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Note 17 - Segment Information
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

17.

Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker (“CODM”) in deciding how to allocate resources and assess performance. The Company operates in one business segment. The Company’s CODM is its President and Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM’s financial review is focused on the consolidated financial results of the Company which is used as the basis for financial performance assessment and allocation of resources.

 

The following table presents financial information with respect to the Company’s single operating segment for the three and nine months ended September 30, 2025 and 2024 (in thousands):

 

   

For the Three Months Ended
September 30,

   

For the Nine Months Ended
September 30,

 
   

2025

    

2024

    

2025

    

2024

  

Revenue

   $ 27,817     $ 29,559     $ 82,204     $ 89,305  

Cost of product revenue

     12,233       10,151       37,576       30,433  

Gross Profit

     15,584       19,408       44,628       58,872  
                                 

Operating expenses:

                                

Research & development

     6,946       5,946       19,318       19,037  

Selling, general & administrative

     11,871       13,543       37,007       44,231  

Total operating expenses

     18,817       19,489       56,325       63,268  

Loss from operations

     (3,233 )     (81 )     (11,697 )     (4,396 )

Interest and other income, net

     997       406       1,626       1,593  

(Loss) income before income taxes

     (2,236 )     325       (10,071 )     (2,803 )

Provision for income taxes

     939       2,170       1,709       3,539  

Loss from continuing operations

     (3,175 )     (1,845 )     (11,780 )     (6,342 )

Income (loss) from discontinued operations, net of tax

     846       (28,073 )     608       (28,178 )

Net loss

   $ (2,329 )   $ (29,918 )   $ (11,172 )   $ (34,520 )