Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total revenue $ 75,975 $ 65,975
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 34,213 30,317
Operating expenses    
Depreciation and amortization 13,606 14,125
Total operating expenses 49,143 44,325
Operating loss (7,381) (8,667)
Other expense (income)    
Interest income (300) (130)
Other expense, net 307 5
Loss before income taxes (18,007) (18,859)
Income tax benefit (420) (369)
Net loss $ (17,587) $ (18,490)
Loss per share:    
Basic (in dollars per share) $ (0.19) $ (0.24)
Diluted (in dollars per share) $ (0.19) $ (0.24)
Weighted average shares outstanding:    
Basic (in shares) 94,960,371 76,524,735
Diluted (in shares) 94,960,371 76,524,735
Comprehensive loss    
Net loss $ (17,587) $ (18,490)
Other comprehensive loss:    
Foreign currency translation adjustment 240 128
Comprehensive loss (17,347) (18,362)
Nonrelated Party    
Operating expenses    
Selling, general, and administrative expenses 35,537 30,011
Other expense (income)    
Interest expense, including amortization of deferred financing costs 7,753 10,320
Affiliate    
Operating expenses    
Selling, general, and administrative expenses 0 189
Other expense (income)    
Interest expense, including amortization of deferred financing costs 5,187 0
Change in fair value of warrant liabilities to affiliates (2,321) (3)
Services    
Revenue    
Total revenue 59,640 47,550
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 23,946 16,543
Products    
Revenue    
Total revenue 16,335 18,425
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 10,267 $ 13,774