SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 9. SEGMENT INFORMATION

Our results of operations for the years ended December 31, 2025 and 2024 represent a single operating and reporting segment referred to as Contract Manufacturing within the EMS industry. The Company operates in the Medical Device, Medical Imaging, Aerospace and Defense, and Industrial markets with over 50% of its net sales coming from the medical-related markets. We strategically direct production between our various manufacturing facilities based on a number of considerations to best meet our customers’ needs. Our plants generate net sales over several of the markets the Company serves. We share resources for sales, marketing, engineering, supply chain, information services, human resources, payroll, and all corporate accounting functions. Our chief operating decision maker (the “CODM”) is the Company’s President and Chief Executive Officer. The CODM regularly evaluates financial information on a consolidated basis to assess performance and allocate resources.

The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2025 and 2024:

	2025			2024
Net sales	$	118,365		$	128,133
Cost of goods sold		100,359			111,411
Gross profit		18,006			16,722
Operating expenses:
Selling		4,803			3,446
General and administrative		10,790			11,709
Research and development		1,172			1,191
Restructuring charges		266			571
Total operating expenses		17,031			16,917
Income (loss) from operations		975			(195	)
Other expense:
Interest expense		(964	)		(744	)
Income (loss) before income taxes		11			(939	)
Income tax expense		263			356
Net loss	$	(252	)	$	(1,295	)

The Company’s long-lived tangible assets, including the Company’s operating lease assets recognized on the consolidated balance sheets were geographically located as follows as of December 31:

	2025		2024
United States	$	8,876	$	10,429
Mexico		2,015		2,445
China		1,328		1,497
Total long-lived tangible assets	$	12,219	$	14,371

Export net from our U.S. domestic operations represent approximately 3.3% and 3.4% of consolidated net sales for the years ended December 31, 2025 and 2024, respectively. Net sales by our major EMS industry markets are as follows for the years ended December 31:

	2025		2024
Medical Device	$	31,930	$	34,636
Medical Imaging		39,999		37,492
Industrial		30,940		35,517
Aerospace and Defense		15,496		20,488
Total net sales	$	118,365	$	128,133