Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Segment Disclosures

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Note 16 - Segment Disclosures
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

16.         Segment Disclosures

 

The Company has two reportable segments: EksoHealth and EksoWorks. The EksoHealth segment designs, manufactures, and markets exoskeletons for applications in the medical markets. The EksoWorks segment designs, 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 operating expenses or net assets as segment measures and, accordingly, are not allocated.

 

Segment reporting information is as follows:

 

   

EksoHealth

   

EksoWorks

   

Total

 

Three months ended March 31, 2024

                       

Revenue

  $ 3,559     $ 197     $ 3,756  

Cost of revenue

    1,655       150       1,805  

Gross profit

  $ 1,904     $ 47     $ 1,951  
                         

Three months ended March 31, 2023

                       

Revenue

  $ 3,997     $ 125     $ 4,122  

Cost of revenue

    1,951       171       2,122  

Gross profit

  $ 2,046     $ (46 )   $ 2,000  

 

 

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 three months ended March 31, 2024 and 2023 are disclosed separately from the regional totals. Geographic information for revenue based on location of customers is as follows:

 

   

Three Months Ended March 31,

 
   

2024

   

2023

 

Americas

               

United States

  $ 2,297     $ 2,958  

Other

    32       4  

Americas revenue

    2,329       2,962  
                 

EMEA

               

France

    346        

Germany

    124       244  

Other

    360       512  

EMEA revenue

    830       756  
                 

APAC

               

Indonesia

    336        

Other

    261       404  

APAC revenue

    597       404  
                 

Total Revenue

  $ 3,756     $ 4,122