Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Segment Disclosures

v3.24.2
Note 16 - Segment Disclosures
6 Months Ended
Jun. 30, 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 June 30, 2024

                       

Revenue

  $ 4,784     $ 166     $ 4,950  

Cost of revenue

    2,196       117       2,313  

Gross profit

  $ 2,588     $ 49     $ 2,637  
                         

Three months ended June 30, 2023

                       

Revenue

  $ 4,688     $ 15     $ 4,703  

Cost of revenue

    2,421       28       2,449  

Gross profit

  $ 2,267     $ (13 )   $ 2,254  

 

   

EksoHealth

   

EksoWorks

   

Total

 

Six months ended June 30, 2024

                       

Revenue

  $ 8,343     $ 363     $ 8,706  

Cost of revenue

    3,852       266       4,118  

Gross profit

  $ 4,491     $ 97     $ 4,588  
                         

Six months ended June 30, 2023

                       

Revenue

  $ 8,684     $ 141     $ 8,825  

Cost of revenue

    4,372       199       4,571  

Gross profit

  $ 4,312     $ (58 )   $ 4,254  

 

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, 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 June 30,

   

Six Months Ended June 30,

 
   

2024

   

2023

   

2024

   

2023

 

Americas

                               

United States

  $ 2,589     $ 3,684     $ 4,886     $ 6,642  

Canada

    330       6       352       8  

Mexico

                9       3  

Other

                       

Americas revenue

    2,919       3,691       5,247       6,653  
                                 

EMEA

                               

France

    522             868       1  

Germany

    418       52       543       296  

Romania

    181       475       181       475  

Poland

    57       284       96       511  

Other

    338       51       659       335  

EMEA revenue

    1,516       862       2,347       1,618  
                                 

APAC

                               

Hong Kong

    108       118       122       297  

Indonesia

    301             636        

Other

    106       32       354       257  

APAC revenue

    515       150       1,112       554  
                                 

Total Revenue

  $ 4,950     $ 4,703     $ 8,706     $ 8,825