Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 82,684 $ 92,484 $ 250,325 $ 240,081
Cost of sales and operating expenses:        
Total cost of sales 59,009 69,010 176,134 172,076
Gross profit 23,675 23,474 74,191 68,005
Selling, general, and administrative expenses 21,679 25,403 69,384 77,724
Income (loss) from operations 1,996 (1,929) 4,807 (9,719)
Other (expenses) income:        
Interest (expense) income, net (1,768) (250) (4,231) 1,178
Other income, net 128 127 399 498
Change in fair value of warrant liability 231 (55) 2,348 1,004
Total other (expenses) income (1,409) (178) (1,484) 2,680
Income (loss) before income tax provision 587 (2,107) 3,323 (7,039)
Income tax (expense) benefit (78) 1,959 (174) 4,208
Net income (loss) $ 509 $ (148) $ 3,149 $ (2,831)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.01 $ 0.00 $ 0.06 $ (0.06)
Diluted (in dollars per share) $ 0.01 $ 0.00 $ 0.06 $ (0.07)
Weighted average shares outstanding:        
Basic (in shares) 53,208,538 51,321,026 53,076,733 51,252,581
Diluted (in shares) 53,385,111 51,321,026 53,272,973 51,430,205
Product        
Revenue:        
Total revenue $ 47,719 $ 66,842 $ 152,627 $ 149,960
Cost of sales and operating expenses:        
Total cost of sales 31,680 48,697 99,830 107,176
Leasing        
Revenue:        
Total revenue 6,900 2,488 14,268 11,396
Cost of sales and operating expenses:        
Total cost of sales 2,424 1,051 5,511 3,253
Services        
Revenue:        
Total revenue 28,065 23,154 83,430 78,725
Cost of sales and operating expenses:        
Total cost of sales $ 24,905 $ 19,262 $ 70,793 $ 61,647