$RAIL
FreightCar America, Inc.

2023 Q4 Form 10-Q Financial Statement

#000095017023059464 Filed on November 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $126.6M $61.89M
YoY Change -1.85% -27.81%
Cost Of Revenue $114.5M $52.67M
YoY Change -7.93% -35.13%
Gross Profit $12.10M $9.225M
YoY Change 161.75% 102.57%
Gross Profit Margin 9.56% 14.9%
Selling, General & Admin $7.739M $7.511M
YoY Change 21.89% 5.61%
% of Gross Profit 63.97% 81.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.417M $1.100M
YoY Change 38.24% 4.76%
% of Gross Profit 11.71% 11.92%
Operating Expenses $7.739M $7.511M
YoY Change 21.89% 5.61%
Operating Profit $4.359M $1.401M
YoY Change -352.4% -113.14%
Interest Expense -$2.403M $2.200M
YoY Change -23.23% -129.89%
% of Operating Profit -55.13% 157.03%
Other Income/Expense, Net -$107.0K -$228.0K
YoY Change -235.44% -220.0%
Pretax Income -$2.242M $3.409M
YoY Change -75.87% -119.12%
Income Tax $614.0K $216.0K
% Of Pretax Income 6.34%
Net Earnings -$2.856M $3.193M
YoY Change -70.66% -117.93%
Net Earnings / Revenue -2.26% 5.16%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.10 -$0.03
COMMON SHARES
Basic Shares Outstanding 17.90M 17.90M
Diluted Shares Outstanding 29.54M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.56M $15.40M
YoY Change 6.98% -16.17%
Cash & Equivalents $40.56M $15.38M
Short-Term Investments
Other Short-Term Assets $5.505M $7.400M
YoY Change -55.63% -38.9%
Inventory $125.0M $122.1M
Prepaid Expenses $4.867M $6.239M
Receivables $6.408M $10.70M
Other Receivables $2.926M $1.172M
Total Short-Term Assets $180.4M $157.7M
YoY Change 39.98% 19.54%
LONG-TERM ASSETS
Property, Plant & Equipment $77.20M $29.34M
YoY Change 232.08% 38.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.835M $644.0K
YoY Change 15.48% -85.91%
Total Long-Term Assets $79.04M $71.61M
YoY Change 11.56% 17.14%
TOTAL ASSETS
Total Short-Term Assets $180.4M $157.7M
Total Long-Term Assets $79.04M $71.61M
Total Assets $259.5M $229.3M
YoY Change 29.9% 18.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.90M $51.61M
YoY Change 79.35% 16.17%
Accrued Expenses $7.340M $8.000M
YoY Change -5.4% -10.0%
Deferred Revenue $19.64M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $29.42M $0.00
YoY Change -27.8%
Total Short-Term Liabilities $137.4M $85.46M
YoY Change 29.6% 32.93%
LONG-TERM LIABILITIES
Long-Term Debt $41.27M $31.06M
YoY Change -19.85% -66.09%
Other Long-Term Liabilities $43.57M $562.0K
YoY Change 1061.95% -87.14%
Total Long-Term Liabilities $84.85M $31.62M
YoY Change 53.58% -67.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.4M $85.46M
Total Long-Term Liabilities $84.85M $31.62M
Total Liabilities $222.2M $190.3M
YoY Change -2.68% -10.21%
SHAREHOLDERS EQUITY
Retained Earnings -$142.8M -$139.8M
YoY Change 20.13% 28.09%
Common Stock $210.0K $210.0K
YoY Change 3.45% 4.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.25M -$44.27M
YoY Change
Total Liabilities & Shareholders Equity $259.5M $229.3M
YoY Change 29.9% 18.78%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$2.856M $3.193M
YoY Change -70.66% -117.93%
Depreciation, Depletion And Amortization $1.417M $1.100M
YoY Change 38.24% 4.76%
Cash From Operating Activities $31.18M -$800.0K
YoY Change 24.28% -92.85%
INVESTING ACTIVITIES
Capital Expenditures $3.751M $4.000M
YoY Change -15.44% -799.3%
Acquisitions
YoY Change
Other Investing Activities -$44.00K $0.00
YoY Change
Cash From Investing Activities -$3.751M -$4.000M
YoY Change -15.44% 599.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.247M 8.200M
YoY Change 102.25% -4.66%
NET CHANGE
Cash From Operating Activities 31.18M -800.0K
Cash From Investing Activities -3.751M -4.000M
Cash From Financing Activities -2.247M 8.200M
Net Change In Cash 25.18M 3.400M
YoY Change 28.86% -207.59%
FREE CASH FLOW
Cash From Operating Activities $31.18M -$800.0K
Capital Expenditures $3.751M $4.000M
Free Cash Flow $27.43M -$4.800M
YoY Change 32.81% -54.79%

