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Revenue
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue

11. Revenue

Disaggregated Revenue

The following table shows the Company’s net revenue disaggregated into categories the Company considers meaningful:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2024

 

 

 

US

 

 

International

 

 

Total

 

 

US

 

 

International

 

 

Total

 

Net revenue by:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital equipment

 

$

1,974

 

 

$

417

 

 

$

2,391

 

 

$

4,210

 

 

$

1,034

 

 

$

5,244

 

Disposable

 

 

9,920

 

 

 

2,522

 

 

 

12,442

 

 

 

21,141

 

 

 

5,397

 

 

 

26,538

 

Subtotal product revenue

 

 

11,894

 

 

 

2,939

 

 

 

14,833

 

 

 

25,351

 

 

 

6,431

 

 

 

31,782

 

Lease revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital equipment

 

 

61

 

 

 

85

 

 

 

146

 

 

 

189

 

 

 

168

 

 

 

357

 

Other

 

 

419

 

 

 

105

 

 

 

524

 

 

 

806

 

 

 

201

 

 

 

1,007

 

Service and other revenue

 

 

949

 

 

 

432

 

 

 

1,381

 

 

 

2,061

 

 

 

811

 

 

 

2,872

 

Total net revenue

 

$

13,323

 

 

$

3,561

 

 

$

16,884

 

 

$

28,407

 

 

$

7,611

 

 

$

36,018

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2023

 

 

 

US

 

 

International

 

 

Total

 

 

US

 

 

International

 

 

Total

 

Net revenue by:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital equipment

 

$

2,518

 

 

$

602

 

 

$

3,120

 

 

$

5,016

 

 

$

1,412

 

 

$

6,428

 

Disposable

 

 

7,878

 

 

 

3,049

 

 

 

10,927

 

 

 

17,226

 

 

 

6,118

 

 

 

23,344

 

Subtotal product revenue

 

 

10,396

 

 

 

3,651

 

 

 

14,047

 

 

 

22,242

 

 

 

7,530

 

 

 

29,772

 

Lease revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital equipment

 

 

35

 

 

 

81

 

 

 

116

 

 

 

73

 

 

 

173

 

 

 

246

 

Other

 

 

305

 

 

 

105

 

 

 

410

 

 

 

660

 

 

 

213

 

 

 

873

 

Service and other revenue

 

 

1,111

 

 

 

353

 

 

 

1,464

 

 

 

2,131

 

 

 

746

 

 

 

2,877

 

Total net revenue

 

$

11,847

 

 

$

4,190

 

 

$

16,037

 

 

$

25,106

 

 

$

8,662

 

 

$

33,768

 

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:

 

 

Deferred
Revenue

 

 

Other Contract
Liabilities

 

Balance at December 31, 2023

 

$

1,041

 

 

$

196

 

Additions

 

 

725

 

 

 

177

 

Subtractions

 

 

(685

)

 

 

(196

)

Balance at June 30, 2024

 

$

1,081

 

 

$

177