| Schedule of Segment Information |
When evaluating the Company’s financial performance, the following table sets forth significant expense categories regularly provided to the CODM:
|
|
|
|
|
|
|
|
|
|
|
For the three months
ended March 31 |
|
|
|
2026 |
|
|
2025 |
|
Net sales |
|
$ |
123,568 |
|
|
$ |
115,800 |
|
Cost of sales |
|
|
|
|
|
|
Material and other costs |
|
|
(74,920 |
) |
|
|
(76,024 |
) |
Warehousing, handling, and outbound freight |
|
|
(10,231 |
) |
|
|
(9,585 |
) |
Total cost of sales |
|
|
(85,151 |
) |
|
|
(85,609 |
) |
Gross profit |
|
|
38,417 |
|
|
|
30,191 |
|
Operating expenses |
|
|
|
|
|
|
Selling, general and administrative |
|
|
(27,713 |
) |
|
|
(26,628 |
) |
Research, product development and regulatory |
|
|
(5,271 |
) |
|
|
(5,682 |
) |
Product liability claims |
|
|
(81 |
) |
|
|
— |
|
Transformation |
|
|
(2,804 |
) |
|
|
(2,191 |
) |
Asset impairments |
|
|
(659 |
) |
|
|
— |
|
Operating income (loss) |
|
|
1,889 |
|
|
|
(4,310 |
) |
Change in fair value of an equity investment |
|
|
(120 |
) |
|
|
— |
|
Interest expense, net |
|
|
(5,790 |
) |
|
|
(3,765 |
) |
Loss before provision for income taxes |
|
|
(4,021 |
) |
|
|
(8,075 |
) |
Income tax expense |
|
|
(124 |
) |
|
|
(387 |
) |
Net loss |
|
$ |
(4,145 |
) |
|
$ |
(8,462 |
) |
|