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Segment reporting (Tables)
 12 Months Ended
Dec. 31, 2024
Segment reporting [Abstract]  
Operating Financial Results of Segment
The following table provides the operating financial results of our segment:


   
December 31,
  
(In thousands)
  
2024
    
2023
  
Revenues
  
$
43,384
    
$
72,631
  
                 
Cost of materials sold
    
15,268
      
25,990
  
Compensation costs
    
18,323
      
20,004
  
Professional services
    
3,493
      
4,965
  
Occupancy costs
    
1,477
      
1,485
  
Marketing expenses
    
1,109
      
1,715
  
IT expenses
    
1,255
      
1,203
  
Severance expense
    
75
      
1,785
  
Depreciation and amortization
    
1,037
      
1,489
  
Other segment expenses(1)
    
4,973
      
8,289
  
     
(3,626
)
    
5,706
  
                 
Interest income
    
469
      
55
  
Interest expense
    
(322
)
    
(310
)
Other (expense) income
    
(89
)
    
452
  
Income tax benefit (expense)
    
(6,295
)
    
(1,155
)
Net (loss) income
  
$
(9,863
)
  
$
4,748
  



(1)
Other Segment expenses included in Segment net income primarily include other cost of goods sold, other administrative costs and engineering costs.
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
A reconciliation of net (loss) income to EBITDA and adjusted EBITDA follows:


   
Years Ended December 31,
  
(In thousands)
  
2024
    
2023
  
Net (loss) income
  
$
(9,863
)
  
$
4,748
  
Interest (income) expense, net
    
(147
)
    
255
  
Income tax expense
    
6,295
      
1,155
  
Depreciation and amortization
    
1,037
      
1,489
  
EBITDA
    
(2,678
)
    
7,647
  
                 
Share-based compensation
    
1,157
      
860
  
                 
Adjusted EBITDA(1)
  
$
(1,521
)
  
$
8,507
  



(1)
Adjusted EBITDA in 2023 includes a $1.5 million severance charge related to the resignation of the Company’s former Chief Executive Officer.