v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations are managed and reported in two operating segments, each of which is a reportable segment for financial reporting purposes: (1) Home and Commercial Products and (2) Health. These segments are organized principally by product and service category. The Company’s reportable segments are determined based on (1) financial information reviewed by the chief operating decision maker “CODM”, (2) operational structure of the Company which is designed and managed to share resources across the entire suite of products offered by the business, and (3) the basis upon which the CODM makes resource allocation decisions. The CODM for both segments is the President and Chief Executive Officer of the Company. The CODM utilizes the segment operating profit (loss) to assess profitability and performance of actual results compared to forecasts.

The types of products and services from which each reportable segment derives its revenues are as follows:

Home and Commercial Products
Our Home and Commercial Products segment includes consumer product revenue, primarily concentrated in North America, consisting of sales of small electric household and specialty housewares appliances to traditional brick and mortar and ecommerce retailers, distributors and directly to the end consumer. Also included in this segment is commercial product revenue consisting of sales of products for restaurants, fast-food chains, bars and hotels. Approximately two-thirds of the Company’s commercial sales is in the U.S. and the remaining is in markets across the globe.

Health
Our Health segment includes lease revenue in the U.S. and globally associated with leases of connected devices to specialty pharmacy networks and pharmaceutical companies, as well as licensing revenue associated with agreements which grant customers the right to use software for healthcare management.
The table below presents the revenues and significant expenses of the two reportable segments along with a reconciliation of segment profit (loss) to consolidated income (loss) before income taxes. Total assets by segment are not reported as the CODM does not regularly review asset information by segment.

THREE MONTHS ENDED JUNE 30
20262025
Home and Commercial ProductsHealthTotalHome and Commercial ProductsHealthTotal
Revenue$140,172 $2,460 $142,632 $126,072 $1,698 $127,770 
Less:
Cost of sales64,579 557 65,136 92,149 490 92,639 
Selling, general and administrative expenses32,485 1,805 34,290 27,111 2,072 29,183 
Segment profit (loss)$43,108 $98 $43,206 $6,812 $(864)$5,948 
Reconciliation of segment profit or (loss)
Interest (income) expense, net(1,264)121 
Other (income) expense, net(160)(182)
Income (loss) before income taxes$44,630 $6,009 

SIX MONTHS ENDED JUNE 30
20262025
Home and Commercial ProductsHealthTotalHome and Commercial ProductsHealthTotal
Revenue$259,783 $4,812 $264,595 $257,900 $3,242 $261,142 
Less:
Cost of sales149,772 1,135 150,907 192,375 865 193,240 
Selling, general and administrative expenses62,028 3,486 65,514 55,528 4,113 59,641 
Segment profit (loss)$47,983 $191 $48,174 $9,997 $(1,736)$8,261 
Reconciliation of segment profit or (loss)
Interest (income) expense, net(1,342)49 
Other (income) expense, net(66)(331)
Income (loss) before income taxes$49,582 $8,543