Business Segments and Geographical Information

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Business Segments and Geographical Information

15. Business Segments and Geographical Information

The Company's chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. For the purpose of internal reporting and management’s operation review, the Company's chief executive officer and management personnel do not segregate the Group’s business by revenue stream or geography. Management has determined that the Company has one operating segment, ophthalmology. The measure of segment assets is reported on the Consolidated Balance Sheets as total consolidated assets. The revenue, costs and expenses, and the net income for the reportable segment are the same as those presented on the Consolidated Statements of Operations. Substantially all of our long-term assets are located in the U.S. We develop, manufacture and market medical devices. Our revenues arise from the sale of consoles, delivery devices, consumables, service and support activities.

Revenue information shown by product is as follows (in thousands):

	Year Ended
	December 28, 2024		December 30, 2023
Cyclo G6	$	12,697	$	13,461
Retina		27,827		29,445
Other(1)		8,145		8,963
Total revenues	$	48,669	$	51,869

(1) Includes service contract revenues of $1,399 thousand and $1,534 thousand recognized during fiscal years 2024 and 2023, respectively. Includes $1,455 thousand and $1,455 thousand recognized revenue related to the exclusive distribution rights during fiscal years 2024 and 2023. Other also includes revenues from paid service, royalty, freight and legacy G probes.

Revenue information shown by geographic region is as follows (in thousands):

	Year Ended
	December 28, 2024		December 30, 2023
United States	$	22,690	$	26,054
Europe, Middle East and Africa		11,824		13,519
Asia/Pacific Rim		11,950		10,234
Americas, excluding the U.S.		2,205		2,062
	$	48,669	$	51,869

Revenues are attributed to countries based on location of end customers.

Other than the United States, The Netherlands accounted for more than 10% of the Company’s revenues during fiscal year 2024, representing 14.8%. The United States accounted for 46.6% of revenues in 2024. Other than the United States, The Netherlands accounted for more than 10% of the Company’s revenues during fiscal year 2023, representing 14.0%. The United States accounted for 50.2% of revenues in 2023.