Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.24.2.u1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Professional Engineering Services Contracts The following table presents the effect of aggregate net EAC adjustments on the Company's professional and engineering services contracts:
Three Months Ended June 30, Six Months Ended June 30,
2024(1)
2023(2)
2024(1)
2023(2)
(in thousands)
Revenue $ 1,264  $ (1,145) $ 1,003  $ (1,500)
Basic and diluted net loss per share $ 0.01  $ (0.01) $ 0.01  $ (0.01)
(1) For the three and six months ended June 30, 2024, the Company had favorable EAC adjustments of $2.1 million and $1.9 million, respectively, for an existing individual professional services contract. The remaining EAC adjustments are not individually significant to the Company.
(2) For the three and six months ended June 30, 2023, the amounts represent the effect of aggregate net EAC adjustments on two professional and engineering service contracts.