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Business Segments
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Business Segments

9. 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 geographic region, based on the sales destination, is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2018

 

 

July 1, 2017

 

 

June 30, 2018

 

 

July 1, 2017

 

United States

 

$

5,114

 

 

$

5,882

 

 

$

9,974

 

 

$

11,586

 

Europe

 

 

2,226

 

 

 

1,840

 

 

 

4,660

 

 

 

3,775

 

Rest of Americas

 

 

656

 

 

 

555

 

 

 

1,308

 

 

 

1,164

 

Asia/Pacific Rim

 

 

2,308

 

 

 

1,725

 

 

 

3,871

 

 

 

3,960

 

 

 

$

10,304

 

 

$

10,002

 

 

$

19,813

 

 

$

20,485

 

 

 

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

 

No individual country accounted for more than 10% of the Company’s revenues, other than the United States. United States accounted for 49.6% and 58.8% of revenues for the three month periods ended June 30, 2018 and July 1, 2017, respectively. For the six month period ended June 30, 2018 and July 1, 2017, the United States accounted for 50.3% and 56.6% of sales, respectively. International sales, other than the United States, accounted for 50.4% and 41.2% of revenues for the three month periods ended June 30, 2018 and July 1, 2017, respectively. For the six month period ended June 30, 2018 and July 1, 2017, International sales, other than the United States, accounted for 49.7% and 43.4% of sales, respectively.

 

No customer accounted for more than 10% of total revenues for the three month periods ended June 30, 2018 or July 1, 2017.

 

No customer accounted for more than 10% of accounts receivable balance as of June 30, 2018 or July 1, 2017.