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Note 10 - Revenue and Geographic Information

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

10. Revenue and Geographic Information

Revenue by product family is as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2024				2023				2024				2023
OA Pain Management		$	26,658			$	29,334			$	50,976			$	51,967
Joint Preservation and Restoration			13,554				12,660				27,395				26,113
Non-Orthopedic			1,709				2,308				4,073				4,146
		$	41,921			$	44,302			$	82,444			$	82,226

Revenue from the Company’s sole significant US customer, DePuy Synthes Mitek Sports Medicine, part of the Johnson & Johnson Medical Companies, as a percentage of the Company’s total revenue was 41% and 48% for the three-months ended June 30, 2024 and 2023, respectively, and 42% and 46% for the six-months ended June 30, 2024 and 2023, respectively.

Total revenue by geographic location based on the location of the customer in total and as a percentage of total revenue were as follows:

		Three Months Ended June 30,
		2024								2023
						Percentage of								Percentage of
		Revenue				Revenue				Revenue				Revenue
Geographic Location:
United States		$	28,988				69	%		$	32,867				74	%
Europe			6,607				16	%			5,675				13	%
Other			6,326				15	%			5,760				13	%
Total		$	41,921				100	%		$	44,302				100	%

		Six Months Ended June 30,
		2024								2023
						Percentage of								Percentage of
		Revenue				Revenue				Revenue				Revenue
Geographic Location:
United States		$	58,224				71	%		$	60,155				73	%
Europe			12,576				15	%			11,337				14	%
Other			11,644				14	%			10,734				13	%
Total		$	82,444				100	%		$	82,226				100	%

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- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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