Quarterly report [Sections 13 or 15(d)]

Segment and Geographic Information (Tables)

v3.26.1
Segment and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses
The following table reflects certain financial data of the Company’s reportable segments and includes the reconciliation to income (loss) from continuing operations before income taxes.
Three Months Ended
March 31,
2026 2025
Logistics:
Revenue $ 47,599  $ 35,948 
Cost of revenue 38,434  28,895 
Gross profit $ 9,165  $ 7,053 
Clinical:
Revenue $ 19,785  $ — 
Cost of revenue 14,833  — 
Gross profit $ 4,952  $ — 
Consolidated:
Revenue $ 67,384  $ 35,948 
Cost of revenue 53,267  28,895 
Gross profit $ 14,117  $ 7,053 
Reconciliation:
Three Months Ended
March 31,
2026 2025
Gross profit $ 14,117  $ 7,053 
Less:
Selling, general and administrative
15,605  12,330 
Amortization of intangible assets
1,486  408 
Operating loss from continuing operations (2,974) (5,685)
Less:
Interest income, net 473  1,321 
Change in fair value of warrant liabilities 1,459  2,752 
Change in fair value of assets and other liabilities 3,444  — 
Income (loss) from continuing operations before income taxes $ 2,402  $ (1,612)

March 31, 2026 December 31,
2025
Goodwill
Logistics $ 15,540  $ 15,540 
Clinical 73,049  72,670 
Total Goodwill $ 88,589  $ 88,210