Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.23.2
Business Segment Information (Tables)
 6 Months Ended
Jun. 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 June 30, 2023 and 2022:
2023
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
 
Net revenues - external $ 19,319 $ 12,416 $ — $ 31,735
Net revenues - internal — 1,681 (1,681) —
Total net revenues 19,319 14,097 (1,681) 31,735
Gross profit 11,845 4,597 — 16,442
Selling, general and administrative expenses 15,194 15,194
Interest expense (620) (620)
Other income 2 2
Provision for income taxes (195) (195)
Net income $ 435
Total assets $ 60,243 $ 40,506 $ 2,000 $ 102,749
Purchases of medical equipment $ 1,539 $ 1,487 $ — $ 3,026
Depreciation and amortization of intangible assets $ 2,078 $ 1,015 $ — $ 3,093
2022
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
Net revenues - external $ 17,244 $ 9,798 $ — $ 27,042
Net revenues - internal — 1,762 (1,762) —
Total net revenues 17,244 11,560 (1,762) 27,042
Gross profit 10,113 4,788 — 14,901
Selling, general and administrative expenses 14,694 14,694
Interest expense (314) (314)
Other expense (30) (30)
Provision for income taxes (27) (27)
Net loss $ (164)
Total assets $ 62,310 $ 34,507 $ 2,000 $ 98,817
Purchases of medical equipment $ 3,325 $ 413 $ — $ 3,738
Depreciation and amortization of intangible assets $ 2,371 $ 1,029 $ — $ 3,400
The financial information summarized below is presented by reportable segment for the six months ended June 30, 2023 and 2022:
2023
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
 
Net revenues - external $ 38,093 $ 24,012 $ — $ 62,105
Net revenues - internal — 3,311 (3,311) —
Total net revenues 38,093 27,323 (3,311) 62,105
Gross profit 23,386 8,596 — 31,982
Selling, general and administrative expenses 30,841 30,841
Interest expense (1,104) (1,104)
Other expense (33) (33)
Benefit from income taxes 107 107
Net income $ 111
Total assets $ 60,243 $ 40,506 $ 2,000 $ 102,749
Purchases of medical equipment $ 4,212 $ 2,782 $ — $ 6,994
Depreciation and amortization of intangible assets $ 4,256 $ 2,040 $ — $ 6,296
2022
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
Net revenues - external $ 33,885 $ 19,920 $ — $ 53,805
Net revenues - internal — 3,250 (3,250) —
Total net revenues 33,885 23,170 (3,250) 53,805
Gross profit 20,851 9,417 — 30,268
Selling, general and administrative expenses 30,586 30,586
Interest expense (591) (591)
Other expense (58) (58)
Benefit from income taxes 435 435
Net loss $ (532)
Total assets $ 62,310 $ 34,507 $ 2,000 $ 98,817
Purchases of medical equipment $ 4,836 $ 1,833 $ — $ 6,669
Depreciation and amortization of intangible assets $ 4,769 $ 2,047 $ — $ 6,816