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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

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

 

 

Three Months Ended
March 31,

 

 

 

 

2025

 

 

2024

 

 

Revenue

 

 

 

 

 

 

 

Surgical Glaucoma

 

$

17,114

 

 

$

18,257

 

 

Dry Eye

 

 

394

 

 

 

1,008

 

 

Total revenue

 

 

17,508

 

 

 

19,265

 

 

Cost of goods sold

 

 

 

 

 

 

 

Surgical Glaucoma

 

 

2,298

 

 

 

2,209

 

 

Dry Eye

 

 

116

 

 

 

584

 

 

Total cost of goods sold

 

 

2,414

 

 

 

2,793

 

 

Gross profit

 

 

 

 

 

 

 

Surgical Glaucoma

 

 

14,816

 

 

 

16,048

 

 

Dry Eye

 

 

278

 

 

 

424

 

 

Total gross profit

 

 

15,094

 

 

 

16,472

 

 

Operating expenses

 

 

(28,953

)

 

 

(31,195

)

 

Investment income

 

 

1,148

 

 

 

1,648

 

 

Interest expense

 

 

(1,263

)

 

 

(1,204

)

 

Loss on debt extinguishment

 

 

 

 

 

(1,962

)

 

Other expense, net

 

 

(139

)

 

 

(8

)

 

Loss before income taxes

 

$

(14,113

)

 

$

(16,249

)