XML 38 R21.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Reporting
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company conducts business as a single operating segment, which is the business of performance beauty focused on delivering products in the cash-pay aesthetic market. The Company’s chief executive officer, who is the chief operating decision maker (“CODM”), reviews financial information on a consolidated basis for allocating and evaluating financial performance. The single operating segment is further based upon the Company’s organizational and management structure and other factors.

The key measure of segment profit and loss that the CODM uses to allocate resources and assess performance is the Company’s net loss, which is utilized to evaluate the achievement of the Company’s business operations. The table below
shows the Company’s reconciliation of revenue and significant segment items to net loss, regularly provided to and reviewed by the CODM, as computed under U.S. GAAP:

Year Ended December 31,
202420232022
Net revenues$266,274 $202,085 $148,616 
Less:
Product cost of goods sold81,015 61,559 55,887 
Amortization of distribution right2,955 2,955 2,955 
Selling, general and administrative176,853 149,380 131,275 
Research and development8,156 5,662 4,474 
In process research and development— 8,869 2,000 
Revaluation of contingent royalty obligation7,176 4,257 5,755 
Stock-based compensation22,188 16,458 10,833 
Depreciation and amortization2,342 2,178 767 
Interest income(3,263)(860)(119)
Interest expense18,735 13,832 9,097 
Other expense, net(127)(696)
Income tax provision664 176 95 
Net loss(50,420)(61,685)(74,412)

Assets provided to the CODM are consistent with those reported on the Balance Sheets with particular emphasis on the Company’s available liquidity, including its cash and cash equivalents, and financial instruments owned, reduced by current liabilities. All long-lived assets are maintained in the United States of America.

The product and service revenue attributed to foreign countries from which the Company derives product and service revenue is as follows:

Year Ended December 31,
202420232022
Revenue by country, net
United States$253,159 $195,424 $146,150 
International13,115 6,661 2,466 
Total revenue by country, net266,274 202,085 148,616