Facts In Submission

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FREIGHTCAR AMERICA, INC.
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125 South Wacker Drive
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CY2023Q3 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
573000
CY2022Q3 rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
-323000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
650000
rail Pension And Postretirement Liability Activity
PensionAndPostretirementLiabilityActivity
-156000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4113000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10024000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19736000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-21165000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10151000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7782000
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
44000
CY2022Q3 rail Adjustments To Additional Paid In Capital Stock Issued During Period Shares Restricted Stock Award Forfeited
AdjustmentsToAdditionalPaidInCapitalStockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
-62000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
433000
CY2022Q3 rail Equity Fees
EquityFees
1000000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-18848000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-48954000
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3193000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
920000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4386000
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
715000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-44269000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-1656000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-29114000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7949000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
57000
rail Adjustments To Additional Paid In Capital Stock Issued During Period Shares Restricted Stock Award Forfeited
AdjustmentsToAdditionalPaidInCapitalStockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
-69000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1099000
rail Equity Fees
EquityFees
3000000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-18848000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-28584000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20733000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
997000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
106000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3000
rail Stock Appreciation Rights Classification Modification
StockAppreciationRightsClassificationModification
1738000
rail Vesting Of Restricted Stock Units
VestingOfRestrictedStockUnits
145000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1789000
rail Equity Fees
EquityFees
685000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-44269000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20733000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-29114000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3189000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3110000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1873000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
944000
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
0
rail Recognition Of Deferred Income From State And Local Incentives
RecognitionOfDeferredIncomeFromStateAndLocalIncentives
2507000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
1869000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
3258000
rail Income Loss On Pension Settlement
IncomeLossOnPensionSettlement
313000
rail Income Loss On Pension Settlement
IncomeLossOnPensionSettlement
8105000
us-gaap Share Based Compensation
ShareBasedCompensation
524000
us-gaap Share Based Compensation
ShareBasedCompensation
2307000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
8980000
rail Amortization Of Financing Costs And Discounts Including Paid In Kind Interest
AmortizationOfFinancingCostsAndDiscountsIncludingPaidInKindInterest
11309000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-14880000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
435000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
9000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1126000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2603000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
-2320000
rail Increase Decrease In Value Added Tax Receivable
IncreaseDecreaseInValueAddedTaxReceivable
-24634000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
57213000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30110000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2739000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-2779000
rail Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
-1439000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
19644000
rail Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
-3300000
rail Other Assets And Liabilities
OtherAssetsAndLiabilities
-455000
rail Other Assets And Liabilities
OtherAssetsAndLiabilities
-2556000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-26410000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13585000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8971000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3380000
rail Proceeds From Sale Of Property Plant And Equipment And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAndRailcarsAvailableForLease
8356000
rail Proceeds From Sale Of Property Plant And Equipment And Railcars Available For Lease
ProceedsFromSaleOfPropertyPlantAndEquipmentAndRailcarsAvailableForLease
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-615000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3380000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
13254000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
300000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
115172000
rail Proceeds From Long Term Lines Of Credit Less Long Term Debt
ProceedsFromLongTermLinesOfCreditLessLongTermDebt
84396000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
123062000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
75239000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
106000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
57000
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
6000
rail Payments For Cash Settled Stock Appreciation Rights Exercised
PaymentsForCashSettledStockAppreciationRightsExercised
4000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
460000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4492000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9096000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22533000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7869000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37912000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26240000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15379000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18371000
us-gaap Interest Paid Net
InterestPaidNet
3961000
us-gaap Interest Paid Net
InterestPaidNet
6240000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1857000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1110000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
51000
rail Change In Unpaid Construction In Process Non Cash Charges
ChangeInUnpaidConstructionInProcessNonCashCharges
2168000
us-gaap Notes Issued1
NotesIssued1
3161000
us-gaap Notes Issued1
NotesIssued1
1093000
rail Issuance Of Preferred Shares In Exchange Of Term Loan
IssuanceOfPreferredSharesInExchangeOfTermLoan
72688000
rail Issuance Of Preferred Shares In Exchange Of Term Loan
IssuanceOfPreferredSharesInExchangeOfTermLoan
0
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
3014000
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
8560000
rail Issuance Of Equity Fee
IssuanceOfEquityFee
685000
rail Issuance Of Equity Fee
IssuanceOfEquityFee
