XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]    
Revenue $ 165,983 $ 222,497
Cost of sales 120,607 164,036
Gross profit 45,376 58,461
Operating expenses:    
General and administrative 20,217 18,313
Research and development 13,413 18,508
Sales and marketing 22,497 30,315
Transaction related costs 125 8,472
Restructuring 1,218 2,170
Total operating expenses 57,470 77,778
Operating loss (12,094) (19,317)
Other income (expense):    
Interest expense (5,518) (2,366)
Interest income 1,314 6
Gain on embedded derivative 9,249 0
Other income (expense), net (1,066) 1,294
Total other income (expense) 3,979 (1,066)
Net loss from continuing operations, before income taxes (8,115) (20,383)
Income tax benefit (expense) (39,631) 5,143
Net loss from continuing operations (47,746) (15,240)
Loss from discontinued operations, net of tax (64) (431)
Net loss (47,810) (15,671)
Less: comprehensive loss attributable to non-controlling interest (70) 0
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations (47,676) (15,240)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. $ (47,740) $ (15,671)
Basic and Diluted    
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations - basic (in dollars per share) $ (0.10) $ (0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations - diluted (in dollars per share) (0.10) (0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations - basic (in dollars per share) 0 0
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations - diluted (in dollars per share) 0 0
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. - basic (in dollars per share) (0.10) (0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. - diluted (in dollars per share) $ (0.10) $ (0.04)
Weighted average shares outstanding used in calculating net loss per share - basic (in shares) 456,477,820 426,422,220
Weighted average shares outstanding used in calculating net loss per share - diluted (in shares) 456,477,820 426,422,220