Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 48,334 $ 66,765 $ 77,871 $ 102,139
Cost of revenues:        
Cost of revenues 21,301 39,814 35,918 65,429
Depreciation on sharing vehicles 7,683 18,424 17,518 27,364
Impairment of product sales inventory     0 31,769
Total cost of revenues 28,984 90,007 53,436 124,562
Total gross profit (loss) 19,350 (23,242) 24,435 (22,423)
Other operating expenses:        
General and administrative 30,424 84,393 62,064 169,043
Selling and marketing 1,184 5,359 3,119 10,410
Research and development 3,734 12,324 10,713 22,837
Impairment of assets 0 215,822 0 215,822
Loss on Disposal of Fixed Assets 741 0 741 0
Total operating expenses 36,083 317,898 76,637 418,112
Loss from operations (16,733) (341,140) (52,202) (440,535)
Interest income 105 8 112 81
Interest expense (1,905) (2,618) (3,874) (4,092)
Other income, net 8,267 23,518 2,288 132,098
Loss before income taxes (10,266) (320,232) (53,676) (312,448)
(Benefit from) provision for income taxes (956) 84 (48) 121
Net loss $ (9,310) $ (320,316) $ (53,628) $ (312,569)
Loss per share        
Loss per share, basic (in dollars per share) $ (0.73) $ (29.04) $ (4.22) $ (28.45)
Loss per share, diluted (in dollars per share) $ (0.73) $ (29.04) $ (4.22) $ (28.45)
Weighted-average shares of common stock outstanding, basic and diluted        
Weighted-average shares of common stock outstanding, basic (in shares) 12,778,686 11,031,487 12,714,504 10,987,881
Weighted-average shares of common stock outstanding, diluted (in shares) 12,778,686 11,092,344 12,714,504 11,029,365
Revenues from sharing        
Revenues:        
Total revenues $ 46,764 $ 60,623 $ 75,281 $ 90,830
Cost of revenues:        
Cost of revenues 20,364 33,551 34,444 54,603
Depreciation on sharing vehicles 7,683 18,424 17,518 27,364
Total cost of revenues 28,047 51,975 51,962 81,967
Revenues from platform partner services        
Revenues:        
Total revenues 662 1,867 1,356 2,606
Cost of revenues:        
Cost of revenues 324 529 606 863
Product Sales        
Revenues:        
Total revenues 908 4,275 1,234 8,703
Cost of revenues:        
Cost of revenues 613 5,734 868 9,963
Impairment of product sales inventory $ 0 $ 31,769 $ 0 $ 31,769