| Summary of Reportable Segments |
The following table presents results by segment for the three and nine months ended September 30, 2026 and 2025:
Reportable Segments
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Revenues, net of discounts |
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|
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Established Region |
$ |
17,899 |
|
$ |
16,626 |
|
$ |
50,285 |
|
$ |
54,718 |
Emerging Region |
|
20,468 |
|
|
18,763 |
|
|
56,941 |
|
|
53,977 |
Total |
$ |
38,367 |
|
$ |
35,389 |
|
$ |
107,226 |
|
$ |
108,695 |
Gross profit |
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Established Region |
$ |
7,763 |
|
$ |
8,358 |
|
$ |
23,684 |
|
$ |
28,243 |
Emerging Region |
|
8,909 |
|
|
7,224 |
|
|
25,007 |
|
|
22,369 |
Total |
$ |
16,672 |
|
$ |
15,582 |
|
$ |
48,691 |
|
$ |
50,612 |
Operating expenses: |
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Selling, general and administrative expenses |
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Established Region |
$ |
5,648 |
|
$ |
6,554 |
|
$ |
17,396 |
|
$ |
20,443 |
Emerging Region |
|
4,104 |
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|
4,144 |
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|
12,459 |
|
|
12,300 |
Other |
|
3,355 |
|
|
4,333 |
|
|
11,133 |
|
|
14,918 |
Total |
$ |
13,107 |
|
$ |
15,031 |
|
$ |
40,988 |
|
$ |
47,661 |
Depreciation and amortization |
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Established Region |
$ |
2,494 |
|
$ |
2,682 |
|
$ |
7,475 |
|
$ |
8,095 |
Emerging Region |
|
2,117 |
|
|
1,318 |
|
|
5,176 |
|
|
3,972 |
Other |
|
400 |
|
|
110 |
|
|
625 |
|
|
342 |
Total |
$ |
5,011 |
|
$ |
4,110 |
|
$ |
13,276 |
|
$ |
12,409 |
Write-downs, (recoveries) and other charges, net |
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Established Region |
$ |
(5) |
|
$ |
531 |
|
$ |
726 |
|
$ |
1,839 |
Emerging Region |
|
188 |
|
|
60 |
|
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(100) |
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|
60 |
Other |
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— |
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|
95 |
|
|
— |
|
|
268 |
Total |
$ |
183 |
|
$ |
686 |
|
$ |
626 |
|
$ |
2,167 |
Income (loss) from operations |
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Established Region |
$ |
(374) |
|
$ |
(1,409) |
|
$ |
(1,913) |
|
$ |
(2,133) |
Emerging Region |
|
2,500 |
|
|
1,702 |
|
|
7,472 |
|
|
6,037 |
Other |
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(3,755) |
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|
(4,538) |
|
|
(11,758) |
|
|
(15,529) |
Total |
$ |
(1,629) |
|
$ |
(4,245) |
|
$ |
(6,199) |
|
$ |
(11,625) |
Other income (expenses), net |
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Established Region |
$ |
170 |
|
$ |
(1,256) |
|
$ |
16 |
|
$ |
30,746 |
Emerging Region |
|
284 |
|
|
(252) |
|
|
(121) |
|
|
917 |
Other |
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(5,008) |
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|
(3,320) |
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|
(14,584) |
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|
(34,539) |
Total |
$ |
(4,554) |
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$ |
(4,828) |
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$ |
(14,689) |
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$ |
(2,876) |
Income tax expense |
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Established Region |
$ |
1,587 |
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$ |
1,404 |
|
$ |
6,669 |
|
$ |
4,148 |
Emerging Region |
|
129 |
|
|
235 |
|
|
900 |
|
|
800 |
Other |
|
5,298 |
|
|
1,833 |
|
|
13,473 |
|
|
6,664 |
Total |
$ |
7,014 |
|
$ |
3,472 |
|
$ |
21,042 |
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$ |
11,612 |
Net income (loss) |
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Established Region |
$ |
(1,791) |
|
$ |
(4,069) |
|
$ |
(8,565) |
|
$ |
24,464 |
Emerging Region |
|
2,655 |
|
|
1,215 |
|
|
6,451 |
|
|
6,154 |
Other |
|
(14,061) |
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|
(9,691) |
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|
(39,816) |
|
|
(56,731) |
Total |
$ |
(13,197) |
|
$ |
(12,545) |
|
$ |
(41,930) |
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$ |
(26,113) |
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Supplemental segment disclosures: |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Purchase of property, plant and equipment |
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Established Region |
$ |
811 |
|
$ |
2,161 |
|
$ |
2,789 |
|
$ |
5,901 |
Emerging Region |
|
796 |
|
|
6,152 |
|
|
10,762 |
|
|
10,544 |
Other |
|
(41) |
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|
58 |
|
|
(34) |
|
|
314 |
Total |
$ |
1,566 |
|
$ |
8,371 |
|
$ |
13,517 |
|
$ |
16,759 |
Purchase of other intangible assets |
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Established Region |
$ |
(0) |
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$ |
— |
|
$ |
8 |
|
$ |
— |
Emerging Region |
|
— |
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|
— |
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|
— |
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|
— |
Other |
|
72 |
|
|
9 |
|
|
185 |
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|
82 |
Total |
$ |
72 |
|
$ |
9 |
|
$ |
193 |
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$ |
82 |
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As of September 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 |
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|
|
|
|
|
$ |
151,568 |
|
$ |
160,437 |
Emerging Region |
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|
|
|
|
|
|
94,862 |
|
|
77,950 |
Other |
|
|
|
|
|
|
|
11,196 |
|
|
17,599 |
Total |
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$ |
257,626 |
|
$ |
255,986 |
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