Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Summary of Segment Information
Summarized financial information for the Company’s reportable segments are presented and reconciled to consolidated financial information in the following tables (in thousands):
Three Months Ended March 31,
2024 2023
Net sales:
Fire safety
Products $ 23,992  $ 18,026 
Service and others 1,163  718 
Total fire safety 25,155  18,744 
Specialty products 33,889  25,114 
Total net sales $ 59,044  $ 43,858 
Segment Adjusted EBITDA:
Fire safety $ (241) $ (3,361)
Specialty products 12,377  6,477 
Total Segment Adjusted EBITDA 12,136  3,116 
Less:
Depreciation and amortization 16,412  16,087 
Interest and financing expense 10,648  10,146 
Founders advisory fees - related party 68,333  (24,236)
Non-recurring expenses 540  1,559 
Share-based compensation expense 1,742  (3,074)
Loss on contingent earn-out —  246 
Foreign currency loss (gain) 1,293  (721)
(Loss) income before income taxes $ (86,832) $ 3,109