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Segment information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Financial information by reportable segment as follows:
|  |  | Three months ended June 30, 2025
|  |  | High-Pressure Controls & Systems |  | Heavy-Duty OEM |  |  |  | Cespira |  | Total Segment
Revenue |  |  | $ | 2,896 |  |  | $ | 9,602 |  |  |  |  | $ | 12,020 |  |  | $ | 24,518 |
Cost of revenue |  |  | 2,791 |  |  | 8,865 |  |  |  |  | 13,946 |  |  | 25,602 |
Gross profit |  |  | 105 |  |  | 737 |  |  |  |  | (1,926) |  |  | (1,084) |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 1,635 |  |  | 22 |  |  |  |  | 1,888 |  |  | 3,545 |
General and administrative |  |  | 386 |  |  | 34 |  |  |  |  | 2,692 |  |  | 3,112 |
Sales and marketing |  |  | 23 |  |  | 3 |  |  |  |  | 322 |  |  | 348 |
Depreciation and amortization |  |  | 59 |  |  | — |  |  |  |  | 860 |  |  | 919 |
|  |  | 2,103 |  |  | 59 |  |  |  |  | 5,762 |  |  | 7,924 |
Add back: Depreciation and amortization 1 |  |  | 149 |  |  | — |  |  |  |  | 772 |  |  | 921 |
Segment EBITDA |  |  | $ | (1,849) |  |  | $ | 678 |  |  |  |  | $ | (6,916) |  |  | $ | (8,087) |
|  |  | Three months ended June 30, 2024
|  |  | High-Pressure Controls & Systems |  | Heavy-Duty OEM |  |  |  | Cespira |  | Total Segment
Revenue |  |  | $ | 3,562 |  |  | $ | 10,547 |  |  |  |  | $ | 4,059 |  |  | $ | 18,168 |
Cost of revenue |  |  | 2,453 |  |  | 9,297 |  |  |  |  | 3,901 |  |  | 15,651 |
Gross profit |  |  | 1,109 |  |  | 1,250 |  |  |  |  | 158 |  |  | 2,517 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 1,408 |  |  | 2,052 |  |  |  |  | 1,121 |  |  | 4,581 |
General and administrative |  |  | 303 |  |  | 1,156 |  |  |  |  | 715 |  |  | 2,174 |
Sales and marketing |  |  | 130 |  |  | 352 |  |  |  |  | 69 |  |  | 551 |
Depreciation and amortization |  |  | 43 |  |  | 4 |  |  |  |  | 265 |  |  | 312 |
|  |  | 1,884 |  |  | 3,564 |  |  |  |  | 2,170 |  |  | 7,618 |
Add back: Depreciation and amortization 1 |  |  | 118 |  |  | — |  |  |  |  | 505 |  |  | 623 |
Segment EBITDA |  |  | $ | (657) |  |  | $ | (2,314) |  |  |  |  | $ | (1,507) |  |  | $ | (4,478) |
16. Segment information (continued):
|  |  | Six months ended June 30, 2025
|  |  | High-Pressure Controls & Systems |  | Heavy-Duty OEM |  |  |  | Cespira |  | Total Segment
Revenue |  |  | $ | 4,786 |  |  | $ | 15,035 |  |  |  |  | $ | 28,819 |  |  | $ | 48,640 |
Cost of revenue |  |  | 4,168 |  |  | 13,276 |  |  |  |  | 30,230 |  |  | 47,674 |
Gross profit |  |  | 618 |  |  | 1,759 |  |  |  |  | (1,411) |  |  | 966 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 2,734 |  |  | 133 |  |  |  |  | 4,890 |  |  | 7,757 |
General and administrative |  |  | 705 |  |  | 99 |  |  |  |  | 5,419 |  |  | 6,223 |
Sales and marketing |  |  | 150 |  |  | 23 |  |  |  |  | 618 |  |  | 791 |
Depreciation and amortization |  |  | 115 |  |  | — |  |  |  |  | 1,590 |  |  | 1,705 |
|  |  | 3,704 |  |  | 255 |  |  |  |  | 12,517 |  |  | 16,476 |
Add back: Depreciation and amortization 1 |  |  | 289 |  |  | — |  |  |  |  | 2,392 |  |  | 2,681 |
Segment EBITDA |  |  | $ | (2,797) |  |  | $ | 1,504 |  |  |  |  | $ | (11,536) |  |  | $ | (12,829) |
|  |  | Six months ended June 30, 2024
|  |  | High-Pressure Controls & Systems |  | Heavy-Duty OEM |  |  |  | Cespira |  | Total Segment
Revenue |  |  | $ | 6,049 |  |  | $ | 22,488 |  |  |  |  | $ | 4,059 |  |  | $ | 32,596 |
Cost of revenue |  |  | 4,413 |  |  | 22,307 |  |  |  |  | 3,901 |  |  | 30,621 |
