Macroeconomic ConditionsChallenging macroeconomic conditions, especially outside the United States, led to a (40.0%) year-over-year decline in equipment sales.
Market UncertaintyOngoing tariff dynamics and uncertainty around the economy may require several more quarters of performance.
Revenue ImpactThe company plans to switch to a distributor model from a direct sales model during 2025, which is expected to have a $10-15 million negative impact on revenue.