v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 68,633,000 $ 66,137,000 $ 204,144,000 $ 206,036,000
Cost of revenue        
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 30,996,000 31,541,000 93,029,000 100,441,000
Operating expenses        
Selling, general and administrative 32,778,000 28,904,000 95,870,000 86,029,000
Depreciation and amortization 14,457,000 13,688,000 43,094,000 40,616,000
Goodwill impairment 78,255,000 0 78,255,000 0
Total operating expenses 125,490,000 42,592,000 217,219,000 126,645,000
Operating loss (87,853,000) (7,996,000) (106,104,000) (21,050,000)
Interest expense, including amortization of deferred financing costs, net 10,615,000 8,206,000 31,217,000 22,127,000
Change in fair value of warrant liability (14,000) (120,000) (14,000) (253,000)
Loss before income taxes (98,454,000) (16,082,000) (137,307,000) (42,924,000)
Income tax benefit (3,093,000) (1,805,000) (3,957,000) (6,285,000)
Net loss $ (95,361,000) $ (14,277,000) $ (133,350,000) $ (36,639,000)
Loss per share:        
Basic (in dollars per share) $ (1.10) $ (0.19) $ (1.65) $ (0.49)
Diluted (in dollars per share) $ (1.10) $ (0.19) $ (1.65) $ (0.49)
Weighted average number of shares outstanding:        
Basic (in shares) 86,655,279 76,240,530 81,046,880 75,514,986
Diluted (in shares) 86,655,279 76,240,530 81,046,880 75,514,986
Other comprehensive loss:        
Net loss $ (95,361,000) $ (14,277,000) $ (133,350,000) $ (36,639,000)
Foreign currency translation adjustment (230,000) (2,215,000) 28,000 (4,711,000)
Comprehensive loss (95,591,000) (16,492,000) (133,322,000) (41,350,000)
Services        
Revenue        
Total revenue 57,046,000 46,448,000 155,619,000 141,796,000
Cost of revenue        
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 22,794,000 16,581,000 57,405,000 50,740,000
Products        
Revenue        
Total revenue 11,587,000 19,689,000 48,525,000 64,240,000
Cost of revenue        
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 8,202,000 $ 14,960,000 $ 35,624,000 $ 49,701,000

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