Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables provides information about the Company’s segments and a reconciliation of the total segment gross margin to loss before income taxes (in thousands):
Three Months Ended September 30,
2022 2021
North America EMEA Other
Total
Segments
North America EMEA Other
Total
Segments
(Restated) (Restated)
Revenues:
Sharing $ 47,409  $ 21,293  $ 62  $ 68,765  $ 41,785  $ 17,944  $ —  $ 59,729 
Product sales 3,995  99  —  4,094  812  567  —  1,379 
Total revenues 51,404  21,392  62  $ 72,859  42,597  18,511  —  $ 61,108 
Cost of revenues:
Cost of sharing, exclusive of depreciation 20,472  11,443  29  31,944  24,685  9,570  —  34,255 
Depreciation on sharing vehicles 8,540  3,127  14  11,681  6,871  10,382  —  17,253 
Cost of product sales 1,523  —  —  1,523  897  481  —  1,378 
Impairment of product sales inventory —  —  —  —  —  —  —  — 
Total cost of revenues 30,535  14,570  43  $ 45,148  32,453  20,433  —  $ 52,886 
Gross margin:
Sharing 18,397  6,723  19  25,140  10,229  (2,008) —  8,221 
Product sales 2,472  99  —  2,571  (85) 86  — 
Total gross margin $ 20,869  $ 6,822  $ 19  $ 27,711  $ 10,144  $ (1,922) $ —  $ 8,222 
Reconciling items:
Total expenses $ 37,088  $ 50,351 
Loss before income taxes $ (9,377) $ (42,129)
Nine Months Ended September 30,
2022 2021
North America EMEA Other Total
 Segments
North America EMEA Other Total
 Segments
(Restated) (Restated)
Revenues:
Sharing $ 114,736  $ 47,272  $ 229  $ 162,237  $ 98,652  $ 33,550  $ —  $ 132,202 
Product sales 12,196  566  —  12,762  $ 7,274  1,532  —  8,806 
Total revenues 126,932  47,838  229  174,999  105,926  35,082  —  141,008 
Cost of revenues:
Cost of sharing, exclusive of depreciation 59,281  28,034  96  87,411  62,557  16,627  —  79,184 
Depreciation on sharing vehicles 22,361  16,630  54  39,045  14,285  19,526  —  33,811 
Cost of product sales 11,190  290  —  11,480  7,681  1,345  —  9,026 
Impairment of product sales inventory 31,769  —  —  31,769  —  —  —  — 
Total cost of revenues 124,601  44,954  150  169,705  84,523  37,498  $ —  122,021 
Gross margin:
Sharing 33,094  2,608  79  35,781  21,810  (2,603) —  19,207 
Product sales (30,763) 276  —  (30,487) (407) 187  —  (220)
Total gross margin $ 2,331  $ 2,884  $ 79  $ 5,294  $ 21,403  $ (2,416) $ —  $ 18,987 
Reconciling items:
Total expenses $ 327,113  $ 187,075 
Loss before income taxes $ (321,819) $ (168,088)