| Schedule of Summarizes Segment Revenue, Significant Segment Expenses |
The following table summarizes segment revenue,
significant segment expenses, other segment items and segment profit or loss (in thousands):
| | |
Three Months Ended
June 30, | | |
Six Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Revenues, net | |
$ | 105,100 | | |
$ | 120,271 | | |
$ | 209,271 | | |
$ | 240,304 | |
| Reductions (additions): | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues | |
| 67,340 | | |
| 71,331 | | |
| 129,547 | | |
| 149,644 | |
| Cost of revenues – restructuring related charges | |
| 77 | | |
| — | | |
| 995 | | |
| — | |
| Advertising expense | |
| 7,672 | | |
| 15,823 | | |
| 22,274 | | |
| 28,729 | |
| Marketing sales expense | |
| 6,481 | | |
| 8,001 | | |
| 13,666 | | |
| 17,994 | |
| Wholesale marketing and sales expense | |
| 4,980 | | |
| 4,716 | | |
| 9,304 | | |
| 10,879 | |
| Showrooms marketing and sales expense | |
| 11,483 | | |
| 12,837 | | |
| 21,998 | | |
| 25,237 | |
| General and administrative expense | |
| 14,991 | | |
| 18,117 | | |
| 29,478 | | |
| 37,845 | |
| Research and development expense | |
| 2,178 | | |
| 3,986 | | |
| 4,630 | | |
| 7,652 | |
| Restructuring, impairment and other related charges | |
| 4,137 | | |
| — | | |
| 6,097 | | |
| — | |
| Other segment items, net (d) | |
| 3,078 | | |
| (14,585 | ) | |
| 7,724 | | |
| 12,488 | |
| Income tax expense | |
| 54 | | |
| 54 | | |
| 95 | | |
| 113 | |
| Net loss attributable to noncontrolling interest | |
| (26 | ) | |
| (36 | ) | |
| (55 | ) | |
| (87 | ) |
| Net reductions | |
| 122,445 | | |
| 120,244 | | |
| 245,753 | | |
| 290,494 | |
| Segment net loss | |
$ | (17,345 | ) | |
$ | 27 | | |
$ | (36,482 | ) | |
$ | (50,190 | ) |
| (d) | Other segment items, net include interest expense, other (income) expense, net, loss on extinguishment of debt, and change in fair value of warrant liabilities. |
|