Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue, net of customer refunds $ 12,366 $ 11,131 $ 21,593 $ 20,079
Cost of revenues 45,694 14,580 66,779 27,191
Gross loss (33,328) (3,449) (45,186) (7,112)
Operating expenses        
Research and development 1,194 1,428 4,662 5,180
Selling, general and administrative 13,503 14,897 41,376 39,055
Total operating expenses 14,697 16,325 46,038 44,235
Loss from operations (48,025) (19,774) (91,224) (51,347)
Other (income) expense, net        
Interest expense, net 3,867 3,758 10,488 11,468
(Gain) loss from change in fair value of warrant liabilities (10) (536) (60) (1,850)
(Gain) loss from change in fair value of derivative liability 353 (3,728) 290 (16,370)
(Gain) loss from change in earnout liability (446) (18,054) (2,265) (68,357)
(Gain) loss on extinguishment of debt 0 0 (2,965) 0
Other expense (income), net (1,117) 17 (1,157) 11
Total other (income) expense, net 2,647 (18,543) 4,331 (75,098)
Net income (loss) $ (50,672) $ (1,231) $ (95,555) $ 23,751
Net income (loss) per share, basic (in dollars per share) $ (7.84) $ (0.33) $ (16.79) $ 6.30
Net income (loss) per share, diluted (in dollars per share) $ (7.84) $ (0.33) $ (16.79) $ 4.50
Weighted-average shares outstanding, basic (in shares) 6,460,511 3,787,269 5,691,036 3,771,472
Weighted-average shares outstanding, diluted (in shares) 6,460,511 3,787,269 5,691,036 4,268,720