Income Statement

Unaudited Condensed Consolidated Statements of Comprehensive Loss for the Three and Six months ended June 30, 2022 and 2021

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenues $ 1,580 $ 0
Operating expenses:    
Cost of operations 23,282 21,194
Research and development 1,541 1,831
Selling, general and administrative 14,478 15,957
Total operating costs and expenses 39,301 38,982
Operating loss (37,721) (38,982)
Interest expense 15,064 15,054
Interest income (379) (3,602)
Change in fair value of warrants (56,669) 13,944
Loss on debt extinguishment 0 21,214
Other (income)/expense (4,569) 15
Total other (income)/expense (46,553) 46,625
Net Income/(loss) $ 8,832 $ (85,607)
Earnings/(loss) per share    
Basic (in usd per share) $ 0.05 $ (0.52)
Diluted (in usd per share) $ 0.05 $ (0.52)
Weighted average common shares    
Basic (in shares) 177,308 164,355
Diluted (in shares) 178,506 164,355
Other comprehensive (loss)/income    
Unrealized gain on debt securities available for sale $ 0 $ 18
Cumulative translation adjustment (94) 16
Total comprehensive income/(loss) $ 8,738 $ (85,573)

Source