Quarterly report [Sections 13 or 15(d)]

Business Segment Information

v3.26.1
Business Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company’s reportable segments are organized based on service platforms, with the Patient Services segment reflecting higher margin rental revenues that generally include payments made by third-party and direct payers and the Device Solutions segment reflecting lower margin product sales, direct payer rental and services revenues. Resources are allocated and performance is assessed for these segments by the Company’s Chief Executive Officer, whom the Company has determined to be its chief operating decision maker or CODM. The CODM uses gross profit for each segment predominantly in the annual budget and forecasting process and considers budget-to-actual variances on a quarterly basis when making operating and capital resource allocation decisions among each segment.
The financial information summarized below is presented by reportable segment for the three months ended March 31, 2026 and 2025:
2026
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
Net revenues - external $ 22,105  $ 11,579  $ —  $ 33,684 
Net revenues - internal —  1,642  (1,642) — 
Total net revenues 22,105  13,221  (1,642) 33,684 
Significant segment expenses:
Supplies and material costs 5,856  4,482  (1,642) 8,696 
Employee-related expenses —  2,478  —  2,478 
Depreciation 1,855  874  —  2,729 
Other segment items (a) 72  27  —  99 
Gross profit 14,323  5,359  —  19,682 
Selling, general and administrative expenses 18,092 
Interest expense (255)
Other income 82 
Income before income taxes 1,417 
Total assets $ 50,911  $ 45,746  $ 2,000  $ 98,657 
Purchases of medical equipment $ 642  $ 1,038  $ —  $ 1,680 
Depreciation and amortization of intangible assets $ 2,042  $ 1,211  $ —  $ 3,253 
(a) Other segment items included in Segment gross profit include estimates for medical equipment considered to be missing and other miscellaneous shop expenses.
2025
(in thousands) Patient Services Device Solutions
Corporate/
Eliminations
Total
Net revenues - external $ 20,774  $ 13,942  $ —  $ 34,716 
Net revenues - internal —  1,882  (1,882) — 
Total net revenues 20,774  15,824  (1,882) 34,716 
Significant segment expenses:
Supplies and material costs 5,533  4,548  (1,882) 8,199 
Employee-related expenses —  4,316  —  4,316 
Depreciation 1,834  943  —  2,777 
Other segment items (a) 222  35  —  257 
Gross profit 13,185  5,982  —  19,167 
Selling, general and administrative expenses 18,549 
Interest expense (336)
Other expense (29)
Income before income taxes 253 
Total assets $ 53,928  $ 48,354  $ 2,000  $ 104,282 
Purchases of medical equipment $ 1,776  $ 1,508  $ —  $ 3,284 
Depreciation and amortization of intangible assets $ 2,082  $ 1,238  $ —  $ 3,320 
(a) Other segment items included in Segment gross profit include estimates for medical equipment considered to be missing and other miscellaneous shop expenses.