Financial LossNet loss was $30.4M, or ($3.52) per share, more than the estimated loss of $2.2M due to an asset impairment charge of $26.5M.
Resource AllocationOperations of Tissue Health Plus discontinued to improve operating efficiency and reallocate resources to the core surgical business.
Strategic RealignmentThe company announced that it had completed its previously announced evaluation of strategic alternatives for Tissue Health Plus (THP) and initiated a strategic realignment of its business, which involves discontinuing THP to improve operating efficiency.