Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue, net $ 48,280 $ 61,750 $ 153,924 $ 199,421
Cost of goods sold 22,678 28,516 70,519 94,624
Gross profit 25,602 33,234 83,405 104,797
Operating expenses:        
Advertising 2,820 4,062 7,312 17,392
Product development 4,802 3,578 13,864 11,846
Selling, general and administrative 24,726 29,699 76,444 102,879
Operating loss (6,746) (4,105) (14,215) (27,320)
Non-operating expenses (income):        
Interest expense 2,942 4,145 11,188 11,918
Changes in fair value of derivative liabilities (7,813) 2,733 (8,019) 1,298
Other income, net (550) (1,179) (2,627) (6,817)
Total non-operating expenses (income), net (5,421) 5,699 542 6,399
Loss before provision for income taxes (1,325) (9,804) (14,757) (33,719)
Provision for income taxes 11 7 31 28
Net loss (1,336) (9,811) (14,788) (33,747)
Less: Accretion on Series A preferred stock 0 (976) 0 (976)
Less: Accumulated dividends on convertible preferred stock (174) (82) (474) (82)
Net loss attributable to common stockholders, basic (1,510) (10,869) (15,262) (34,805)
Net loss attributable to common stockholders, diluted $ (1,510) $ (10,869) $ (15,262) $ (34,805)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.04) $ (0.31) $ (0.41) $ (1.01)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.04) $ (0.31) $ (0.41) $ (1.01)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares) 37,343,930 35,253,756 36,798,814 34,433,760
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares) 37,343,930 35,253,756 36,798,814 34,433,760