v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:          
Service   $ 162,789 $ 127,256 $ 437,755 $ 365,511
Recyclable commodity   22,194 21,952 71,640 54,251
Total revenue   184,983 149,208 509,395 419,762
Cost of revenue (exclusive of amortization and depreciation):          
Service   157,504 122,771 423,382 351,287
Recyclable commodity   20,234 20,340 65,856 51,098
Total cost of revenue (exclusive of amortization and depreciation)   177,738 143,111 489,238 402,385
Sales and marketing   4,840 3,808 13,336 10,604
Product development   9,803 4,827 28,336 13,350
General and administrative   186,640 11,561 212,520 34,968
Amortization and depreciation   1,439 1,344 4,331 4,958
Total Costs and Expenses   380,460 164,651 747,761 466,265
Loss from operations   (195,477) (15,443) (238,366) (46,503)
Other Income (Expense):          
Interest earned   1 1 2
Gain on forgiveness of debt   10,900
Gain (loss) on change in fair value of warrant liabilities   74 (436)
Gain on change in fair value of earn-out liabilities   67,100 67,100
Loss on change in fair value of forward purchase option derivative   (76,919) (76,919)
Excess fair value over the consideration received for SAFE   (800)
Other income (expense)   1,307 326 1,994 730
Interest expense   (4,578) (2,611) (12,264) (7,461)
Total Other Expense   (15,629) (2,937) (25,312) 2,711
Loss Before Income Taxes   (211,106) (18,380) (263,678) (43,792)
Income tax expense (benefit)   (19) 252 (60) 961
Net loss $ (34,741) (211,125) (18,128) (263,738) (42,831)
Net loss attributable to Holdings LLC unitholders prior to the Mergers   (176,384) (18,128) (228,997) (42,831)
Net loss attributable to noncontrolling interests $ 16,933 (16,933) (16,933)
Net Loss Attributable to Class A Common Stockholders   $ (17,808) $ (17,808)
Net loss per Class A Common share basic and diluted $ (0.37)        
Weighted average shares outstanding, basic and diluted 48,670,776