SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Reconciliation of Financial Measures of Company's Segments

The following is a reconciliation of financial measures of the Company’s segments to the condensed consolidated totals:


	Six months ended June 30, 2024						Six months ended June 30, 2023
(In thousands of U.S. dollars)	Obagi Medical		Milk Makeup		Total		Obagi Medical		Milk Makeup		Total
Net revenue	$	68,364	$	63,218	$	131,582	$	57,014	$	52,324	$	109,338
Cost of goods sold	18,794		18,610		37,404		21,674		19,484		41,158
Gross profit	$	49,570	$	44,608	$	94,178	$	35,340	$	32,840	$	68,180

Schedule of Reconciliation of Segment Gross Profit to Net Loss Before Income Taxes

The following table reconciles segment gross profit to net loss before income taxes for the six months ended June 30, 2024 and six months ended June 30, 2023:


(In thousands of U.S. dollars)	Six months ended June 30, 2024		Six months ended June 30, 2023
Gross profit	$	94,178	$	68,180
Selling, general and administrative	119,879		100,687
Research and development	1,805		2,720
Interest expense, net	8,711		8,850
Change in fair value of derivative warrant liabilities	(20,673)		(1,122)
Other income, net	(285)		(1,666)
Loss before income taxes	$	(15,259)	$	(41,289)
Income tax (benefit) expense	(2,353)		(4,509)
Net loss	$	(12,906)	$	(36,780)