|
Revenue
|
|
$83.1m
|
$100.1m
|
$85.0m
|
$65.5m
|
$85.2m
|
$106.3m
|
$0
|
$542k
|
$79.4m
|
|
Revenue, net
|
|
$83.1m
|
$100.1m
|
$85.0m
|
$65.5m
|
$85.2m
|
$106.3m
|
$113.3m
|
$101.2m
|
$79.4m
|
|
Cost of Goods Sold
|
|
$54.7m
|
$68.2m
|
$55.9m
|
$44.6m
|
$56.7m
|
$60.7m
|
—
|
$448k
|
$65.6m
|
|
Gross profit
|
|
$31.1m
|
$36.9m
|
$33.4m
|
$24.4m
|
$34.5m
|
$39.5m
|
$103.8m
|
$109.2m
|
$145.5m
|
|
Total operating expenses
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$70.3m
|
$73.2m
|
$95.4m
|
|
Operating income
|
|
$3.6m
|
$6.1m
|
$4.9m
|
($485k)
|
$3.7m
|
$17.3m
|
$39.2m
|
$40.3m
|
$53.6m
|
|
Net product sales ($33,528, $48,860 and $47,514 sold to related parties for the years ended December 31, 2025, 2024 and 2023)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$576.4m
|
$650.9m
|
$765.7m
|
|
Net gain on other sales
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$5.8m
|
$4.3m
|
$3.6m
|
|
Other income, net
|
|
$379k
|
$738k
|
$852k
|
$162k
|
$284k
|
$387k
|
$5.3m
|
$5.8m
|
$7.1m
|
|
Less: Income taxes
|
|
$1.4m
|
$3.3m
|
$2.6m
|
$791k
|
$1.9m
|
$1.4m
|
$5.1m
|
$5.9m
|
$11.6m
|
|
Add: Equity in earnings of affiliated companies
|
|
($417k)
|
$234k
|
—
|
—
|
—
|
—
|
($360k)
|
($340k)
|
$2.1m
|
|
Accretion to redemption value of redeemable non-controlling interests
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($30k)
|
($23k)
|
—
|
|
Depreciation and amortization
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$37k
|
$33k
|
—
|
|
Change in fair value of derivative liabilities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$649k
|
($7.4m)
|
—
|
|
Change in fair value of warrant liabilities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($16.4m)
|
$5.8m
|
—
|
|
Intangible asset impairment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$4.6m
|
$849k
|
$2.6m
|
|
Research, development and engineering
|
|
$2.7m
|
$2.9m
|
$3.1m
|
$3.3m
|
$6.0m
|
$6.4m
|
$7.3m
|
$4.2m
|
$2.6m
|
|
Loss (gain) on sale of fixed assets
|
|
—
|
—
|
—
|
—
|
—
|
($12.5m)
|
—
|
($2.2m)
|
$248k
|
|
Goodwill impairment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$6.4m
|
$20.4m
|
|
Interest income
|
|
—
|
—
|
—
|
—
|
$53k
|
$210k
|
$366k
|
$57k
|
$239k
|
|
Foreign currency (loss) gain
|
|
—
|
—
|
—
|
—
|
($389k)
|
$1.1m
|
($89k)
|
($345k)
|
$199k
|
|
Loss before income taxes
|
|
$3.6m
|
$9.9m
|
$5.8m
|
($3.1m)
|
$3.4m
|
$18.8m
|
($15.2m)
|
($7.5m)
|
($28.0m)
|
|
Loss on sale of subsidiary
|
|
—
|
—
|
$0
|
($2.8m)
|
$0
|
$0
|
—
|
—
|
—
|
|
Income (loss) from continuing operations, net of tax
|
|
$2.2m
|
$6.6m
|
$3.1m
|
($3.9m)
|
$1.5m
|
$17.4m
|
—
|
—
|
—
|
|
Loss from discontinued operations, net of tax
|
|
$5.9m
|
($1.3m)
|
($8.3m)
|
($11.8m)
|
—
|
—
|
—
|
—
|
—
|
|
Restructuring charges
|
|
$0
|
$897k
|
$1.1m
|
$217k
|
$86k
|
$0
|
$665k
