Selling and marketing expenses for the three and six months ended June 30, 2026 decreased compared to the comparable periods in 2025 primarily due to lower payroll-related costs, trade show and travel and entertainment costs, which is attributed to reduced headcount in sales and marketing year over year.

filing / Aug 13, 2026 / receipt

The increases in gross profit margin were primarily attributable to cost savings and efficiencies achieved in procurement and production with the transition of production to our Thailand production facility, improved facility utilization, and the elimination of manufacturing production costs associated with our discontinued Singapore operation.

filing / Aug 13, 2026 / receipt

Restructuring and severance expenses for the three and six months ended June 30, 2026 decreased compared to the comparable periods in 2025 primarily due to severance costs of $312,000 and $334,000, respectively, and the impairments of an operating lease right-of-use asset of $108,000 and $346,000, respectively, associated with the shutdown related activities and vacated production space at our Singapore manufacturing

filing / Aug 13, 2026 / receipt

For the three and six months ended June 30, 2026 , restructuring and severance expenses consisted of severance costs of $ 34,000 and $ 56,000 , respectively, and restructuring costs of $ 25,000 , associated with shutdown related activities at the Company's Singapore manufacturing facility.

filing / Aug 13, 2026 / receipt

During the three months ended March 31, 2026 , restructuring and severance expenses consist of severance costs of $ 22,000 .

filing / May 14, 2026 / receipt

During the three months ended March 31, 2025, restructuring expenses included the impairment of an operating lease right-of-use asset of $ 238,000 associated with the vacated production space at the Company's Singapore manufacturing facility, and the remaining restructuring expense related to severance costs.

filing / May 14, 2026 / receipt

The increase in gross profit margin was primarily attributable to cost savings and efficiencies achieved in procurement and production with the transition of production to our Thailand production facility, improved facility utilization, and the elimination of manufacturing production costs associated with our discontinued Singapore operation.

filing / May 14, 2026 / receipt

Create significant business expansion and capability growth through M&A to achieve long term success

ir_statement / Sep 16, 2026 / receipt

Executing targeted cost reduction initiatives on key strategic products

ir_statement / Sep 16, 2026 / receipt

Shifting to make-to-forecast model for key customers and implementing Sales and Operations Planning process to better align inventory with customer demand and reduce lead times

ir_statement / Sep 16, 2026 / receipt

Create significant business expansion and capability growth through M&A for long-term success

ir_statement / Sep 16, 2026 / receipt

Focus on expanding the business through strategic M&A

ir_statement / Sep 16, 2026 / receipt