BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2021

BUSINESS SEGMENTS

Summary of selected financial information for each segment

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenues
Asset Management Solutions
Aircraft	$	15,204	$	20,979	$	49,925	$	45,819
Engine		33,672		8,673		88,502		35,515
		48,876		29,652		138,427		81,334
Tech Ops
MRO services		21,683		26,516		78,116		74,193
Product sales		2,739		897		7,111		4,029
		24,422		27,413		85,227		78,222
Total	$	73,298	$	57,065	$	223,654	$	159,556
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Gross profit
Asset Management Solutions
Aircraft	$	6,729	$	14,374	$	16,370	$	9,110
Engine		10,084		4,343		33,129		13,465
		16,813		18,717		49,499		22,575
Tech Ops
MRO services		6,407		7,686		22,481		16,823
Product sales		1,412		102		3,225		265
		7,819		7,788		25,706		17,088
Total	$	24,632	$	26,505	$	75,205	$	39,663
	September 30, 2021		December 31, 2020
Total Assets
Asset Management Solutions	$	325,750	$	277,016
Tech Ops		113,528		108,622
Corporate		711		3,492
	$	439,989	$	389,130

Summary of reconciles segment gross profit to net income

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Segment gross profit	$	24,632	$	26,505	$	75,205	$	39,663
Selling, general and administrative expenses		(22,803)		(13,377)		(53,079)		(40,614)
Payroll support program proceeds		-		6,347		14,768		12,693
Transaction costs		-		(219)		-		(434)
Interest expense, net		(241)		(267)		(750)		(1,307)
Other income, net		9		206		258		358
Change in fair value of warrant liability		(2,104)		-		(2,735)		-
Income tax expense		(1,129)		(4,476)		(8,737)		(2,519)
Net (loss) income	$	(1,636)	$	14,719	$	24,930	$	7,840

Summary of intersegment revenues

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Asset Management Solutions	$	959	$	945	$	2,942	$	2,047
Tech Ops		6,015		6		14,747		1,467
Total intersegment revenues	$	6,974	$	951	$	17,689	$	3,514