Annual report pursuant to Section 13 and 15(d)

Note 17 - Segment Disclosures

v3.24.0.1
Note 17 - Segment Disclosures
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

17. 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

 

Year ended December 31, 2023

                       

Revenue

  $ 17,702     $ 577     $ 18,279  

Cost of revenue

    8,770       430       9,200  

Gross profit

  $ 8,932     $ 147     $ 9,079  
                         

Year ended December 31, 2022

                       

Revenue

  $ 11,830     $ 1,082     $ 12,912  

Cost of revenue

    5,949       749       6,698  

Gross profit

  $ 5,881     $ 333     $ 6,214  

 

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 year ended December 31, 2023 and 2022 are disclosed separately from the regional totals. Geographic information for revenue based on location of customers is as follows:

 

   

Year ended December 31,

 
   

2023

   

2022

 

United States

  $ 12,500     $ 6,557  

Other

    495       252  

Americas

    12,995       6,809  

Germany

    476       1,002  

Poland

    1,406       904  

Other

    1,883       1,943  

EMEA

    3,765       3,849  

APAC

    1,519       2,254  
    $ 18,279     $ 12,912