{"id":908063,"date":"2025-11-10T20:30:55","date_gmt":"2025-11-11T01:30:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/quest-resource-holding-corporation-reports-third-quarter-2025-financial-results\/"},"modified":"2025-11-10T20:30:55","modified_gmt":"2025-11-11T01:30:55","slug":"quest-resource-holding-corporation-reports-third-quarter-2025-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quest-resource-holding-corporation-reports-third-quarter-2025-financial-results\/","title":{"rendered":"Quest Resource Holding Corporation Reports Third Quarter 2025 Financial Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Revenue and Adjusted EBITDA improvements of 6.4% and 9.5%, respectively from the prior quarter<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Reduced debt by $4.6 million in the quarter, bringing year-to-date debt reduction to $11.2 million<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Operating cash flow of $5.7 million improved 45% from the prior quarter and increased the year-to-date total to $8.5M<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>THE COLONY, Texas, Nov.  10, 2025  (GLOBE NEWSWIRE) &#8212; <\/strong>\u00a0<strong>Quest Resource Holding Corporation (<\/strong><a href=\"https:\/\/www.nasdaq.com\/\" rel=\"nofollow\" target=\"_blank\">Nasdaq: QRHC<\/a><strong>) (\u201cQuest\u201d or the \u201cCompany\u201d)<\/strong>, a national leader in environmental waste and recycling services, today announced financial results for the third quarter ended September 30, 2025.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Third Quarter 2025 Highlights<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenue was $63.3 million, a 13.0% decrease compared with the third quarter of 2024, and a 6.4% increase from the second quarter of 2025.<\/li>\n<li style=\"text-align:justify\">Gross profit was $11.5 million, a 2.0% decrease compared with the third quarter of 2024, and a 3.9% increase from the second quarter of 2025.<\/li>\n<li style=\"text-align:justify\">Gross margin was 18.1% of revenue compared with 16.1% for the third quarter of 2024.<\/li>\n<li style=\"text-align:justify\">GAAP net loss was $(1.3) million, compared with the net loss of $(3.4) million during the third quarter of 2024.<\/li>\n<li style=\"text-align:justify\">GAAP net loss per basic and diluted share attributable to common stockholders was $(0.06), compared with $(0.16) for the third quarter of 2024.<\/li>\n<li style=\"text-align:justify\">Adjusted EBITDA was $2.9 million, compared with $2.5 million during the third quarter of 2024.<\/li>\n<li style=\"text-align:justify\">Adjusted net loss per diluted share was $(0.02), compared with $(0.06) during the third quarter of 2024.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Year-to-Date 2025 Highlights (September\u202f30, 2025)<\/u><br \/>\n        <\/strong>\u202f\u00a0<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenue was $191.3\u00a0million; a\u00a012.5% decrease compared with the same period of 2024.\u00a0\u00a0<\/li>\n<li style=\"text-align:justify\">Gross profit was $33.4\u00a0million; a\u00a014.9% decrease compared with the same period of 2024.\u00a0\u00a0<\/li>\n<li style=\"text-align:justify\">Gross margin was 17.5% of revenue compared with 18.0% during the same period of 2024.<\/li>\n<li style=\"text-align:justify\">GAAP net loss was $(13.7) million, compared with the net loss of $(5.6) million during the same period of 2024.<\/li>\n<li style=\"text-align:justify\">GAAP net loss per basic and diluted share attributable to common stockholders was $(0.66),\u202fcompared with $(0.27)\u202fduring the\u202fsame period of\u202f2024.\u202f<\/li>\n<li>Recognized a non-cash loss on sale of assets of $4.3 million, or $(0.21) per basic and diluted share, related to the sale of the tenant-direct mall portion of RWS during the first quarter of 2025.<\/li>\n<li>Recognized a non-cash loss of $1.7 million, or $(0.08) per basic and diluted share, related to an impairment charge on intangible assets during the first quarter of 2025.\u00a0\u00a0<\/li>\n<li style=\"text-align:justify\">Year-to-date Adjusted EBITDA was $7.2 million compared to $12.8 million during the same period of 2024.\u202f\u00a0<\/li>\n<li style=\"text-align:justify\">Adjusted net loss per diluted share was $(0.20), compared with adjusted net income of $0.05 per diluted share during the same period of 2024.\u00a0\u00a0<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Recent Highlights<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Improved cash cycle, generating $5.7 million of operating cash flow during the third quarter of 2025.<\/li>\n<li style=\"text-align:justify\">Reduced debt by $11.2 million year-to-date, a 14% reduction year-to-date.<\/li>\n<li style=\"text-align:justify\">Signed a new contract with a company in the food products end market; execution of share-of-wallet initiatives driving incremental organic growth.<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThe impact of the strategic and proactive actions we are taking to address critical issues and to drive efficiencies across the operations are leading to improvements in the business and the early benefits of these activities can be seen in the third quarter,\u201d said Dan M. Friedberg, Chairman of the Company\u2019s Board of Directors. \u201cWe are on more solid footing as a result of targeted cost actions and cash generation efforts, and our results are consistent with our stated expectation for an improved trajectory of the performance of the business. Looking ahead, we are confident in our ability to continue to drive improvements in the business and maintain this momentum as we finish 2025 and head into 2026.\u201d<\/p>\n<p align=\"justify\">\u201cWe delivered a solid third quarter with strong sequential improvements in our financial performance despite what remains a tough operating environment,\u201d said Perry W. Moss, Quest\u2019s Chief Executive Officer. \u201cOur Operational Excellence initiatives are driving better visibility into our customers\u2019 needs, enhancing the productivity of our sales team, elevating our vendor management practices and, ultimately, improving financial results and cash generation. Our sales pipeline remains active and growing and the onboarding of recent client wins continues to progress. We remain confident in our ability to execute the Quest value proposition and implement these organic initiatives as macroeconomic conditions and Industrial volumes normalize.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Third Quarter 2025 Earnings Conference Call and Webcast<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Quest will host a conference call on Monday, November 10, 2025, at 5:00 PM ET, to review the financial results for the third quarter ended September 30, 2025. To participate, dial 1-800-717-1738 or 1-646-307-1865. The conference call, which may include forward-looking statements, is also being webcast and is available via the investor relations section of Quest\u2019s website at https:\/\/investors.qrhc.com\/. A replay of the webcast will be archived on Quest\u2019s investor relations website for 90 days.