Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Loss (Unaudited)

v3.23.1
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Sales revenue $ 55,887 $ 67,402
Rental revenue 16,275 12,983
Total revenue 72,162 80,385
Cost of revenue    
Cost of sales revenue 33,964 39,500
Cost of rental revenue, including depreciation of $3,078 and $2,638, respectively 7,465 5,879
Total cost of revenue 41,429 45,379
Gross profit    
Gross profit-sales revenue 21,923 27,902
Gross profit-rental revenue 8,810 7,104
Total gross profit 30,733 35,006
Operating expense    
Research and development 5,344 5,364
Sales and marketing 28,441 28,039
General and administrative 18,863 15,189
Total operating expense 52,648 48,592
Loss from operations (21,915) (13,586)
Other income (expense)    
Interest income 1,525 29
Other income (expense) 237 (433)
Total other income (expense), net 1,762 (404)
Loss before provision for income taxes (20,153) (13,990)
Provision for income taxes 196 224
Net loss (20,349) (14,214)
Other comprehensive income (loss), net of tax    
Change in foreign currency translation adjustment 170 (203)
Change in net unrealized gains (losses) on foreign currency hedging   (528)
Less: reclassification adjustment for net (gains) losses included in net income   454
Total net change in unrealized gains (losses) on foreign currency hedging   (74)
Change in net unrealized gains (losses) on marketable securities 69 (8)
Total other comprehensive income (loss), net of tax 239 (285)
Comprehensive loss $ (20,110) $ (14,499)
Basic net loss per share attributable to common stockholders (Note 6) $ (0.88) $ (0.62)
Diluted net loss per share attributable to common stockholders (Note 6) $ (0.88) $ (0.62)
Weighted average number of shares used in calculating net loss per share attributable to common stockholders:    
Basic common shares 23,009,617 22,754,421
Diluted common shares 23,009,617 22,754,421