v3.26.1
Discontinued operations (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The Company recognized a gain on disposal of SAVSU, calculated as follows:
Cash proceeds received from Buyer$23,276 
Indemnity holdback2,500 
Net price adjustment(1)
219 
Costs to sell(1,509)
Retention bonus paid by Company(2)
(541)
Total proceeds23,945 
Less: SAVSU carrying basis as of October 6, 202513,621 
Net gain on disposal$10,324 
(1) As defined within the SAVSU Purchase Agreement, the final purchase price was subject to working capital adjustments upon the close of the disposal.
(2) As defined within the SAVSU Purchase Agreement, the Company agreed to provide a cash bonus to the divested employees with the condition that such employees remain with SAVSU for 90 days subsequent to the closing of the sale.
The table below summarizes the key components of loss from discontinued operations as follows:
(In thousands)Three Months Ended June 30, 2025
Revenue$1,983 
Cost of revenue1,387 
Gross profit596 
Operating expenses(1,114)
Other income, net1 
Loss before income taxes(517)
Income tax expense— 
(Loss) income from discontinued operations, net of income taxes$(517)
(In thousands)Six Months Ended June 30, 2025
Revenue$3,870 
Cost of revenue2,883 
Gross profit987 
Operating expenses(2,224)
Other income, net1 
Loss before income taxes(1,236)
Income tax expense— 
Loss from discontinued operations, net of income taxes$(1,236)
Below is a summary of incurred depreciation, amortization, interest expenses, capital expenditures, and other noncash related costs for discontinued operations.
(In thousands)Three Months Ended June 30, 2025
Depreciation$473 
Amortization$376 
Stock-based compensation$142 
Capital expenditures$269 
(In thousands)Six Months Ended June 30, 2025
Depreciation$971 
Amortization$753 
Stock-based compensation$314 
Interest expense, net$2 
Capital expenditures$519