Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total revenue $ 66,640 $ 67,878 $ 205,934 $ 183,919
Cost of revenue        
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 31,569 34,964 100,415 88,675
Operating expenses        
Selling, general and administrative 28,841 26,001 85,883 66,525
Depreciation and amortization 13,709 12,440 40,679 37,947
Total operating expenses 42,550 38,441 126,562 104,472
Operating loss (7,479) (5,527) (21,043) (9,228)
Interest expense, including amortization of deferred financing costs, net 8,206 5,589 22,127 16,155
Change in fair value of warrant liability (120) (2,898) (253) (5,281)
Loss before income taxes (15,565) (8,218) (42,917) (20,102)
Income tax expense (benefit)        
Current 669 179 3,031 569
Deferred (3,209) (3,889) (10,875) (8,197)
Total income tax benefit (2,540) (3,710) (7,844) (7,628)
Net loss $ (13,025) $ (4,508) $ (35,073) $ (12,474)
Loss per share:        
Basic (in dollars per share) $ (0.17) $ (0.26) $ (0.46) $ (0.98)
Diluted (in dollars per share) $ (0.17) $ (0.26) $ (0.46) $ (0.98)
Weighted average number of shares outstanding:        
Basic (in shares) 76,240,530 32,098,715 75,514,986 31,799,313
Diluted (in shares) 76,240,530 32,098,715 75,514,986 31,799,313
Services        
Revenue        
Total revenue $ 46,410 $ 48,428 $ 141,694 $ 139,866
Cost of revenue        
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 16,609 17,379 50,714 51,417
Products        
Revenue        
Total revenue 20,230 19,450 64,240 44,053
Cost of revenue        
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 14,960 $ 17,585 $ 49,701 $ 37,258