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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net revenue $ 76,033 $ 90,066 $ 248,898 $ 290,372
Cost of revenue (exclusive of depreciation and amortization) 58,506 66,378 189,892 211,997
Salaries and related costs 10,770 11,668 34,484 38,612
General and administrative expenses 10,087 9,076 35,072 32,622
Depreciation and amortization 4,778 7,142 15,732 21,377
Impairment of goodwill 0 0 33,795 0
Impairment of intangible assets 0 0 7,791 0
Acquisition costs 17 14 3,020 306
Change in fair value of contingent consideration liabilities (208) (3) (285) 2,533
Loss from operations (7,917) (4,209) (70,603) (17,075)
Interest expense, net 11,989 4,570 25,732 12,072
Change in fair value of warrant liabilities (2,484) 1,000 (8,549) (2,480)
Change in Tax Receivable Agreement liability 0 (121) 0 (121)
Other [1] 19 0 11 0
Net loss before income taxes (17,441) (9,658) (87,797) (26,546)
Income tax (benefit) expense (334) 463 (2,498) 819
Net loss (17,107) (10,121) (85,299) (27,365)
Net loss attributable to non-controlling interest (6,445) (4,010) (33,099) (10,765)
Net loss attributable to Digital Media Solutions, Inc. $ (10,662) $ (6,111) $ (52,200) $ (16,600)
Weighted-average Class A common shares outstanding – basic (in shares) 2,763 2,664 2,721 2,510
Weighted-average Class A common shares outstanding – diluted (in shares) 2,763 4,377 2,721 2,510
Loss per share attributable to Digital Media Solutions, Inc.:        
Basic – per Class A common shares (in usd per share) $ (3.92) $ (2.29) $ (23.41) $ (6.61)
Diluted – per Class A common shares (in usd per share) $ (3.92) $ (2.31) $ (23.41) $ (6.61)
[1] Represents Foreign exchange loss (gain) and Gain on disposal of assets.