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Business Segments
6 Months Ended
Jun. 29, 2019
Segment Reporting [Abstract]  
Business Segments

10. 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:

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

(in thousands)

 

June 29, 2019

 

 

June 30, 2018

 

 

 

June 29, 2019

 

 

June 30, 2018

 

G6

 

$

3,351

 

 

$

3,014

 

 

 

$

6,457

 

 

$

5,855

 

Retina

 

 

5,248

 

 

 

5,577

 

 

 

 

10,847

 

 

 

10,488

 

Other(1)

 

 

1,827

 

 

 

1,713

 

 

 

 

3,717

 

 

 

3,470

 

Total revenues

 

$

10,426

 

 

$

10,304

 

 

 

$

21,021

 

 

$

19,813

 

(1) Incudes service contract revenues of $296 and $293 and $604 and $597 recognized during the three and six months ended June 29, 2019 and June 30, 2018, 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:

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

(in thousands)

 

June 29, 2019

 

 

June 30, 2018

 

 

 

June 29, 2019

 

 

June 30, 2018

 

United States

 

$

5,327

 

 

$

5,114

 

 

 

$

10,529

 

 

$

9,974

 

Europe

 

 

2,587

 

 

 

2,226

 

 

 

 

5,064

 

 

 

4,660

 

Rest of Americas

 

 

754

 

 

 

656

 

 

 

 

1,372

 

 

 

1,308

 

Asia/Pacific Rim

 

 

1,758

 

 

 

2,308

 

 

 

 

4,056

 

 

 

3,871

 

Total revenues

 

$

10,426

 

 

$

10,304

 

 

 

$

21,021

 

 

$

19,813

 

 

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

Other than the United States, no individual country accounted for more than 10% of the Company’s revenues during the three and six months ended June 29, 2019 and June 30, 2018. The United States accounted for 51.1% and 49.6% of revenues for the three months ended June 29, 2019 and June 30, 2018, respectively. International sales accounted for 48.9% and 50.4% of revenues for the three months ended June 29, 2019 and June 30, 2018, respectively. For the six months ended June 29, 2019 and June 30, 2018, the United States accounted for 50.1% and 50.3% of revenues, respectively. For the six months ended June 29, 2019 and June 30, 2018, international sales accounted for 49.9% and 49.7% of revenues, respectively.