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v3.25.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
| Three Months Ended June 30, 2025
(in thousands) | Electronic Test |  | Environmental Technologies |  | Process Technologies |  | Corporate & Other |  | Consolidated
Revenue | $ | 13,733 |  |  | $ | 7,215 |  |  | $ | 7,182 |  |  | $ | — |  |  | $ | 28,130 |
Cost of revenue | 7,418 |  |  | 4,534 |  |  | 4,205 |  |  | — |  |  | 16,157 |
Other divisional costs | 4,755 |  |  | 2,070 |  |  | 2,578 |  |  | — |  |  | 9,403 |
Division operating income (loss) | 1,560 |  |  | 611 |  |  | 399 |  |  | — |  |  | 2,570 |
Acquired intangible amortization |  |  |  |  |  |  | 850 |  |  | 850 |
Restructuring costs |  |  |  |  |  |  | 216 |  |  | 216 |
Corporate expenses |  |  |  |  |  |  | 2,431 |  |  | 2,431 |
Operating (loss) income | 1,560 |  |  | 611 |  |  | 399 |  |  | (3,497) |  |  | (927) |
Interest expense |  |  |  |  |  |  | (119) |  |  | (119) |
Other income |  |  |  |  |  |  | 463 |  |  | 463 |
(Loss) earnings before income tax (benefit) expense | $ | 1,560 |  |  | $ | 611 |  |  | $ | 399 |  |  | $ | (3,153) |  |  | $ | (583) |
Supplemental Disclosures: |  |  |  |  |  |  |  |  |
Depreciation | $ | 152 |  |  | $ | 62 |  |  | $ | 61 |  |  | $ | 39 |  |  | $ | 314 |
Stock-based compensation | 86 |  |  | 81 |  |  | 68 |  |  | 200 |  |  | 435 |
Capital expenditures | 63 |  |  | 24 |  |  | 9 |  |  | 366 |  |  | 462 |
Total assets | $ | 76,259 |  |  | $ | 21,944 |  |  | $ | 49,975 |  |  | $ | 1,475 |  |  | $ | 149,653 |
| Three Months Ended June 30, 2024
(in thousands) | Electronic Test |  | Environmental Technologies |  | Process Technologies |  | Corporate & Other |  | Consolidated
Revenue | $ | 16,159 |  |  | $ | 8,273 |  |  | $ | 9,559 |  |  | $ | — |  |  | $ | 33,991 |
Cost of revenue | 9,462 |  |  | 5,016 |  |  | 5,716 |  |  | — |  |  | 20,194 |
Other divisional costs | 4,954 |  |  | 2,264 |  |  | 2,873 |  |  | — |  |  | 10,091 |
Division operating income (loss) | 1,743 |  |  | 993 |  |  | 970 |  |  | — |  |  | 3,706 |
Acquired intangible amortization |  |  |  |  |  |  | 897 |  |  | 897 |
Corporate expenses |  |  |  |  |  |  | 2,473 |  |  | 2,473 |
Operating income (loss) | 1,743 |  |  | 993 |  |  | 970 |  |  | (3,370) |  |  | 336 |
Interest expense |  |  |  |  |  |  | (253) |  |  | (253) |
Other income |  |  |  |  |  |  | 213 |  |  | 213 |
Earnings (loss) before income tax expense (benefit) | $ | 1,743 |  |  | $ | 993 |  |  | $ | 970 |  |  | $ | (3,410) |  |  | $ | 296 |
Supplemental Disclosures: |  |  |  |  |  |  |  |  |
Depreciation | $ | 154 |  |  | $ | 80 |  |  | $ | 100 |  |  | $ | 22 |  |  | $ | 356 |
Stock-based compensation | 53 |  |  | 48 |  |  | 52 |  |  | 411 |  |  | 564 |
Capital expenditures | 106 |  |  | 122 |  |  | 17 |  |  | 71 |  |  | 316 |
Total assets | $ | 81,668 |  |  | $ | 21,827 |  |  | $ | 55,460 |  |  | $ | 1,599 |  |  | $ | 160,554 |
Schedule of Revenue by Geographic Location | The following table provides information about our geographic areas of operation. Revenue is based on the location to which the goods are shipped.
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue: |  |  |  |  |  |  |  |
U.S. |  | $ | 12,372 |  |  | $ | 14,423 |  |  | $ | 25,038 |  |  | $ | 24,900 |
Foreign |  | 15,758 |  |  | 19,568 |  |  | 29,729 |  |  | 38,915 |
|  | $ | 28,130 |  |  | $ | 33,991 |  |  | $ | 54,767 |  |  | $ | 63,815 |
Schedule of Long-Lived Assets by Geographical Area |
(in thousands) |  | June 30, 2025 |  | December 31, 2024
Property and equipment: |  |  |  |
U.S. |  | $ | 2,113 |  |  | $ | 2,280 |
Foreign |  | 2,564 |  |  | 2,177 |
|  | $ | 4,677 |  |  | $ | 4,457 |

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