Sep 14, 2026 earnings call — Sale of international business and portfolio focus
Announced definitive agreement to sell the international business for $323 million in cash.
Revenue $0.3B (est $0.3B) · EPS $-0.05 (est $-0.03)
Key quotes
"Earlier today, we announced that we reached a definitive agreement to sell our international business to a private equity firm, Aurelius, for $323 million in cash."
"Strong cash flow generation this quarter brought cash on hand to $58 million and net debt to $500 million, a reduction of $151 million, or approximately 25% since the beginning of the fiscal year."
"We have concrete action plans in place to enact $16 million of annual run rate cost improvement."