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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Revenue, cost of sales and gross profit for each of our reportable segments were as follows:

			Three Months Ended												Six Months Ended
(in thousands)			June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
Revenue:
Healthcare Solutions			$	45,020					$	48,900					$	86,336					$	94,313
Industrial Solutions			49,818						64,352						103,042						121,844
Total revenue			94,838						113,252						189,378						216,157
Cost of sales:
Healthcare Solutions			24,638						26,465						49,930						54,896
Industrial Solutions			34,050						39,689						70,609						73,241
Total cost of sales			58,688						66,154						120,539						128,137
Gross profit:
Healthcare Solutions			20,382						22,435						36,406						39,417
Industrial Solutions			15,768						24,663						32,433						48,603
Total gross profit			36,150						47,098						68,839						88,020
Selling, general and administrative			34,139						51,494						83,908						108,798
Research and development			17,361						22,016						37,044						45,496
Foreign exchange gain (loss), net			(1,591)						(723)						(452)						1,186
Interest income			1,717						1,452						2,670						4,250
Interest expense			(697)						(624)						(1,278)						(1,338)
Gain on disposition			125,681						—						125,681						—
Other income, net			7,020						384						6,860						21,770
Net income (loss) before income taxes			$	116,780					$	(25,923)					$	81,368					$	(40,406)

Depreciation and amortization included in the measurement of gross profit by segment were as follows:

			Three Months Ended												Six Months Ended
(in thousands)			June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
Depreciation and amortization:
Healthcare Solutions			$	1,201					$	1,365					$	2,685					$	2,720
Industrial Solutions			$	671					$	782					$	1,293					$	1,531

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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