senior notes | ​ | ​ | - | ​ | ​ | 18,012 | ​ | ​ | - | ​ | ​ | 18,012
Other (income) expense, net |  | ​ | (1,857) |  | ​ | 1,701 | ​ | ​ | (2,802) |  | ​ | 2,729
Income tax provision |  | ​ | 248 |  | ​ | 331 | ​ | ​ | 574 |  | ​ | 708
Net loss | ​ | $ | (19,657) | ​ | $ | (50,545) | ​ | $ | (37,803) | ​ | $ | (91,383)
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Property and equipment, net | ​ | Depreciation and amortization | ​ | Capital expenditures
​ | ​ | June 30, | ​ | December 31, | ​ | Six Months June 30, | ​ | Six Months June 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States |  | $ | 111,634 | ​ | $ | 97,726 |  | $ | 16,771 | ​ | $ | 17,895 | ​ | $ | 3,067 | ​ | $ | 3,105
International | ​ | ​ | 182 | ​ |  | 141 | ​ |  | 25 | ​ | ​ | 16 | ​ | ​ | 50 | ​ | ​ | 12
Total |  | $ | 111,816 | ​ | $ | 97,867 | ​ | $ | 16,796 | ​ | $ | 17,911 | ​ | $ | 3,117 | ​ | $ | 3,117
​

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