Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 76,662 $ 60,044 $ 114,640 $ 85,714
Cost of revenues:        
Depreciation on sharing vehicles 18,424 11,541 27,364 16,558
Impairment of product sales inventory     31,769 0
Total cost of revenues 90,007 44,305 124,562 67,935
Gross margin:        
Total gross margin (13,345) 15,739 (9,922) 17,779
Other operating expenses:        
General and administrative [1] 84,393 31,765 169,043 61,955
Selling and marketing [1] 5,359 3,981 10,410 7,488
Research and development [1] 12,324 5,993 22,837 13,292
Impairment of assets 215,822 0 215,822 0
Total operating expenses [1] 317,898 41,739 418,112 82,735
Loss from operations (331,243) (26,000) (428,034) (64,956)
Interest expense, net (2,610) (3,114) (4,011) (4,686)
Other income (expense), net 23,518 (14,462) 132,098 (50,114)
Loss before income taxes (310,335) (43,576) (299,947) (119,756)
Provision for income taxes 84 110 121 130
Net loss $ (310,419) $ (43,686) $ (300,068) $ (119,886)
Loss per share attributable to common stockholders, basic (dollars per share) $ (1.14) $ (1.01) $ (1.11) $ (2.67)
Loss per share attributable to common stockholders, diluted (dollars per share) $ (1.14) $ (1.01) $ (1.11) $ (2.67)
Weighted-average shares of common stock outstanding, basic (shares) [2] 272,017,438 49,723,885 270,927,285 48,114,106
Weighted-average shares of common stock outstanding, diluted (shares) [2] 272,017,438 49,723,885 270,927,285 48,114,106
Sharing        
Revenues:        
Total revenues $ 72,395 $ 56,638 $ 105,972 $ 78,287
Cost of revenues:        
Cost of revenues 34,086 29,331 55,472 43,729
Depreciation on sharing vehicles     27,364 16,558
Gross margin:        
Total gross margin 19,885 15,766 23,136 18,000
Product sales        
Revenues:        
Total revenues 4,267 3,406 8,668 7,427
Cost of revenues:        
Cost of revenues 5,728 3,433 9,957 7,648
Impairment of product sales inventory 31,769 0 31,769 0
Gross margin:        
Total gross margin $ (33,230) $ (27) $ (33,058) $ (221)
[1]
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
General and administrative 38,433  989  83,111  2,093 
Sales and marketing 625  102  1,466  281 
Research and development 4,592  192  7,777  394 
Stock-based compensation expense $ 43,650  $ 1,283  $ 92,354  $ 2,768 
[2] Weighted-average shares outstanding have been retroactively restated for the three and six months ended June 30, 2021 to give effect to the Business Combination.