v3.26.1
Segment reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment reporting [Abstract]  
Operating financial results of segment
The following table provides the operating financial results of our segment:


  
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
   
2026
    
2025
     2026
     2025  
   
(In thousands)
  
Revenues
  
$
13,948
    
$
13,798
     $ 28,363     $ 26,851  
                                 
Cost of materials sold
    
5,559
      
5,203
       10,691       10,167  
Compensation costs
    
5,105
      
5,486
       10,066       10,323  
Professional services
    
847
      
879
       1,662       1,851  
Occupancy costs
    
299
      
368
       685       732  
Marketing expenses
    
477
      
232
       640       476  
IT expenses
    
348
      
319
       693       648  
Severance expenses
    
–
      
1
       42       8  
Depreciation and amortization
    
138
      
171
       296       344  
Other segment expenses (1)
    
1,229
      
1,397
       2,871       2,575  
     
14,002
      
14,056
       27,646       27,124  
Operating (loss) income
    
(54
)
    
(258
)
     717       (273 )
                                 
Interest income
    
139
      
126
       284       233  
Interest expense
    
(80
)
    
(86
)
     (159 )     (171 )
Other, net
    
(25
)
    
115
       (73 )     178  
Income tax expense
    
(30
)
    
(40
)
     (53 )     (91 )
Net (loss) income
  
$
(50
)
  
$
(143
)
   $ 716     $ (124 )

(1)
Other segment expenses included in segment net income primarily include other cost of goods sold, other administrative costs and engineering costs.
Reconciliation of net income to EBITDA and adjusted EBITDA
A reconciliation of net income to EBITDA and adjusted EBITDA follows:


  
Three Months Ended
June 30,
     Six Months Ended
June 30,
  
(unaudited)  
2026
    
2025
     2026     2025  

 
(In thousands)
  
Net (loss) income
  
$
(50
)
  
$
(143
)
   $ 716     $ (124 )
Interest income, net
    
(59
)
    
(40
)
     (125 )     (62 )
Income tax expense (benefit)
    
30
      
40
       53       91  
Depreciation and amortization
    
138
      
171
       296       344  
EBITDA
    
59
      
28
       940       249  
                                 
Share-based compensation
    
455
      
450
       966       773  
                                 
Adjusted EBITDA
  
$
514
    
$
478
     $ 1,906     $ 1,022