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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

 

NOTE 12: SEGMENT INFORMATION

 

The Company operates as a single operating segment, as an energy services company that provides equipment and support services to the world’s energy and offshore industries. The Company’s chief operating decision maker (“CODM”) is its CEO, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net income to monitor budget versus actual results in assessing segment performance and the allocation of resources. Significant segment expenses are presented in the Company’s consolidated statements of operations.

                    
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Revenues  $9,229   $5,183   $17,404   $10,433 
Share-based compensation and other personnel costs   4,359    2,355    8,132    5,120 
Materials   421    793    1,552    1,427 
Depreciation and amortization   181    156    359    303 
Other cost of sales and selling, general and administrative expenses   3,598    1,517    6,420    3,189 
Provision for income tax   22    8    51    15 
Interest and other expense (income), net   (4)   293    (3)    (347)
Net income  $652   $61   $893   $32 

 

The CODM regularly reviews asset information by consolidated assets since we only have one reportable segment.