Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 29,537 $ 35,375
Cost of revenues:    
Cost of revenues 14,617 25,615
Depreciation on sharing vehicles 9,835 8,940
Total cost of revenues 24,452 34,555
Gross margin:    
Total gross margin 5,085 820
Other operating expenses:    
General and administrative [1] 31,640 84,650
Selling and marketing [1] 1,935 5,051
Research and development [1] 6,979 10,513
Total operating expenses [1] 40,554 100,214
Loss from operations (35,469) (99,394)
Interest income 7 72
Interest expense (1,969) (1,473)
Other (expense) income, net (5,979) 108,580
(Loss) income before income taxes (43,410) 7,785
Provision for income taxes 908 37
Net (loss) income $ (44,318) $ 7,748
Earnings (loss) per share, basic (in dollars per share) $ (0.14) $ 0.03
Earnings (loss) per share, diluted (in dollars per share) $ (0.14) $ 0.03
Weighted-average shares of common stock outstanding, basic (in shares) 316,240,215 269,825,019
Weighted-average shares of common stock outstanding, diluted (in shares) 316,240,215 280,949,068
Sharing Business    
Revenues:    
Total revenues $ 28,517 $ 30,176
Cost of revenues:    
Cost of revenues 14,080 21,161
Depreciation on sharing vehicles 9,835 8,940
Total cost of revenues 23,915 30,101
Platform Business    
Revenues:    
Total revenues 694 770
Cost of revenues:    
Cost of revenues 282 225
Retail Business    
Revenues:    
Total revenues 326 4,429
Cost of revenues:    
Cost of revenues $ 255 $ 4,229
[1] Includes stock-based compensation expense as is described in Note 10 – Stock-Based Compensation Expense.