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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Lease income, net $ 245 $ 129 $ 528 $ 334
Total Revenues 50,838 68,041 190,343 175,421
Cost of sales (exclusive of depreciation) 51,429 66,017 187,375 167,207
Gross Profit (591) 2,024 2,968 8,214
Operating Expenses:        
Selling, general and administrative 19,334 24,780 74,017 63,039
Stock-based compensation expense 1,409 3,447 4,234 49,114
Depreciation and amortization expense 2,025 1,214 6,173 1,692
Management fee expense – related party 0 0 0 2
Impairment expense 420 0 1,143 0
Restructuring expenses 1,885 0 12,616 0
Total Operating Expenses 25,073 29,441 98,183 113,847
Loss from Operations (25,664) (27,417) (95,215) (105,633)
Interest expense 302 650 1,512 1,009
Other Income, net        
Change in fair value of Merger warrants liability 803 12,111 5,616 24,794
Change in fair value of earnout shares 341 12,565 6,957 56,621
Other income (expense) 523 (85) 113 (476)
Total Other Income, net 1,667 24,591 12,686 80,939
Loss Before Income Tax Expense (24,299) (3,476) (84,041) (25,703)
Income tax expense 0 0 0 0
Net Loss $ (24,299) $ (3,476) $ (84,041) $ (25,703)
Net Loss per Share, basic (in dollars per share) $ (0.21) $ (0.03) $ (0.74) $ (0.23)
Net Loss per Share, diluted (in dollars per share) $ (0.21) $ (0.03) $ (0.74) $ (0.23)
Weighted-average Shares used in Computing Net Loss per Share, basic (in shares) 114,705,449 113,707,013 114,334,960 109,447,939
Weighted-average Shares used in Computing Net Loss per Share, diluted (in shares) 114,705,449 113,707,013 114,334,960 109,447,939
Retail vehicle sales        
Revenues:        
Revenue $ 32,545 $ 56,284 $ 142,344 $ 150,897
Gross Profit 404 (300) (1,714) 3,755
Wholesale vehicle sales        
Revenues:        
Revenue 16,357 8,989 38,880 18,217
Gross Profit (2,931) (444) (4,437) (1,848)
Finance and insurance, net        
Revenues:        
Revenue $ 1,691 $ 2,639 $ 8,591 $ 5,973