v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Our business is organized into two reportable segments, Mobile Solutions and Power Solutions, based on the nature of the products manufactured. There have been no changes in the composition of our reportable segments from those described in our Annual Report on Form 10-K for the year ended 2025.

These reportable segments are considered our two operating segments as each has engaged in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the chief operating decision maker (“CODM”) reviews discrete financial information for purposes of allocating resources and assessing performance. The CODM, who is our President and Chief Executive Officer, uses segment operating income (loss) to evaluate the performance of our segments each quarter and for annual forecasting purposes. Segment operating income (loss) is used to make key operating decisions, such as the amount and timing of capital expenditures, plant optimization actions, and allocation of management resources. In addition to our two reportable segments, we report a Corporate category, which includes corporate costs and unallocated expenses. Accounting for transactions between segments are recorded at cost.

The following tables reconcile segment net sales to consolidated loss before provision for income taxes and share of net income from joint venture.
Three Months Ended June 30, 2026Mobile
Solutions		Power
Solutions		Corporate and EliminationsTotal
Net sales$66,590 $62,293 $(142)$128,741 
Cost of sales59,066 47,949 (152)106,863 
Selling, general, and administrative expense3,914 2,722 5,934 12,570 
Depreciation expense4,788 781 369 5,938 
Other segment items (1)769 1,792 (196)2,365 
Segment operating (loss) income$(1,947)$9,049 $(6,097)$1,005 
Interest expense5,720 
Other income, net(217)
Loss before provision for income taxes and share of net income from joint venture$(4,498)

Three Months Ended June 30, 2025Mobile
Solutions		Power
Solutions		Corporate and EliminationsTotal
Net sales$63,391 $44,641 $(111)$107,921 
Cost of sales55,817 33,997 (115)89,699 
Selling, general, and administrative expense3,785 2,387 5,923 12,095 
Depreciation expense4,294 804 414 5,512 
Other segment items (1)605 1,671 (197)2,079 
Segment operating (loss) income$(1,110)$5,782 $(6,136)$(1,464)
Interest expense5,657 
Loss on extinguishment of debt3,007 
Other income, net(619)
Loss before provision for income taxes and share of net income from joint venture$(9,509)
Six Months Ended June 30, 2026Mobile
Solutions		Power
Solutions		Corporate and EliminationsTotal
Net sales$129,703 $117,693 (203)$247,193 
Cost of sales114,699 91,418 (223)205,894 
Selling, general, and administrative expense8,050 5,765 12,049 25,864 
Depreciation expense9,451 1,581 741 11,773 
Other segment items (1)1,525 3,583 (393)4,715 
Segment operating (loss) income$(4,022)$15,346 $(12,377)$(1,053)
Interest expense11,489 
Other expense, net285 
Loss before provision for income taxes and share of net income from joint venture$(12,827)

Six Months Ended June 30, 2025Mobile
Solutions		Power
Solutions		Corporate and EliminationsTotal
Net sales$125,635 $88,149 (175)$213,609 
Cost of sales112,267 69,265 (187)181,345 
Selling, general, and administrative expense7,323 5,069 10,873 23,265 
Depreciation expense8,503 1,584 794 10,881 
Other segment items (1)1,339 3,426 (394)4,371 
Segment operating (loss) income$(3,797)$8,805 $(11,261)$(6,253)
Interest expense10,851 
Loss on extinguishment of debt3,007 
Other income, net(2,788)
Loss before provision for income taxes and share of net income from joint venture$(17,323)
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(1)    Other segment items includes amortization expense and other operating expenses and income.

The following table presents capital expenditures and depreciation and amortization by reportable segment.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Capital expenditures:
Mobile Solutions$4,013 $2,865 $6,924 $5,531 
Power Solutions848 338 1,050 1,212 
Corporate367 520 551 887 
Total$5,228 $3,723 $8,525 $7,630 
Depreciation and amortization:
Mobile Solutions$5,627 $5,133 $11,128 $10,180 
Power Solutions3,348 3,371 6,715 6,718 
Corporate369 414 741 794 
Total$9,344 $8,918 $18,584 $17,692 
The following table summarizes total assets by reportable segment.
June 30, 2026December 31, 2025
Mobile Solutions (1)$298,790 $287,974 
Power Solutions125,381 123,883 
Corporate24,448 28,927 
Total$448,619 $440,784 
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(1)     Total assets in Mobile Solutions includes $48.5 million and $42.5 million as of June 30, 2026 and December 31, 2025, respectively, related to our investment in a joint venture (see Note 7).