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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 25,310 $ 26,727 $ 49,703 $ 57,472
Cost of services 5,509 5,713 11,593 11,463
Gross profit 19,801 21,014 38,110 46,009
Operating expenses        
General and administrative 11,964 11,745 22,862 23,724
Selling and marketing 4,146 4,149 8,528 8,363
Research and development 2,515 1,130 4,782 2,609
Total operating expenses 18,625 17,024 36,172 34,696
Operating income 1,176 3,990 1,938 11,313
Interest expense (2,419) (2,736) (5,008) (5,506)
Interest income 2,357 3,086 4,857 6,057
Income before income taxes 1,114 4,340 1,787 11,864
Income tax expense 80 1,438 136 3,875
Net income $ 1,034 $ 2,902 $ 1,651 $ 7,989
Net income per common share        
Basic (in dollars per share) $ 0.01 $ 0.02 $ 0.01 $ 0.07
Diluted (in dollars per share) $ 0.01 $ 0.02 $ 0.01 $ 0.07
Weighted average common shares outstanding        
Basic (in shares) 118,866,000 119,206,000 119,157,000 119,066,000
Diluted (in shares) 119,003,000 119,331,000 119,645,000 119,388,000
Program fees        
Revenue        
Total revenue $ 14,933 $ 14,836 $ 30,143 $ 29,145
Profit share        
Revenue        
Total revenue 7,969 9,333 14,699 23,215
Claims administration and other service fees        
Revenue        
Total revenue $ 2,408 $ 2,558 $ 4,861 $ 5,112