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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenues $ 38,666 $ 45,192 $ 118,306 $ 89,890
Total costs of revenues 20,167 27,245 62,110 53,621
Gross profit 18,499 17,947 56,196 36,269
Operating expenses:        
Sales and marketing 4,771 3,090 10,983 5,670
Research and development 2,231 1,916 5,600 5,759
General and administrative 13,922 11,452 42,213 22,481
Depreciation and amortization 3,336 3,626 13,272 7,496
Stock-based compensation 2,126 410 4,588 410
Lease abandonment expenses 0 915 75 915
Goodwill and intangible asset impairment 106,096 0 112,270 0
Acquisition, integration, and transformation costs 6,049 1,227 15,182 36,566
Total operating expenses 138,531 22,636 204,183 79,297
Loss from operations (120,032) (4,689) (147,987) (43,028)
Other income (expense):        
Interest expense (6,708) (8,145) (20,306) (13,760)
Gain on consolidation of equity investment 0 0 0 640
Loss on deconsolidation of subsidiary (37,708) 0 (37,708) 0
Gain on fair value of derivative liability 223 49,885 6,893 49,885
Gain on fair value of warrant liabilities 0 373 190 1,447
Gain (loss) on extinguishment of debt (14,610) 0 (14,610) 151
Other income, net, including interest income 32 259 30 40
Total other income (expense) (58,771) 42,372 (65,511) 38,403
Income (loss) before income tax benefit (expense) (178,803) 37,683 (213,498) (4,625)
Income tax benefit (expense) 13,219 (6,695) 17,744 357
Net income (loss) before loss from equity investment (165,584) 30,988 (195,754) (4,268)
Loss from equity investment 0 0 0 (561)
Net income (loss) (165,584) 30,988 (195,754) (4,829)
Less: net income (loss) attributable to noncontrolling interests 178 231 (109) 147
Net income (loss) attributable to UpHealth, Inc. $ (165,762) $ 30,757 $ (195,645) $ (4,976)
Net income (loss) per share attributable to UpHealth, Inc.:        
Basic (in dollars per share) $ (11.17) $ 2.61 $ (13.41) $ (0.52)
Diluted (in dollars per share) $ (11.17) $ 2.60 $ (13.41) $ (0.52)
Weighted average shares outstanding:        
Basic (in shares) 14,842 11,763 14,588 9,519
Diluted (in shares) 14,842 11,807 14,588 9,519
Services        
Total revenues $ 27,600 $ 21,977 $ 81,382 $ 45,563
Total costs of revenues 13,440 12,434 42,647 26,497
Licenses and subscriptions        
Total revenues 2,019 10,956 10,612 23,759
Total costs of revenues 463 6,350 913 13,020
Products        
Total revenues 9,047 12,259 26,312 20,568
Total costs of revenues $ 6,264 $ 8,461 $ 18,550 $ 14,104