Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 77,101 $ 69,326 $ 167,641 $ 147,597
Cost of sales and operating expenses:        
Total cost of sales 55,381 49,186 117,125 103,066
Gross profit 21,720 20,140 50,516 44,531
Selling, general, and administrative expenses 23,572 27,097 47,705 52,321
(Loss) income from operations (1,852) (6,957) 2,811 (7,790)
Other (expenses) income:        
Interest (expense) income, net (1,528) 381 (2,463) 1,428
Other income, net 102 138 271 371
Change in fair value of warrant liability 138 1,393 2,117 1,059
Total other (expenses) income (1,288) 1,912 (75) 2,858
(Loss) income before income tax provision (3,140) (5,045) 2,736 (4,932)
Income tax (expense) benefit (497) 2,357 (96) 2,249
Net (loss) income $ (3,637) $ (2,688) $ 2,640 $ (2,683)
(Loss) earnings per share:        
Basic (in dollars per share) $ (0.07) $ (0.05) $ 0.05 $ (0.05)
Diluted (in dollars per share) $ (0.07) $ (0.08) $ 0.05 $ (0.07)
Weighted average shares outstanding:        
Basic (in shares) 53,029,359 51,227,484 53,010,425 51,217,990
Diluted (in shares) 53,029,359 51,404,653 53,111,439 51,417,889
Product        
Revenue:        
Total revenue $ 43,298 $ 37,623 $ 104,908 $ 83,118
Cost of sales and operating expenses:        
Total cost of sales 28,531 26,931 68,150 58,479
Leasing        
Revenue:        
Total revenue 4,286 3,286 7,368 8,908
Cost of sales and operating expenses:        
Total cost of sales 1,894 1,079 3,087 2,202
Services        
Revenue:        
Total revenue 29,517 28,417 55,365 55,571
Cost of sales and operating expenses:        
Total cost of sales $ 24,956 $ 21,176 $ 45,888 $ 42,385