XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 16,640 $ 38,673 $ 36,662 $ 70,728
Transaction-based expenses:        
Transaction-based expenses (178) (1,616) (311) (2,592)
Total revenues, less transaction-based expenses 16,462 37,057 36,351 68,136
Operating expenses:        
Compensation and benefits 27,384 27,361 71,024 47,857
Professional services 3,853 4,104 7,370 6,804
Acquisition-related transaction costs 692 92 4,398 92
Advertising and market development 1,441 858 2,945 1,845
Rent and occupancy 1,140 910 2,706 1,797
Technology and communications 2,809 2,146 4,832 3,580
General and administrative 3,170 1,035 4,772 1,988
Depreciation and amortization 2,021 1,356 3,103 2,752
Total operating expenses 42,510 37,862 101,150 66,715
Operating (loss) income (26,048) (805) (64,799) 1,421
Interest expenses and other income (expenses):        
Interest income (expenses), net 266 (1,780) 287 (2,334)
Change in fair value of warrant liabilities 20,558 (5,404) (5,402) (6,312)
Other income (loss), net 140 (10) 529 156
Total interest income (expenses) and other income (expenses) 20,964 (7,194) (4,586) (8,490)
Loss before provision for income taxes (5,084) (7,999) (69,385) (7,069)
Provision for (benefit from) income taxes 35 4 158 (4)
Net loss and comprehensive loss (5,119) (8,003) (69,543) (7,065)
Net loss and comprehensive loss $ (5,119) $ (8,003) $ (69,543) $ (7,065)
Net loss per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.03) $ (0.15) $ (0.60) $ (0.12)
Diluted (in dollars per share) $ (0.20) $ (0.15) $ (0.66) $ (0.12)
Weighted-average shares used in computing net loss per share attributable to common stockholders:        
Basic (in shares) 167,052,900 52,504,601 116,815,363 57,038,093
Diluted (in shares) 173,578,093 52,504,601 120,584,585 57,038,093
Placement fees        
Revenues:        
Total revenues $ 10,951 $ 32,945 $ 25,536 $ 60,454
Custodial administration fees        
Revenues:        
Total revenues $ 5,689 $ 5,728 $ 11,126 $ 10,274