Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.23.3
Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The financial information summarized below is presented by reportable segment for the three months ended September 30, 2023 and 2022:
2023
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
 
Net revenues - external $ 19,289 $ 12,620 $ — $ 31,909
Net revenues - internal — 1,598 (1,598) —
Total net revenues 19,289 14,218 (1,598) 31,909
Gross profit 11,837 4,409 — 16,246
Selling, general and administrative expenses 14,549 14,549
Interest expense (563) (563)
Other expense (14) (14)
Provision for income taxes (431) (431)
Net income $ 689
Total assets $ 57,838 $ 42,233 $ 2,000 $ 102,071
Purchases of medical equipment $ 650 $ 859 $ — $ 1,509
Depreciation and amortization of intangible assets $ 2,038 $ 1,030 $ — $ 3,068
2022
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
Net revenues - external $ 17,375 $ 9,904 $ — $ 27,279
Net revenues - internal — 1,610 (1,610) —
Total net revenues 17,375 11,514 (1,610) 27,279
Gross profit 11,400 4,819 — 16,219
Selling, general and administrative expenses 15,276 15,276
Interest expense (385) (385)
Other expense (11) (11)
Provision for income taxes (104) (104)
Net income $ 443
Total assets $ 61,735 $ 35,246 $ 2,000 $ 98,981
Purchases of medical equipment $ 2,088 $ 1,695 $ — $ 3,783
Depreciation and amortization of intangible assets $ 2,425 $ 1,015 $ — $ 3,440

The financial information summarized below is presented by reportable segment for the nine months ended September 30, 2023 and 2022:
2023
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
 
Net revenues - external $ 57,382 $ 36,632 $ — $ 94,014
Net revenues - internal — 4,909 (4,909) —
Total net revenues 57,382 41,541 (4,909) 94,014
Gross profit 35,223 13,005 — 48,228
Selling, general and administrative expenses 45,390 45,390
Interest expense (1,667) (1,667)
Other expense (47) (47)
Provision for income taxes (324) (324)
Net income $ 800
Total assets $ 57,838 $ 42,233 $ 2,000 $ 102,071
Purchases of medical equipment $ 4,862 $ 3,641 $ — $ 8,503
Depreciation and amortization of intangible assets $ 6,294 $ 3,070 $ — $ 9,364
2022
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
Net revenues - external $ 51,260 $ 29,824 $ — $ 81,084
Net revenues - internal — 4,860 (4,860) —
Total net revenues 51,260 34,684 (4,860) 81,084
Gross profit 32,251 14,236 — 46,487
Selling, general and administrative expenses 45,862 45,862
Interest expense (976) (976)
Other expense (69) (69)
Benefit from income taxes 331 331
Net loss $ (89)
Total assets $ 61,735 $ 35,246 $ 2,000 $ 98,981
Purchases of medical equipment $ 6,924 $ 3,528 $ — $ 10,452
Depreciation and amortization of intangible assets $ 7,194 $ 3,062 $ — $ 10,256