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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues $ 9,851 $ 12,512 $ 25,929 $ 44,096
Operating expenses        
Total operating expenses 8,717 12,391 20,496 34,351
General and administrative 2,331 2,484 4,325 4,717
Depreciation and amortization 1,174 1,406 2,445 2,995
Total operating costs 12,222 16,281 27,266 42,063
(Loss) income from operations (2,371) (3,769) (1,337) 2,033
Other income (expense):        
Interest income 35 105 39 218
Interest expense (58) (39) (134) (85)
Other income (expense), net 38 26 71 205
(Loss) income before income tax (2,356) (3,677) (1,361) 2,371
Income tax benefit (expense) 7 131 4 (71)
Net (loss) income (2,349) (3,546) (1,357) 2,300
Other comprehensive (loss) income:        
Net unrealized income (loss) on foreign exchange rate translation 477 (110) 447 (270)
Comprehensive (loss) income $ (1,872) $ (3,656) $ (910) $ 2,030
Basic (loss) income per share of common stock (in dollars per share) $ (0.08) $ (0.12) $ (0.04) $ 0.07
Diluted (loss) income per share of common stock (in dollars per share) $ (0.08) $ (0.12) $ (0.04) $ 0.07
Weighted average equivalent common shares outstanding (in shares) 30,986,929 30,815,443 30,985,212 30,813,886
Weighted average equivalent common shares outstanding - assuming dilution (in shares) 30,986,929 30,815,443 30,985,212 30,813,886
Fee Revenue        
Operating revenues $ 8,735 $ 8,326 $ 23,994 $ 35,064
Operating expenses        
Total operating expenses 7,601 8,205 18,561 25,319
Reimbursable Revenue        
Operating revenues 1,116 4,186 1,935 9,032
Operating expenses        
Total operating expenses $ 1,116 $ 4,186 $ 1,935 $ 9,032