v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE        
Total revenue $ 26,054 $ 12,353 $ 48,085 $ 23,983
COST, EXPENSES AND GAINS        
Selling, general and administrative 4,232 4,958 7,828 9,074
Depreciation, depletion, amortization and accretion 4,634 2,827 8,104 4,910
Gains on disposal of assets, net (4,641) (1,077) (5,316) (4,549)
Impairment of long-lived assets 0 31,669 0 31,669
Total cost, expenses and gains, net 23,426 49,480 46,324 62,273
Operating income (loss) 2,628 (37,127) 1,761 (38,290)
OTHER INCOME (EXPENSE)        
Interest (expense) income, net (784) 298 (270) 383
(Loss) gain on marketable securities, net (1,116) 0 5,987 0
Other expense, net (73) (628) (682) (960)
Total other (expense) income, net (1,973) (330) 5,035 (577)
Net income (loss) from continuing operations before income taxes 655 (37,457) 6,796 (38,867)
Provision (benefit) for income taxes 1,853 (934) 3,309 (97)
Net income (loss) from continuing operations (1,198) (36,523) 3,487 (38,770)
Net income from discontinued operations, net of income taxes 438 45,371 940 47,081
Net (loss) income (760) 8,848 4,427 8,311
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustment (213) 478 (331) 497
Other comprehensive (loss) income (213) 478 (331) 497
Comprehensive (loss) income $ (973) $ 9,326 $ 4,096 $ 8,808
Net income (loss) per share from continuing operations, basic (in USD per share) $ (0.02) $ (0.76) $ 0.07 $ (0.80)
Net income (loss) per share from continuing operations, diluted (in USD per share) (0.02) (0.76) 0.07 (0.80)
Net income per share from discontinued operations, basic (in USD per share) 0.01 0.94 0.02 0.98
Net income per share from discontinued operations, diluted (in USD per share) 0.01 0.94 0.02 0.98
Net (loss) income per share, basic (in USD per share) (0.01) 0.18 0.09 0.18
Net (loss) income per share, diluted (in USD per share) $ (0.01) $ 0.18 $ 0.09 $ 0.18
Weighted average number of shares outstanding, basic (in shares) 48,164 48,225 48,247 48,188
Weighted average number of shares outstanding, diluted (in shares) 48,164 48,225 48,247 48,188
Nonrelated Party        
OTHER INCOME (EXPENSE)        
Interest (expense) income, net $ (784) $ 298 $ (270) $ 383
Services | Nonrelated Party        
REVENUE        
Total revenue 15,882 6,402 27,052 11,216
COST, EXPENSES AND GAINS        
Cost of revenue 9,488 5,744 15,742 10,239
Services | Related Parties        
REVENUE        
Total revenue 197 575 694 652
COST, EXPENSES AND GAINS        
Cost of revenue 0 96 0 192
Products        
REVENUE        
Total revenue 9,975 5,376 20,339 12,115
Products | Nonrelated Party        
COST, EXPENSES AND GAINS        
Cost of revenue $ 9,713 $ 5,263 $ 19,966 $ 10,738