REVISION OF CERTAIN QUARTERLY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Changes and Error Corrections [Abstract]

Schedule of Immaterial Error Correction Effect

Note 3 – Basis of Presentation and Critical Accounting Policies, Note 12 – Earnings (Loss) per Share, Note 16 – Income Taxes and Note 21 – Fair Value Measurements.

	As of December 31, 2024
Consolidated Balance Sheet	As Previously Reported		Restatement Adjustments		As Restated
Warrant liabilities	$	21,960	$	(16,251)	$	5,709
Total liabilities	602,481		(16,251)		586,230
Retained (deficit) earnings	(130,998)		16,251		(114,747)
Total stockholders’ equity	73,349		16,251		89,600
Total liabilities and stockholders’ equity	675,830		—		675,830

	Year Ended December 31, 2024
Consolidated Statement of Operations and Comprehensive Loss	As Previously Reported		Restatement Adjustments		As Restated
Change in fair value of warrant liabilities	$	(17,053)	$	16,251	$	(802)
Total other expense, net	(64,361)		16,251		(48,110)
Loss before income taxes	(163,311)		16,251		(147,060)
Net loss	(179,963)		16,251		(163,712)
Net loss and comprehensive loss attributable to common stock and participating securities	(187,217)		16,251		(170,966)
Loss per share:
Basic	$	(8.90)	$	0.78	$	(8.12)
Diluted	$	(8.90)	$	0.78	$	(8.12)

	Year Ended December 31, 2024
	Retained Deficit						Total Stockholders’ Equity
Consolidated Statement of Stockholders’ Equity	As Previously Reported		Restatement Adjustments		As Restated		As Previously Reported		Restatement Adjustments		As Restated
Net loss	$	(179,963)	$	16,251	$	(163,712)	$	(179,963)	$	16,251	$	(163,712)
Balance as of December 31, 2024	(130,998)		16,251		(114,747)		73,349		16,251		89,600

	Year Ended December 31, 2024
Consolidated Statement of Cash Flows	As Previously Reported		Restatement Adjustments		As Restated
Operating Activities:
Net loss	$	(179,963)	$	16,251	$	(163,712)
Change in fair value of warrant liabilities	17,053		(16,251)		802
Net cash provided by (used in) operating activities	94,354		—		94,354

A summary of the effects of the error correction on reported amounts for the applicable periods is presented below. As shown in the tables below, there was no impact to gross profit or net loss for the applicable periods.

(In thousands)	As Reported (Unaudited)		Adjustment (Unaudited)		Revised (Unaudited)
Three Months Ended March 31, 2024:
Total revenues	$	270,586	$	(466)	$	270,120
Total cost applicable to revenues	232,820		(466)		232,354
Gross profit	$	37,766	$	—	$	37,766
Three Months Ended June 30, 2024:
Total revenues	$	238,694	$	(3,092)	$	235,602
Total cost applicable to revenues	191,290		(3,092)		188,198
Gross profit	$	47,404	$	—	$	47,404
Three Months Ended September 30, 2024:
Total revenues	$	213,465	$	(7,504)	$	205,961
Total cost applicable to revenues	168,152		(7,504)		160,648
Gross profit	$	45,313	$	—	$	45,313
Six Months Ended June 30, 2024:
Total revenues	$	509,280	$	(3,558)	$	505,722
Total cost applicable to revenues	424,110		(3,558)		420,552
Gross profit	$	85,170	$	—	$	85,170
Nine Months Ended September 30, 2024:
Total revenues	$	722,745	$	(11,062)	$	711,683
Total cost applicable to revenues	592,262		(11,062)		581,200
Gross profit	$	130,483	$	—	$	130,483