XML 44 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Summary of Segment Information

The following tables present the Company’s segment information as of and for the years ended December 31, 2022 and 2021:

 

 

2022

 

 

2021

 

 

 

(in thousands, except percentage data)

 

 

 

Product

 

 

Software

 

 

Total

 

 

Product

 

 

Software

 

 

Total

 

Revenue

 

$

33,280

 

 

$

8,376

 

 

$

41,656

 

 

$

25,811

 

 

$

7,386

 

 

$

33,197

 

Cost of sales

 

 

28,193

 

 

 

2,983

 

 

 

31,176

 

 

 

21,992

 

 

 

2,869

 

 

 

24,861

 

Gross profit

 

 

5,087

 

 

 

5,393

 

 

 

10,480

 

 

 

3,819

 

 

 

4,517

 

 

 

8,336

 

Gross margin

 

 

15

%

 

 

64

%

 

 

25

%

 

 

15

%

 

 

61

%

 

 

25

%

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative

 

 

49,859

 

 

 

2,047

 

 

 

51,906

 

 

 

31,781

 

 

 

2,132

 

 

 

33,913

 

Research and development

 

 

15,002

 

 

 

1,774

 

 

 

16,776

 

 

 

16,959

 

 

 

1,609

 

 

 

18,568

 

Change in fair value of contingent earnout

 

 

—

 

 

 

—

 

 

 

—

 

 

 

261

 

 

 

—

 

 

 

261

 

Total operating expenses

 

 

64,861

 

 

 

3,821

 

 

 

68,682

 

 

 

49,001

 

 

 

3,741

 

 

 

52,742

 

Income (loss) from operations

 

$

(59,774

)

 

$

1,572

 

 

$

(58,202

)

 

$

(45,182

)

 

$

776

 

 

$

(44,406

)

Depreciation

Depreciation:

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Product

 

$

1,032

 

 

$

1,409

 

Software

 

 

20

 

 

 

17

 

Total

 

$

1,052

 

 

$

1,426

 

Segment Assets

Segment Assets:

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Product

 

$

125,713

 

 

$

104,588

 

Software

 

 

11,572

 

 

 

10,911

 

Total

 

$

137,285

 

 

$

115,499