Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.23.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Total revenue $ 65,975 $ 68,978
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 30,317 35,273
Operating expenses    
Selling, general and administrative 30,200 27,717
Depreciation and amortization 14,125 13,175
Total operating expenses 44,325 40,892
Operating loss (8,667) (7,187)
Interest expense, including amortization of deferred financing costs, net 10,195 6,624
Change in fair value of warrant liability (3) (27)
Loss before income taxes (18,859) (13,784)
Income tax benefit (369) (2,212)
Net loss $ (18,490) $ (11,572)
Loss per share:    
Basic (in dollars per share) $ (0.24) $ (0.16)
Diluted (in dollars per share) $ (0.24) $ (0.16)
Weighted average common shares outstanding    
Basic (in shares) 76,524,735 74,040,261
Diluted (in shares) 76,524,735 74,040,261
Services    
Revenue    
Total revenue $ 47,550 $ 47,543
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 16,543 17,550
Products    
Revenue    
Total revenue 18,425 21,435
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 13,774 $ 17,723