v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue, net $ 8,449 $ 7,716 $ 24,452 $ 25,354
Cost of revenue 4,758 4,055 13,710 13,271
Gross profit 3,691 3,661 10,742 12,083
Operating expenses        
Selling, general and administrative 7,605 4,399 20,516 10,613
Research and development 2,572 1,673 6,992 4,099
Total operating expenses 10,177 6,072 27,508 14,712
Loss from operations (6,486) (2,411) (16,766) (2,629)
Other income (expense)        
Long-term debt forgiveness 0 0 0 2,000
Change in fair value of earnout liability 1,784 0 1,784 0
Change in fair value of warrant liabilities 31 5,088 1,558 5,088
Interest expense (7) (126) (7) (407)
Interest income 21 1 23 1
Other income 110 0 149 1
Total other income (expense), net 1,939 4,963 3,507 6,683
(Loss) income before income tax expense (benefit) (4,547) 2,552 (13,259) 4,054
Income tax expense (benefit) 3 0 2 (71)
Net (loss) income (4,550) 2,552 (13,261) 4,125
Deemed dividend - Earnout Shares 0 (18,132) 0 (18,132)
Net loss attributable to common stockholders $ (4,550) $ (15,580) $ (13,261) $ (14,007)
Net (loss) income per share:        
Basic (in USD per shares) $ (0.09) $ 0.07 $ (0.25) $ 0.11
Diluted (in USD per shares) (0.09) 0.07 (0.25) 0.11
Net loss per share attributable to common stockholders        
Basic (in USD per shares) (0.09) (0.41) (0.25) (0.38)
Diluted (in USD per shares) $ (0.09) $ (0.41) $ (0.25) $ (0.38)
Weighted average common shares outstanding:        
Basic (in shares) [1] 53,185,561 37,932,345 52,985,344 37,351,244
Diluted (in shares) [1] 53,185,561 37,932,345 52,985,344 37,351,244
Other comprehensive loss        
Foreign currency translation adjustment $ (125) $ (22) $ (351) $ (39)
Comprehensive loss $ (4,675) $ (15,602) $ (13,612) $ (14,046)
[1] Retroactively restated the common shares for 2021 due to the reverse recapitalization as described in Notes 1 and 11.

Source