Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.3
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
2024
2023(2)
2024(1)
2023(2)
(in thousands)
Revenue $ (785) $ 1,002  $ 218  $ (498)
Basic and diluted net (loss) income per share $ (0.04) $ 0.06  $ 0.01  $ (0.03)
(1) For the nine months ended September 30, 2024, the Company had a favorable EAC adjustment of $1.2 million for an existing individual professional services contract. The remaining EAC adjustments are not individually significant to the Company.
(2) For the three and nine months ended September 30, 2023, the Company had favorable EAC adjustments of $1.0 million and $1.1 million respectively, for an existing individual professional services contract. The remaining EAC adjustments are not individually significant to the Company.