Revenue |
11. Revenue Disaggregated Revenue The following table shows the Company’s net revenue disaggregated into categories the Company considers meaningful:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2024 |
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US |
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International |
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Total |
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US |
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International |
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Total |
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Net revenue by: |
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Product revenue |
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Capital equipment |
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$ |
1,974 |
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$ |
417 |
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$ |
2,391 |
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$ |
4,210 |
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$ |
1,034 |
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$ |
5,244 |
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Disposable |
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9,920 |
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2,522 |
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12,442 |
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21,141 |
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5,397 |
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26,538 |
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Subtotal product revenue |
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11,894 |
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2,939 |
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14,833 |
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25,351 |
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6,431 |
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31,782 |
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Lease revenue |
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Capital equipment |
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61 |
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85 |
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146 |
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189 |
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168 |
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357 |
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Other |
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419 |
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105 |
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524 |
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806 |
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201 |
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1,007 |
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Service and other revenue |
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949 |
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432 |
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1,381 |
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2,061 |
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811 |
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2,872 |
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Total net revenue |
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$ |
13,323 |
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$ |
3,561 |
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$ |
16,884 |
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$ |
28,407 |
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$ |
7,611 |
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$ |
36,018 |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2023 |
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US |
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International |
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Total |
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US |
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International |
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Total |
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Net revenue by: |
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Product revenue |
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Capital equipment |
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$ |
2,518 |
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$ |
602 |
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$ |
3,120 |
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$ |
5,016 |
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$ |
1,412 |
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$ |
6,428 |
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Disposable |
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7,878 |
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3,049 |
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10,927 |
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17,226 |
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6,118 |
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23,344 |
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Subtotal product revenue |
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10,396 |
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3,651 |
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14,047 |
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22,242 |
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7,530 |
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29,772 |
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Lease revenue |
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Capital equipment |
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35 |
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81 |
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116 |
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73 |
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173 |
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246 |
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Other |
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305 |
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105 |
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410 |
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660 |
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213 |
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873 |
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Service and other revenue |
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1,111 |
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353 |
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1,464 |
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2,131 |
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746 |
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2,877 |
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Total net revenue |
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$ |
11,847 |
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$ |
4,190 |
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$ |
16,037 |
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$ |
25,106 |
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$ |
8,662 |
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$ |
33,768 |
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United States and International net revenue is based on the customer location to which the product is shipped. No individual foreign country represents more than 10% of the Company’s aggregated revenue during the six months ended June 30, 2024 or 2023. Contract Balances from Contracts with Customers Contract liabilities consist of deferred revenue and other contract liabilities associated with rebates and fees payable to GPOs, IDNs and distributor partners. Deferred revenues are included in contract liabilities in the accompanying condensed consolidated balance sheets. The following table presents changes in contract liabilities during the six months ended June 30, 2024:
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Deferred Revenue |
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Other Contract Liabilities |
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Balance at December 31, 2023 |
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$ |
1,041 |
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$ |
196 |
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Additions |
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725 |
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177 |
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Subtractions |
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(685 |
) |
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(196 |
) |
Balance at June 30, 2024 |
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$ |
1,081 |
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$ |
177 |
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