CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue: | ||||
| Total Revenue | $ 148,660,000 | $ 123,574,000 | $ 269,699,000 | $ 226,118,000 |
| Cost of Revenue: | ||||
| Total Cost of Revenue | 87,242,000 | 74,498,000 | 160,338,000 | 138,142,000 |
| Gross Profit | 61,418,000 | 49,076,000 | 109,362,000 | 87,976,000 |
| Operating Expenses | ||||
| Depreciation | 1,107,000 | 822,000 | 1,930,000 | 1,659,000 |
| Amortization | 1,719,000 | 1,469,000 | 3,423,000 | 2,882,000 |
| Selling, General, and Administrative Expense | 55,263,000 | 47,326,000 | 108,277,000 | 93,115,000 |
| Goodwill Impairment | 0 | 3,845,000 | 0 | 6,826,000 |
| Loss on Disposition of Assets | 334,000 | 415,000 | 131,000 | 850,000 |
| Total Operating Expenses | 58,422,000 | 53,877,000 | 113,761,000 | 105,332,000 |
| Income (Loss) from Operations | 2,996,000 | (4,801,000) | (4,399,000) | (17,356,000) |
| Non-Operating Expenses (Income) | ||||
| Interest Expense, Net | 10,167,000 | 7,785,000 | 25,531,000 | 15,089,000 |
| Loss on the Conversion of SAFE Notes (Note 11) | 2,175,000 | 0 | 2,175,000 | 0 |
| Change in Fair Value of Warrant Liability | (380,000) | (109,000) | (421,000) | (434,000) |
| Change in Fair Value of Contingent Consideration | 889,000 | 437,000 | 886,000 | 260,000 |
| Other Non-Operating Expense (Income), Net | (103,000) | (169,000) | (399,000) | 1,682,000 |
| Total Non-Operating Expenses (Income), Net | (7,131,000) | 7,944,000 | 7,892,000 | 16,598,000 |
| Income (Loss) Before Income Taxes | 10,127,000 | (12,745,000) | (12,291,000) | (33,953,000) |
| Income Tax Expense | 601,000 | 109,000 | 960,000 | 290,000 |
| Net Income (Loss) | 9,526,000 | (12,854,000) | (13,251,000) | (34,243,000) |
| Net Income (Loss) Attributable to Noncontrolling Interests | 358,000 | (16,000) | 458,000 | (76,000) |
| Net Loss | 9,168,000 | (12,838,000) | (13,709,000) | (34,167,000) |
| Net Income (Loss) Attributable to Common Stockholders, Basic | 9,129,000 | (12,838,000) | (13,645,000) | (34,102,000) |
| Net Income (Loss) Attributable to Common Stockholders, Diluted | $ 9,129,000 | $ (12,838,000) | $ (13,645,000) | $ (34,102,000) |
| Basic Earnings (Loss) Per Share Attributable to Common Stockholders (in dollars per share) | $ 0.17 | $ (0.26) | $ (0.27) | $ (0.69) |
| Diluted Earnings (Loss) Per Share Attributable to Common Stockholders (in dollars per share) | $ 0.16 | $ (0.26) | $ (0.27) | $ (0.69) |
| Earnout Shares and Deferred Founder Shares | ||||
| Non-Operating Expenses (Income) | ||||
| Changes in Fair Value of derivative liability | $ (24,884,000) | $ 0 | $ (24,884,000) | $ 0 |
| Forward Purchase Agreement | ||||
| Non-Operating Expenses (Income) | ||||
| Changes in Fair Value of derivative liability | 5,003,000 | 0 | 5,003,000 | 0 |
| Products | ||||
| Revenue: | ||||
| Total Revenue | 112,545,000 | 85,249,000 | 202,086,000 | 156,172,000 |
| Cost of Revenue: | ||||
| Total Cost of Revenue | 67,143,000 | 52,173,000 | 122,453,000 | 96,827,000 |
| Services | ||||
| Revenue: | ||||
| Total Revenue | 36,116,000 | 38,325,000 | 67,613,000 | 69,946,000 |
| Cost of Revenue: | ||||
| Total Cost of Revenue | $ 20,099,000 | $ 22,326,000 | $ 37,885,000 | $ 41,314,000 |
| X | ||||||||||
- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in value of liability in contingent consideration arrangement in business combination, including, but not limited to, difference arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for inducement to convert debt instrument representing fair value of security and other consideration transferred in excess of fair value of security and other consideration issuable pursuant to conversion privilege provided in terms of existing instrument. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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