| Summary of Revenue, Net Income and Significant Expenses |
The following table summarizes the Company’s revenue, net income and significant expenses:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(in thousands) |
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Revenue |
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$ |
115,097 |
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$ |
85,039 |
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$ |
215,221 |
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$ |
168,045 |
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Expenses and other items: |
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Cost of goods sold: |
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Labor |
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(28,463 |
) |
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(25,346 |
) |
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(56,140 |
) |
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(47,721 |
) |
Materials |
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(31,741 |
) |
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(19,163 |
) |
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(57,977 |
) |
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(44,716 |
) |
Overhead |
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(5,052 |
) |
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(3,950 |
) |
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(9,143 |
) |
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(8,090 |
) |
Depreciation and amortization |
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(2,820 |
) |
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(1,986 |
) |
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(5,489 |
) |
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(3,924 |
) |
Total cost of goods sold |
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(68,076 |
) |
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(50,445 |
) |
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(128,749 |
) |
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(104,451 |
) |
General and administrative expenses |
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(19,430 |
) |
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(9,993 |
) |
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(42,718 |
) |
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(20,082 |
) |
Depreciation and amortization not included in cost of goods sold |
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(7,487 |
) |
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(6,320 |
) |
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(13,687 |
) |
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(11,732 |
) |
Other income |
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|
380 |
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36 |
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|
300 |
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|
806 |
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Interest expense, net |
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(11,893 |
) |
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(13,401 |
) |
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(23,266 |
) |
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(25,461 |
) |
Income tax provision |
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(1,784 |
) |
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(312 |
) |
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(5,092 |
) |
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(399 |
) |
Net income |
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$ |
6,807 |
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$ |
4,604 |
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$ |
2,009 |
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$ |
6,726 |
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