Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenue $ 92,484 $ 50,999 $ 240,081 $ 313,413
Cost of sales and operating expenses:        
Total cost of sales 69,010 35,510 172,076 196,241
Gross profit 23,474 15,489 68,005 117,172
Selling, general, and administrative expenses 25,403 23,983 77,724 71,252
(Loss) income from operations (1,929) (8,494) (9,719) 45,920
Other income (expenses):        
Interest (expense) income, net (250) 393 1,178 15
Other income, net 127 45 498 526
Change in fair value of warrant liability (55) (2,029) 1,004 (1,881)
Total other (expenses) income (178) (1,591) 2,680 (1,340)
(Loss) income before income tax provision (2,107) (10,085) (7,039) 44,580
Income tax benefit (expense) 1,959 1,072 4,208 (9,912)
Net (loss) income $ (148) $ (9,013) $ (2,831) $ 34,668
EARNINGS PER SHARE        
(Loss) earnings per share - basic   $ (0.17) $ (0.06) $ 0.67
(Loss) earnings per share - diluted   $ (0.17) $ (0.07) $ 0.64
Weighted average shares outstanding:        
Weighted average shares outstanding - Basic 51,321,026 51,745,354 51,252,581 51,707,809
Weighted average shares outstanding - Diluted 51,321,026 51,745,354 51,430,205 54,036,402
Products        
Revenue:        
Total revenue $ 66,842 $ 16,823 $ 149,960 $ 217,813
Cost of sales and operating expenses:        
Total cost of sales 48,697 12,755 107,176 133,702
Leasing        
Revenue:        
Total revenue 2,488 7,786 11,396 23,342
Cost of sales and operating expenses:        
Total cost of sales 1,051 1,818 3,253 6,538
Services        
Revenue:        
Total revenue 23,154 26,390 78,725 72,258
Cost of sales and operating expenses:        
Total cost of sales $ 19,262 $ 20,937 $ 61,647 $ 56,001