| Schedule of Segment Reporting Information, by Segment |
The following table presents selected financial information with respect to the Company’s single reportable segment for the three and six months ended June 30, 2025 and 2024:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
| Revenue |
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| Imagery & software analytical services |
$ |
17,982 |
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$ |
17,469 |
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$ |
34,811 |
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$ |
35,302 |
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| Professional & engineering services |
4,217 |
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7,469 |
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16,932 |
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13,872 |
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| Total revenue |
22,199 |
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24,938 |
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51,743 |
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49,174 |
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| Costs and Expenses |
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| Imagery & software analytical direct labor costs |
676 |
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687 |
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1,228 |
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1,380 |
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| Imagery & software analytical direct materials costs |
2,784 |
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2,745 |
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6,050 |
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5,497 |
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| Professional & engineering direct labor costs |
2,227 |
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1,982 |
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4,393 |
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5,005 |
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| Professional & engineering direct materials costs |
560 |
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1,468 |
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7,176 |
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2,033 |
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| Salaries and benefit costs |
11,812 |
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10,417 |
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23,515 |
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21,073 |
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Stock-based compensation expense(1)
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3,288 |
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2,222 |
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6,045 |
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5,370 |
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Other segment items(2)
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7,584 |
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5,861 |
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14,811 |
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11,329 |
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| Depreciation and amortization |
7,208 |
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11,277 |
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14,444 |
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22,461 |
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| Loss (gain) on derivatives |
24,435 |
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(5,273) |
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22,534 |
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(5,019) |
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| Interest income |
(677) |
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(330) |
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(1,250) |
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(730) |
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| Interest expense |
3,509 |
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3,029 |
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6,852 |
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5,663 |
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| Other |
(3) |
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(2) |
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(68) |
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(3) |
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| Income tax expense |
35 |
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252 |
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65 |
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322 |
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| Net loss |
$ |
(41,239) |
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$ |
(9,397) |
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$ |
(54,052) |
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$ |
(25,207) |
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(1) Relates to stock-based compensation within selling, general, and administrative costs.
(2) Other segment items included in net loss primarily includes selling, general, and administrative costs and research and development costs.
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