SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

SCHEDULE OF INFORMATION BY OPERATING SEGMENT

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


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

Revenues, net	$	14,437	$	15,318	$	234	$	(652)	$	29,337
Less (2)
Cost of sales	11,251		9,927		114		(490)		20,802
Segment gross profit	3,186		5,391		120		(162)		8,535

less (2)
General and administrative expenses	4,296		4,340		94		—		8,730
Depreciation and amortization	656		1,971		—		—		2,627
Research and development expenses	1,088		206		—		(172)		1,122
Interest expense	2,667		86		—		—		2,753
Income tax expense	(590)		329		—		—		(261)
Other segment items (3)	527		383		—		(1,162)		(252)
Net (Loss) Income	$	(5,458)	$	(1,924)	$	26	$	1,172	$	(6,184)


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

Revenues, net	$	40,110	$	43,399	$	826	$	(1,723)	$	82,612
Less (2)
Cost of sales	26,324		29,794		353		(1,227)		55,244
Segment gross profit	13,786		13,605		473		(496)		27,368

Less (2)
General and administrative expenses	15,624		11,374		291		—		27,289
Depreciation and amortization	1,975		5,706		—		—		7,681
Research and development expenses	3,128		596		—		(562)		3,162
Interest expense	7,507		304		—		—		7,811
Income tax expense (benefit)	(26)		(111)		—		—		(137)
Other segment items (3)	(518)		(2,240)		3		(1,537)		(4,292)
Net (Loss) Income	$	(13,904)	$	(2,024)	$	179	$	1,603	$	(14,146)

(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.

(3) Other Segment items for each reportable segment includes Other Expense, which consists of the effects of changes in the fair value of derivative liabilities and warrants.


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

Revenues, net	$	16,719	$	20,412	$	(215)	$	(627)	$	36,289
Less (2)
Cost of sales	10,480		14,120		(129)		(434)		24,037
Segment gross profit	6,239		6,292		(86)		(193)		12,252

Less (2)
General and administrative expenses	5,829		4,050		135		—		10,014
Depreciation and amortization	852		1,223		—		—		2,075
Research and development expenses	1,042		189		—		(209)		1,022
Interest expense	2,550		—		—		—		2,550
Income tax expense (benefit)	(39)		27		—		—		(12)
Other segment items (3)	57		(418)		(5)		30		(336)
Net (Loss) Income	$	(4,052)	$	1,221	$	(216)	$	(14)	$	(3,061)


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

Revenues, net	$	57,044	$	57,955	$	412	$	(3,514)	$	111,897
Less (2)
Cost of sales	34,856		40,108		222		(2,884)		72,302
Segment gross profit	22,188		17,847		190		(630)		39,595

Less (2)
General and administrative expenses	20,135		13,033		304		—		33,472
Depreciation and amortization	2,573		3,614		—		—		6,187
Research and development expenses	3,190		587		—		(599)		3,178
Interest expense	7,661		62		—		—		7,723
Income tax expense	560		207		—		—		767
Other segment items (3)	(135)		(71)		(7)		109		(104)
Net (Loss) Income	$	(11,796)	$	415	$	(107)	$	(140)	$	(11,628)

(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.

(3) Other Segment items for each reportable segment includes Other Expense, which consists of the effects of changes in the fair value of derivative liabilities.


	September 30, 2025		December 31, 2024
Identifiable Assets
Americas	$	48,135	$	50,318
EMEA	49,919		63,863
Rest of World	1,536		1,124
Total Identifiable Assets	$	99,590	$	115,305