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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Lease income, net $ 137 $ 98 $ 283 $ 205
Total Revenues 76,493 50,768 139,506 107,380
Cost of sales (exclusive of depreciation) 75,011 46,586 135,947 101,190
Gross Profit 1,482 4,182 3,559 6,190
Operating Expenses:        
Selling, general and administrative 27,009 19,386 54,684 38,259
Stock-based compensation expense 1,141 3,704 2,825 45,667
Depreciation and amortization expense 2,359 95 4,147 478
Management fee expense – related party 0 0 0 2
Impairment expense 724 0 724 0
Restructuring expenses 10,731 0 10,731 0
Total Operating Expenses 41,964 23,185 73,111 84,406
Loss from Operations (40,482) (19,003) (69,552) (78,216)
Interest expense 594 184 1,210 359
Other Income, net        
Change in fair value of Merger warrants liability 3,213 325 4,813 12,683
Change in fair value of earnout shares 2,587 12,210 6,616 44,056
Other income (expense) 371 (553) (408) (391)
Total Other Income, net 6,171 11,982 11,021 56,348
Loss Before Income Tax Expense (34,905) (7,205) (59,741) (22,227)
Income tax expense 0 0 0 0
Net Loss $ (34,905) $ (7,205) $ (59,741) $ (22,227)
Net Loss per Share, basic (in dollars per share) $ (0.31) $ (0.06) $ (0.52) $ (0.21)
Net Loss per Share, diluted (in dollars per share) $ (0.31) $ (0.06) $ (0.52) $ (0.21)
Weighted-average Shares used in Computing Net Loss per Share, basic (in shares) 114,237,681 113,670,060 114,146,645 107,279,227
Weighted-average Shares used in Computing Net Loss per Share, diluted (in shares) 114,237,681 113,670,060 114,146,645 107,279,227
Retail vehicle sales        
Revenues:        
Revenue $ 59,211 $ 44,230 $ 109,799 $ 94,613
Gross Profit (291) 2,589 (2,118) 4,055
Wholesale vehicle sales        
Revenues:        
Revenue 13,949 4,660 22,524 9,228
Gross Profit (1,560) (285) (1,506) (1,404)
Finance and insurance, net        
Revenues:        
Revenue $ 3,196 $ 1,780 $ 6,900 $ 3,334