| Summary of Net Sales by Product Category |
The table below summarizes net sales, cost of sales and gross margin by Med Tech and Med Device: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | Aug 31, 2026 | | Aug 31, 2025 | | | | | | | | | | | | | | Med Tech Net Sales | $ | 39,916 | | | $ | 35,261 | | | | | | | Med Tech Cost of Sales (exclusive of intangible amortization) | 13,492 | | | 13,339 | | | | | | | Gross Margin | 26,424 | | | 21,922 | | | | | | | Gross Margin % | 66.2 | % | | 62.2 | % | | | | | | | | | | | | | | Med Device Net Sales | $ | 40,999 | | | $ | 40,450 | | | | | | | Med Device Cost of Sales (exclusive of intangible amortization) | 19,383 | | | 20,515 | | | | | | | Gross Margin | 21,616 | | | 19,935 | | | | | | | Gross Margin % | 52.7 | % | | 49.3 | % | | | | | | | | | | | | | | Total Net Sales | $ | 80,915 | | | $ | 75,711 | | | | | | | Total Cost of Sales (exclusive of intangible amortization) | 32,875 | | | 33,854 | | | | | | | Gross Margin | 48,040 | | | 41,857 | | | | | | | Gross Margin % | 59.4 | % | | 55.3 | % | | | | | | | | | | | | | Operating Expenses(1) | $ | 55,342 | | | $ | 52,513 | | | | | | | | | | | | | | Other income (expense), net(2) | 6 | | | (182) | | | | | | | Loss before income tax benefit | (7,296) | | | (10,838) | | | | | |
(1) Operating expenses include Research and development, Sales and marketing, General and administrative, Amortization of intangibles and Acquisition, restructuring and other items, net. (2) Other income (expense), net includes interest income, interest expense, foreign currency impacts and bank fees.
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| Summary of Net Sales by Geographic Area |
The table below summarizes net sales by geographic area based on external customer location: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | Aug 31, 2026 | | Aug 31, 2025 | | | | | | Net Sales | | | | | | | | | United States | $ | 71,068 | | | $ | 66,456 | | | | | | | International | 9,847 | | | 9,255 | | | | | | | | | | | | | | | Total | $ | 80,915 | | | $ | 75,711 | | | | | |
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