Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total Revenues $ 25,187 $ 43,377 $ 96,017 $ 97,887
Cost of Revenues:        
Total Cost of Revenues 16,068 30,592 62,766 68,268
Gross Profit 9,119 12,785 33,251 29,619
Operating Expenses:        
Compensation 15,159 15,268 47,770 75,967
General and administrative expenses 7,972 8,539 23,782 26,466
Other operating expenses 4,739 5,300 16,135 13,630
Change in fair value of consideration payable 364 2,811
Impairment of intangible assets 5,143 5,143
Impairment of goodwill 69,111 89,087 69,111 89,087
Total Operating Expenses 97,345 123,337 159,609 210,293
Loss From Operations (88,226) (110,552) (126,358) (180,674)
Other Income (Expense):        
Interest expense (2) (970) (475) (2,373)
Gain (loss) on extinguishment of notes payable 36 (1,000) 36 (1,000)
Change in fair value of derivative and other accrued liabilities 4 (11) 10
Other expense (2) (112) (2) (62)
Dividend and interest income 783 720 2,363 1,320
Total Other Income (Expense) 819 (1,362) 1,911 (2,105)
Loss Before Income Taxes (87,407) (111,914) (124,447) (182,779)
Benefit (provision) for income taxes 18 (807) (174) (1,225)
Net Loss $ (87,389) $ (112,721) $ (124,621) $ (184,004)
Net Loss Per Share:        
Basic $ (0.86) $ (1.74) $ (1.24) $ (3.02)
Diluted $ (0.86) $ (1.74) $ (1.24) $ (3.02)
Weighted Average Number of Common Shares Outstanding:        
Basic 101,113,655 64,626,681 100,676,840 61,006,242
Diluted 101,113,655 64,626,681 100,676,840 61,006,242
Product [Member]        
Revenues:        
Total Revenues $ 13,448 $ 35,059 $ 64,538 $ 76,035
Cost of Revenues:        
Total Cost of Revenues 9,122 24,619 39,965 49,509
Service [Member]        
Revenues:        
Total Revenues 5,254 3,859 15,217 11,111
Cost of Revenues:        
Total Cost of Revenues 724 566 1,924 2,196
Network [Member]        
Revenues:        
Total Revenues 2,332 1,973 6,304 5,268
Cost of Revenues:        
Total Cost of Revenues 577 407 1,816 1,339
Warranty [Member]        
Revenues:        
Total Revenues 1,405 849 3,698 2,163
Grant and Rebate [Member]        
Revenues:        
Total Revenues 982 47 1,617 284
Car Sharing Services [Member]        
Revenues:        
Total Revenues 1,168 903 3,467 2,112
Cost of Revenues:        
Total Cost of Revenues 1,156 931 3,302 3,162
Other [Member]        
Revenues:        
Total Revenues 598 687 1,176 914
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 2,982 2,399 9,306 6,285
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 294 561 1,880 2,924
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 1,213 $ 1,109 $ 4,573 $ 2,853