v3.26.3
Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Segments
The following tables reflect the results of operations from our business segments for the periods indicated below (in thousands):
Three Months Ended June 30, 2026
UASADS Unallocated
Costs 		Total
Revenue$32,449 $— $— $32,449 
Less:
Cost of revenue26,806 — — 26,806 
Research and development61 516 — 577 
Sales and marketing (1)1,584 22 285 1,891 
General and administrative (2)1,840 362 5,920 8,122 
Segment Adjusted EBITDA$2,158 $(900)$(6,205)(4,947)
Reconciling items to consolidated loss from continuing operations before income taxes
Depreciation and amortization(271)
Interest expense, net(148)
Merger and acquisition transaction costs(90)
Stock-based compensation expense(3,774)
Change in fair value of warrant liability8,413 
Other(33)
Consolidated loss from continuing operations before income taxes$(850)
(1) The difference between this significant segment expense and “Sales and marketing” within the Company’s Consolidated Statements of Operations relates to stock-based compensation ($0.08 million).
(2) The difference between this significant segment expense and “General and administrative” within the Company’s Consolidated Statements of Operations relates to stock-based compensation ($3.7 million) and depreciation ($0.04 million).
Six Months Ended June 30, 2026
UASADSUnallocated
Costs		Total
Revenue$60,145 $— $— $60,145 
Cost of revenue49,356 — — 49,356 
Research and development (1)108 1,408 — 1,516 
Sales and marketing (2)3,010 31 799 3,840 
General and administrative (3)3,707 725 11,384 15,816 
Segment Adjusted EBITDA$3,964 $(2,164)$(12,183)(10,383)
Reconciling items to consolidated loss from continuing operations before income taxes
Depreciation and amortization(550)
Interest expense, net(302)
Merger and acquisition transaction costs(90)
Stock-based compensation expense(8,449)
Change in fair value of warrant liability(13,034)
Other212 
Consolidated loss from continuing operations before income taxes$(32,596)
(1) The difference between this significant segment expense and “Research and development” within the Company’s Consolidated Statements of Operations relates to stock-based compensation ($0.3 million).
(2) The difference between this significant segment expense and “Sales and marketing” within the Company’s Consolidated Statements of Operations relates to stock-based compensation ($0.5 million).
(3) The difference between this significant segment expense and “General and administrative” within the Company’s Consolidated Statements of Operations relates to stock-based compensation ($7.7 million) and depreciation ($0.09 million).
Three Months Ended June 30, 2025
Commercial
Aviation 		Unallocated
Costs 		Total
Operating expenses
Research and development$1,380 $— $1,380 
Sales and marketing280 654 934 
General and administrative(1)
138 3,336 3,474 
Other expenses(2)
8 — 8 
Total operating expenses1,806 3,990 5,796 
Loss from operations(1,806)(3,990)(5,796)
Other expense— (9,719)(9,719)
Net loss from continuing operations before income tax(1,806)(13,709)(15,515)
Income tax expense— (9)(9)
Net loss from continuing operations$(1,806)$(13,718)$(15,524)
Six Months Ended June 30, 2025
Commercial
Aviation		Unallocated
Costs		Total
Operating expenses
Research and development$2,504 $— $2,504 
Sales and marketing333 876 1,209 
General and administrative(1)
687 9,583 10,270 
Other expenses(2)
16 — 16 
Total operating expenses3,540 10,459 13,999 
Loss from operations(3,540)(10,459)(13,999)
Other expense— (12,214)(12,214)
Net loss from continuing operations before income tax(3,540)(22,673)(26,213)
Income tax benefit— 6 6 
Net loss from continuing operations$(3,540)$(22,667)$(26,207)
(1)Unallocated general and administrative costs primarily consist of stock compensation, personnel expenses, professional fees, and public company costs.
(2)Other expenses include amortization of intangibles.