v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2025
Mar. 31, 2024
Sep. 30, 2024
Operating Activities              
Net loss $ (31,812) $ 312 $ 970 $ (9,358) $ (31,500) $ (8,388)  
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization         1,573 1,572  
Write-down of inventory         6,618 940  
Goodwill impairment 20,353       20,353 6,370 $ 6,400
Intangible asset impairment         2,569 1,279  
Deferred income taxes           (22)  
Non-cash share-based compensation expense 300   300   623 667  
Loss (gain) on sale of fixed assets 205   (2,197)   229 (2,197)  
Provision for allowance for credit losses         63    
Changes in operating assets and liabilities:              
Accounts receivable         5,736 5,244  
Inventories         (556) 2,617  
Other assets         1,639 3,163  
Accounts payable         (253) (3,462)  
Accrued income taxes         (167) (42)  
Accrued and other liabilities         (1,093) (3,432)  
Contract liabilities         (2,757) 998  
Net cash provided by operating activities         3,077 5,307  
Investing Activities              
Purchases of property, plant and equipment         (152) (1,976)  
Proceeds from the sale of property, plant and equipment           2,700  
Net cash (used in) provided by investing activities         (152) 724  
Financing Activities              
Proceeds from the exercise of stock options         150 28  
Payments on long-term debt         (47) (6,413)  
Net cash provided by (used in) financing activities         103 (6,385)  
Effect of Exchange Rate Changes on Cash and Cash Equivalents         (688) 221  
Net Increase (Decrease) in Cash and Cash Equivalents         2,340 (133)  
Cash and Cash Equivalents, Beginning of Period   $ 11,086   $ 13,133 11,086 13,133 13,133
Cash and Cash Equivalents, End of Period $ 13,426   $ 13,000   13,426 13,000 $ 11,086
Supplemental Cash Flow Information:              
Income tax payments, net         884 323  
Interest paid         $ 11 $ 391  

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