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Segment Information (Tables)
6 Months Ended
Jun. 30, 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
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Surgical Glaucoma

 

$

19,231

 

 

$

20,244

 

 

$

36,345

 

 

$

38,501

 

Dry Eye

 

 

333

 

 

 

1,126

 

 

 

727

 

 

 

2,134

 

Total revenue

 

 

19,564

 

 

 

21,370

 

 

 

37,072

 

 

 

40,635

 

Cost of goods sold

 

 

 

 

 

 

 

 

 

 

 

 

Surgical Glaucoma

 

 

2,772

 

 

 

2,423

 

 

 

5,070

 

 

 

4,632

 

Dry Eye

 

 

205

 

 

 

602

 

 

 

321

 

 

 

1,187

 

Total cost of goods sold

 

 

2,977

 

 

 

3,025

 

 

 

5,391

 

 

 

5,819

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

Surgical Glaucoma

 

 

16,459

 

 

 

17,821

 

 

 

31,275

 

 

 

33,869

 

Dry Eye

 

 

128

 

 

 

524

 

 

 

406

 

 

 

947

 

Total gross profit

 

 

16,587

 

 

 

18,345

 

 

 

31,681

 

 

 

34,816

 

Operating expenses

 

 

(28,254

)

 

 

(30,996

)

 

 

(57,207

)

 

 

(62,191

)

Investment income

 

 

1,026

 

 

 

1,526

 

 

 

2,174

 

 

 

3,174

 

Interest expense

 

 

(1,284

)

 

 

(1,145

)

 

 

(2,547

)

 

 

(2,350

)

Loss on debt extinguishment

 

 

 

 

 

 

 

 

 

 

 

(1,962

)

Other income (expense), net

 

 

24

 

 

 

(44

)

 

 

(115

)

 

 

(50

)

Loss before income taxes

 

$

(11,901

)

 

$

(12,314

)

 

$

(26,014

)

 

$

(28,563

)