Business Segments

6 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Business Segments

13. Business Segments

The Company operates in one segment: ophthalmology. The Company develops, manufactures and markets medical devices. Our revenues arise from the sale of consoles, delivery devices, consumables, service, and support activities.

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

	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Cyclo G6	$	3,294	$	3,336	$	6,475	$	6,289
Retina		8,047		7,295		14,692		14,069
Other(1)		2,230		2,000		4,300		4,034
Total revenues	$	13,571	$	12,631	$	25,467	$	24,392

(1) Includes service contract revenues of $0.3 million and $0.1 million, and $0.6 million and $0.4 million recognized during the three and six months ended June 28, 2025 and June 29, 2024, respectively. Includes $0.3 million and $0.7 million recognized revenue related to the exclusive distribution rights during both of the three and six months ended June 28, 2025 and June 29, 2024, respectively. Other also includes revenues from paid service, royalty, freight and legacy G probes.

Revenue information shown by geographic region, based on the sales destination, is as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
United States	$	5,760	$	5,598	$	11,043	$	10,919
Europe, Middle East and Africa		3,653		2,667		6,514		6,365
Asia/Pacific Rim		3,675		3,597		7,035		6,042
Americas, excluding the U.S.		483		769		875		1,066
	$	13,571	$	12,631	$	25,467	$	24,392

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

Other than the United States, China and the Netherlands accounted for at least 10% of the Company’s revenues during the three months ended June 28, 2025, representing 15% and 12%, respectively, and each representing 12% for the six months ended June 28, 2025. Other than the United States, the Netherlands accounted for at least 10% of the Company’s revenues during the three and six months ended June 29, 2024, representing 12% and 14.5%, respectively. The United States accounted for 42.4% and 44.3% of revenues for the three months ended June 28, 2025 and June 29, 2024, respectively, and 43.4% and 44.8% for the six months ended June 28, 2025 and June 29, 2024, respectively.