Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net revenues $ 68,353 $ 70,822 $ 138,804 $ 144,919
Operating expenses:        
Cost of revenue [1] 20,921 23,032 41,954 47,520
Selling and marketing 19,547 24,187 40,087 41,187
Research and development 14,470 17,296 31,451 32,042
General and administrative 9,208 12,378 18,899 16,601
Depreciation and amortization 8,288 6,898 16,682 12,932
Restructuring and related 1,517 20 10,172 76
Total operating costs and expenses 73,951 83,811 159,245 150,358
Loss from operations (5,598) (12,989) (20,441) (5,439)
Other (expense) income, net:        
Change in fair value of warrant liabilities (821) 110 (3,537) 110
Interest income (expense), net 212 (107) 207 (149)
Other (expense) income, net (548) 113 (361) (129)
Total other (expense) income, net (1,157) 116 (3,691) (168)
Loss before income taxes (6,755) (12,873) (24,132) (5,607)
Income tax benefit 12,258 5,838 4,423 4,490
Net income (loss) $ 5,503 $ (7,035) $ (19,709) $ (1,117)
Net income (loss) per share attributable to Class A and Class B common stockholders:        
Basic (USD per share) $ 0.04 $ (0.07) $ (0.16) $ (0.01)
Diluted (USD per share) $ 0.04 $ (0.07) $ (0.16) $ (0.01)
Weighted average shares of common stock outstanding:        
Basic (shares) 127,187 99,297 126,765 97,251
Diluted (shares) 146,197 99,297 126,765 97,251
[1] Amounts exclude depreciation and amortization.