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Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Components of Segment Revenues and Adjusted EBITDA

Segment revenues and Adjusted EBITDA consisted of the following:

 

 

 

Three Months Ended March 31,

 

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

Segment

 

 

 

 

 

Segment

 

 

 

 

Segment

 

 

Adjusted

 

 

Segment

 

 

Adjusted

 

 

 

 

Revenues

 

 

EBITDA

 

 

Revenues

 

 

EBITDA(3)

 

 

Assessment, Permitting and Response

 

$

52,214

 

 

$

14,266

 

 

$

45,600

 

 

$

9,623

 

 

Measurement and Analysis

 

 

42,527

 

(1)

 

6,387

 

 

 

39,761

 

(1)

 

6,322

 

(2)

Remediation and Reuse

 

 

36,687

 

 

 

5,278

 

 

 

49,319

 

 

 

7,993

 

 

Total Operating Segments

 

 

131,428

 

 

 

25,931

 

 

 

134,680

 

 

 

23,938

 

 

Corporate and Other

 

 

 

 

 

(9,328

)

 

 

 

 

 

(7,487

)

 

Total

 

$

131,428

 

 

$

16,603

 

 

$

134,680

 

 

$

16,451

 

 

 

_____________________________________

(1) Includes revenue of $1.4 million and $5.6 million from the Discontinuing Specialty Lab, for the three months ended March 31, 2023 and March 31, 2022, respectively.
(2)
Includes Adjusted EBITDA of $1.3 million from the Discontinuing Specialty Lab.

(3) Includes the add back of start-up losses and investment in new services of $0.8 million.

Reconciliation of Segment Measure to Net Loss

Presented below is a reconciliation of the Company’s segment measure to net loss:

 

 

 

For the Three Months
Ended March 31,

 

 

 

 

2023

 

 

2022

 

 

Total

 

$

16,603

 

 

$

16,451

 

 

Interest expense, net

 

 

(1,541

)

 

 

(1,092

)

 

Income tax expense

 

 

(1,367

)

 

 

(1,269

)

 

Depreciation and amortization

 

 

(10,555

)

 

 

(12,144

)

 

Stock-based compensation

 

 

(13,035

)

 

 

(10,425

)

 

Start-up losses and investment in new services

 

 

 

 

 

(786

)

 

Acquisition costs

 

 

(775

)

 

 

(467

)

 

Fair value changes in financial instruments

 

 

(1,873

)

 

 

2,449

 

 

Fair value changes in business acquisition
   contingencies

 

 

398

 

 

 

21

 

 

Expenses related to financing transactions

 

 

(4

)

 

 

(7

)

 

Discontinuing Specialty Lab

 

 

(2,436

)

(1)

 

 

 

Other losses or expenses

 

 

(134

)

 

 

(267

)

 

Net loss

 

$

(14,719

)

 

$

(7,536

)

 

 

 

 

 

 

 

 

 

__________________________

(1) Amounts consist of operating losses before depreciation related to the Discontinuing Specialty Lab.