Gross profit |  |  | 1,636 |  |  | 181 |  |  |  |  | 158 |  |  | 1,975 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 2,951 |  |  | 4,858 |  |  |  |  | 1,121 |  |  | 8,930 |
General and administrative |  |  | 496 |  |  | 2,919 |  |  |  |  | 715 |  |  | 4,130 |
Sales and marketing |  |  | 362 |  |  | 849 |  |  |  |  | 69 |  |  | 1,280 |
Depreciation and amortization |  |  | 85 |  |  | 121 |  |  |  |  | 265 |  |  | 471 |
|  |  | 3,894 |  |  | 8,747 |  |  |  |  | 2,170 |  |  | 14,811 |
Add back: Depreciation and amortization 1 |  |  | 226 |  |  | 1,391 |  |  |  |  | 505 |  |  | 2,122 |
Segment EBITDA |  |  | $ | (2,032) |  |  | $ | (7,175) |  |  |  |  | $ | (1,507) |  |  | $ | (10,714) |
16. Segment information (continued): Reconciliations of reportable segment financial information to consolidated statement of operations:
| Three months ended June 30, 2025
| Total Segment |  | Less: Cespira |  | Add: Corporate & unallocated |  |  |  | Total Consolidated
Revenue | $ | 24,518 |  |  | $ | 12,020 |  |  | $ | — |  |  |  |  | $ | 12,498 |
Cost of revenue | 25,602 |  |  | 13,946 |  |  | — |  |  |  |  | 11,656 |
Gross profit | (1,084) |  |  | (1,926) |  |  | — |  |  |  |  | 842 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 3,545 |  |  | 1,888 |  |  | — |  |  |  |  | 1,657 |
General and administrative | 3,112 |  |  | 2,692 |  |  | 3,686 |  |  |  |  | 4,106 |
Sales and marketing | 348 |  |  | 322 |  |  | 264 |  |  |  |  | 290 |
Depreciation and amortization | 919 |  |  | 860 |  |  | 47 |  |  |  |  | 106 |
| 7,924 |  |  | 5,762 |  |  | 3,997 |  |  |  |  | 6,159 |
Equity income (loss) | — |  |  | — |  |  | (3,686) |  |  |  |  | (3,686) |
| Three months ended June 30, 2024
| Total Segment |  | Less: Cespira |  | Add: Corporate & unallocated |  |  |  | Total Consolidated
Revenue | $ | 18,168 |  |  | $ | 4,059 |  |  | $ | — |  |  |  |  | $ | 14,109 |
Cost of revenue | 15,651 |  |  | 3,901 |  |  | — |  |  |  |  | 11,750 |
Gross profit | 2,517 |  |  | 158 |  |  | — |  |  |  |  | 2,359 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 4,581 |  |  | 1,121 |  |  | — |  |  |  |  | 3,460 |
General and administrative | 2,174 |  |  | 715 |  |  | 4,261 |  |  |  |  | 5,720 |
Sales and marketing | 551 |  |  | 69 |  |  | 480 |  |  |  |  | 962 |
Depreciation and amortization | 312 |  |  | 265 |  |  | 51 |  |  |  |  | 98 |
| 7,618 |  |  | 2,170 |  |  | 4,792 |  |  |  |  | 10,240 |
Equity income (loss) | — |  |  | — |  |  | (1,102) |  |  |  |  | (1,102) |
| Six months ended June 30, 2025
| Total Segment |  | Less: Cespira |  | Add: Corporate & unallocated |  |  |  | Total Consolidated
Revenue | $ | 48,640 |  |  | $ | 28,819 |  |  | $ | — |  |  |  |  | $ | 19,821 |
Cost of revenue | 47,674 |  |  | 30,230 |  |  | — |  |  |  |  | 17,444 |
Gross profit | 966 |  |  | (1,411) |  |  | — |  |  |  |  | 2,377 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 7,757 |  |  | 4,890 |  |  | — |  |  |  |  | 2,867 |
General and administrative | 6,223 |  |  | 5,419 |  |  | 5,974 |  |  |  |  | 6,778 |
Sales and marketing | 791 |  |  | 618 |  |  | 560 |  |  |  |  | 733 |
Depreciation and amortization | 1,705 |  |  | 1,590 |  |  | 99 |  |  |  |  | 214 |
| 16,476 |  |  | 12,517 |  |  | 6,633 |  |  |  |  | 10,592 |
Equity income (loss) | — |  |  | — |  |  | (7,570) |  |  |  |  | (7,570) |
16. Segment information (continued):
| Six months ended June 30, 2024
| Total Segment |  | Less: Cespira |  | Add: Corporate & unallocated |  |  |  | Total Consolidated
Revenue | $ | 32,596 |  |  | $ | 4,059 |  |  | $ | — |  |  |  |  | $ | 28,537 |
