Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

The following tables reconcile segment revenues to consolidated loss before benefit (provision) for income taxes and share of net income from joint venture.


Three Months Ended June 30, 2025	Mobile Solutions		Power Solutions		Corporate and Eliminations		Total
Sales	$	63,391	$	44,641	(111)		$	107,921
Cost of sales	55,817		33,997		(115)		89,699
Selling, general, and administrative expense	3,785		2,387		5,923		12,095
Depreciation expense	4,294		804		414		5,512
Other segment items (1)	605		1,671		(197)		2,079
Segment income (loss) from operations	$	(1,110)	$	5,782	$	(6,136)	$	(1,464)
Interest expense							5,657
Loss on extinguishment of debt							3,007
Other income, net							(619)
Loss before benefit (provision) for income taxes and share of net income from joint venture							$	(9,509)


Three Months Ended June 30, 2024	Mobile Solutions		Power Solutions		Corporate and Eliminations		Total
Sales	$	72,855	$	50,151	(14)		$	122,992
Cost of sales	62,968		38,310		(21)		101,257
Selling, general, and administrative expense	4,190		3,604		5,717		13,511
Depreciation expense	6,870		1,078		357		8,305
Other segment items (1)	457		1,839		(230)		2,066
Segment income (loss) from operations	$	(1,630)	$	5,320	$	(5,837)	$	(2,147)
Interest expense							5,873
Other income, net							(3,461)
Loss before benefit (provision) for income taxes and share of net income from joint venture							$	(4,559)


Six Months Ended June 30, 2025	Mobile Solutions		Power Solutions		Corporate and Eliminations		Total
Sales	$	125,635	$	88,149	(175)		$	213,609
Cost of sales	112,267		69,265		(187)		181,345
Selling, general, and administrative expense	7,323		5,069		10,873		23,265
Depreciation expense	8,503		1,584		794		10,881
Other segment items (1)	1,339		3,426		(394)		4,371
Segment income (loss) from operations	$	(3,797)	$	8,805	$	(11,261)	$	(6,253)
Interest expense							10,851
Loss on extinguishment of debt							3,007
Other income, net							(2,788)
Loss before benefit (provision) for income taxes and share of net income from joint venture							$	(17,323)


Six Months Ended June 30, 2024	Mobile Solutions		Power Solutions		Corporate and Eliminations		Total
Sales	$	145,915	$	98,389	(114)		$	244,190
Cost of sales	126,055		76,420		(132)		202,343
Selling, general, and administrative expense	7,975		6,864		12,020		26,859
Depreciation expense	14,442		2,127		827		17,396
Other segment items (1)	1,216		3,679		(373)		4,522
Segment income (loss) from operations	$	(3,773)	$	9,299	$	(12,456)	$	(6,930)
Interest expense							11,239
Other expense, net							692
Loss before benefit (provision) for income taxes and share of net income from joint venture							$	(18,861)

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(1) Other segment items includes amortization expense and other operating expenses and income.

The following table presents capital expenditures and depreciation and amortization by reportable segment.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Capital expenditures:
Mobile Solutions	$	2,865	$	2,354	$	5,531	$	6,182
Power Solutions	338		1,041		1,212		2,036
Corporate	520		197		887		834
Total	$	3,723	$	3,592	$	7,630	$	9,052
Depreciation and amortization:
Mobile Solutions	$	5,133	$	7,710	$	10,180	$	16,119
Power Solutions	3,371		3,694		6,718		7,362
Corporate	414		357		794		827
Total	$	8,918	$	11,761	$	17,692	$	24,308

The following table summarizes total assets by reportable segment.


	June 30, 2025		December 31, 2024
Mobile Solutions (1)	$	297,796	$	294,204
Power Solutions	131,057		124,460
Corporate	31,907		38,229
Total	$	460,760	$	456,893