v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are based on the internal reporting used by the Company’s CEO, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The CODM's primary profit measure for purposes of resource allocation and performance assessment is income (loss) from operations at the segment level. This measure is used to evaluate current-period performance, develop forecasts and budgets, and make decisions about capital and other resource allocations between segments. The Company’s reportable segments are based upon geographic region, consisting of the United States and Europe. The Corporate Unallocated category includes non-reportable segments, as well as research and development and general and administrative costs that the Company does not allocate directly to its operating segments.
Revenue in the United States and Europe is derived primarily from Injection Molding, CNC Machining, 3D Printing and Sheet Metal product lines. Injection Molding revenue consists of sales of custom injection molds and injection-molded parts. CNC Machining revenue consists of sales of CNC-machined and lathe-turned customer parts. 3D Printing revenue consists of sales of 3D-printed parts. Sheet Metal revenue consists of sales of fabricated sheet metal parts.
Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income (loss) from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments.
The following table summarizes selected financial information by reportable segments:
Three Months Ended June 30, 2026
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$122,759 $26,582 $— $149,341 
Segment expenses1
85,095 31,291 19,736 136,122 
Restructuring and transformation costs— 924 — 924 
Costs related to exit and disposal activities— 937 — 937 
Income (Loss) from Operations$37,664 $(6,570)$(19,736)$11,358 
Three Months Ended June 30, 2025
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$110,712 $24,351 $— $135,063 
Segment expenses1
83,025 29,170 17,750 129,945 
Costs related to exit and disposal activities— 149 — 149 
Income (Loss) from Operations$27,687 $(4,968)$(17,750)$4,969 
Six Months Ended June 30, 2026
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$234,886 $53,791 $— $288,677 
Segment expenses1
164,253 62,339 37,606 264,198 
Restructuring and transformation costs— 2,014 331 2,345 
Costs related to exit and disposal activities— 937 — 937 
Income (Loss) from Operations$70,633 $(11,499)$(37,937)$21,197 
Six Months Ended June 30, 2025
(in thousands)
United StatesEuropeCorporate UnallocatedTotal
Revenue$210,979 $50,289 $— $261,268 
Segment expenses1
157,795 58,970 34,893 251,658 
Costs related to exit and disposal activities— 110 — 110 
Income (Loss) from Operations$53,184 $(8,791)$(34,893)$9,500 
1 Segment expenses consist primarily of raw materials, equipment depreciation, employee compensation including benefits, commissions and stock-based compensation, facilities costs and overhead allocations associated with the manufacturing process for molds and custom parts, marketing programs such as electronic, print and pay-per-click advertising and trade shows and other related costs for our United States and Europe reportable segments. Segment expenses for our Corporate Unallocated reportable segment consist primarily of personnel and outside service costs related to the development of new processes and product lines, enhancements of existing product lines, software developed for internal use, maintenance of internally developed software, quality assurance and testing, employee
compensation including benefits and stock-based compensation, severance, professional service fees related to accounting, tax and legal, and other related overhead costs.
Total long-lived assets, expenditures for additions to long-lived assets, and depreciation and amortization expense were as follows:
(in thousands)June 30,
2026		December 31,
2025
Total long-lived assets:
United States$165,786 $170,228 
Europe42,543 45,033 
Total Long-lived Assets$208,329 $215,261 
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2026202520262025
Expenditures for additions to long-lived assets:
United States$5,658 $1,125 $8,859 $2,293 
Europe545 343 884 437 
Total expenditures for additions to long-lived assets$6,203 $1,468 $9,743 $2,730 
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2026202520262025
Depreciation and Amortization:
United States$6,698 $7,003 $13,309 $14,012 
Europe1,384 1,484 2,819 3,090 
Corporate Unallocated6 83 $33 $162 
Total depreciation and amortization$8,088 $8,570 $16,161 $17,264 
Revenue by product line for the three and six months ended June 30, 2026 and 2025 were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(dollars in thousands)2026202520262025
Revenue:
Injection Molding$53,625 $47,415 $104,693 $96,138 
CNC Machining70,360 61,945 133,605 114,788 
3D Printing20,667 21,215 41,132 41,409 
Sheet Metal4,462 4,303 8,813 8,514 
Other Revenue227 185 434 419 
Total revenue$149,341 $135,063 $288,677 $261,268