v3.26.1
Segment Information
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

4. SEGMENT INFORMATION

 

The Company operates as a single reportable segment. The Company’s Chief Operating Decision Maker ("CODM"), its Chief Executive Officer, reviews financial information on a consolidated basis to make operating decisions, assess financial performance, and allocate resources.

 

In evaluating performance, the CODM primarily assesses operating income (loss) and net income (loss), as reported within the Condensed Consolidated Statements of Operations and regularly reviews certain significant expense categories, including royalty expense; license, participation and technology costs; other direct operation costs; compensation and related expenses; professional services; advertising and marketing; amortization; and other general and administrative. These expense categories are considered key factors in managing the business and guiding resource allocation decisions. This approach ensures that the Company’s financial reporting reflects the way management monitors expenses and overall financial performance.

 

The following table presents financial information with respect to the Company’s single operating segment:

 

 

 

For Three Months Ended,
June 30

 

 

 

2026

 

 

2025

 

Revenues

 

$

30,595

 

 

$

11,119

 

Less:

 

 

 

 

 

 

License, participation and technology costs

 

 

13,589

 

 

 

1,806

 

Compensation and related

 

 

6,186

 

 

 

5,060

 

Other direct operating costs

 

 

3,417

 

 

 

814

 

Royalty expense

 

 

2,930

 

 

 

2,187

 

Professional services

 

 

1,383

 

 

 

964

 

Advertising and marketing

 

 

1,000

 

 

 

463

 

Other general and administrative

 

 

3,049

 

 

 

2,465

 

Change in fair value of acquisition-related deferred consideration

 

 

2,000

 

 

 

—

 

Change in fair value of acquisition-related earnout consideration

 

 

(650

)

 

 

—

 

Depreciation and amortization

 

 

2,815

 

 

 

1,062

 

Total operating expenses

 

 

35,719

 

 

 

14,821

 

Operating loss

 

 

(5,124

)

 

 

(3,702

)

Interest (expense) income

 

 

(558

)

 

 

278

 

Other income (expense)

 

 

11

 

 

 

(78

)

Net loss before income taxes

 

 

(5,671

)

 

 

(3,502

)

Provision for income taxes

 

 

(19

)

 

 

(14

)

Net loss

 

$

(5,690

)

 

$

(3,516

)