3000000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
rail Income Loss On Pension Settlement
IncomeLossOnPensionSettlement
313000
rail Income Loss On Pension Settlement
IncomeLossOnPensionSettlement
8105000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Note 1 – Description of the Business</span></p><p style="text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">FreightCar America, Inc. (“FreightCar” or the “Company”), operating primarily in North America through its direct and indirect subsidiaries, is a leading designer, producer and supplier of railroad freight cars including coal cars, bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars and boxcars, as well as railcar parts and components. The Company also specializes in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. The Company is headquartered in Chicago, Illinois, with facilities in Johnstown, Pennsylvania; Shanghai, People’s Republic of China; and Castaños, Coahuila, Mexico (the “Castaños Facility”).</span></p>
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61747000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
84944000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230365000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
233320000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
147000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
799000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1124000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2445000
CY2023Q3 us-gaap Revenues
Revenues
61894000
CY2022Q3 us-gaap Revenues
Revenues
85743000
us-gaap Revenues
Revenues
231489000
us-gaap Revenues
Revenues
235765000
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
19644
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
219
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14850
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5106000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4078000
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
79250000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
46421000
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
26339000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4527000
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11911000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8783000
CY2023Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4571000
CY2022Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
4586000
CY2023Q3 us-gaap Inventory Net
InventoryNet
122071000
CY2022Q4 us-gaap Inventory Net
InventoryNet
64317000
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2137000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1672000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
31062000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
99487000
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5262000
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1989000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
31062000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
92236000
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
40742000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
31062000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
51494000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
rail Amendment To Reimbursement Agreement
AmendmentToReimbursementAgreement
280000
CY2020Q4 rail Class Of Warrant Or Right Percentage Of Oustanding Common Shares
ClassOfWarrantOrRightPercentageOfOustandingCommonShares
0.23
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P10Y
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
8712618
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
6799139
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
8550201
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29543963
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25718414
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
31028000
us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
3544000
rail Change In Fair Value
ChangeInFairValue
1869000
CY2023Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
36441000
CY2021Q4 rail Rent Under Forbearance Agreement
RentUnderForbearanceAgreement
715000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
715000
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
817000
us-gaap Share Based Compensation
ShareBasedCompensation
524000
us-gaap Share Based Compensation
ShareBasedCompensation
2307000
rail Description Of Contract
DescriptionOfContract
The contracts have terms between one and 12 months and require the Company to exchange currencies at agreed-upon rates at each settlement date
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28064410
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24470659
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29543963
CY2023Q3 us-gaap Profit Loss
ProfitLoss
3193000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-17806000
us-gaap Profit Loss
ProfitLoss
-20733000
us-gaap Profit Loss
ProfitLoss
-29114000
CY2023Q3 us-gaap Accretion Expense
AccretionExpense
146000
CY2022Q3 us-gaap Accretion Expense
AccretionExpense
0
us-gaap Accretion Expense
AccretionExpense
203000
us-gaap Accretion Expense
AccretionExpense
0
CY2023Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
3923000
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
0
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
5535000
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
0
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-876000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17806000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26471000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29114000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-876000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17806000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-26471000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-29114000
CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17044251
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16158516
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16937968
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
15920458
CY2023Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
12499712
CY2022Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
9559898
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
11126442
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25718414
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28064410
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24470659
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6222085
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1578118
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5996646
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1687216
CY2023Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1172000
CY2023Q3 rail Related Party Accounts Payable
RelatedPartyAccountsPayable
1569000
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
3261000
CY2022Q4 rail Related Party Accounts Payable
RelatedPartyAccountsPayable
3393000
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.063
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
rail Effective Tax Rate Description
EffectiveTaxRateDescription
The effective tax rate for the third quarter of 2022 was lower than the 21% U.S. statutory tax rate primarily due to earnings from international jurisdictions and permanent differences, predominantly in Mexico, taxed at higher tax rates and a full valuation allowance in the U.S
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.045
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.069
rail Effective Tax Rate Description
EffectiveTaxRateDescription
The effective tax rate for the third quarter of 2022 was lower than the 21% U.S. statutory tax rate primarily due to earnings from international jurisdictions and permanent differences and discrete events, predominantly Mexico, taxed at higher tax rates and a full valuation allowance in the U.S

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