Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 9,561 $ 7,184 $ 28,390 $ 21,221
Cost of revenue 5,338 2,426 12,393 7,821
Gross profit 4,223 4,758 15,997 13,400
Operating expenses        
Research and development 7,804 5,231 21,913 14,585
Sales and marketing 5,574 2,294 14,369 7,082
General and administrative 8,217 3,110 23,507 8,854
Loss on satellite deorbit and launch failure 0 666 0 666
Total operating expenses 21,595 11,301 59,789 31,187
Loss from operations (17,372) (6,543) (43,792) (17,787)
Other income (expense)        
Interest income 4 0 6 45
Interest expense (2,392) (1,522) (8,267) (4,479)
Change in fair value of contingent earnout liability (22,142) 0 (22,142) 0
Change in fair value of warrant liabilities (13,353) (23,529)
Other income (expense), net (584) 636 (3,975) 181
Total other income (expense), net (38,467) (886) (57,907) (4,253)
Loss before income taxes (55,839) (7,429) (101,699) (22,040)
Income tax provision 269 195 969 300
Net loss $ (56,108) $ (7,624) $ (102,668) $ (22,340)
Earnings Per Share, Basic $ (0.83) $ (0.43) $ (2.75) $ (1.27)
Earnings Per Share, Diluted $ (0.83) $ (0.43) $ (2.75) $ (1.27)
Weighted Average Number of Shares Outstanding, Basic 67,348,269 17,605,469 37,389,424 17,603,874
Weighted Average Number of Shares Outstanding, Diluted 67,348,269 17,605,469 37,389,424 17,603,874