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Segment Reporting
3 Months Ended
Mar. 31, 2025
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 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:
Three Months Ended
March 31,
20252024
Net revenues$68,522 $59,333 
Less:
Product cost of goods sold21,129 18,067 
Amortization of distribution right738 763 
Selling, general and administrative50,891 40,260 
Research and development2,033 1,862 
Revaluation of contingent royalty obligation2,151 1,578 
Stock-based compensation5,928 5,079 
Depreciation and amortization824 646 
Interest income(710)(517)
Interest expense4,415 4,702 
Other expense, net(57)(45)
Income tax provision72 47 
Net loss$(18,892)$(13,109)
Assets provided to the CODM are consistent with those reported on the accompanying condensed consolidated 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.