v3.26.1
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment The following tables present a summary of the Company’s financial information by segment, including significant segment expenses,
and corporate operating expenses.
Three Months Ended June 30, 2026
Six Months Ended June 30, 2026
Desalination
Wastewater
Corporate
and Other
Total
Desalination
Wastewater
Corporate
and Other
Total
(In thousands)
Revenue
$11,483
$513
$
$11,996
$20,390
$1,114
$198
$21,702
Cost of revenue
2,781
258
3,039
7,723
628
60
8,411
Restructuring - inventory reserve
1,632
1,632
Gross profit (loss)
8,702
255
8,957
12,667
486
(1,494)
11,659
Operating expenses
General and administrative
1,025
872
4,904
6,801
1,781
1,853
9,622
13,256
Sales and marketing
2,453
1,209
674
4,336
4,938
2,372
2,145
9,455
Research and development
2,391
262
196
2,849
4,007
398
1,233
5,638
Restructuring charges
855
855
335
18
2,038
2,391
Impairment of goodwill
1,662
1,662
Total operating expenses
5,869
2,343
6,629
14,841
11,061
4,641
16,700
32,402
Operating income (loss)
$2,833
$(2,088)
$(6,629)
$(5,884)
$1,606
$(4,155)
$(18,194)
$(20,743)
Three Months Ended June 30, 2025
Six Months Ended June 30, 2025
Desalination
Wastewater
Corporate
and Other
Total
Desalination
Wastewater
Corporate
and Other
Total
(In thousands)
Revenue
$25,500
$2,339
$212
$28,051
$33,259
$2,644
$213
$36,116
Cost of revenue
9,259
667
171
10,097
12,641
846
217
13,704
Gross profit (loss)
16,241
1,672
41
17,954
20,618
1,798
(4)
22,412
Operating expenses
General and administrative
788
535
6,346
7,669
1,633
1,263
13,347
16,243
Sales and marketing
2,183
1,097
2,080
5,360
4,291
2,134
3,841
10,266
Research and development
1,370
234
1,847
3,451
2,219
563
3,670
6,452
Restructuring charges
107
103
329
539
Total operating expenses
4,341
1,866
10,273
16,480
8,250
4,063
21,187
33,500
Operating income (loss)
$11,900
$(194)
$(10,232)
$1,474
$12,368
$(2,265)
$(21,191)
$(11,088)