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 $ 66,765 $ 55,654 $ 102,139 $ 79,901
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 45,505 124,562 69,135
Gross margin:        
Total gross margin (23,242) 10,149 (22,423) 10,766
Other income (expense), net 23,518 (14,462) 132,098 (50,114)
Other operating expenses:        
General and administrative [1] 84,393 31,765 169,043 61,144
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 81,924
Loss from operations (341,140) (31,590) (440,535) (71,158)
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 (320,232) (49,166) (312,448) (125,958)
Provision for income taxes 84 110 121 130
Net loss $ (320,316) $ (49,276) $ (312,569) $ (126,088)
Loss per share attributable to common stockholders, basic (dollars per share) $ (1.18) $ (1.12) $ (1.15) $ (2.79)
Loss per share attributable to common stockholders, diluted (dollars per share) $ (1.18) $ (1.12) $ (1.15) $ (2.79)
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 $ 62,498 $ 52,248 $ 93,471 $ 72,474
Cost of revenues:        
Cost of sharing, exclusive of depreciation 34,086 30,531 55,472 44,929
Depreciation on sharing vehicles     27,364 16,558
Gross margin:        
Total gross margin 9,988 10,176 10,635 10,987
Product sales        
Revenues:        
Total revenues 4,267 3,406 8,668 7,427
Cost of revenues:        
Cost of sharing, exclusive of depreciation 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.