Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 54,330,000 $ 72,859,000 $ 132,201,000 $ 174,999,000
Cost of revenues:        
Cost of revenues 25,680,000 33,467,000 61,598,000 98,891,000
Depreciation on sharing vehicles 9,411,000 11,681,000 26,929,000 39,045,000
Impairment of product sales inventory     0 31,769,000
Total cost of revenues 35,091,000 45,148,000 88,527,000 169,705,000
Total gross profit 19,239,000 27,711,000 43,674,000 5,294,000
Other operating expenses:        
General and administrative 31,390,000 16,876,000 93,454,000 185,919,000
Selling and marketing 963,000 3,177,000 4,082,000 13,587,000
Research and development 1,412,000 9,386,000 12,125,000 32,223,000
Impairment of assets 0 0 0 215,822,000
Loss on Disposal of Fixed Assets 107,000 0 848,000 0
Total operating expenses 33,872,000 29,439,000 110,509,000 447,551,000
Loss from operations (14,633,000) (1,728,000) (66,835,000) (442,257,000)
Interest income 6,000 14,000 118,000 95,000
Interest expense (2,020,000) (3,779,000) (5,894,000) (7,871,000)
Other income (expense), net 86,000 (3,884,000) 2,374,000 128,214,000
Loss before income taxes (16,561,000) (9,377,000) (70,237,000) (321,819,000)
Provision for income taxes 3,251,000 389,000 3,203,000 515,000
Net loss $ (19,812,000) $ (9,766,000) $ (73,440,000) $ (322,334,000)
Loss per share        
Basic (in dollars per share) $ (1.47) $ (0.86) $ (5.66) $ (28.98)
Diluted (in dollars per share) $ (1.47) $ (0.86) $ (5.66) $ (28.98)
Weighted-average shares of common stock outstanding, basic and diluted        
Basic (shares) 13,485,315 11,387,016 12,974,265 11,122,388
Diluted (shares) 13,485,315 11,387,016 12,974,265 11,122,388
Revenues from sharing        
Revenues:        
Total revenues $ 51,923,000 $ 67,279,000 $ 127,204,000 $ 158,109,000
Cost of revenues:        
Cost of revenues 23,666,000 31,262,000 58,110,000 85,665,000
Depreciation on sharing vehicles 9,411,000 11,681,000 26,929,000 39,045,000
Cost of product sales 33,077,000 42,943,000 85,039,000 124,710,000
Revenues from platform partner services        
Revenues:        
Total revenues 923,000 1,479,000 2,279,000 4,085,000
Cost of revenues:        
Cost of revenues 391,000 579,000 997,000 1,447,000
Revenues from product sales        
Revenues:        
Total revenues 1,484,000 4,101,000 2,718,000 12,805,000
Cost of revenues:        
Cost of revenues 1,623,000 1,626,000 2,491,000 11,779,000
Impairment of product sales inventory $ 0 $ 0 $ 0 $ 31,769,000