Information about our Company’s operations by operating segment for the three and six months ended June 30, 2025 and 2024 is shown in the following tables (in thousands):


	For the three months ended June 30, 2025
	Americas		EMEA		Rest of World		Eliminations and Adjustments		Total

Revenues, net	$	15,785	$	15,378	$	275	$	(586)	$	30,852
Less (2)
Cost of sales	10,008		10,406		114		(466)		20,062
Segment gross profit	5,777		4,972		161		(120)		10,790

less (2)
General and administrative expenses	7,741		5,731		102		—		13,574
Interest expense	2,473		98		—		—		2,571
Income tax expense (benefit)	577		(303)		—		—		274
Other segment items (3)	1,401		(1,728)		3		(586)		(910)
Net (Loss) Income	$	(6,415)	$	1,174	$	56	$	466	$	(4,719)


	For the six months ended June 30, 2025
	Americas		EMEA		Rest of World		Eliminations and Adjustments		Total

Revenues, net	$	25,673	$	28,081	$	592	$	(1,071)	$	53,275
Less (2)
Cost of sales	15,073		19,867		239		(737)		34,442
Segment gross profit	10,600		8,214		353		(334)		18,833

Less (2)
General and administrative expenses	12,647		10,769		197		—		23,613
Interest expense	4,840		218		—		—		5,058
Income tax expense (benefit)	564		(440)		—		—		124
Other segment items (3)	995		(2,233)		3		(765)		(2,000)
Net (Loss) Income	$	(8,446)	$	(100)	$	153	$	431	$	(7,962)

(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.

Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.

Other Expense - consists of the effects of changes in the fair value of derivative liabilities and warrants.


	For the three months ended June 30, 2024
	Americas		EMEA		Rest of World		Eliminations and Adjustments		Total

Revenues, net	$	22,795	$	16,541	$	343	$	(1,165)	$	38,514
Less (2)
Cost of sales	13,575		11,151		161		(901)		23,986
Segment gross profit	9,220		5,390		182		(264)		14,528

Less (2)
General and administrative expenses	6,649		5,587		85		—		12,321
Interest expense	2,567		(1)		—		—		2,566
Income tax expense (benefit)	(121)		30		—		—		(91)
Other segment items (3)	1,005		402		(2)		(195)		1,210
Net (Loss) Income	$	(880)	$	(628)	$	99	$	(69)	$	(1,478)


	For the six months ended June 30, 2024
	Americas		EMEA		Rest of World		Eliminations and Adjustments		Total

Revenues, net	$	40,326	$	37,542	$	627	$	(2,887)	$	75,608
Less (2)
Cost of sales	24,376		25,988		351		(2,450)		48,265
Segment gross profit	15,950		11,554		276		(437)		27,343

Less (2)
General and administrative expenses	16,027		11,374		169		—		27,570
Interest expense	5,112		61		—		—		5,173
Income tax expense	599		180		—		—		779
Other segment items (3)	1,956		745		(2)		(311)		2,388
Net (Loss) Income	$	(7,744)	$	(806)	$	109	$	(126)	$	(8,567)

(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market.

(2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker.

Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications.


	June 30, 2025		December 31, 2024
Identifiable Assets
Americas	$	44,900	$	50,318
EMEA	52,894		63,863
Rest of World	1,407		1,124
Total Identifiable Assets	$	99,201	$	115,305