Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenue $ 43,375 $ 28,490
Cost of revenue 18,720 10,285
Gross profit 24,655 18,205
Operating expenses    
Research and development 31,615 20,751
Sales and marketing 20,387 10,279
General and administrative 40,479 12,520
Loss on satellite deorbit and launch failure 0 666
Total operating expenses 92,481 44,216
Loss from operations (67,826) (26,011)
Other income (expense)    
Interest income 23 54
Interest expense (11,417) (6,773)
Change in fair value of contingent earnout liability 67,026 0
Change in fair value of warrant liabilities (1,600) (198)
Other (expense) income, net (5,021) 824
Total other income (expense), net 49,011 (6,093)
Loss before income taxes (18,815) (32,104)
Income tax provision 497 400
Net loss $ (19,312) $ (32,504)
Basic and diluted net loss per share $ (0.31) $ (1.85)
Weighted-average shares used in computing basic and diluted net loss per share 62,137,434 17,610,405