Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.23.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Summary of Segment Information
Information related to net sales and Adjusted EBITDA for the Company’s operations are summarized below (in thousands):
Three Months Ended
March 31, 2023
Three Months Ended
March 31, 2022
Net sales:
Fire safety $ 18,744  $ 18,470 
Specialty products 25,114  39,288 
Total $ 43,858  $ 57,758 
Adjusted EBITDA:
Fire safety $ (3,361) $ (3,334)
Specialty products 6,477  15,311 
Total segment Adjusted EBITDA 3,116  11,977 
Less:
Depreciation and amortization 16,087  16,371 
Interest and financing expense 10,146  10,496 
Founders advisory fees - related party (24,236) (59,848)
Non-recurring expenses 1,559  1,476 
Share-based compensation expense (3,074) 4,963 
Non-cash purchase accounting impact —  6,122 
Loss on contingent earn-out 246  — 
Unrealized foreign currency (gain) loss (721) 880 
Income before income taxes $ 3,109  $ 31,517