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

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total Revenues $ 103,520 $ 124,037 $ 140,598
Cost of Revenues:      
Total Cost of Revenues 78,017 86,392 100,392
Gross Profit 25,503 37,645 40,206
Operating Expenses:      
Compensation 49,478 58,665 92,669
General and administrative expenses 29,349 31,887 35,052
Other operating expenses 21,355 20,391 17,825
Change in fair value of consideration payable and earn-out liabilities (9,238) 2,910
Impairment of goodwill 17,897 126,984 89,087
Impairment of intangible assets 762 5,143
Total Operating Expenses 109,603 240,837 239,776
Loss From Operations (84,100) (203,192) (199,570)
Other Income (Expense):      
Interest income (expense) 19 (431) (3,546)
Dividend and interest income 1,021 2,935 1,909
Gain (loss) on extinguishment of notes payable 36 (1,000)
Change in fair value of derivatives and other accrued liabilities (8) (10) 8
Total Other Income (Expense), Net 1,032 2,530 (2,629)
Loss Before Income Taxes (83,068) (200,662) (202,199)
Provision for income taxes (317) (656) (1,494)
Net Loss $ (83,385) $ (201,318) $ (203,693)
Net Loss Per Share:      
Basic $ (0.76) $ (2.00) $ (3.21)
Diluted $ (0.76) $ (2.00) $ (3.21)
Weighted Average Number of Common Shares Outstanding:      
Basic 109,107,002 100,844,970 63,466,398
Diluted 109,107,002 100,844,970 63,466,398
Product [Member]      
Revenues:      
Total Revenues $ 46,961 $ 81,703 $ 109,416
Cost of Revenues:      
Total Cost of Revenues 41,715 55,796 72,532
Service [Member]      
Revenues:      
Total Revenues 32,285 21,445 15,646
Cost of Revenues:      
Total Cost of Revenues 4,524 2,613 3,540
Network [Member]      
Revenues:      
Total Revenues 12,200 7,952 7,481
Cost of Revenues:      
Total Cost of Revenues 2,254 2,399 1,969
Warranty [Member]      
Revenues:      
Total Revenues 3,842 5,687 3,258
Grant and Fee Rebate [Member]      
Revenues:      
Total Revenues 310 1,048 469
Car Sharing Services [Member]      
Revenues:      
Total Revenues 4,809 4,667 3,302
Cost of Revenues:      
Total Cost of Revenues 4,266 4,469 4,356
Other [Member]      
Revenues:      
Total Revenues 3,113 1,535 1,026
Operating Expenses:      
Other operating expenses [1] 15,089 15,444 14,482
Host Provider Fees [Member]      
Cost of Revenues:      
Total Cost of Revenues 17,665 12,870 9,140
Warranty And Repairs And Maintenance [Member]      
Cost of Revenues:      
Total Cost of Revenues 3,538 2,602 4,605
Depreciation and Amortization [Member]      
Cost of Revenues:      
Total Cost of Revenues $ 4,055 $ 5,643 $ 4,250
[1] Includes operating lease expense, issuance expense, office expenses and travel expenses.