Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Total revenue $ 65,776 $ 90,540
Cost of sales and operating expenses:    
Total cost of sales 47,811 61,744
Gross profit 17,965 28,796
Selling, general and administrative expenses 24,612 24,133
(Loss) income from operations (6,647) 4,663
Other income (expense):    
Interest expense, net (1,181) (935)
Other income, net 1,888 169
Change in fair value of warrant liability (57) 1,979
Total other income, net 650 1,213
(Loss) income before income tax provision (5,997) 5,876
Income tax benefit 720 401
Net (loss) income $ (5,277) $ 6,277
(Loss) earnings per share:    
Basic (in dollars per share) $ (0.1) $ 0.12
Diluted (in dollars per share) $ (0.1) $ 0.12
Weighted average shares outstanding:    
Basic (in shares) 52,338,258 52,991,506
Diluted (in shares) 52,338,258 53,247,979
Products    
Revenue:    
Total revenue $ 37,122 $ 61,610
Cost of sales and operating expenses:    
Total cost of sales 27,639 39,619
Leasing    
Revenue:    
Total revenue 7,501 3,082
Cost of sales and operating expenses:    
Total cost of sales 3,008 1,193
Services    
Revenue:    
Total revenue 21,153 25,848
Cost of sales and operating expenses:    
Total cost of sales $ 17,164 $ 20,932