| Schedule of Error Corrections and Prior Period Adjustments |
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Operations for the interim periods ended March 31, 2025 (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | (unaudited) | As Previously Reported | | Adjustments | | As Revised | | Revenue | | | | | | | Services | $ | 101,463 | | | $ | (80) | | | $ | 101,383 | | | Total revenue | 143,418 | | | (80) | | | 143,338 | | | Cost of revenue | | | | | | | Products | 23,159 | | | 1,835 | | | 24,994 | | | Services | 54,373 | | | 1,188 | | | 55,561 | | | Total cost of revenue | 77,532 | | | 3,023 | | | 80,555 | | | Gross profit | 65,886 | | | (3,103) | | | 62,783 | | | Operating expenses | | | | | | | Research and development | 6,869 | | | 733 | | | 7,602 | | | Selling, general and administrative | 71,588 | | | (1,793) | | | 69,795 | | | Total operating expenses | 82,037 | | | (1,060) | | | 80,977 | | | Operating loss | (16,151) | | | (2,043) | | | (18,194) | | | Loss from continuing operations before income taxes | (10,505) | | | (2,042) | | | (12,547) | | | Income tax expense | 7,680 | | | (437) | | | 7,243 | | | Loss from continuing operations | (18,185) | | | (1,605) | | | (19,790) | | | Loss from discontinued operations, net of tax | (22,271) | | | (5,600) | | | (27,871) | | | Net loss | $ | (40,456) | | | $ | (7,205) | | | $ | (47,661) | | | | | | | | | Basic net loss per share: | | | | | | | Loss from continuing operations | $ | (0.40) | | | $ | (0.03) | | | $ | (0.43) | | | Loss from discontinued operations, net of tax | (0.49) | | | (0.12) | | | (0.61) | | | Basic net loss per share | $ | (0.89) | | | $ | (0.15) | | | $ | (1.04) | | | | | | | | | Diluted net loss per share: | | | | | | | Loss from continuing operations | $ | (0.40) | | | $ | (0.03) | | | $ | (0.43) | | | Loss from discontinued operations, net of tax | (0.49) | | | (0.12) | | | (0.61) | | | Diluted net loss per share | $ | (0.89) | | | $ | (0.15) | | | $ | (1.04) | | | | | | | | | Weighted average shares used in computing net income (loss) per share: | | | | | | | Basic | 45,732 | | | | 45,732 | | Diluted | 45,732 | | | | 45,732 |
| | | | | | | | | | | | | | | | | | | Six months ended March 31, 2025 | | (unaudited) | As Previously Reported | | Adjustments | | As Revised | | Revenue | | | | | | | Services | $ | 205,146 | | | $ | (154) | | | $ | 204,992 | | | Total revenue | 290,928 | | | (154) | | | 290,774 | | | Cost of revenue | | | | | | | Products | 48,493 | | | 542 | | | 49,035 | | | Services | 107,878 | | | 2,259 | | | 110,137 | | | Total cost of revenue | 156,371 | | | 2,801 | | | 159,172 | | | Gross profit | 134,557 | | | (2,955) | | | 131,602 | | | Operating expenses | | | | | | | Research and development | 13,249 | | | 1,466 | | | 14,715 | | | Selling, general and administrative | 144,801 | | | (5,030) | | | 139,771 | | | Total operating expenses | 162,061 | | | (3,564) | | | 158,497 | | | Operating loss | (27,504) | | | 609 | | | (26,895) | | | Loss from continuing operations before income taxes | (16,357) | | | 611 | | | (15,746) | | | Income tax expense | 11,249 | | | (132) | | | 11,117 | | | Loss from continuing operations | (27,606) | | | 743 | | | (26,863) | | | Loss from discontinued operations, net of tax | (26,190) | | | (5,600) | | | (31,790) | | | Net loss | $ | (53,796) | | | $ | (4,857) | | | $ | (58,653) | | | | | | | | | Basic net loss per share: | | | | | | | Loss from continuing operations | $ | (0.60) | | | $ | 0.01 | | | $ | (0.59) | | | Loss from discontinued operations, net of tax | $ | (0.57) | | | $ | (0.13) | | | $ | (0.70) | | | Basic net loss per share | $ | (1.17) | | | $ | (0.12) | | | $ | (1.29) | | | | | | | | | Diluted net loss per share: | | | | | | | Loss from continuing operations | $ | (0.60) | | | $ | 0.01 | | | $ | (0.59) | | | Loss from discontinued operations, net of tax | $ | (0.57) | | | $ | (0.13) | | | $ | (0.70) | | | Diluted net loss per share | $ | (1.17) | | | $ | (0.12) | | | $ | (1.29) | | | | | | | | | Weighted average shares used in computing net income (loss) per share: | | | | | | | Basic | 45,658 | | | | 45,658 | | Diluted | 45,658 | | | | 45,658 |
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Comprehensive Income (Loss) for the interim periods ended March 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | (unaudited) | As Previously Reported | | Adjustments | | As Revised | | Net loss | $ | (40,456) | | | $ | (7,205) | | | $ | (47,661) | | | Other comprehensive income (loss), net of tax: | | | | | | | Foreign currency translation adjustments | 23,438 | | | (38) | | | 23,400 | | | Total other comprehensive income (loss), net of tax | 13,088 | | | (38) | | | 13,050 | | | Comprehensive income (loss) | $ | (27,368) | | | $ | (7,243) | | | $ | (34,611) | |
| | | | | | | | | | | | | | | | | | | Six months ended March 31, 2025 | | (unaudited) | As Previously Reported | | Adjustments | | As Revised | | Net loss | $ | (53,796) | | | $ | (4,857) | | | $ | (58,653) | | | Other comprehensive income (loss), net of tax: | | | | | | | Foreign currency translation adjustments | (23,860) | | | (63) | | | (23,923) | | | Total other comprehensive income (loss), net of tax | (28,685) | | | (63) | | | (28,748) | | | Comprehensive income (loss) | $ | (82,481) | | | $ | (4,920) | | | $ | (87,401) | |
The following table summarizes the impact of the revisions in the Condensed Consolidated Statement of Cash Flows for the interim period ended March 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | Six months ended March 31, 2025 | | As Previously Reported | | Adjustments | | As Revised | | Cash flows from operating activities | | | | | | | Net loss | $ | (53,796) | | | $ | (4,857) | | | $ | (58,653) | | | Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | Loss on assets held for sale | 24,187 | | | 7,661 | | | 31,848 | | | Deferred income taxes | (1,885) | | | (2,298) | | | (4,183) | | | Changes in operating assets and liabilities: | | | | | | | Inventories | (6,030) | | | 250 | | | (5,780) | | | Accounts Payable | 1,864 | | | 117 | | | 1,981 | | | Accrued compensation and tax withholdings | (2,379) | | | 423 | | | (1,956) | | | Other assets and liabilities | 12,752 | | | (1,295) | | | 11,457 | | | Net cash provided by operating activities | $ | 44,201 | | | $ | — | | | $ | 44,201 | | | | | | | |
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