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>About Quest Resource Holding Corporation <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>Quest is a national provider of waste and recycling services that empower larger businesses to excel in achieving their environmental and sustainability goals and responsibilities. Quest delivers focused expertise across multiple industry sectors to build single-source, client-specific solutions that generate quantifiable business and sustainability results. Addressing a wide variety of waste streams and recyclables, Quest provides information and data that tracks and reports the environmental results of Quest\u2019s services, gives actionable data to improve business operations, and enables Quest\u2019s clients to excel in their business and sustainability responsibilities. For more information, visit <a href=\"http:\/\/www.qrhc.com\" rel=\"nofollow\" target=\"_blank\">www.qrhc.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Reconciliation of U.S. GAAP to Non-GAAP Financial Measures<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">In this press release, non-GAAP financial measures, \u201cAdjusted EBITDA\u201d and \u201cAdjusted Net Income (Loss)\u201d are presented. From time-to-time, Quest considers and uses these supplemental measures of operating performance in order to provide an improved understanding of underlying performance trends. Quest believes it is useful to review, as applicable, both (1) GAAP measures that include (i) depreciation and amortization, (ii) interest expense, (iii) stock-based compensation expense, (iv) income tax expense, and (v) certain other adjustments, and (2) non-GAAP measures that exclude such items. Quest presents these non-GAAP measures because it considers it an important supplemental measure of Quest\u2019s performance. Quest\u2019s definition of these adjusted financial measures may differ from similarly named measures used by others. Quest believes these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the Company\u2019s GAAP measures. (See attached tables \u201cReconciliation of Net Loss to Adjusted EBITDA\u201d and \u201cAdjusted Net Income (Loss) Per Share\u201d).<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Safe Harbor Statement <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which provides a \u201csafe harbor\u201d for such statements in certain circumstances. The forward-looking statements include, but are not limited to, our belief that the impact of the strategic and proactive actions we are taking to address critical issues and to drive efficiencies across the operations are leading to improvements in the business, our confidence in our ability to continue to drive improvements in the business and maintain this momentum as we finish 2025 and head into 2026, and our belief that our Operational Excellence initiatives are driving better visibility into our customers\u2019 needs, enhancing the productivity of our sales team, elevating our vendor management practices and, ultimately, improving financial results and cash generation. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including, but not limited to, competition in the environmental services industry, the impact of the current economic environment, interruptions to supply chains, commodity price fluctuations, and extended shut down of businesses, and other factors discussed in greater detail in our filings with the Securities and Exchange Commission (\u201cSEC\u201d), including our Annual Report on Form 10-K for the year ended December 31, 2024. You are cautioned not to place undue reliance on such statements and to consult our SEC filings for additional risks and uncertainties that may apply to our business and the ownership of our securities. Our forward-looking statements are presented as of the date made, and we disclaim any duty to update such statements unless required by law to do so.<\/p>\n<p align=\"justify\">Investor Relations Contact:<\/p>\n<p>Alpha IR Group<br \/>Ryan Coleman or Nick Nelson<br \/><a href=\"mailto:QRHC@alpha-ir.com\" rel=\"nofollow\" target=\"_blank\">QRHC@alpha-ir.com<\/a>\u00a0<br \/>312-445-2870<\/p>\n<p align=\"center\">Financial Tables Follow<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"16\" style=\"width:99.0768%;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Quest Resource Holding Corporation and Subsidiaries<\/strong><br \/>\n            <br \/>\n            <strong>STATEMENTS OF OPERATIONS <\/strong><br \/>\n            <br \/>(Unaudited)<br \/>(In thousands, except per share amounts)<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:44%;width:43.809%;min-width:44%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:11%;width:10.9523%;min-width:11%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.13954%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:11%;width:10.9523%;min-width:11%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.13954%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:11%;width:10.9523%;min-width:11%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.07623%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:11%;width:10.9523%;min-width:11%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:0.949617%;min-width:1%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:26.0828%;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Three Months Ended<\/strong>\n          <\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"6\" style=\"width:26.0195%;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Nine Months Ended<\/strong>\n          <\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"7\" style=\"width:27.2224%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>September 30,<\/strong><br \/>\n            \n          <\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"7\" style=\"width:26.9691%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>September 30,<\/strong><br \/>\n            <strong><br \/>\n              <br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:13.1047%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:13.1047%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:13.0414%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2025<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:12.9148%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">2024<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Revenue<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">63,341<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">72,766<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">191,311<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">218,562<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Cost