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Segment Information | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Segment Information | Note 10. Segment Information The Company has two reportable operating segments which are determined on the basis of the product portfolio: Surgical Glaucoma and Dry Eye. The operating and reportable segments were determined based on how the Company’s Chief Executive Officer, its Chief Operating Decision Maker (“CODM”), views and evaluates the Company’s operations. The CODM allocates resources to and evaluates the financial performance of each operating segment primarily based on gross profit and gross profit margin. The Surgical Glaucoma segment includes sales of the Company’s OMNI Surgical System and SION Surgical Instrument for use in minimally invasive glaucoma procedures. The Dry Eye segment includes sales of the Company’s TearCare System and related components. The following table summarizes select operating results information for each reportable segment (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
Surgical Glaucoma |  | $ | 18,632 |  |  | $ | 18,425 |  |  | $ | 57,132 |  |  | $ | 57,158 |
Dry Eye |  |  | 1,525 |  |  |  | 1,584 |  |  |  | 3,660 |  |  |  | 5,147 |
Total |  |  | 20,157 |  |  |  | 20,009 |  |  |  | 60,792 |  |  |  | 62,305 |
Cost of goods sold |  |  |  |  |  |  |  |  |  |  |  |
Surgical Glaucoma |  |  | 2,453 |  |  |  | 2,002 |  |  |  | 7,084 |  |  |  | 6,808 |
Dry Eye |  |  | 797 |  |  |  | 675 |  |  |  | 1,984 |  |  |  | 2,297 |
Total |  |  | 3,250 |  |  |  | 2,677 |  |  |  | 9,068 |  |  |  | 9,105 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |
Surgical Glaucoma |  |  | 16,179 |  |  |  | 16,423 |  |  |  | 50,048 |  |  |  | 50,350 |
Dry Eye |  |  | 728 |  |  |  | 909 |  |  |  | 1,676 |  |  |  | 2,850 |
Total |  |  | 16,907 |  |  |  | 17,332 |  |  |  | 51,724 |  |  |  | 53,200 |
Operating expenses |  |  | 28,136 |  |  |  | 30,743 |  |  |  | 90,327 |  |  |  | 99,364 |
Loss from operations |  |  | (11,229 | ) |  |  | (13,411 | ) |  |  | (38,603 | ) |  |  | (46,164 | )
Investment income |  |  | 1,454 |  |  |  | 1,897 |  |  |  | 4,628 |  |  |  | 5,499 |
Interest expense |  |  | (1,151 | ) |  |  | (1,432 | ) |  |  | (3,501 | ) |  |  | (4,057 | )
Loss on debt extinguishment |  |  | — |  |  |  | — |  |  |  | (1,962 | ) |  |  | — |
Other income (expense), net |  |  | 26 |  |  |  | (11 | ) |  |  | (25 | ) |  |  | (34 | )
Loss before income taxes |  | $ | (10,900 | ) |  | $ | (12,957 | ) |  | $ | (39,463 | ) |  | $ | (44,756 | )
The Company does not allocate any income and expenses beyond revenue and cost of goods sold to the reportable operating segments in its reporting to the CODM. No asset information is provided for reportable operating segments because they are not reviewed by the CODM on a segment basis. Substantially all of the Company’s revenue is generated from sales in the United States.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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