XML 13 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net sales $ 45,946 $ 55,434 $ 138,290 $ 145,272
Cost of sales:        
Cost of sales 37,405 43,928 110,675 117,621
Gross profit 8,541 11,506 27,615 27,651
Operating expenses:        
Selling, general and administrative expenses 8,312 9,521 26,491 28,341
Research and development expenses 7,773 6,472 19,698 18,455
Early Termination And Other Charges 3,994 0 4,840 0
Total operating expenses 20,079 15,993 51,029 46,796
Operating loss (11,538) (4,487) (23,414) (19,145)
Interest income 1,255 1,939 4,117 6,214
Interest expense (469) (472) (1,265) (1,143)
Foreign currency gain (loss), net (4,280) 5,247 6,112 (3,388)
Other income (expense), net 253 (31) 284 121
Income (Loss) from continuing operations before income tax expense (benefit), net (14,779) 2,196 (14,166) (17,341)
Income tax expense (benefit), net (4,170) 6,117 (8,709) 2,267
Loss from continuing operations (10,609) (3,921) (5,457) (19,608)
Loss from discontinued operations, net of tax (2,481) (5,696) (16,188) (18,423)
Net loss $ (13,090) $ (9,617) $ (21,645) $ (38,031)
Basic loss per common share—        
Basic $ (0.36) $ (0.26) $ (0.6) $ (1)
Continuing operations (0.29) (0.11) (0.15) (0.52)
Discontinued operations (0.07) (0.15) (0.45) (0.48)
Diluted loss per common share—        
Diluted (0.36) (0.26) (0.6) (1)
Continuing operations (0.29) (0.11) (0.15) (0.52)
Discontinued operations $ (0.07) $ (0.15) $ (0.45) $ (0.48)
Weighted average number of shares—        
Basic 35,934,406 37,468,849 36,298,491 38,060,682
Diluted 35,934,406 37,468,849 36,298,491 38,060,682
Power Solutions Business [Member]        
Revenues:        
Net sales $ 45,946 $ 52,994 $ 138,290 $ 136,970
Cost of sales:        
Cost of sales 37,405 41,329 110,675 108,354
Gross profit 8,541 11,665 27,615 28,616
Fab 3 Foundry Services [Member]        
Revenues:        
Net sales 0 2,440 0 8,302
Cost of sales:        
Cost of sales 0 2,599 0 9,267
Gross profit $ 0 $ (159) $ 0 $ (965)