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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Revenue $ 100,735 $ 82,654 $ 192,586 $ 160,830
Expenses:        
Cost of revenue 38,010 24,424 71,482 47,082
Direct operating expenses (including related parties of $1,328, $1,536, $2,450 and $2,936) (including non-cash stock-based compensation of $1,011, $1,499, $2,088 and $2,882) 37,712 31,756 73,214 63,557
Selling, general and administrative expenses 16,453 14,363 31,959 28,697
Corporate expenses (including non-cash stock-based compensation of $1,674, $2,734, $3,210 and $6,396) 6,375 10,811 14,163 23,059
Depreciation and amortization (including related parties of $232, $232, $464 and $464) 3,027 4,428 6,504 9,167
Change in fair value of contingent consideration 0 240 0 20
Impairment charge 0 0 23,673 0
Loss on lease abandonment 0 0 25,191 0
Foreign currency (gain) loss 6 (24) 18 241
Operating income (loss) (848) (3,344) (53,618) (10,993)
Interest expense (4,037) (4,118) (7,700) (8,561)
Interest income 619 577 1,224 1,155
Dividend income 1 0 1 10
Realized gain (loss) on marketable securities 3 4 4 (109)
Gain (loss) on debt extinguishment (38) (51) (38) (91)
Income (loss) from continuing operations before income taxes (4,300) (6,932) (60,127) (18,589)
Income tax benefit (expense) 800 10,664 8,852 14,811
Net income (loss) from continuing operations (3,500) 3,732 (51,275) (3,778)
Net income (loss) from discontinued operations, net of tax 163 (35,412) (28) (76,792)
Net income (loss) attributable to common stockholders $ (3,337) $ (31,680) $ (51,303) $ (80,570)
Basic and diluted earnings per share:        
Net income (loss) per share from continuing operations, basic $ (0.04) $ 0.04 $ (0.56) $ (0.04)
Net income (loss) per share from continuing operations, diluted (0.04) 0.04 (0.56) (0.04)
Net income (loss) per share from discontinued operations, basic 0 (0.39) 0 (0.86)
Net income (loss) per share from discontinued operations, diluted 0 (0.39) 0 (0.86)
Net income (loss) per share attributable to common stockholders, basic (0.04) (0.35) (0.56) (0.9)
Net income (loss) per share attributable to common stockholders, diluted (0.04) (0.35) (0.56) (0.9)
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.1 $ 0.1
Weighted average common shares outstanding, basic 90,976,288 89,820,737 90,976,288 89,669,397
Weighted average common shares outstanding, diluted 90,976,288 90,721,280 90,976,288 89,669,397