Acquisition (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions Purchase Price Consideration

The purchase consideration to acquire APA consisted of the following:

Cash consideration paid	166,135
Earn-out	20,007
Purchase consideration	$	186,142

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the preliminary estimates of fair values of the assets acquired and liabilities assumed as of the Closing Date:

Preliminary fair value of net assets acquired and liabilities assumed:	Acquisition Date
Cash and cash equivalents	$	1,219
Accounts receivable	29,043
Inventories	25,467
Prepaid expenses and other	466
Property, plant and equipment	14,256
Other intangible assets	80,800
Other assets	27,050
Total assets acquired	$	178,301
Accounts payable	12,540
Deferred revenue	22,121
Other liabilities	4,079
Other long-term liabilities	26,330
Total liabilities assumed	$	65,070
Preliminary fair value of net assets acquired	113,231
Preliminary allocation to goodwill	$	72,911

Schedule of Purchase Price Allocation

The preliminary purchase price allocation includes $80.8 million of acquired identifiable intangible assets as follows:

	Estimated Fair Value (in USD)		Estimated Weighted Average Useful Life in Years
(in thousands, except useful lives)
Developed technology	$	21,800	5
Computer software and other	13,000		5
Customer relationships	34,000		5-9
Backlog	2,000		1
Trade name	10,000		10
Total	$	80,800

Schedule of Business Acquisition, Pro Forma Information

The unaudited pro forma financial information does not reflect any adjustments for anticipated expense savings resulting from the APA Acquisition and is not necessarily indicative of the operating results that would have actually occurred had the APA Acquisition been consummated on January 1, 2024. These results are prepared in accordance with U.S. GAAP.

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Revenue	$	30,793	$	41,438	$	97,814	$	96,048
Net loss	$	4,486	$	2,206	$	6,197	$	5,794
Pro forma adjustments (1)	$	6,620	$	6,998	$	19,860	$	21,823

(1) Pro forma adjustments represent incremental expenses, net of estimated taxes, resulting from the APA Acquisition, including Deferred Consideration expense, intangible asset amortization, and the impacts of lease re-measurements and increases to the fair value of inventories and property, plant and equipment.