Segment reporting

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment reporting

Segment 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 and product category for the three months March 31, 2022 and 2021 (in thousands):

	Three Months Ended March 31,
	2022		2021
Revenue mix by geography:
United States	$	24,474	$	18,948
Japan	17,503		16,555
Asia, excluding Japan	3,609		1,989
Europe	4,191		5,001
Rest of the World, other than United States, Asia and Europe	8,237		7,175
Total consolidated revenue	$	58,014	$	49,668
Revenue mix by product category:
Products	$	36,514	$	28,320
Consumables	3,903		2,925
Skincare	11,649		12,306
Total product revenue	52,066		43,551
Service	5,948		6,117
Total consolidated revenue	$	58,014	$	49,668