v3.26.1
Segment reporting
6 Months Ended
Jun. 30, 2026
Segment reporting  
Segment reporting

14

Segment reporting

The Company’s operations are categorized into one industry segment, which is medical technology focused on magnetic resonance guided ablation procedures for the treatments to ablate the prostate gland, uterine fibroids, osteoid osteoma and nerves for palliative pain relief for patients with metastatic bone disease. The CODM regularly reviews the operating results of the Company on a consolidated basis as part of making decisions for allocating resources and evaluating performance. Further, the CODM is regularly provided with the consolidated expenses as noted on the consolidated statements of operations and comprehensive loss.

The following tables represent total revenue by geographic area, based on the location of the reporting entity for the three months ended June 30, 2026 and 2025, respectively:

​

​

​

​

​

​

​

​

​

​

​

 

For the three months ended June 30, 2026

​

​

Canada

​

USA

​

Germany

​

Total

​

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Revenue

​

​

​

​

​

​

​

​

Recurring - non-capital

​

129

​

1,301

​

182

​

1,612

Capital equipment

​

427

​

444

​

—

​

871

​

​

556

​

1,745

​

182

​

2,483

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended June 30, 2025

​

​

Canada

​

USA

​

Germany

​

Total

​

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Revenue

 

​

 

​

​

​

 

​

Recurring - non-capital

​

94

​

1,327

​

140

​

1,561

Capital equipment

 

—

 

650

​

—

 

650

​

 

94

 

1,977

​

140

 

2,211

​

​

​

​

​

​

​

​

​

​

​

​

​

For the six months ended June 30, 2026

​

​

Canada

​

USA

​

Germany

​

Total

​

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Revenue

 

​

 

​

​

​

 

​

Recurring - non-capital

​

1,614

​

2,140

​

332

​

4,086

Capital equipment

 

2,513

 

1,221

​

—

 

3,734

​

 

4,127

 

3,361

​

332

 

7,820

​

​

​

​

​

​

​

​

​

​

​

​

For the six months ended June 30, 2025

​

​

Canada

​

USA

​

Germany

​

Total

​

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Revenue

 

​

 

​

​

​

 

​

Recurring - non-capital

​

376

​

2,620

​

366

​

3,362

Capital equipment

 

570

 

900

​

—

 

1,470

​

 

946

 

3,520

​

366

 

4,832

​

The following tables represent other geographic information for the six months ended June 30, 2026 and the year ended December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the period ended June 30, 2026

​

​

Canada

​

USA

​

Germany

​

China

​

Finland

​

Total

​

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Total assets

 

51,218

 

7,215

 

540

 

137

 

3,275

 

62,385

Intangible assets

 

121

 

—

 

—

 

—

 

—

 

121

Property and equipment

 

13

 

389

 

—

 

—

 

154

 

556

Right-of-use assets

 

2,763

 

—

 

—

 

—

 

—

 

2,763

Amortization of intangible assets

 

16

 

—

 

—

 

—

 

—

 

16

Depreciation of property and equipment

 

28

 

169

 

—

 

—

 

22

 

219

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the year ended December 31, 2025

​

​

Canada

​

USA

​

Germany

​

China

​

Finland

​

Total

​

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

  ​ ​ ​

$

Total assets

 

63,046

 

9,791

 

1,243

 

137

 

3,258

 

77,475

Intangible assets

 

138

 

—

 

—

 

—

 

—

 

138

Property and equipment

 

41

 

481

 

—

 

—

 

176

 

698

Right-of-use assets

 

184

 

—

 

—

 

—

 

—

 

184

Amortization of intangible assets

 

187

 

—

 

—

 

—

 

—

 

187

Depreciation of property and equipment

 

51

 

322

 

—

 

—

 

—

 

373

​