v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is organized and operates as one operating and reportable segment, which carries out business activities related to the design, development, manufacture and marketing of products and services for EBOS solutions and components. The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, reviews operating results including discrete financial information and profitability metrics at a consolidated entity level for purposes of making resource allocation decisions and for evaluating financial performance. This structure is reflected in our organizational and reporting model.
The accounting policies of the consolidated segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance of the Company and decides how to allocate resources based on income from operations and net income that is also reported on the consolidated income statement. The CODM is involved in determining and reviewing projected net income and income from operations as part of the annual operating plan process. Throughout the year, the CODM considers forecast to actual results and variances on a monthly and quarterly basis to allocate resources for the Company.
The following table presents selected financial information with respect to the Company’s single operating segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$163,372 $110,841 $303,929 $191,202 
Cost of revenue113,847 69,639 213,394 121,860 
Gross profit49,52541,20290,53569,342
Operating expenses
General and administrative expenses28,46523,06459,47944,757
Depreciation and amortization2,3382,1404,6164,275
Total operating expenses30,80325,20464,09549,032
Income from operations18,72215,99826,44020,310
Non-operating income/(expense) (1)
(3,226)974(11,330)(1,323)
Income tax expense(3,358)(3,117)(3,269)(5,414)
Net income$12,138 $13,855 $11,841 $13,573 
(1) Consists of non-operating expenses included on the consolidated income statements which includes interest expense, interest income, litigation settlement expense, net of recoveries, foreign exchange gain/loss, and gain/loss on disposal of assets.
All of the Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Condensed Consolidated Balance Sheets are located within the United States.