Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total Revenues $ 126,197 $ 140,598 $ 61,139
Cost of Revenues:      
Total Cost of Revenues 85,416 100,392 46,337
Gross Profit 40,781 40,206 14,802
Operating Expenses:      
Compensation 58,665 92,669 60,602
General and administrative expenses 31,779 35,030 28,426
Other operating expenses 20,391 17,825 15,645
Change in fair value of consideration payable 2,910
Impairment of goodwill 126,984 89,087
Impairment of intangible assets 5,143
Total Operating Expenses 240,729 239,754 104,673
Loss From Operations (199,948) (199,548) (89,871)
Other Income (Expense):      
Interest expense (431) (3,546) (1,529)
Dividend and interest income 2,935 1,909 454
Gain (loss) on extinguishment of notes payable 36 (1,000)
Change in fair value of derivative and other accrued liabilities (10) 8 66
Other expense (22) (372)
Total Other Income (Expense) 2,530 (2,651) (1,381)
Loss Before Income Taxes (197,418) (202,199) (91,252)
Provision for income taxes (714) (1,494) (308)
Net Loss $ (198,132) $ (203,693) $ (91,560)
Net Loss Per Share:      
Basic $ (1.96) $ (3.21) $ (1.94)
Diluted $ (1.96) $ (3.21) $ (1.94)
Weighted Average Number of Common Shares Outstanding:      
Basic 100,844,970 63,466,398 46,922,434
Diluted 100,844,970 63,466,398 46,922,434
Product [Member]      
Revenues:      
Total Revenues $ 81,703 $ 109,416 $ 46,018
Cost of Revenues:      
Total Cost of Revenues 54,164 72,532 31,428
Service [Member]      
Revenues:      
Total Revenues 21,445 15,646 6,866
Cost of Revenues:      
Total Cost of Revenues 2,613 3,540 1,466
Network [Member]      
Revenues:      
Total Revenues 8,716 7,481 4,370
Cost of Revenues:      
Total Cost of Revenues 2,399 1,969 1,463
Warranty [Member]      
Revenues:      
Total Revenues 6,427 3,258 928
Grant and Fee Rebate [Member]      
Revenues:      
Total Revenues 1,704 469 296
Car Sharing Services [Member]      
Revenues:      
Total Revenues 4,667 3,302 1,268
Cost of Revenues:      
Total Cost of Revenues 4,469 4,356 2,137
Other [Member]      
Revenues:      
Total Revenues 1,535 1,026 1,393
Operating Expenses:      
Other operating expenses [1] 15,444 14,482 14,067
Host Provider Fees [Member]      
Cost of Revenues:      
Total Cost of Revenues 12,870 9,140 3,935
Warranty And Repairs And Maintenance [Member]      
Cost of Revenues:      
Total Cost of Revenues 2,602 4,605 2,795
Depreciation and Amortization [Member]      
Cost of Revenues:      
Total Cost of Revenues $ 6,299 $ 4,250 $ 3,113
[1] Includes operating lease expense, insurance expense, office expenses and travel expenses.