Quarterly report pursuant to Section 13 or 15(d)

Segment Disclosures

v3.22.2.2
Segment Disclosures
 9 Months Ended
Sep. 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 September 30, 2022      
Revenue $ 3,224  $ 105  $ 3,329 
Cost of revenue 1,524  119  1,643 
Gross profit $ 1,700  $ (14) $ 1,686 
Three months ended September 30, 2021      
Revenue $ 2,716  $ 333  $ 3,049 
Cost of revenue 1,044  198  1,242 
Gross profit $ 1,672  $ 135  $ 1,807 

  EksoHealth EksoWorks Total
Nine months ended September 30, 2022
  
Revenue $ 8,333  $ 1,028  $ 9,361 
Cost of revenue 4,170  655  4,825 
Gross profit $ 4,163  $ 373  $ 4,536 
Nine months ended September 30, 2021
  
Revenue $ 6,306  $ 864  $ 7,170 
Cost of revenue 2,326  510  2,836 
Gross profit $ 3,980  $ 354  $ 4,334 
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 nine months ended September 30, 2022 and 2021 are disclosed separately from the regional totals. Geographic information for revenue based on location of customers is as follows:

  Three Months Ended September 30, Nine Months Ended September 30,
  2022 2021 2022 2021
Americas
   United States $ 1,475 $ 1,777 $ 4,889  $ 3,914 
   Other 73  25  249  105 
Americas 1,548  1,802  5,138  4,019 
EMEA
   Germany 237  313  487  845 
Romania 449  121  449  121 
   Other 372  394  1,472  1,356 
EMEA 1,058  828  2,408  2,322 
APAC
Indonesia 668  —  668  — 
   Other 55  419  1,147  829 
APAC 723  419  1,815  829 
 Total Revenue $ 3,329  $ 3,049  $ 9,361  $ 7,170