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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 43,668 $ 31,882 $ 79,640 $ 44,698
Total cost of goods and services 21,275 20,490 41,943 26,376
Gross margin 22,393 11,392 37,697 18,322
Operating expenses:        
Sales and marketing 3,486 1,695 6,212 2,580
Research and development 1,782 2,273 3,369 3,843
General and administrative 14,632 7,306 28,291 11,029
Depreciation and amortization 4,700 2,966 9,936 3,870
Stock-based compensation 1,088 0 2,462 0
Lease abandonment expenses 0 0 75 0
Goodwill and intangible asset impairment 0 0 6,174 0
Acquisition, integration, and transformation costs 6,749 32,653 9,133 35,339
Total operating expenses 32,437 46,893 65,652 56,661
Loss from operations (10,044) (35,501) (27,955) (38,339)
Other income (expense):        
Interest expense (6,603) (4,904) (13,598) (5,615)
Gain on consolidation of equity method investment 0 0 0 640
Gain on fair value of derivative liability 1,841 0 6,670 0
Gain on fair value of warrant liabilities 95 1,075 190 1,075
Gain on extinguishment of debt 0 151 0 151
Other income (expense), net, including interest income 14 (256) (2) (219)
Total other expense (4,653) (3,934) (6,740) (3,968)
Loss before income tax benefit (14,697) (39,435) (34,695) (42,307)
Income tax benefit 2,232 6,646 4,525 7,052
Net loss before loss from equity method investment (12,465) (32,789) (30,170) (35,255)
Loss from equity method investment 0 0 0 (561)
Net loss (12,465) (32,789) (30,170) (35,816)
Less: net loss attributable to noncontrolling interests (27) (6) (287) (84)
Net loss attributable to UpHealth, Inc. $ (12,438) $ (32,783) $ (29,883) $ (35,732)
Net loss per share attributable to UpHealth, Inc.:        
Basic (in dollars per share) $ (0.09) $ (0.35) $ (0.21) $ (0.43)
Diluted (in dollars per share) $ (0.09) $ (0.35) $ (0.21) $ (0.43)
Weighted average shares outstanding:        
Basic (in shares) 144,624 94,170 144,581 83,585
Diluted (in shares) 144,624 94,170 144,581 83,585
Services        
Total revenue $ 28,096 $ 15,448 $ 53,782 $ 23,586
Total cost of goods and services 14,762 9,590 29,207 14,063
Licenses and subscriptions        
Total revenue 6,812 9,145 8,593 12,803
Total cost of goods and services 217 6,173 450 6,670
Products        
Total revenue 8,760 7,289 17,265 8,309
Total cost of goods and services $ 6,296 $ 4,727 $ 12,286 $ 5,643