Quarterly report pursuant to Section 13 or 15(d)

Segment Disclosures

v3.22.2
Segment Disclosures
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Disclosures Segment Disclosures
 
The Company has two reportable segments: EksoHealth and EksoWorks. The EksoHealth segment designs, engineers, manufactures, and markets exoskeletons for applications in the medical markets. The EksoWorks segment designs, engineers, manufactures, and markets exoskeleton devices to allow able-bodied users to perform difficult repetitive work for extended periods. The reportable segments are each managed separately because they serve distinct markets.

The Company evaluates performance and allocates resources based on segment gross profit margin. The Company does not consider net assets as a segment measure and, accordingly, assets are not allocated.
 
Segment reporting information is as follows:
  EksoHealth EksoWorks Total
Three months ended June 30, 2022      
Revenue $ 3,228  $ 237  $ 3,465 
Cost of revenue 1,631  193  1,824 
Gross profit $ 1,597  $ 44  $ 1,641 
Three months ended June 30, 2021      
Revenue $ 1,862  $ 349  $ 2,211 
Cost of revenue 740  179  919 
Gross profit $ 1,122  $ 170  $ 1,292 

  EksoHealth EksoWorks Total
Six months ended June 30, 2022  
Revenue $ 5,109  $ 923  $ 6,032 
Cost of revenue 2,646  536  3,182 
Gross profit $ 2,463  $ 387  $ 2,850 
Six months ended June 30, 2021  
Revenue $ 3,589  $ 532  $ 4,121 
Cost of revenue 1,282  312  1,594 
Gross profit $ 2,307  $ 220  $ 2,527 
The Company operates in the following regions: (1) Americas, (2) Europe, the Middle East, and Africa (EMEA), and (3) Asia Pacific (APAC). Individual countries with revenue greater than 10% of total revenue for the three and six months ended June 30, 2022 and the three and six months ended June 30, 2021 are disclosed separately from the regional totals. Geographic information for revenue based on location of customers is as follows:

  Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
Americas
   United States $ 2,070 $ 1,154 $ 3,413  $ 2,135 
   Other 121  44  176  82 
Americas 2,191  1,198  3,589  2,217 
EMEA
   Germany 126  95  250  532 
   Belgium —  296  —  305 
   Poland 393  18  568  32 
   Other 267  463  533  626 
EMEA 786  872  1,351  1,495 
APAC
   Hong Kong 442  —  485  — 
   Other 46  141  607  409 
APAC 488  141  1,092  409 
 Total Revenue $ 3,465  $ 2,211  $ 6,032  $ 4,121