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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenue $ 49,070,000 $ 0 $ 93,768,000 $ 0
Total cost of goods and services 29,288,000 0 55,664,000 0
Gross margin 19,782,000 0 38,104,000 0
Operating expenses:        
Sales and marketing 3,090,000 0 5,670,000 0
Research and development 1,916,000 0 5,759,000 0
General and administrative 11,452,000 944,000 22,481,000 1,483,000
Depreciation and amortization 3,626,000 0 7,496,000 0
Stock-based compensation 410,000 0 410,000 0
Lease abandonment expenses 915,000 0 915,000 0
Acquisition-related expenses 1,227,000 0 36,566,000 0
Total operating expenses 22,636,000 944,000 79,297,000 1,483,000
Loss from operations (2,854,000) (944,000) (41,193,000) (1,483,000)
Other income:        
Interest expense (8,145,000) 0 (13,760,000) 0
Gain on consolidation of equity method investment 0 0 640,000 0
Gain (Loss) on Derivative Instruments, Net, Pretax 49,885,000 0 49,885,000 0
Gain on fair value of warrant liabilities 373,000 0 1,447,000 0
Gain on extinguishment of debt 0 0 151,000 0
Other income, net, including interest income 259,000 0 40,000 0
Total other income 42,372,000 0 38,403,000 0
Income (loss) before income tax benefit (expense) 39,518,000 (944,000) (2,790,000) (1,483,000)
Income tax (expense) benefit (6,695,000) 423,000 357,000 423,000
Net income (loss) before loss from equity method investment 32,823,000 (521,000) (2,433,000) (1,060,000)
Loss from equity method investment 0 0 (561,000) 0
Net income (loss) 32,823,000 (521,000) (2,994,000) (1,060,000)
Less: net loss attributable to noncontrolling interests 231,000 0 147,000 0
Net income (loss) attributable to UpHealth, Inc. $ 32,592,000 $ (521,000) $ (3,141,000) $ (1,060,000)
Net income (loss) per share attributable to UpHealth, Inc.:        
Basic (in dollars per share) $ 0.28 $ (0.01) $ (0.03) $ (0.02)
Diluted (in dollars per share) $ 0.28 $ (0.01) $ (0.03) $ (0.02)
Weighted average shares outstanding:        
Basic (in shares) 117,628 50,050 95,194 50,050
Diluted (in shares) 118,073 50,050 95,194 50,050
Services        
Total revenue $ 21,977,000 $ 0 $ 45,563,000 $ 0
Total cost of goods and services 12,434,000 0 26,497,000 0
Licenses and subscriptions        
Total revenue 10,956,000 0 23,759,000 0
Total cost of goods and services 6,350,000 0 13,020,000 0
Products        
Total revenue 16,137,000 0 24,446,000 0
Total cost of goods and services $ 10,504,000 $ 0 $ 16,147,000 $ 0