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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 322,217 $ 82,948
Cost of revenues 328,318 78,630
Gross profit (6,101) 4,318
Operating expenses:    
Selling, general and administrative expense 47,428 50,024
Depreciation and amortization 20,060 6,762
Impairment of goodwill and intangible assets 109,586 0
Impairment of financing leased assets 4,467 0
Provision for bad debt (26) 346
Other operating (income) expenses (39) (23)
Total operating expenses 181,476 57,109
Loss from operations (187,577) (52,791)
Gain (loss) on extinguishment of debt (31,258) 365
Gain (loss) on financial instruments (24,487) 33
Gain on warrant liabilities 11,085 0
Other income (expense) (7,039) 379
Interest expense (37,813) (8,337)
Loss from continuing operations before taxes (277,089) (60,351)
Income tax expense (benefit) 846 (10,508)
Loss from continuing operations, net of income taxes (277,935) (49,843)
Discontinued operations (Note 2)    
Loss from operations of discontinued businesses (2,317) (12,705)
Income tax benefit 0 (1,334)
Loss from discontinued operations, net of income taxes (2,317) (11,371)
Net loss (280,252) (61,214)
Less: net income (loss) attributable to noncontrolling interest (4,065) 39
Net loss attributable to Orbital Infrastructure Group, Inc. $ (276,187) $ (61,253)
Basic and diluted weighted average number of shares outstanding (in shares) 108,313,369 58,348,489
Loss from continuing operations per common share - basic and diluted (in dollars per share) $ (2.53) $ (0.86)
Loss from discontinued operations per common share - basic and diluted (in dollars per share) (0.02) (0.19)
Loss per common share - basic and diluted (in dollars per share) $ (2.55) $ (1.05)