| Summary of Significant Segment Expenses |
The following table reflects certain financial data of the Company’s reportable segments and includes the reconciliation to loss from continuing operations before income taxes.
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Three Months Ended June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Logistics: |
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| Revenue |
$ |
48,240 |
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$ |
45,108 |
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$ |
95,839 |
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$ |
81,056 |
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| Cost of revenue |
39,352 |
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36,101 |
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77,786 |
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64,996 |
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| Gross profit |
$ |
8,888 |
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$ |
9,007 |
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$ |
18,053 |
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$ |
16,060 |
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| Clinical: |
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| Revenue |
$ |
24,266 |
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$ |
— |
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$ |
44,051 |
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$ |
— |
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| Cost of revenue |
17,939 |
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— |
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32,772 |
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— |
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| Gross profit |
$ |
6,327 |
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$ |
— |
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$ |
11,279 |
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$ |
— |
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| Consolidated: |
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| Revenue |
$ |
72,506 |
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$ |
45,108 |
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$ |
139,890 |
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$ |
81,056 |
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| Cost of revenue |
57,291 |
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36,101 |
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110,558 |
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64,996 |
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| Gross profit |
$ |
15,215 |
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$ |
9,007 |
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$ |
29,332 |
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$ |
16,060 |
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Reconciliation from the measure of segments performance to loss from consolidated operations before income taxes
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Three Months Ended June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Gross profit |
$ |
15,215 |
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$ |
9,007 |
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$ |
29,332 |
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$ |
16,060 |
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| Less: |
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Selling, general and administrative |
13,996 |
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13,292 |
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29,601 |
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25,622 |
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Amortization of intangible assets |
6,627 |
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356 |
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8,113 |
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|
764 |
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| Operating loss from continuing operations |
(5,408) |
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(4,641) |
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(8,382) |
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(10,326) |
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| Plus (less): |
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| Interest income, net |
331 |
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1,155 |
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804 |
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2,476 |
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| Change in fair value of warrant liabilities |
71 |
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77 |
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1,530 |
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2,829 |
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| Change in fair value of assets and other liabilities |
(5,510) |
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— |
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(2,066) |
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— |
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| Loss from continuing operations before income taxes |
$ |
(10,516) |
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$ |
(3,409) |
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$ |
(8,114) |
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$ |
(5,021) |
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June 30, 2026 |
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December 31,
2025 |
| Goodwill |
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| Logistics |
$ |
15,540 |
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$ |
15,540 |
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| Clinical |
91,406 |
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72,670 |
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| Total Goodwill |
$ |
106,946 |
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$ |
88,210 |
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