v3.26.1
SEGMENTS
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
Information about our Company’s operations by operating segment is shown in the following tables (in thousands):

Year Ended
March 31, 2026
AmericasEMEARest of WorldEliminations and AdjustmentsTotal
Revenues, net$7,524 $15,161 $242 $(485)$22,442 
less (2)
Cost of sales5,930 9,807 113 (347)15,503 
Segment gross profit1,594 5,354 129 (138)6,939 
less (2)
General and administrative expenses3,882 4,379 90 — 8,351 
Depreciation and amortization635 1,921 — — 2,556 
Research and development expenses884 209 — (157)936 
Interest expense1,274 — — — 1,274 
Income tax expense(648)263 — — (385)
Other segment items (3)
22 598 — 112 732 
Net Loss$(4,455)$(2,016)$39 $(93)$(6,525)
(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.
(3) Other Segment items for reach reportable segment includes:
Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.
Other Expense - consists of interest expense associated with our debt financing arrangements, the effects of changes in the fair value of derivative liabilities and warrants.

Year Ended
March 31, 2025
AmericasEMEARest of WorldEliminations and AdjustmentsTotal
Revenues, net$9,888 $12,703 $317 $(485)$22,423 
less (2)
Cost of sales5,065 9,461 125 (271)14,380 
Segment gross profit4,823 3,242 192 (214)8,043 
less (2)
General and administrative expenses4,245 3,236 95 — 7,576 
Depreciation and amortization661 1,802 — — 2,463 
Research and development expenses940 188 — (216)912 
Interest expense2,367 120 — — 2,487 
Income tax expense(13)(137)— — (150)
Other segment items (3)
(1,346)(693)— 37 (2,002)
Net Loss$(2,031)$(1,274)$97 $(35)$(3,243)
(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.
(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.
(3) Other Segment items for reach reportable segment includes:
Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.
Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.
March 31,
2026		December 31,
2025
Identifiable Assets
Americas$37,189 $40,329 
EMEA52,223 55,833 
Rest of World1,256 1,381 
Total Identifiable Assets$90,668 $97,543