Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Total revenue $ 276,610,000 $ 268,447,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 128,563,000 129,154,000
Operating expenses    
Depreciation and amortization 58,363,000 54,499,000
Goodwill impairment 78,257,000 58,074,000
Total operating expenses 266,808,000 224,665,000
Operating loss (118,761,000) (85,372,000)
Other expense (income)    
Interest income (552,000) (464,000)
Loss on extinguishment of debt 2,584,000 0
Other expense, net 739,000 128,000
Loss before income taxes (171,200,000) (116,617,000)
Income tax benefit (4,158,000) (10,417,000)
Net loss $ (167,042,000) $ (106,200,000)
Loss per share:    
Basic (in dollars per share) $ (1.99) $ (1.40)
Diluted (in dollars per share) $ (1.99) $ (1.40)
Weighted average shares outstanding:    
Basic (in shares) 83,808,227 75,710,904
Diluted (in shares) 83,808,227 75,710,904
Comprehensive loss    
Net loss $ (167,042,000) $ (106,200,000)
Other comprehensive loss:    
Foreign currency translation adjustment 320,000 (2,927,000)
Comprehensive loss (166,722,000) (109,127,000)
Nonrelated Party    
Operating expenses    
Selling, general, and administrative expenses 129,816,000 109,492,000
Other expense (income)    
Interest expense, including amortization of deferred financing costs 40,625,000 31,835,000
Affiliate    
Operating expenses    
Selling, general, and administrative expenses 372,000 2,600,000
Other expense (income)    
Interest expense, including amortization of deferred financing costs 2,607,000 0
Change in fair value of warrant liabilities to affiliates 6,436,000 (254,000)
Services    
Revenues    
Total revenue 212,645,000 188,985,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 82,547,000 67,268,000
Products    
Revenues    
Total revenue 63,965,000 79,462,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 46,016,000 $ 61,886,000