Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations and Comprehensive Loss

v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue    
Total revenue $ 285,945,000 $ 286,087,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 128,012,000 126,161,000
Operating expenses    
Depreciation and amortization 54,891,000 56,218,000
Goodwill impairment 0 65,861,000
Total operating expenses 170,422,000 262,719,000
Operating loss (12,489,000) (102,793,000)
Other expense (income)    
Interest income (649,000) (1,120,000)
Change in fair value of warrant liabilities to affiliates 2,405,000 (4,040,000)
Loss on sale of assets 1,115,000 0
Other (income) expense, net (4,182,000) 1,864,000
Loss before income taxes (64,555,000) (152,013,000)
Income tax benefit (1,579,000) (5,937,000)
Net loss $ (62,976,000) $ (146,076,000)
Loss per share:    
Basic (in dollars per share) $ (3.19) $ (7.59)
Diluted (in dollars per share) $ (3.19) $ (7.59)
Weighted average shares outstanding:    
Basic (in shares) 19,715,898 19,246,799
Diluted (in shares) 19,715,898 19,246,799
Comprehensive loss    
Net loss $ (62,976,000) $ (146,076,000)
Other comprehensive loss:    
Foreign currency translation adjustment (3,105,000) 2,292,000
Comprehensive loss (66,081,000) (143,784,000)
Nonrelated Party    
Operating expenses    
Selling, general, and administrative expenses 115,531,000 140,016,000
Other expense (income)    
Interest expense, including amortization of deferred financing costs 28,133,000 30,066,000
Affiliate    
Operating expenses    
Selling, general, and administrative expenses 0 624,000
Other expense (income)    
Interest expense, including amortization of deferred financing costs 25,244,000 22,450,000
Services    
Revenue    
Total revenue 227,278,000 234,247,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 90,262,000 93,663,000
Products    
Revenue    
Total revenue 58,667,000 51,840,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 37,750,000 $ 32,498,000