Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Loss (Unaudited)

v3.23.2
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Sales revenue $ 68,343 $ 89,291 $ 124,230 $ 156,693
Rental revenue 15,292 14,085 31,567 27,068
Total revenue 83,635 103,376 155,797 183,761
Cost of revenue        
Cost of sales revenue 42,028 50,661 75,992 90,161
Cost of rental revenue, including depreciation of $3,238 and $2,720, for the three months ended and $6,316 and $5,358 for the six months ended, respectively 7,563 6,457 15,028 12,336
Total cost of revenue 49,591 57,118 91,020 102,497
Gross profit        
Gross profit-sales revenue 26,315 38,630 48,238 66,532
Gross profit-rental revenue 7,729 7,628 16,539 14,732
Total gross profit 34,044 46,258 64,777 81,264
Operating expense        
Research and development 4,293 6,064 9,637 11,428
Sales and marketing 26,906 30,388 55,347 58,427
General and administrative 14,613 12,682 33,476 27,871
Total operating expense 45,812 49,134 98,460 97,726
Loss from operations (11,768) (2,876) (33,683) (16,462)
Other income (expense)        
Interest income 1,646 225 3,171 254
Other income (expense) 337 (722) 574 (1,155)
Total other income (expense), net 1,983 (497) 3,745 (901)
Loss before provision for income taxes (9,785) (3,373) (29,938) (17,363)
Provision for income taxes 41 69 237 293
Net loss (9,826) (3,442) (30,175) (17,656)
Other comprehensive income (loss), net of tax        
Change in foreign currency translation adjustment 7 (634) 177 (837)
Change in net unrealized gains (losses) on foreign currency hedging 7 (1,204) 7 (1,878)
Less: reclassification adjustment for net (gains) losses included in net income   606   1,206
Total net change in unrealized gains (losses) on foreign currency hedging 7 (598) 7 (672)
Change in net unrealized gains (losses) on marketable securities 64 7 133 (1)
Total other comprehensive income (loss), net of tax 78 (1,225) 317 (1,510)
Comprehensive loss $ (9,748) $ (4,667) $ (29,858) $ (19,166)
Basic net loss per share attributable to common stockholders (Note 6) $ (0.42) $ (0.15) $ (1.31) $ (0.77)
Diluted net loss per share attributable to common stockholders (Note 6) $ (0.42) $ (0.15) $ (1.31) $ (0.77)
Weighted average number of shares used in calculating net loss per share attributable to common stockholders:        
Basic common shares 23,146,117 22,845,040 23,078,244 22,799,981
Diluted common shares 23,146,117 22,845,040 23,078,244 22,799,981