Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 72,859 $ 61,108 $ 174,999 $ 141,008
Cost of revenues:        
Depreciation on sharing vehicles 11,681 17,253 39,045 33,811
Impairment of product sales inventory     31,769 0
Total cost of revenues 45,148 52,886 169,705 122,021
Gross margin:        
Total gross margin 27,711 8,222 5,294 18,987
Other operating expenses:        
General and administrative [1] 16,876 30,837 185,919 91,981
Selling and marketing [1] 3,177 3,392 13,587 10,880
Research and development [1] 9,386 5,804 32,223 19,096
Impairment of assets 0 0 215,822 0
Total operating expenses [1] 29,439 40,033 447,551 121,957
Loss from operations (1,728) (31,811) (442,257) (102,970)
Interest expense, net (3,765) (325) (7,776) (5,011)
Other (expense) income, net (3,884) (9,993) 128,214 (60,107)
Loss before income taxes (9,377) (42,129) (321,819) (168,088)
Provision for (benefit from) income taxes 389 (20) 515 110
Net loss $ (9,766) $ (42,109) $ (322,334) $ (168,198)
Loss per share attributable to common stockholders, basic (in dollars per share) $ (0.03) $ (0.92) $ (1.18) $ (3.69)
Loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.03) $ (0.92) $ (1.18) $ (3.69)
Weighted-average shares of common stock outstanding, basic (in shares) [2] 280,905,659 51,153,109 274,289,960 49,138,273
Weighted-average shares of common stock outstanding, diluted (in shares) [2] 280,905,659 51,153,109 274,289,960 49,138,273
Sharing        
Revenues:        
Total revenues $ 68,765 $ 59,729 $ 162,237 $ 132,202
Cost of revenues:        
Cost of revenues 31,944 34,255 87,411 79,184
Depreciation on sharing vehicles     39,045 33,811
Gross margin:        
Total gross margin 25,140 8,221 35,781 19,207
Product sales        
Revenues:        
Total revenues 4,094 1,379 12,762 8,806
Cost of revenues:        
Cost of revenues 1,523 1,378 11,480 9,026
Impairment of product sales inventory 0 0 31,769 0
Gross margin:        
Total gross margin $ 2,571 $ 1 $ (30,487) $ (220)
[1]
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
General and administrative $ (13,768) $ 1,259  $ 69,343  $ 3,352 
Sales and marketing 560  94  2,026  375 
Research and development 2,892  175  10,669  569 
Stock-based compensation expense $ (10,316) $ 1,528  $ 82,038  $ 4,296 
[2] Weighted-average shares outstanding have been retroactively restated for the three and nine months ended September 30, 2021 to give effect to the Business Combination.