| Summary of Reportable Segments |
The below table presents results by segment for the three and six months ended June 30, 2026 and 2025:
Reportable Segments
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Three Months Ended June 30, |
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Six Months Ended June 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Revenues, net of discounts |
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|
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Established Region |
$ |
17,398 |
|
$ |
17,482 |
|
$ |
32,386 |
|
$ |
38,092 |
Emerging Region |
|
17,951 |
|
|
17,703 |
|
|
36,473 |
|
|
35,214 |
Total |
$ |
35,349 |
|
$ |
35,185 |
|
$ |
68,859 |
|
$ |
73,306 |
Gross profit |
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Established Region |
$ |
8,412 |
|
$ |
8,568 |
|
$ |
15,921 |
|
$ |
19,885 |
Emerging Region |
|
7,686 |
|
|
7,584 |
|
|
16,098 |
|
|
15,145 |
Total |
$ |
16,098 |
|
$ |
16,152 |
|
$ |
32,019 |
|
$ |
35,030 |
Operating expenses: |
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Selling, general and administrative expenses |
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Established Region |
$ |
5,852 |
|
$ |
6,705 |
|
$ |
11,748 |
|
$ |
13,890 |
Emerging Region |
|
4,221 |
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|
4,164 |
|
|
8,354 |
|
|
8,631 |
Other |
|
3,488 |
|
|
4,943 |
|
|
7,779 |
|
|
10,109 |
Total |
$ |
13,561 |
|
$ |
15,812 |
|
$ |
27,881 |
|
$ |
32,630 |
Depreciation and amortization |
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Established Region |
$ |
2,464 |
|
$ |
2,648 |
|
$ |
4,981 |
|
$ |
5,412 |
Emerging Region |
|
1,579 |
|
|
1,313 |
|
|
3,059 |
|
|
2,655 |
Other |
|
113 |
|
|
119 |
|
|
225 |
|
|
232 |
Total |
$ |
4,156 |
|
$ |
4,080 |
|
$ |
8,265 |
|
$ |
8,299 |
Write-downs, (recoveries) and other charges, net |
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Established Region |
$ |
680 |
|
$ |
1,413 |
|
$ |
731 |
|
$ |
1,354 |
Emerging Region |
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(20) |
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|
216 |
|
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(288) |
|
|
127 |
Other |
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— |
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|
1 |
|
|
— |
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|
— |
Total |
$ |
660 |
|
$ |
1,630 |
|
$ |
443 |
|
$ |
1,481 |
Income (loss) from operations |
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Established Region |
$ |
(584) |
|
$ |
(2,198) |
|
$ |
(1,539) |
|
$ |
(771) |
Emerging Region |
|
1,906 |
|
|
1,891 |
|
|
4,973 |
|
|
3,732 |
Other |
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(3,601) |
|
|
(5,063) |
|
|
(8,004) |
|
|
(10,341) |
Total |
$ |
(2,279) |
|
$ |
(5,370) |
|
$ |
(4,570) |
|
$ |
(7,380) |
Other income (expenses), net |
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Established Region |
$ |
(120) |
|
$ |
568 |
|
$ |
(2) |
|
$ |
32,001 |
Emerging Region |
|
(271) |
|
|
(63) |
|
|
(702) |
|
|
1,172 |
Other |
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(5,230) |
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|
(9,722) |
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|
(9,940) |
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|
(31,221) |
Total |
$ |
(5,620) |
|
$ |
(9,217) |
|
$ |
(10,644) |
|
$ |
1,952 |
Income tax expense |
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Established Region |
$ |
3,027 |
|
$ |
1,326 |
|
$ |
5,083 |
|
$ |
2,745 |
Emerging Region |
|
433 |
|
|
226 |
|
|
771 |
|
|
609 |
Other |
|
3,573 |
|
|
2,579 |
|
|
8,174 |
|
|
4,786 |
Total |
$ |
7,033 |
|
$ |
4,131 |
|
$ |
14,028 |
|
$ |
8,140 |
Net income (loss) |
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Established Region |
$ |
(3,884) |
|
$ |
(2,956) |
|
$ |
(6,776) |
|
$ |
28,487 |
Emerging Region |
|
1,500 |
|
|
1,602 |
|
|
3,797 |
|
|
4,295 |
Other |
|
(12,040) |
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|
(17,364) |
|
|
(25,754) |
|
|
(46,350) |
Total |
$ |
(14,424) |
|
$ |
(18,718) |
|
$ |
(28,733) |
|
$ |
(13,568) |
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Supplemental segment disclosures: |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Purchase of property, plant and equipment |
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|
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|
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|
|
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Established Region |
$ |
594 |
|
$ |
2,446 |
|
$ |
1,977 |
|
$ |
3,740 |
Emerging Region |
|
7,961 |
|
|
1,160 |
|
|
9,966 |
|
|
4,391 |
Other |
|
4 |
|
|
6 |
|
|
8 |
|
|
257 |
Total |
$ |
8,559 |
|
$ |
3,612 |
|
$ |
11,951 |
|
$ |
8,388 |
Purchase of other intangible assets |
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Established Region |
$ |
4 |
|
$ |
— |
|
$ |
8 |
|
$ |
— |
Other |
|
70 |
|
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(52) |
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|
113 |
|
|
73 |
Total |
$ |
74 |
|
$ |
(52) |
|
$ |
121 |
|
$ |
73 |
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As of June 30, |
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As of December 31, |
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2026 |
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|
2025 |
Assets |
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Established Region |
|
|
|
|
|
|
$ |
156,561 |
|
$ |
160,437 |
Emerging Region |
|
|
|
|
|
|
|
90,778 |
|
|
77,950 |
Other |
|
|
|
|
|
|
|
11,086 |
|
|
17,599 |
Total |
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|
|
|
|
|
$ |
258,425 |
|
$ |
255,986 |
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