v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues $ 17,912   $ 9,851   $ 54,611 $ 25,929
Operating expenses:            
Total operating expenses 15,304   8,717   38,925 20,496
General and administrative 3,652   2,331   6,593 4,325
Depreciation and amortization 1,985   1,174   3,982 2,445
Total operating costs 20,941   12,222   49,500 27,266
(Loss) income from operations (3,029)   (2,371)   5,111 (1,337)
Other income (expense):            
Interest income 32   35   41 39
Interest expense, including related party (426)   (58)   (927) (134)
Other (expense) income, net (2)   38   21 71
(Loss) income before income tax (3,425)   (2,356)   4,246 (1,361)
Income tax (expense) benefit (15)   7   (25) 4
Net (loss) income (3,440) $ 7,661 (2,349) $ 992 4,221 (1,357)
Other comprehensive income (loss):            
Net unrealized income (loss) on foreign currency translation 85   477   (101) 447
Comprehensive (loss) income $ (3,355)   $ (1,872)   $ 4,120 $ (910)
Basic net (loss) income per share of common stock (in dollars per share) $ (0.11)   $ (0.08)   $ 0.14 $ (0.04)
Diluted net (loss) income per share of common stock (in dollars per share) $ (0.11)   $ (0.08)   $ 0.14 $ (0.04)
Weighted average equivalent common shares outstanding (in shares) 31,052,871   30,986,929   31,052,855 30,985,212
Weighted average equivalent common shares outstanding - assuming dilution (in shares) 31,052,871   30,986,929   31,137,963 30,985,212
Fee Revenue            
Operating revenues $ 14,006   $ 8,735   $ 46,514 $ 23,994
Operating expenses:            
Total operating expenses 11,398   7,601   30,828 18,561
Reimbursable Revenue            
Operating revenues 3,906   1,116   8,097 1,935
Operating expenses:            
Total operating expenses $ 3,906   $ 1,116   $ 8,097 $ 1,935