of revenue<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">51,874<\/td>\n<td style=\"width:1.13954%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">61,066<\/td>\n<td style=\"width:1.13954%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">157,876<\/td>\n<td style=\"width:1.07623%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">179,294<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Gross profit<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">11,467<\/td>\n<td style=\"width:1.13954%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">11,700<\/td>\n<td style=\"width:1.13954%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">33,435<\/td>\n<td style=\"width:1.07623%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">39,268<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Selling, general, and administrative<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">9,240<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">10,273<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">29,947<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">29,457<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Depreciation and amortization<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">1,304<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,368<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">4,146<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">7,094<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">(Gain) loss on sale of assets<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(152<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">)\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">4,339<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Impairment loss<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">1,707<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Total operating expenses<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">10,392<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">12,641<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">40,139<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">36,551<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Operating income (loss)<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">1,075<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(941<\/td>\n<td style=\"width:1.13954%;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(6,704<\/td>\n<td style=\"width:1.07623%;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,717<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Interest expense<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(2,389<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(2,723<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(7,031<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(7,807<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Loss before taxes<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,314<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">)\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(3,664<\/td>\n<td style=\"width:1.13954%;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(13,735<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">)\u00a0\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(5,090<\/td>\n<td style=\"width:0.949617%\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Income tax expense (benefit)<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">35<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(278<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(9<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">465<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Net loss<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,349<\/td>\n<td style=\"width:1.13954%;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(3,386<\/td>\n<td style=\"width:1.13954%;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(13,726<\/td>\n<td style=\"width:1.07623%;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(5,555<\/td>\n<td style=\"width:0.949617%;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Net loss per common share applicable to common shareholders:<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Basic and diluted<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(0.06<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(0.16<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(0.66<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">$<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">(0.27<\/td>\n<td style=\"width:0.949617%\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: bottom\">Weighted average number of common shares outstanding:<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.809%;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Basic and diluted<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">21,029<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">20,666<\/td>\n<td style=\"width:1.13954%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">20,941<\/td>\n<td style=\"width:1.07623%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.9523%;text-align: right;vertical-align: middle;vertical-align: bottom\">20,542<\/td>\n<td style=\"width:0.949617%\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"19\" style=\"width:276.028%;text-align: center;vertical-align: middle\">\n            <strong>RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA<\/strong><br \/>\n            <br \/>(Unaudited)<br \/>(In thousands)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"7\" style=\"width:27.0958%\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"8\" style=\"width:201.894%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"7\" style=\"width:27.0958%;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Three Months Ended<\/strong>\n          <\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"8\" style=\"width:201.894%;text-align: center;vertical-align: middle\">\n            <strong>Nine Months Ended<\/strong><br \/>\n            \n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"7\" style=\"width:27.0958%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>September 30,<\/strong>\n          <\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"9\" style=\"width:202.907%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">\n            <strong>September 30,<\/strong><br \/>\n            \n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:13.0414%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2025<\/strong>\n          <\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:13.0414%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2024<\/strong>\n          <\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:13.0414%;text-align: center;vertical-align: middle\">\n            <strong>2025<\/strong><br \/>\n            \n          <\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td colspan=\"5\" style=\"width:188.853%;text-align: center;vertical-align: middle\">\n            <strong>2024<\/strong><br \/>\n            <strong><br \/>\n              <br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:44%;width:43.9989%;min-width:44%;vertical-align: bottom\">Net loss<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;border-top: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:11%;width:11.0156%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,349<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;vertical-align: bottom\">)<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;border-top: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:11%;width:11.0156%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(3,386<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;vertical-align: bottom\">)<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">$<\/td>\n<td style=\"max-width:11%;width:11.0156%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">(13,726<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;vertical-align: top\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;border-top: solid black 1pt;vertical-align: top\">$<\/td>\n<td colspan=\"3\" style=\"max-width:11%;width:186.827%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">(5,555<\/td>\n<td style=\"max-width:1%;width:1.01293%;min-width:1%;border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Depreciation and amortization<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">1,498<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,613<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: top\">4,744<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: top\">7,714<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Interest expense<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,389<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">2,723<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: top\">7,031<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: top\">7,807<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Stock-based compensation expense<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">470<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">571<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: top\">1,665<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: top\">1,291<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Acquisition, integration, and related costs<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">30<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: top\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: top\">91<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Gain (loss) on sale of assets<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">(152<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">4,339<\/td>\n<td style=\"width:1.01293%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Impairment loss<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">1,707<\/td>\n<td style=\"width:1.01293%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Other adjustments<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">47<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">261<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;text-align: right;vertical-align: middle;vertical-align: bottom\">1,426<\/td>\n<td style=\"width:1.01293%;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;text-align: right;vertical-align: middle;vertical-align: bottom\">980<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Income tax expense (benefit)<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">35<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.0156%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(278<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:11.0156%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">(9<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:186.827%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">465<\/td>\n<td style=\"width:1.01293%;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:43.9989%;vertical-align: bottom\">Adjusted EBITDA<\/td>\n<td style=\"width:1.01293%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:11.0156%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2,938<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"width:11.0156%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2,534<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">$<\/td>\n<td style=\"width:11.0156%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">7,177<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:1.01293%;vertical-align: top\">\u00a0<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: top\">$<\/td>\n<td colspan=\"3\" style=\"width:186.827%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">12,793<\/td>\n<td style=\"width:1.01293%;border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\">\n        \n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"20\" style=\"text-align: center;vertical-align: middle\">\n            <strong>ADJUSTED NET INCOME (LOSS) PER SHARE<\/strong><br \/>\n            <br \/>(Unaudited)<br \/>(In thousands, except per share amounts)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"20\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Three Months Ended<\/strong>\n          <\/td>\n<td>\u00a0<\/td>\n<td colspan=\"10\" style=\"text-align: center;vertical-align: middle\">\n            <strong>Nine Months Ended<\/strong><br \/>\n            <strong><br \/>\n              <br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>September 30,<\/strong>\n          <\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td colspan=\"10\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: top\">\n            <strong>September 30,<\/strong><br \/>\n            \n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2025<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2024<\/strong><br \/>\n            <strong><br \/>\n              <br \/>\n            <\/strong>\n          <\/td>\n<td>\u00a0<\/td>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2025<\/strong><br \/>\n            <strong><br \/>\n              <br \/>\n            <\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\">\n            <strong>2024<\/strong><br \/>\n            <strong><br \/>\n              <br \/>\n            <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:44%;width:44%;min-width:44%;vertical-align: bottom\">Reported net loss <sup>(1)<\/sup><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,349<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">)<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(3,386<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">)<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td colspan=\"2\" style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">(13,726<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: