v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 10- SEGMENT INFORMATION

Our chief operating decision maker ("CODM"), who is our President and Chief Executive Officer, is responsible for reviewing segment performance and making decisions regarding resource allocation. Our CODM regularly reviews the results of our business through two reportable segments: Healthcare Solutions and Industrial Solutions, which are based on the industry verticals they serve. For Healthcare Solutions, those industry verticals include dental, medical devices, personalized health services and regenerative medicine. For Industrial Solutions, those industry verticals include aerospace, defense, transportation and general manufacturing.
The CODM evaluates each segment’s performance based on gross profit, which is also utilized in the annual budgeting and forecasting processes, as well as in quarterly reviews of budget-to-actual results and period-over-period variances. Internal segment reporting and discussions of results with our CODM are based on segment gross profit.
The CODM does not review disaggregated asset information on the basis of the Company's segments; therefore, such information is not presented.
Revenue, cost of sales and gross profit for each of our reportable segments were as follows:

Three Months Ended
(in thousands)March 31, 2026March 31, 2025
Revenue:
Healthcare Solutions$50,133 $41,316 
Industrial Solutions45,405 53,224 
Total revenue95,538 94,540 
Cost of sales:
Healthcare Solutions27,836 25,292 
Industrial Solutions33,359 36,559 
Total cost of sales61,195 61,851 
Gross profit:
Healthcare Solutions22,297 16,024 
Industrial Solutions12,046 16,665 
Total gross profit34,343 32,689 
Selling, general and administrative(31,348)(49,769)
Research and development(9,635)(19,683)
Foreign exchange gain, net2,638 1,139 
Interest income584 953 
Interest expense(2,164)(581)
Other income (loss), net3,528 (160)
Net loss before income taxes
$(2,054)$(35,412)

Depreciation and amortization included in the measurement of gross profit by segment were as follows:

Three Months Ended
(in thousands)March 31, 2026March 31, 2025
Depreciation and amortization:
Healthcare Solutions$1,439 $1,484 
Industrial Solutions$625 $622