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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Assets Held for Sale [Abstract] |
Schedule of results from discontinued operations | The following table summarizes the results from discontinued operations, net of tax, for the three and nine months ended September 30, 2025 and 2024 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |  |  | September 30, 2025 |  |  | September 30, 2024 |
Net sales |  | $ | 7,233 |  |  | $ | 11,026 |  |  | $ | 24,519 |  |  | $ | 23,426 |
Cost of sales |  |  | 3,693 |  |  |  | 7,071 |  |  |  | 14,200 |  |  |  | 15,047 |
Gross profit |  |  | 3,540 |  |  |  | 3,955 |  |  |  | 10,319 |  |  |  | 8,379 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | (49 | ) |  |  | 2,570 |  |  |  | 1,535 |  |  |  | 6,748 |
Research and development expenses |  |  | 326 |  |  |  | 7,901 |  |  |  | 9,579 |  |  |  | 19,772 |
Early termination charges |  |  | — |  |  |  | — |  |  |  | 1,561 |  |  |  | — |
Impairment and other charges |  |  | 5,171 |  |  |  | — |  |  |  | 12,758 |  |  |  | — |
Total operating expenses |  |  | 5,448 |  |  |  | 10,471 |  |  |  | 25,433 |  |  |  | 26,520 |
Operating loss from discontinued operations |  |  | (1,908 | ) |  |  | (6,516 | ) |  |  | (15,114 | ) |  |  | (18,141 | )
Interest income |  |  | 0 |  |  |  | 112 |  |  |  | 215 |  |  |  | 278 |
Interest expense |  |  | (30 | ) |  |  | (102 | ) |  |  | (272 | ) |  |  | (223 | )
Foreign currency gain (loss), net |  |  | 132 |  |  |  | (181 | ) |  |  | (296 | ) |  |  | (104 | )
Other income, net |  |  | 58 |  |  |  | — |  |  |  | 202 |  |  |  | — |
Loss from discontinued operations before income tax expense (benefit), net |  |  | (1,748 | ) |  |  | (6,687 | ) |  |  | (15,265 | ) |  |  | (18,190 | )
Income tax expense (benefit), net |  |  | 733 |  |  |  | (991 | ) |  |  | 923 |  |  |  | 233 |
Loss from discontinued operations, net of tax |  | $ | (2,481 | ) |  | $ | (5,696 | ) |  | $ | (16,188 | ) |  | $ | (18,423 | )
Schedule Of Disposal Group Including Discontinued Operation Balance Sheet Disclosures | The following table presents the major classes of assets of the discontinued operations that were included in the consolidated balance sheets (in thousands):
|  | September 30, 2025 |  |  | December 31, 2024 |
Accounts receivable, net |  | $ | 4,765 |  |  | $ | 4,797 |
Inventories, net |  |  | 2,593 |  |  |  | 3,698 |
Schedule of cash flow information related to discontinued operation | The following table provides supplemental cash flows information related to discontinued operations (in thousands):
|  | Nine Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |
Significant non-cash operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 376 |  |  | $ | 1,183 |
Provision for severance benefits |  |  | (225 | ) |  |  | 979 |
Stock-based compensation |  |  | (353 | ) |  |  | 576 |
Impairment charges |  |  | 12,424 |  |  |  | — |
Investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | $ | (99 | ) |  | $ | (1,597 | )
Schedule Of Discontinued Operation Income Loss From Discontinued Operation Disclosures | The following table presents the revenue, gross profit and operating expenses related to the Company’s continuing involvement with the Discontinued Business for the periods presented (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2025 |
Net sales |  | $ | 7,233 |  |  | $ | 9,551 |
Gross profit |  |  | 3,540 |  |  |  | 4,473 |
Operating expenses |  |  | 342 |  |  |  | 485 |

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