Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 1,694,000 $ 0 $ 45,555,000 $ 0
Operating expenses:        
Cost of revenue 1,623,000 0 2,194,000 0
Sales and marketing 3,758,000 169,000 8,287,000 443,000
Research and development 16,731,000 1,697,000 36,155,000 4,920,000
General and administrative 12,960,000 3,759,000 33,434,000 8,620,000
Asset Impairment 2,828,000 (11,000) 2,828,000 2,733,000
Loss from operations (36,206,000) (5,614,000) (37,343,000) (16,716,000)
Other income (expense)        
Interest expense 0 0 (1,000) (7,000)
Change in fair value of warrant liability 6,706,000 0 2,061,000 0
Transaction costs 0 0 (20,586,000) 0
Other income (expense), net 920,000 (549,000) 1,205,000 (1,866,000)
Loss before income taxes (28,580,000) (6,163,000) (54,664,000) (18,589,000)
Provision for income taxes 185,000 0 358,000 0
Net loss (28,765,000) (6,163,000) $ (55,022,000) $ (18,589,000)
Net loss per share — basic (in dollars per share)     $ (0.46) $ (1.54)
Net loss per share — diluted (in dollars per share)     $ (0.46) $ (1.54)
Other comprehensive income (loss) — net of tax        
Actuarial gain (loss) on pension 1,000 63,000 $ 561,000 $ 295,000
Foreign currency translation gain (loss) (8,000) (596,000) (363,000) 303,000
Total other comprehensive income (loss) (7,000) (533,000) 198,000 598,000
Total comprehensive loss $ (28,772,000) $ (6,696,000) $ (54,824,000) $ (17,991,000)
Common Stock        
Other income (expense)        
Net loss per share — basic (in dollars per share) $ (0.21) $ (0.45) $ (0.46) $ (1.54)
Net loss per share — diluted (in dollars per share) $ (0.21) $ (0.45) $ (0.46) $ (1.54)
Weighted average shares of outstanding — basic (in shares) 140,302 13,598 118,560 12,094
Weighted average shares of outstanding — diluted (in shares) 140,302 13,598 118,560 12,094