v3.26.1
Segment, Geographic and Customer Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment, Geographic and Customer Information Segment, Geographic and Customer Information
The Company operates in one reportable segment related to the design, development, and sale of Precision Timing solutions to the global electronics industry.
The accounting policies of the Company’s single segment and key performance measures used by the Chief Executive Officer, who is the Chief Operating Decision Maker, to assess the performance of the Company are the same as those
described within Note 1 and Note 11 of the Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 11, 2026.
The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands)(in thousands)
Revenue$157,432 $69,494 $270,999 $129,808 
Less:
Product costs41,444 20,074 71,761 38,339 
Depreciation4,724 3,838 9,066 7,038 
Amortization5,751 3,579 11,501 7,158 
Other manufacturing overheads6,371 5,951 12,574 10,886 
Gross profit99,142 36,052 166,097 66,387 
Less:
Acquisition related costs8,509 1,872 16,129 3,433 
Interest income(12,545)(4,263)(19,854)(8,557)
Other segment items (a)
85,022 58,622 156,883 115,567 
Net income (loss)$18,156 $(20,179)$12,939 $(44,056)
(a)Other segment items include research and development expenses and selling, general and administrative expenses, primarily in the nature of nonmanufacturing expenses including salaries and stock-based compensation for employees, consulting expenses, depreciation and amortization expenses, interest expense, certain other expenses, and taxes.