Revenue grew 8.5% to $403.6 million, driven by core healthcare demand.
Gross margin slipped to 62.1% due to tariffs and input cost inflation.
Definitive merger agreement with Danaher at $180 per share.
Completed sale of non-healthcare consumer business to Samsung/Harman.
The latest filing presents a company at a critical crossroads, balancing strong product demand against significant corporate turbulence. On one hand, the core healthcare business is thriving, with revenue growth and a successful pivot away from consumer electronics. On the other hand, the balance sheet is under pressure from rising debt and a cascade of legal challenges that threaten to erode the gains made by the operational turnaround. The overarching narrative for investors is now dominated by the Danaher merger. While the $180-per-share price tag provides a clear valuation target, the path to closing involves navigating a complex landscape of litigation and integration risks. The ability of the company to maintain its healthcare momentum while resolving its legacy legal disputes will determine whether the merger is a seamless transition or a fraught acquisition of a distressed asset.