XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net Revenue $ 120,630 $ 97,156 $ 313,216 $ 257,986
Expenses:        
Cost of revenue 50,986 26,801 122,468 73,883
Direct operating expenses (including related parties of $1,234, $2,612, $3,684 and $5,573) (including non-cash stock-based compensation of $1,076, $2,128, $3,164 and $5,011) 41,247 35,617 114,461 99,174
Selling, general and administrative expenses 19,028 17,112 50,987 45,809
Corporate expenses (including non-cash stock-based compensation of $1,728, $1,560, $4,938 and $7,956) 6,340 6,930 20,503 29,989
Depreciation and amortization (including related parties of $232, $232, $696 and $696) 3,130 3,882 9,634 13,049
Change in fair value of contingent consideration 0 (650) 0 (630)
Impairment charge 5,705 0 29,378 0
Loss on lease abandonment 0 0 25,191 0
Restructuring costs 3,188 0 3,188 0
Foreign currency (gain) loss 92 (121) 110 120
Operating income (loss) (9,086) 7,585 (62,704) (3,408)
Interest expense (3,803) (4,087) (11,503) (12,648)
Interest income 574 646 1,798 1,801
Dividend income 1 0 2 10
Realized gain (loss) on marketable securities 2 (1) 6 (110)
Gain (loss) on debt extinguishment (176) 0 (214) (91)
Income (loss) from continuing operations before income taxes (12,488) 4,143 (72,615) (14,446)
Income tax benefit (expense) 2,829 (14,984) 11,681 (173)
Net income (loss) from continuing operations (9,659) (10,841) (60,934) (14,619)
Net income (loss) from discontinued operations, net of tax 0 (1,139) (28) (77,931)
Net income (loss) attributable to common stockholders $ (9,659) $ (11,980) $ (60,962) $ (92,550)
Basic and diluted earnings per share:        
Net income (loss) per share from continuing operations, basic $ (0.11) $ (0.12) $ (0.67) $ (0.16)
Net income (loss) per share from continuing operations, diluted (0.11) (0.12) (0.67) (0.16)
Net income (loss) per share from discontinued operations, basic 0 (0.01) (0) (0.87)
Net income (loss) per share from discontinued operations, diluted 0 (0.01) (0) (0.87)
Net income (loss) per share attributable to common stockholders, basic (0.11) (0.13) (0.67) (1.03)
Net income (loss) per share attributable to common stockholders, diluted (0.11) (0.13) (0.67) (1.03)
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.15
Weighted average common shares outstanding, basic 90,976,288 89,987,110 90,976,288 89,776,075
Weighted average common shares outstanding, diluted 90,976,288 89,987,110 90,976,288 89,776,075