| Schedule of Financial Information for the Company's One Reportable and Operating Segment |
The following table presents the financial information for the Company’s one reportable and operating segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Total revenue, net |
|
$ |
65,968 |
|
|
$ |
76,208 |
|
|
$ |
126,682 |
|
|
$ |
153,091 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Costs of product revenue |
|
|
5,579 |
|
|
|
10,505 |
|
|
|
9,209 |
|
|
|
22,477 |
|
Costs of franchise and service revenue |
|
|
4,198 |
|
|
|
3,955 |
|
|
|
7,460 |
|
|
|
8,052 |
|
Marketing and promotion |
|
|
2,266 |
|
|
|
1,205 |
|
|
|
3,760 |
|
|
|
2,566 |
|
Salary and wages |
|
|
9,281 |
|
|
|
10,555 |
|
|
|
19,250 |
|
|
|
22,027 |
|
Professional services (including legal and accounting) |
|
|
10,288 |
|
|
|
1,841 |
|
|
|
20,367 |
|
|
|
24,671 |
|
Rent and occupancy |
|
|
1,050 |
|
|
|
1,642 |
|
|
|
2,275 |
|
|
|
3,279 |
|
Marketing fund expense |
|
|
11,440 |
|
|
|
8,855 |
|
|
|
23,114 |
|
|
|
18,212 |
|
Acquisition and transaction expense (income) |
|
|
1,439 |
|
|
|
(1,915 |
) |
|
|
(1,748 |
) |
|
|
(10,553 |
) |
Other segment items(1) |
|
|
7,445 |
|
|
|
7,066 |
|
|
|
12,734 |
|
|
|
13,114 |
|
Equity-based compensation |
|
|
1,703 |
|
|
|
2,666 |
|
|
|
3,687 |
|
|
|
5,947 |
|
Depreciation and amortization |
|
|
1,765 |
|
|
|
2,973 |
|
|
|
4,017 |
|
|
|
5,929 |
|
Impairment of goodwill and other noncurrent assets |
|
|
— |
|
|
|
12,928 |
|
|
|
— |
|
|
|
14,843 |
|
Interest income |
|
|
(668 |
) |
|
|
(701 |
) |
|
|
(1,305 |
) |
|
|
(1,320 |
) |
Interest expense |
|
|
14,948 |
|
|
|
12,975 |
|
|
|
29,442 |
|
|
|
24,363 |
|
Income taxes |
|
|
65 |
|
|
|
312 |
|
|
|
71 |
|
|
|
797 |
|
Segment net income (loss) |
|
$ |
(4,831 |
) |
|
$ |
1,346 |
|
|
$ |
(5,651 |
) |
|
$ |
(1,313 |
) |
(1)
Other segment items include restructuring expenses (recovery) of $(91) and $674 for the three and six months ended June 30, 2026, respectively, and $907 and $1,058 for the three and six months ended June 30, 2025, respectively. Other segment items also include travel expenses, insurance expenses, TRA expenses, and other selling, general and administrative expenses.
|