Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenue $ 80,268 $ 43,375
Cost of revenue 40,327 18,720
Gross profit 39,941 24,655
Operating expenses    
Research and development 35,153 31,615
Sales and marketing 28,502 20,387
General and administrative 44,831 40,479
Loss on decommissioned satellite 549 0
Total operating expenses 109,035 92,481
Loss from operations (69,094) (67,826)
Other income (expense)    
Interest income 948 23
Interest expense (13,955) (11,417)
Change in fair value of contingent earnout liability 9,677 48,248
Change in fair value of warrant liabilities 8,757 (1,600)
Loss on extinguishment of debt (22,510) (3,255)
Other expense, net (2,912) (1,766)
Total other (expense) income, net (19,995) 30,233
Loss before income taxes (89,089) (37,593)
Income tax provision 322 497
Net loss $ (89,411) $ (38,090)
Basic net income (loss) per share $ (0.64) $ (0.61)
Diluted net income (loss) per share $ (0.64) $ (0.61)
Weighted Average Number of Shares Outstanding, Basic 139,879,423 62,137,434
Weighted Average Number of Shares Outstanding, Diluted 139,879,423 62,137,434