Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total Revenues $ 28,667 $ 33,262 $ 49,421 $ 70,830
Cost of Revenues:        
Total Cost of Revenues 26,573 22,549 39,958 46,698
Gross Profit 2,094 10,713 9,463 24,132
Operating Expenses:        
Compensation 13,772 17,654 27,321 32,611
General and administrative expenses 11,808 8,003 20,680 15,810
Other operating expenses 6,939 4,958 12,288 11,396
Change in fair value of consideration payable 1,784 747 2,463 2,447
Total Operating Expenses 34,303 31,362 62,752 62,264
Loss From Operations (32,209) (20,649) (53,289) (38,132)
Other Income (Expense):        
Interest income (expense) 71 (46) 15 (473)
Change in fair value of derivative and other accrued liabilities (9) (17) (7) (15)
Dividend and interest income 283 817 738 1,580
Total Other Income 345 754 746 1,092
Loss Before Income Taxes (31,864) (19,895) (52,543) (37,040)
Provision for income taxes (95) (164) (123) (192)
Net Loss $ (31,959) $ (20,059) $ (52,666) $ (37,232)
Net Loss Per Share:        
Basic $ (0.31) $ (0.20) $ (0.51) $ (0.37)
Diluted $ (0.31) $ (0.20) $ (0.51) $ (0.37)
Weighted Average Number of Common Shares Outstanding:        
Basic 102,899,705 101,009,593 102,684,303 100,456,032
Diluted 102,899,705 101,009,593 102,684,303 100,456,032
Product [Member]        
Revenues:        
Total Revenues $ 14,508 $ 23,582 $ 22,889 $ 51,090
Cost of Revenues:        
Total Cost of Revenues 17,036 14,241 22,584 30,843
Service [Member]        
Revenues:        
Total Revenues 7,691 4,936 14,471 9,963
Cost of Revenues:        
Total Cost of Revenues 1,062 495 1,966 1,200
Network [Member]        
Revenues:        
Total Revenues 2,954 1,907 5,580 3,972
Cost of Revenues:        
Total Cost of Revenues 636 650 1,099 1,239
Warranty [Member]        
Revenues:        
Total Revenues 1,582 1,340 2,537 2,293
Grant and Fee Rebate [Member]        
Revenues:        
Total Revenues 32 52 192 635
Car-Sharing Services [Member]        
Revenues:        
Total Revenues 1,111 1,202 2,286 2,299
Cost of Revenues:        
Total Cost of Revenues 1,066 1,284 1,751 2,146
Other [Member]        
Revenues:        
Total Revenues 789 243 1,466 578
Operating Expenses:        
Other operating expenses [1] 5,473 3,591 9,029 9,147
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 4,275 3,282 7,927 6,324
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 1,291 981 2,131 1,586
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 1,207 $ 1,616 $ 2,500 $ 3,360
[1] Includes operating lease expense, insurance expense, office expenses and travel expenses.