top\">)<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: top\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;vertical-align: top\">$<\/td>\n<td colspan=\"3\" style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">(5,555<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Amortization of intangibles <sup>(<\/sup><sup>2<\/sup><sup>)<\/sup><\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,105<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">2,209<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">3,573<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">6,650<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Acquisition, integration, and related costs <sup>(<\/sup><sup>3)<\/sup><\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">30<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u2014<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">91<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">(Gain) loss on sale of assets<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(152<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">4,339<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u2014<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Impairment loss<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014\u00a0\u00a0\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">1,707<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Adjusted net income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(396<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,147<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">(4,107<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: left;vertical-align: middle;vertical-align: top\">)<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: top\">$<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">1,186<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: double black 3pt;text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Diluted earnings (loss) per share:<\/strong>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Reported net loss<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.06<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.16<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.66<\/td>\n<td style=\"vertical-align: top\">)<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.27<\/td>\n<td style=\"vertical-align: top\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Adjusted net income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.02<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.06<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.20<\/td>\n<td style=\"vertical-align: top\">)<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">0.05<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Weighted average number of common shares outstanding:<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Basic<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">21,029<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">20,666<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">20,941<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">20,542<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Diluted<sup>(<\/sup><sup>4<\/sup><sup>)<\/sup><\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">21,029<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">20,666<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\">20,941<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\">22,873<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1)\u00a0 Applicable to common stockholders<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2)\u00a0 Reflects the elimination of non-cash amortization of acquisition-related intangible assets<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3)\u00a0 Reflects the add back of acquisition\/integration related transaction costs<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4)\u00a0 Reflects adjustment for dilution when adjusted net income is positive<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\">\n            <strong>BALANCE SHEETS<\/strong><br \/>\n            <br \/>(In thousands, except per share amounts)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>September 30,<\/strong>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>December 31,<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2025<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>2024<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">(Unaudited)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">ASSETS<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Current assets:<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:72%;width:72%;min-width:72%;vertical-align: bottom\">Cash and cash equivalents<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:11%;width:11%;min-width:11%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,146<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:11%;width:11%;min-width:11%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">396<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Accounts receivable, less allowance for doubtful accounts of $784<br \/>and $831 as of September 30, 2025 and December 31, 2024, respectively<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">50,746<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">62,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Prepaid expenses and other current assets<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,120<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,601<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Assets held for sale<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">9,890<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Total current assets<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">54,012<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">75,139<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Goodwill<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">81,065<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">81,065<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Intangible assets, net<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">8,429<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">12,946<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Property and equipment, net, and other assets<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">5,779<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">6,495<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Total assets<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">149,285<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">175,645<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: double black 3pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: double black 3pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">LIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Current liabilities:<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Accounts payable and accrued liabilities<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">39,323<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">39,899<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Deferred revenue<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">69<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,001<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Current portion of notes payable<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,406<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,651<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Liabilities held for sale<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,840<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Total current liabilities<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">40,798<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">44,391<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Notes payable, net<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">65,391<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">76,265<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Other long-term liabilities<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,087<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">833<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Total liabilities<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">107,276<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">121,489<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Commitments and contingencies<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Stockholders\u2019 equity:<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Preferred stock, $0.001 par value, 10,000 shares authorized, no<br \/>shares issued or outstanding as of September 30, 2025 and December 31, 2024<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u2014<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Common stock, $0.001 par value, 200,000 shares authorized,<br \/>20,850 and 20,606 shares issued and outstanding as<br \/>of September 30, 2025 and December 31, 2024, respectively<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">21<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">21<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Additional paid-in capital<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">180,825<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">179,246<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Accumulated deficit<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(138,837<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">(125,111<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Total stockholders\u2019 equity<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">42,009<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">54,156<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Total liabilities and stockholders\u2019 equity<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">149,285<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">175,645<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\">\n        \n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3MjgwNyM3MjU1NzQwIzIwOTI3MTA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/OGJkZGI4NmUtNTIwNC00ZjkyLTlhN2YtODA0ZDY2OTQ1NGQ1LTExMDQyODEtMjAyNS0xMS0xMC1lbg==\/tiny\/Quest-Resource-Holding-Corpora.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Revenue and Adjusted EBITDA improvements of 6.4% and 9.5%, respectively from the prior quarter Reduced debt by $4.6 million in the quarter, bringing year-to-date debt reduction to $11.2 million Operating cash flow of $5.7 million improved 45% from the prior quarter and increased the year-to-date total to $8.5M THE COLONY, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Quest Resource Holding Corporation (Nasdaq: QRHC) (\u201cQuest\u201d or the \u201cCompany\u201d), a national leader in environmental waste and recycling services, today announced financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights Revenue was $63.3 million, a 13.0% decrease compared with the third quarter of 2024, and a 6.4% increase from the second quarter of 2025. Gross profit was $11.5 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quest-resource-holding-corporation-reports-third-quarter-2025-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Quest Resource Holding Corporation Reports Third Quarter 2025 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-908063","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quest Resource Holding Corporation Reports Third Quarter 2025 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quest-resource-holding-corporation-reports-third-quarter-2025-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quest Resource Holding Corporation Reports Third Quarter 2025 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Revenue and Adjusted EBITDA improvements of 6.4% and 9.5%, respectively from the prior quarter Reduced debt by $4.6 million in the quarter, bringing year-to-date debt reduction to $11.2 million Operating cash flow of $5.7 million improved 45% from the prior quarter and increased the year-to-date total to $8.5M THE COLONY, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Quest Resource Holding Corporation (Nasdaq: QRHC) (\u201cQuest\u201d or the \u201cCompany\u201d), a national leader in environmental waste and recycling services, today announced financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights Revenue was $63.3 million, a 13.0% decrease compared with the third quarter of 2024, and a 6.4% increase from the second quarter of 2025. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/quest-resource-holding-corporation-reports-third-quarter-2025-financial-results\/","og_locale":"en_US","og_type":"article","og_title":"Quest Resource Holding Corporation Reports Third Quarter 2025 Financial Results - Market Newsdesk","og_description":"Revenue and Adjusted EBITDA improvements of 6.4% and 9.5%, respectively from the prior quarter Reduced debt by $4.6 million in the quarter, bringing year-to-date debt reduction to $11.2 million Operating cash flow of $5.7 million improved 45% from the prior quarter and increased the year-to-date total to $8.5M THE COLONY, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) &#8212; \u00a0Quest Resource Holding Corporation (Nasdaq: QRHC) (\u201cQuest\u201d or the \u201cCompany\u201d), a national leader in environmental waste and recycling services, today announced financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights Revenue was $63.3 million, a 13.0% decrease compared with the third quarter of 2024, and a 6.4% increase from the second quarter of 2025. 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