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v3.26.1

Segments (Tables) | 3 Months Ended
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Mar. 31, 2026
Segments [Abstract] |
Schedule of Operations from our Business Segments | The following tables reflect the results of operations from our business segments for the periods indicated below (in thousands):
|  | Three Months Ended March 31, 2026 |
|  |  |  |  |  |  |  | Unallocated |  |  |  |
|  | UAS |  |  | ADS |  |  | Costs |  |  | Total |
Revenue |  | $ | 27,696 |  |  | $ | — |  |  | $ | — |  |  | $ | 27,696 |
Cost of revenue |  |  | 22,550 |  |  |  | — |  |  |  | — |  |  |  | 22,550 |
Gross Profit |  |  | 5,146 |  |  |  | — |  |  |  | — |  |  |  | 5,146 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 48 |  |  |  | 1,149 |  |  |  | — |  |  |  | 1,197 |
Sales and marketing |  |  | 1,426 |  |  |  | 9 |  |  |  | 928 |  |  |  | 2,363 |
General and administrative(1) |  |  | 1,892 |  |  |  | 400 |  |  |  | 9,454 |  |  |  | 11,746 |
Other expenses(2) |  |  | 222 |  |  |  | 8 |  |  |  | — |  |  |  | 230 |
Total operating expenses |  |  | 3,588 |  |  |  | 1,566 |  |  |  | 10,382 |  |  |  | 15,536 |
Income (loss) from operations |  | $ | 1,558 |  |  | $ | (1,566 | ) |  | $ | (10,382 | ) |  | $ | (10,390 | )
(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.
|  | Three Months Ended March 31, 2025 |
|  | Commercial Aviation |  |  | Unallocated Costs |  |  | Total |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  | $ | 1,124 |  |  | $ | — |  |  | $ | 1,124 |
Sales and marketing |  |  | 53 |  |  |  | 222 |  |  |  | 275 |
General and administrative(1) |  |  | 549 |  |  |  | 6,247 |  |  |  | 6,796 |
Other expenses(2) |  |  | 8 |  |  |  | — |  |  |  | 8 |
Total operating expenses |  |  | 1,734 |  |  |  | 6,469 |  |  |  | 8,203 |
Loss from operations |  | $ | (1,734 | ) |  | $ | (6,469 | ) |  | $ | (8,203 | )
(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.

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