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
Income Statement [Abstract]        
Revenue $ 26,493 $ 19,395 $ 50,661 $ 37,465
Cost of revenue 9,633 9,573 19,993 19,419
Gross profit 16,860 9,822 30,668 18,046
Operating expenses:        
Research and development 9,752 8,225 19,415 16,882
Sales and marketing 6,729 6,728 13,579 13,633
General and administrative 10,899 11,274 22,669 23,958
Loss on decommissioned satellites 472 0 472 0
Total operating expenses 27,852 26,227 56,135 54,473
Loss from operations (10,992) (16,405) (25,467) (36,427)
Other income (expense):        
Interest income 636 106 1,201 120
Interest expense (4,709) (2,785) (9,287) (5,828)
Change in fair value of contingent earnout liability 128 2,370 204 9,253
Change in fair value of warrant liabilities 357 3,897 1,103 9,732
Foreign exchange (435) (2,605) 589 (3,540)
Loss on extinguishment of debt 0 (22,510) 0 (22,510)
Other expense, net (1,038) (271) (1,800) (505)
Total other expense, net (5,061) (21,798) (7,990) (13,278)
Loss before income taxes (16,053) (38,203) (33,457) (49,705)
Income tax provision 213 62 482 352
Net loss $ (16,266) $ (38,265) $ (33,939) $ (50,057)
Net loss per share, Basic $ (0.11) $ (0.27) $ (0.23) $ (0.36)
Net loss per share, Diluted $ (0.11) $ (0.27) $ (0.23) $ (0.36)
Weighted Average Number of Shares Outstanding, Basic 147,751,593 139,687,475 146,271,668 139,482,147
Weighted Average Number of Shares Outstanding, Diluted 147,751,593 139,687,475 146,271,668 139,482,147