Cost of revenue | 30,621 |  |  | 3,901 |  |  | — |  |  |  |  | 26,720 |
Gross profit | 1,975 |  |  | 158 |  |  | — |  |  |  |  | 1,817 |
Operating expenses: |  |  |  |  |  |  |  |  |
Research and development | 8,930 |  |  | 1,121 |  |  | — |  |  |  |  | 7,809 |
General and administrative | 4,130 |  |  | 715 |  |  | 9,500 |  |  |  |  | 12,915 |
Sales and marketing | 1,280 |  |  | 69 |  |  | 872 |  |  |  |  | 2,083 |
Depreciation and amortization | 471 |  |  | 265 |  |  | 250 |  |  |  |  | 456 |
| 14,811 |  |  | 2,170 |  |  | 10,622 |  |  |  |  | 23,263 |
Equity income (loss) | — |  |  | — |  |  | (1,102) |  |  |  |  | (1,102) |
Reconciliation of Segment EBITDA to Loss before income taxes |  | Three months ended June 30, |  | Six months ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Total Segment EBITDA |  | $ | (8,087) |  |  | $ | (4,478) |  |  | $ | (12,829) |  |  | $ | (10,714) |
Adjustments: |  |  |  |  |  |  |  |
Depreciation and amortization 1 |  | 196 |  |  | 169 |  |  | 388 |  |  | 1,867 |
Cespira's Segment EBITDA |  | (6,916) |  |  | (1,507) |  |  | (11,536) |  |  | (1,507) |
Loss on investments accounted for under the equity method (note 8) |  | 3,686 |  |  | 1,102 |  |  | 7,570 |  |  | 1,102 |
Corporate and unallocated operating expenses |  | 3,950 |  |  | 4,741 |  |  | 6,534 |  |  | 10,372 |
Foreign exchange (loss) gain |  | (4,224) |  |  | (141) |  |  | (5,427) |  |  | 1,795 |
Gain on deconsolidation |  | — |  |  | (13,266) |  |  | — |  |  | (13,266) |
Interest on long-term debt |  | 166 |  |  | 288 |  |  | 358 |  |  | 603 |
Interest and other income, net of bank charges |  | 147 |  |  | (95) |  |  | (502) |  |  | (21) |
Loss before income taxes in continuing operations |  | $ | (5,092) |  |  | $ | 4,231 |  |  | $ | (10,214) |  |  | $ | (11,659) |
1 Depreciation and amortization expenses used in computation for Segment EBITDA and reconciliation to consolidated loss before income taxes are included in cost of revenue and operating expenses on our statement of operations and comprehensive income (loss).
|  | Three months ended June 30, |  | Six months ended June 30,
Total additions to long-lived assets, excluding business combinations |  | 2025 |  | 2024 |  | 2025 |  | 2024
High-Pressure Controls & Systems |  | 821 |  |  | 991 |  |  | 1,379 |  |  | 1,437 |
Heavy-Duty OEM |  | — |  |  | 271 |  |  | — |  |  | 569 |
Corporate and unallocated |  | 1 |  |  | — |  |  | 16 |  |  | — |
Total consolidated |  | $ | 822 |  |  | $ | 1,262 |  |  | $ | 1,395 |  |  | $ | 2,006 |
Schedule of Geographical Revenue Information | Revenues are attributable to geographical regions based on the location of the Company’s customers and are presented as a percentage of the Company's continuing revenues, as follows:
|  | % of revenue
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Europe |  | 79 | % |  | 85 | % |  | 79 | % |  | 87 | %
Asia |  | 16 | % |  | 11 | % |  | 14 | % |  | 10 | %
Americas |  | 5 | % |  | 4 | % |  | 7 | % |  | 3 | %
Schedule of Allocation of the Total Assets | The measure of segment assets evaluated by the CODM are total assets as reported on the consolidated balance sheet. Total assets are allocated as follows:
|  | Total assets by segment
|  | June 30, 2025 |  | December 31, 2024
Light-Duty (Held-for-sale) |  | $ | 201,719 |  |  | $ | 207,893 |
High-Pressure Controls & Systems |  | 14,112 |  |  | 9,026 |
Heavy-Duty OEM |  | 12,429 |  |  | 9,138 |
Corporate |  | 43,794 |  |  | 65,564 |
Total consolidated assets |  | $ | 272,054 |  |  | $ | 291,621 |

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