Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 69,326 $ 139,608 $ 147,597 $ 262,414
Cost of sales and operating expenses:        
Total cost of sales 49,186 84,628 103,066 160,731
Gross profit 20,140 54,980 44,531 101,683
Selling, general, and administrative expenses 27,097 23,503 52,321 47,269
(Loss) income from operations (6,957) 31,477 (7,790) 54,414
Other income (expenses):        
Interest income (expense), net 381 (183) 1,428 (378)
Other income, net 138 116 371 481
Change in fair value of warrant liability 1,393 1,382 1,059 148
Total other income 1,912 1,315 2,858 251
(Loss) income before income tax provision (5,045) 32,792 (4,932) 54,665
Income tax benefit (expense) 2,357 (6,337) 2,249 (10,984)
Net (loss) income $ (2,688) $ 26,455 $ (2,683) $ 43,681
(Loss) earnings per share:        
(Loss) earnings per share - basic $ (0.05) $ 0.51 $ (0.05) $ 0.85
(Loss) earnings per share - diluted $ (0.08) $ 0.47 $ (0.07) $ 0.81
Weighted average shares outstanding:        
Weighted average shares outstanding - Basic 51,227,484 51,691,076 51,217,990 51,688,837
Weighted average shares outstanding - Diluted 51,404,653 53,882,242 51,417,889 53,911,280
Products        
Revenue:        
Total revenue $ 37,623 $ 108,622 $ 83,118 $ 200,990
Cost of sales and operating expenses:        
Total cost of sales 26,931 63,019 58,479 120,947
Leasing        
Revenue:        
Total revenue 3,286 7,355 8,908 15,556
Cost of sales and operating expenses:        
Total cost of sales 1,079 2,531 2,202 4,720
Services        
Revenue:        
Total revenue 28,417 23,631 55,571 45,868
Cost of sales and operating expenses:        
Total cost of sales $ 21,176 $ 19,078 $ 42,385 $ 35,064