Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Loss

v3.22.2
Consolidated Statements of Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 606,915 $ 471,315 $ 1,204,261 $ 739,634
Cost of revenue 488,912 345,179 1,013,721 571,140
Gross profit 118,003 126,136 190,540 168,494
Operating expenses        
Technology and development 51,506 41,488 101,146 69,166
Marketing 56,743 55,398 100,085 67,200
General and administrative 71,733 59,567 130,699 96,957
Restructuring and reorganization 12,677 0 18,386 0
Total operating expenses 192,659 156,453 350,316 233,323
Loss from operations (74,656) (30,317) (159,776) (64,829)
Interest income 554 135 774 293
Interest expense (3,620) (2,813) (7,481) (4,151)
Income tax (expense) benefit (159) 5,052 (293) 5,052
Other (expense) income, net (265) 65 (2,176) (27)
Net loss (78,146) (27,878) (168,952) (63,662)
Dividends on convertible preferred stock (350) (1,878) (1,144) (4,214)
Net loss attributable to common stock - basic (78,496) (29,756) (170,096) (67,876)
Net loss attributable to common stock - diluted $ (78,496) $ (29,756) $ (170,096) $ (67,876)
Net loss per share attributable to common stock - diluted (in dollars per share) $ (0.73) $ (0.29) $ (1.59) $ (0.65)
Net loss per share attributable to common stock - basic (in dollars per share) $ (0.73) $ (0.29) $ (1.59) $ (0.65)
Weighted averages shares - diluted (in shares) 107,396,575 104,391,337 107,032,381 103,912,212
Weighted average shares - basic (in shares) 107,396,575 104,391,337 107,032,381 103,912,212
Other comprehensive income        
Foreign currency translation adjustments $ 34 $ 0 $ 38 $ 0
Unrealized gain on available-for-sale debt securities 217 84 778 134
Comprehensive loss (77,895) (27,794) (168,136) (63,528)
Service        
Revenue 344,309 298,870 561,902 474,463
Cost of revenue 232,886 177,762 398,695 312,613
Product        
Revenue 262,606 172,445 642,359 265,171
Cost of revenue $ 256,026 $ 167,417 $ 615,026 $ 258,527