v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Results by Reportable Segment The following table summarizes the operating results by reportable segment for the periods presented (dollars in thousands):
Three Months Ended June 30,
20262025
Laser ProductsAdvanced DevelopmentTotalLaser ProductsAdvanced DevelopmentTotal
Revenue$59,363 $23,228 $82,591 $40,824 $20,911 $61,735 
Cost of revenue(34,167)(21,482)(24,507)(18,173)
Segment gross profit$25,196 $1,746 $26,942 $16,317 $2,738 $19,055 
Segment gross margin42.4 %7.5 %40.0 %13.1 %
Other cost of revenue1,217 598 
Gross profit25,725 18,457 
Total operating expenses(29,292)(22,693)
Interest income2,474 1,108 
Interest expense(204)(388)
Other income, net33 (58)
Income (loss) before income taxes$(1,264)$(3,574)
Six Months Ended June 30,
20262025
Laser ProductsAdvanced DevelopmentTotalLaser ProductsAdvanced DevelopmentTotal
Revenue$117,565 $45,207 $162,772 $76,502 $36,901 $113,403 
Cost of revenue(66,387)(41,876)(47,661)(32,318)
Segment gross profit$51,178 $3,331 $54,509 $28,841 $4,583 $33,424 
Segment gross margin43.5 %7.4 %37.7 %12.4 %
Other cost of revenue2,271 1,168 
Gross profit52,238 32,256 
Total operating expenses(56,524)(46,102)
Interest income4,036 2,796 
Interest expense(504)(436)
Other income, net188 (44)
Income (loss) before income taxes$(566)$(11,530)