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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The following table summarizes select operating results information for each reportable segment (dollars in thousands):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

Revenue

 

 

 

 

 

 

Surgical Glaucoma

 

$

74,310

 

 

$

65,594

 

Dry Eye

 

 

6,746

 

 

 

5,737

 

Total

 

 

81,056

 

 

 

71,331

 

Cost of goods sold

 

 

 

 

 

 

Surgical Glaucoma

 

 

8,830

 

 

 

8,295

 

Dry Eye

 

 

3,051

 

 

 

4,066

 

Total

 

 

11,881

 

 

 

12,361

 

Gross profit

 

 

 

 

 

 

Surgical Glaucoma

 

 

65,480

 

 

 

57,299

 

Dry Eye

 

 

3,695

 

 

 

1,671

 

Total

 

 

69,175

 

 

 

58,970

 

Operating expense

 

 

126,449

 

 

 

142,924

 

Loss from operations

 

 

(57,274

)

 

 

(83,954

)

Interest expense

 

 

(5,408

)

 

 

(4,466

)

Other expense, net

 

 

7,245

 

 

 

2,225

 

Loss before income tax

 

$

(55,437

)

 

$

(86,195

)