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Segment Information and Geographic Location Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Components of Segment Revenues and Segment Adjusted EBITDA

Segment revenues and Segment Adjusted EBITDA for the years ended December 31, consisted of the following:

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

Segment
Revenues

 

 

Segment
Adjusted
 EBITDA

 

 

Segment
Revenues

 

 

Segment
Adjusted
 EBITDA
 (3)

 

 

Segment
Revenues

 

 

Segment
Adjusted
 EBITDA
 (3)

 

 

Assessment, Permitting and Response

 

$

220,727

 

 

$

52,148

 

 

$

187,234

 

 

$

37,458

 

 

$

261,865

 

 

$

57,128

 

 

Measurement and Analysis

 

 

197,095

 

(1)

 

37,217

 

 

 

172,432

 

(1)

 

31,588

 

(2)

 

153,208

 

(1)

 

31,270

 

(2)

Remediation and Reuse

 

 

206,386

 

 

 

27,087

 

 

 

184,750

 

 

 

30,616

 

 

 

131,340

 

 

 

19,326

 

 

Total Operating Segments

 

 

624,208

 

 

 

116,452

 

 

 

544,416

 

 

 

99,662

 

 

 

546,413

 

 

 

107,724

 

 

Corporate and Other

 

 

 

 

 

(37,876

)

 

 

 

 

 

(31,212

)

 

 

 

 

 

(30,082

)

 

Total

 

$

624,208

 

 

$

78,576

 

 

$

544,416

 

 

$

68,450

 

 

$

546,413

 

 

$

77,642

 

 

 

(1)
Includes revenue of $8.8 million, $17.0 million and $23.9 million from the Discontinued Specialty Lab for the year ended December 31, 2023, 2022 and 2021, respectively.
(2)
Includes Adjusted EBITDA of $2.1 million and $6.4 million from the Discontinued Specialty Lab for the year ended December 31, 2022 and 2021, respectively.
(3)
Includes the add back of start-up losses and investment in new services of $2.3 million and $4.4 million for the year ended December 31, 2022 and 2021, respectively.
Reconciliation of Segment Measure to Net Loss

Presented below is a reconciliation of the Company’s segment measure to net loss for the years ended December 31:

 

 

2023

 

 

2022

 

 

2021

 

 

Total

$

78,576

 

 

$

68,450

 

 

$

77,642

 

 

Interest expense, net

 

(7,793

)

 

 

(5,239

)

 

 

(11,615

)

 

Income tax benefit (expense)

 

980

 

 

 

(2,250

)

 

 

(1,709

)

 

Depreciation and amortization

 

(45,780

)

 

 

(47,479

)

 

 

(44,810

)

 

Stock-based compensation

 

(47,267

)

 

 

(43,290

)

 

 

(10,321

)

 

Start-up losses and investment in new services

 

 

 

 

(2,277

)

 

 

(4,407

)

 

Acquisition costs

 

(6,930

)

 

 

(1,891

)

 

 

(2,088

)

 

Fair value changes in financial instruments

 

4,129

 

 

 

3,396

 

 

 

(2,195

)

 

Fair value changes in business acquisition
   contingencies

 

(84

)

 

 

3,227

 

 

 

(24,372

)

 

Discontinued Specialty Lab

 

(6,112

)

(1)

 

 

 

 

 

 

Expenses related to financing transactions

 

(35

)

 

 

(7

)

 

 

(50

)

 

Other losses or expenses, net

 

(543

)

(2)

 

(4,459

)

(3)

 

(1,400

)

(4)

Net loss

$

(30,859

)

 

$

(31,819

)

 

$

(25,325

)

 

 

(1)
Amounts consist of operating losses before depreciation related to the Discontinued Specialty Lab, which include $2.2 million in current expected credit losses on the promissory note receivable issued upon the sale and a $1.8 million gain on the sale of its assets.
(2)
Amounts are primarily comprised of lease abandonment charges and expenses related to an aircraft accident, partially offset by a gain on the surrender of a lease and an aircraft insurance gain.
(3)
Amounts include costs associated with the exiting of the legacy water treatment and biogas operations and maintenance contracts and the Company's start-up lab in Berkley, California, as well as an impairment charge for certain operating lease right-of-use assets (Note 7) and severance costs related to the restructuring within the Company’s soil remediation business.
(4)
Amounts include non-operational charges incurred due to the remeasurement of finance leases as a result of the adoption of ASC 842 and costs related to the implementation of a new ERP.
Schedule of Revenues by Geographic Location

The following table presents revenues by geographic location for the year ended December 31:

 

 

 

2023

 

 

2022

 

 

2021

 

 

United States

 

$

539,578

 

 

$

523,189

 

 

$

526,672

 

 

Canada

 

 

72,608

 

 

 

12,002

 

 

 

10,358

 

 

Other international

 

 

12,022

 

 

 

9,225

 

 

 

9,383

 

 

Total Revenue

 

$

624,208

 

 

$

544,416

 

 

$

546,413