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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total operating revenue $ 82,035,000 $ 64,977,000 $ 238,451,000 $ 181,059,000
Operating expenses        
Goodwill impairment charges 0 0 16,867,000 0
Selling, general and administrative expense 28,205,000 31,963,000 85,761,000 90,117,000
Depreciation and amortization 1,698,000 1,134,000 4,296,000 3,219,000
Total operating expenses 95,960,000 85,074,000 300,181,000 237,931,000
Loss from operations (13,925,000) (20,097,000) (61,730,000) (56,872,000)
Other non-operating expense (income)        
Interest expense 2,695,000 1,497,000 8,017,000 1,632,000
Interest income (940,000) 0 (3,181,000) 0
Change in fair value of derivative warrant liabilities 203,000 159,000 (58,000) (445,000)
Change in fair value of earnout liabilities (23,000) (3,581,000) (792,000) (53,821,000)
Change in fair value of conversion option derivative liabilities 1,284,000 (15,510,000) (2,034,000) (15,510,000)
Gain on debt extinguishment 0 0 0 (183,000)
Other, net 140,000 36,000 354,000 172,000
Total other non-operating loss (income) 3,359,000 (17,399,000) 2,306,000 (68,155,000)
(Loss) income before provision for income taxes (17,284,000) (2,698,000) (64,036,000) 11,283,000
Income tax (expense) benefit (135,000) 24,000 (278,000) (124,000)
Net (loss) income $ (17,419,000) $ (2,674,000) $ (64,314,000) $ 11,159,000
Net (loss) income per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.19) $ (0.03) $ (0.71) $ 0.12
Diluted (in dollars per share) $ (0.19) $ (0.17) $ (0.71) $ (0.03)
Weighted-average number of shares outstanding:        
Basic (in shares) 73,469,101 72,184,366 73,679,454 72,807,277
Diluted (in shares) 73,469,101 79,581,304 73,679,454 75,300,018
Patient services        
Revenue        
Total operating revenue $ 53,634,000 $ 44,627,000 $ 157,333,000 $ 118,793,000
Operating expenses        
Direct costs 44,961,000 36,126,000 132,653,000 96,379,000
Dispensary        
Revenue        
Total operating revenue 26,792,000 18,839,000 76,228,000 57,736,000
Operating expenses        
Direct costs 21,072,000 15,738,000 60,328,000 47,816,000
Clinical trials & other        
Revenue        
Total operating revenue 1,609,000 1,511,000 4,890,000 4,530,000
Operating expenses        
Direct costs $ 24,000 $ 113,000 $ 276,000 $ 400,000