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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ 19,289 $ (2,722)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities, net of acquisition:    
(Gain) loss on disposal of fixed assets (119) 251
Depreciation and amortization 14,196 14,759
Stock-based compensation expense 4,829 13,719
Deferred tax benefit 0 (490)
Change in fair value of the Warrants 1,066 (3,997)
Amortization of debt issuance costs 752 692
Change in fair value of embedded derivative 0 (885)
Change in fair value of earnout consideration (2,781) 479
Realized gain on investments in marketable securities 0 (16)
Changes in operating assets and liabilities    
Accounts receivable (11,785) (23,453)
Aircraft support parts (186) (46)
Prepaid expense and other current and noncurrent assets 2,848 1,303
Accounts payable, accrued expenses and other liabilities [1] (3,348) (2,428)
Net cash provided by (used in) operating activities 24,761 (2,834)
Cash Flows from Investing Activities:    
Proceeds from sales and maturities of marketable securities 0 1,055
Purchases and improvements of property, plant and equipment (10,570) (3,099)
Expenditures for capitalized software (923) (973)
Cash acquired through acquisition 0 2,592
Proceeds from sales of property, plant and equipment 976 505
Collection of note receivable 0 3,000
Net cash (used in) provided by investing activities (10,517) 3,080
Cash Flows from Financing Activities:    
Repayments on debt (2,442) (2,210)
Payment of issuance costs for Common Stock in offerings 0 (1,006)
Proceeds from issuance of Common Stock in the registered direct offering 0 9,169
Proceeds from issuance of Common Stock in the at-the-market offering 0 168
Payment of finance lease liability (24) (20)
Cash paid for taxes related to net share settlement of equity awards (391) (694)
Net cash (used in) provided by financing activities (2,857) 5,407
Effects of exchange rate changes (95) 0
Net change in cash, cash equivalents and restricted cash 11,292 5,653
Cash, cash equivalents and restricted cash – beginning of the period 53,083 36,937
Cash, cash equivalents and restricted cash – end of the period 64,375 42,590
Less: Restricted cash – end of the period 9,257 9,262
Cash and cash equivalents – end of the period $ 55,118 $ 33,328
[1] Includes related party accounts payable of zero and $0.3 million for the nine months ended September 30, 2025 and 2024, respectively.

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