v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net sales $ 115,067 $ 95,655
Cost of sales 86,928 76,735
Gross profit 28,139 18,920
Selling, general, and administrative expense 23,387 21,488
Impairment charges [1] 0 1,224
Intangibles amortization 1,550 2,630
Income (loss) from operations 3,202 (6,422)
Interest expense, net (2,384) (3,524)
Debt modification expense (176) 0
Loss on extinguishment of debt (156) 0
Other income, net 4 3
Income (loss) before taxes 490 (9,943)
Income tax expense (benefit) 342 (1,591)
Net income (loss) $ 148 $ (8,352)
Weighted average number of common shares outstanding:    
Weighted average common shares outstanding, basic (in shares) 23,121,555 23,009,369
Diluted (in shares) 23,121,555 23,009,369
Earnings (loss) per common share:    
Earnings Per Share, Basic $ 0.01 $ (0.37)
Earnings Per Share, Diluted (0) (0.37)
Cash dividends declared and paid per share (in dollars per share) $ 0.3 $ 0.3
Comprehensive loss $ (303) $ (8,012)
[1] Reflects impairment charges taken on certain internally developed software in the three months ended March 31, 2024 .

Source