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v3.20.2

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Net revenue: |  |  |  |
Net revenue | $ 68,070 | $ 57,535 | $ 108,883 | $ 79,114
Cost of revenue: |  |  |  |
Total cost of revenue | 62,994 | 46,914 | 108,278 | 72,277
Gross profit | 5,076 | 10,621 | 605 | 6,837
Operating expenses: |  |  |  |
Research and development | 9,757 | 8,933 | 20,169 | 16,306
Selling, general and administrative | 21,658 | 13,627 | 32,671 | 22,951
Total operating expenses | 31,415 | 22,560 | 52,840 | 39,257
Operating loss | (26,339) | (11,939) | (52,235) | (32,420)
Interest and other expense, net | (13,198) | (7,861) | (24,781) | (16,206)
Change in fair value of common stock warrant liability |  | 1,706 |  | (420)
Gain on extinguishment of debt | 13,222 |  | 13,222 |
Loss before income taxes | (26,315) | (18,094) | (63,794) | (49,046)
Income tax benefit | 17,659 |  | 17,659 |
Net loss attributable to the Company | (8,656) | (18,094) | (46,135) | (49,046)
Preferred stock dividends declared and accretion of discount | (13) | (13) | (19) | (26)
Net loss attributable to common stockholders | $ (8,669) | $ (18,107) | $ (46,154) | $ (49,072)
Net loss per share: |  |  |  |
Basic and diluted | $ (0.03) | $ (0.08) | $ (0.15) | $ (0.22)
Weighted average number of common stock outstanding | 316,645,050 | 231,114,868 | 310,918,626 | 225,899,224
Sales of fuel cell systems and related infrastructure |  |  |  |
Net revenue: |  |  |  |
Net revenue | $ 47,746 | $ 38,696 | $ 68,133 | $ 41,240
Cost of revenue: |  |  |  |
Total cost of revenue | 33,676 | 23,129 | 47,420 | 25,450
Services performed on fuel cell systems and related infrastructure |  |  |  |
Net revenue: |  |  |  |
Net revenue | 6,236 | 5,341 | 12,757 | 11,684
Cost of revenue: |  |  |  |
Total cost of revenue | 6,491 | 6,218 | 14,672 | 12,341
Power Purchase Agreements |  |  |  |
Net revenue: |  |  |  |
Net revenue | 6,654 | 6,409 | 13,150 | 12,519
Cost of revenue: |  |  |  |
Total cost of revenue | 13,704 | 8,713 | 27,947 | 17,711
Fuel delivered to customers |  |  |  |
Net revenue: |  |  |  |
Net revenue | 7,372 | 7,089 | 14,705 | 13,671
Cost of revenue: |  |  |  |
Total cost of revenue | 9,060 | $ 8,854 | 18,095 | $ 16,775
Other |  |  |  |
Net revenue: |  |  |  |
Net revenue | 62 |  | 138 |
Cost of revenue: |  |  |  |
Total cost of revenue | $ 63 |  | $ 144 |

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