v3.26.3
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 11,188 $ 16,963
Accounts receivable, net 60,443 76,797
Inventories 79,782 69,222
Prepaid expenses and other current assets 12,294 10,831
Total Current Assets 163,707 173,813
Property and equipment, net 3,095 2,995
Goodwill 50,428 50,428
Intangible assets, net 28,478 34,344
Other assets 6,056 7,474
Total Assets 251,764 269,054
Current Liabilities:    
Revolving credit facility   29,383
Accounts payable 53,910 24,934
Term Loan, current 4,250 8,571
Other current liabilities 26,442 24,789
Total Current Liabilities 84,602 87,677
Term Loan, non-current 75,663 46,339
Income tax payable 1,392 820
Other liabilities 3,754 5,720
Total Liabilities 165,411 140,556
Commitments and Contingencies
Stockholders’ Equity    
Common stock, $0.001 par value - 25,000,000 shares authorized; 17,940,196 and 19,185,869 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 18 19
Additional paid-in capital 205,483 229,189
Accumulated deficit (120,494) (102,363)
Accumulated other comprehensive income 1,346 1,653
Total Stockholders’ Equity 86,353 128,498
Total Liabilities and Stockholders’ Equity $ 251,764 $ 269,054