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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 39,833 $ 9,172 $ 74,591 $ 17,661
Cost of revenue 36,696 10,902 71,697 22,522
Gross margin 3,137 (1,730) 2,894 (4,861)
Operating expenses:        
Sales and marketing 4,975 3,053 11,555 11,699
Research and development 6,268 5,052 15,502 12,084
General and administrative 11,024 2,635 28,730 8,018
Total operating expenses 22,267 10,740 55,787 31,801
Loss from operations (19,130) (12,470) (52,893) (36,662)
Other income (expense), net:        
Interest expense (2,674) (4,265) (12,835) (13,826)
Loss on extinguishment of debt 0 0 (5,064) 0
Change in fair value of warrants and embedded derivative 137,001 (2,096) 3,424 (3,005)
Other income (expenses), net 415 188 211 (1,602)
Total other income (expense) 134,742 (6,173) (14,264) (18,433)
Income (loss) before income taxes 115,612 (18,643) (67,157) (55,095)
Income tax expense 0 (142) 0 (142)
Net income (loss) $ 115,612 $ (18,785) $ (67,157) $ (55,237)
Net income (loss) per share attributable to common shareholders, basic (in dollars per share) $ 0.85 $ (0.47) $ (0.73) $ (1.61)
Net loss per share attributable to common shareholders, diluted (in dollars per share) $ (0.15) $ (0.47) $ (0.73) $ (1.61)
Weighted-average shares used in computing net loss per share, basic (in shares) 135,231,146 39,844,652 92,436,649 40,087,247
Weighted-average shares used in computing net loss per share, diluted (in shares) 140,285,165 39,844,652 92,436,649 40,087,247
Service        
Revenue $ 4,947 $ 3,649 $ 14,982 $ 10,711
Cost of revenue 6,639 5,828 19,354 16,083
Hardware        
Revenue 34,886 5,523 59,609 6,950
Cost of revenue $ 30,057 $ 5,074 $ 52,343 $ 6,439