Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consisted of the following (in thousands, except useful lives):


	Estimated Useful Lives (Years)	September 30, 2025		December 31, 2024
Land	N/A	$	1,676	$	1,585
Buildings and land improvements	15-39	12,443		9,108
Manufacturing equipment	7	42,748		27,853
Furniture, fixtures and equipment	5-7	6,014		4,287
Vehicles	5	1,324		603
Hardware	3-5	4,669		3,603
Construction in progress	N/A	14,260		3,948
Total		83,134		50,987
Less: accumulated depreciation		(28,470)		(24,765)
Property, plant and equipment, net		$	54,664	$	26,222

Depreciation expense was $1.6 million and $1.3 million for the three months ended September 30, 2025 and 2024, respectively, of which $0.8 million and $0.7 million, respectively, was included in Cost of product and service revenue and $0.8 million and $0.6 million, respectively, was included in Depreciation and amortization on the accompanying condensed consolidated statements of operations.

Depreciation expense was $3.8 million and $3.3 million for the nine months ended September 30, 2025 and 2024, respectively, of which $2.0 million and $1.6 million, respectively, was included in Cost of product and service revenue and $1.8 million and $1.7 million, respectively, was included in Depreciation and amortization on the accompanying condensed consolidated statements of operations.