Total Revenue

Q1 2026 total revenue of USD 184.343 million "

Although detailed prior quarter revenue is not provided, the diversified geographic contributions—with the US generating USD 140.040 million, Europe USD 29.292 million, Canada USD 9.693 million, and Australia USD 5.318 million—indicate that while top‐line sales remain strong, revenue growth alone was insufficient to offset rising cost pressures. "

Operating Profit

Swing from a positive USD 20,130 thousand in Q4 2025 to a negative USD 19,872 thousand in Q1 2026 " "

The dramatic reversal of approximately USD 40 million in operating profit is driven by increased cost pressures and deteriorating operational efficiency in Q1 2026, contrasting with the previous quarter’s robust performance. This suggests adverse market conditions and higher operating expenses adversely impacting profitability. " "

Net Income

Decline from USD 14,755 thousand profit in Q4 2025 to a net loss of USD 14,330 thousand in Q1 2026 " "

The net income reversal of over USD 29 million reflects the combined effects of the operating loss, increased non-cash charges, and possibly higher interest and tax expenses. The deterioration in core operations from Q4 2025 to Q1 2026 is a key contributor to this significant shift. " "

Basic EPS

Change from 0.75 in Q4 2025 to –0.79 in Q1 2026 " "

The per-share performance swung from a positive 0.75 to a negative –0.79, mirroring the net income reversal. This substantial swing also reflects any changes in the weighted average shares outstanding and underscores how sharply operational and cost challenges hurt earnings on a per-share basis. " "

Net Cash from Operating Activities

Declined from USD 54,691 thousand in Q4 2025 to –USD 22,084 thousand in Q1 2026 " "

The net cash from operating activities deteriorated by approximately USD 76,775 thousand due to unfavorable shifts in operating assets and liabilities—including a reported $27.8 million adverse change—and the impact of operational losses. This indicates that despite earlier robust cash generation, Q1 2026 faced significant working capital and cash flow challenges. " "

Total Assets

Dropped from USD 634,881 thousand in Q4 2025 to USD 599,100 thousand in Q1 2026 " "

The decrease of roughly USD 35,781 thousand in total assets is largely due to a reduction in marketable securities, fixed asset depreciation, and other asset amortizations. This suggests liquidity pressures and ongoing asset write‐downs when compared to the prior period’s balance sheet. " "

Shareholders’ Equity

Fell from USD 328,977 thousand in Q4 2025 to USD 298,478 thousand in Q1 2026 " "

The decline of USD 30,499 thousand in shareholders’ equity is primarily driven by the significant net loss in Q1 2026 coupled with ongoing share repurchases. These combined factors reflect both deteriorating operational results and strategic capital allocation decisions relative to the previous period. " "