Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 139,608 $ 91,921 $ 262,414 $ 150,356
Cost of sales and operating expenses:        
Total cost of sales 84,628 61,183 160,731 99,783
Gross profit 54,980 30,738 101,683 50,573
Selling, general, and administrative expenses 23,503 16,966 47,269 30,276
Payroll support program proceeds   (8,405)   (14,768)
Income from operations 31,477 22,177 54,414 35,065
Other income (expenses):        
Interest expense, net (183) (251) (378) (509)
Other income, net 116 155 481 249
Change in fair value of warrant liability 1,382 (407) 148 (631)
Total other income (expenses) 1,315 (503) 251 (891)
Income before income tax provision 32,792 21,674 54,665 34,174
Income tax expense (6,337) (5,126) (10,984) (7,608)
Net income $ 26,455 $ 16,548 $ 43,681 $ 26,566
Earnings per share - basic        
Earnings per share - basic $ 0.51 $ 0.39 $ 0.85 $ 0.62
Earnings per share - diluted        
Earnings per share - diluted $ 0.47 $ 0.38 $ 0.81 $ 0.61
Product        
Revenue:        
Total revenue $ 108,622 $ 56,175 $ 200,990 $ 81,301
Cost of sales and operating expenses:        
Total cost of sales 63,019 40,387 120,947 54,193
Leasing        
Revenue:        
Total revenue 7,355 6,366 15,556 12,622
Cost of sales and operating expenses:        
Total cost of sales 2,531 2,464 4,720 5,231
Services        
Revenue:        
Total revenue 23,631 29,380 45,868 56,433
Cost of sales and operating expenses:        
Total cost of sales $ 19,078 $ 18,332 $ 35,064 $ 40,359