v3.26.1
Consolidated Statements of Operations and Net Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue $ 78,726 $ 35,673 $ 110,678 $ 53,211
Cost of goods sold   47,387   79,572
Gross profit (loss) 15,023 (12,393) (835) (27,581)
Selling, general, and administrative expenses        
Compensation expense 1,391 1,191 2,660 3,131
Other expense, net 1,562 868 4,307 1,651
Related party expense 127 169 258 330
Research and development expenses 692 933 1,532 2,324
Total operating expenses 3,772 3,161 8,757 7,436
Income (loss) from operations 11,251 (15,554) (9,592) (35,017)
Interest income 209 1,068 507 2,305
Interest expense (30) (26) (59) (62)
Other income 9 505 9 505
Other income, net 188 1,547 457 2,748
Income (loss) before taxes 11,439 (14,007) (9,135) (32,269)
Income tax provision 69 183 77 15
Net income (loss) $ 11,370 $ (14,190) $ (9,212) $ (32,284)
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.25 $ (0.32) $ (0.21) $ (0.74)
Diluted (in dollars per share) $ 0.25 $ (0.32) $ (0.21) $ (0.74)
Weighted average shares outstanding        
Basic (in shares) 44,029,003 43,803,243 44,027,914 43,803,243
Diluted (in shares) 44,039,829 43,803,243 44,027,914 43,803,243
Non-related Parties [Member]        
Revenue $ 78,726 $ 35,673 $ 110,627 $ 53,211
Non-related Parties [Member] | Excluding Shipping and Handling [Member]        
Cost of goods sold 62,620 47,387 109,632 79,572
Non-related Parties [Member] | Shipping and Handling [Member]        
Cost of goods sold 1,080 641 1,878 1,131
Related Parties [Member]        
Revenue 0 0 51
Related Parties [Member] | Excluding Shipping and Handling [Member]        
Cost of goods sold 3 1 3 3
Related Parties [Member] | Shipping and Handling [Member]        
Cost of goods sold $ 0 $ 37 $ 0 $ 86