Quarterly report pursuant to Section 13 or 15(d)

Segment Disclosures

v3.21.2
Segment Disclosures
 9 Months Ended
Sep. 30, 2021
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, 2021      
Revenue $ 2,716  $ 333  $ 3,049 
Cost of revenue 1,044  198  1,242 
Gross profit $ 1,672  $ 135  $ 1,807 
Three months ended September 30, 2020      
Revenue $ 2,739  $ 158  $ 2,897 
Cost of revenue 989  95  1,084 
Gross profit $ 1,750  $ 63  $ 1,813 

  EksoHealth EksoWorks Total
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 
Nine months ended September 30, 2020      
Revenue $ 6,015  $ 613  $ 6,628 
Cost of revenue 2,466  453  2,919 
Gross profit $ 3,549  $ 160  $ 3,709 

Geographically, the regions the Company operates in are the Americas, Europe, the Middle East, and Africa (EMEA), and Asia Pacific (APAC). Geographic information for revenue based on location of customers is as follows:
  Three Months Ended September 30, Nine Months Ended September 30,
  2021 2020 2021 2020
United States $ 1,777 $ 2,016 $ 3,914 $ 4,899
Other 25  14  105  59 
Americas 1,802  2,030  4,019  4,958 
Germany 313  131  845  509 
Belgium —  —  270  — 
Other 515  192  1,284  387 
EMEA 828  323  2,399  896 
APAC 419  544  752  774 
  $ 3,049  $ 2,897  $ 7,170  $ 6,628