After doing some more searching I found a post on here that helped me out.

JEY100 shared a link to a blog post that was very informative. It didn't really answer the question about what each reading meant per se, but it did open my eyes to whether ketone measurements really matter.

Thanks, JEY100. You can be in ketosis and not lose body fat, and you can lose body fat without being in ketosis.

Here is her link Being Fat Adapted Versus "In Ketosis"

I'd delete this post but I do not know how. So I'll just add what I found in case anybody is interested.