|
$350k
|
$701k
|
|
Impairment charges
|
|
$0
|
$2.2m
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Gain on sale of other assets
|
|
$0
|
$2.9m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net loss attributable to non-controlling interest - discontinued operations
|
|
$1.0m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net income
|
|
$8.1m
|
$5.3m
|
($5.2m)
|
($15.7m)
|
$1.5m
|
$17.4m
|
$42.7m
|
$37.9m
|
$51.9m
|
|
Net income attributable to non-controlling interest
|
|
$1.0m
|
$0
|
—
|
—
|
—
|
—
|
$5.0m
|
$7.9m
|
$9.1m
|
|
Net income attributable to parent company's common shareholders
|
|
$9.1m
|
$5.3m
|
($5.2m)
|
($15.7m)
|
$1.5m
|
$17.4m
|
$37.7m
|
$30.0m
|
$42.8m
|
|
Basic (in dollars per share)
|
|
$0.68
|
$0.36
|
($0.36)
|
($1.11)
|
$0.11
|
$1.24
|
$1.42
|
$1.26
|
$1.72
|
|
Diluted (in dollars per share)
|
|
$0.68
|
$0.35
|
($0.36)
|
($1.11)
|
$0.11
|
$1.22
|
$1.42
|
$1.26
|
$1.72
|
|
Basic income (loss) per share from continuing operations
|
|
$0.16
|
$0.45
|
$0.22
|
($0.28)
|
$0.11
|
$1.24
|
—
|
—
|
—
|
|
Basic loss per share from discontinued operations
|
|
$0.52
|
($0.09)
|
($0.58)
|
($0.83)
|
—
|
—
|
—
|
—
|
—
|
|
Diluted income (loss) per share from continuing operations
|
|
$0.16
|
$0.44
|
$0.22
|
($0.28)
|
$0.11
|
$1.22
|
—
|
—
|
—
|
|
Diluted loss per share from discontinued operations
|
|
$0.52
|
($0.09)
|
($0.58)
|
($0.83)
|
—
|
—
|
—
|
—
|
—
|
|
Weighted average number of units, basic (in shares)
|
|
$13.4m
|
$14.8m
|
$14.2m
|
$14.2m
|
$14.2m
|
$14.0m
|
$188.6m
|
$312.3m
|
$14.3m
|
|
Weighted average number of units, diluted (in shares)
|
|
$13.5m
|
$15.1m
|
$14.3m
|
$14.2m
|
$14.3m
|
$14.2m
|
$188.6m
|
$312.3m
|
$14.3m
|
|
Cost of products sold ($34,038, $30,088 and $27,288 purchased from related parties for the years ended December 31, 2025, 2024 and 2023)
|
|
$52.0m
|
$63.1m
|
$51.7m
|
$41.0m
|
$50.7m
|
$66.8m
|
$472.6m
|
$541.8m
|
$620.3m
|
|
Selling expenses
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$15.6m
|
$17.9m
|
$20.7m
|
|
General and administrative expenses
|
|
$24.7m
|
$25.7m
|
$24.3m
|
$21.4m
|
$24.7m
|
$28.3m
|
$25.5m
|
$27.7m
|
$29.7m
|
|
Research and development expenses
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$29.2m
|
$27.6m
|
$45.1m
|
|
Interest expense
|
|
—
|
—
|
—
|
—
|
($239k)
|
($164k)
|
($1.0m)
|
($1.8m)
|
($1.7m)
|
|
Financial income/(expense), net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$4.7m
|
($87k)
|
$2.4m
|
|
Income before income tax expenses and equity in earnings of affiliated companies
|
|
$9.8m
|
$5.5m
|
—
|
—
|
—
|
—
|
$48.2m
|
$44.1m
|
$61.4m
|
|
Severance expense
|
|
$0
|
$897k
|
$1.1m
|
$217k
|
$86k
|
$0
|
$665k
|
$350k
|
$701k
|
|
Total other income (expense):
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($26.0m)
|
($14.1m)
|
—
|