Segment reporting

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment reportingSegment reporting is based on the “management approach,” following the method that management organizes the Company’s reportable segments for which separate financial information is made available to, and evaluated regularly by, the chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision makers ("CODM") are its Chief Executive Officer ("CEO") and Chief Financial Officer (“CFO”), who make decisions on allocating resources and in assessing performance. The CEO and CFO review the Company's consolidated results as one operating

segment. In making operating decisions, the CODM primarily considers consolidated financial information, accompanied by disaggregated information about revenues by geography and product. All of the Company’s principal operations and decision-making functions are located in the U.S. The Company’s CODM view its operations, manages its business, and uses one measurement of profitability for the one operating segment - which sells aesthetic medical equipment and services, and distributes skincare products, to qualified medical practitioners. Substantially all of the Company’s long-lived assets are located in the U.S.

The following table presents a summary of revenue by geography for the three and nine months September 30, 2021 and 2020 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenue mix by geography:
United States	$	22,737	$	15,443	$	64,553	$	40,142
Japan	19,335		11,497		53,311		27,176
Asia, excluding Japan	3,790		3,204		9,869		8,279
Europe	3,651		2,769		12,703		6,910
Rest of the World, other than United States, Asia and Europe	7,871		6,219		25,205		15,233
Total consolidated revenue	$	57,384	$	39,132	$	165,641	$	97,740
Revenue mix by product category:
Products	$	32,191	$	24,121	$	96,079	$	60,621
Consumables	3,684		2,304		11,040		6,263
Skincare	14,819		6,829		38,937		14,506
Total product revenue	50,694		33,254		146,056		81,390
Service	6,690		5,878		19,585		16,350
Total consolidated revenue	$	57,384	$	39,132	$	165,641	$	97,740