Revenue fell 17.1% to $320.1M; goodwill impairment and tax allowance drove Q2 EPS to $(5.14)

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  Q2 2026 revenue fell 17.1% YoY to $320.1M (vs 12% decline in Q2 2025), driven by macroeconomic challenges, Prysm iO product-transition friction, and sales-compensation-plan changes.

  MD&A: Revenue verify on EDGAR →
• high

  Q2 2026 EPS swung to $(5.14) from $0.43 in Q2 2025, driven by a $78.9M goodwill impairment on the manufacturing segment, a $167.5M U.S. deferred-tax valuation allowance, and operating loss of $59.3M.

  MD&A: Earnings per Share verify on EDGAR →
• high

  Company established $167.5M valuation allowance against U.S. deferred tax assets in Q2 2026, citing three-year cumulative U.S. losses from goodwill and intangible impairments; effective tax rate was (295.4)%.

  Notes: Income Taxes verify on EDGAR →