General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue, net     $ 169,758,000 $ 201,243,000   $ 383,685,000 $ 364,271,000 $ 233,116,000
Cost of goods sold     88,064,000 99,985,000   195,181,000 188,267,000 149,681,000
Gross profit     81,694,000 101,258,000   188,504,000 176,004,000 83,435,000
Operating expenses:                
Advertising     50,691,000 58,152,000   107,313,000 55,547,000 77,842,000
Product development     12,162,000 10,850,000   23,408,000 18,655,000 13,604,000
Selling, general and administrative     108,865,000 94,509,000   186,638,000 168,295,000 155,158,000
Loss from operations     (90,024,000) (62,253,000)   (128,855,000) (66,493,000) (163,169,000)
Other income (expense):                
Change in fair value of derivative warrant liabilities     16,510,000 0        
Interest expense     4,372,000 2,059,000   5,202,000 5,607,000 2,052,000
Loss on extinguishment of debt     0 1,027,000   1,027,000 0 0
Change in fair value of Additional Shares liability     2,015,000 0        
Change in fair value of Earn-Out liability     (17,345,000) 0        
Change in fair value of Public and Private Placement Warrants liability     (1,180,000) 0        
Other expense (income), net     4,783,000 1,044,000   760,000 119,000 (3,763,000)
Total other (expense) income, net     (7,355,000) 4,130,000   6,989,000 5,726,000 (1,711,000)
Loss before provision for income taxes     (82,669,000) (66,383,000)   (135,844,000) (72,219,000) (161,458,000)
Provision for income taxes     25,000 28,000   52,000 41,000 12,000
Net (loss) income     $ (82,694,000) $ (66,411,000)   (135,896,000) (72,260,000) (161,470,000)
Deemed dividend due to the exchange of Series Seed convertible preferred stock and Series A convertible preferred stock for Series D convertible preferred stock (Note 9)           0 0 (1,801,000)
Net loss attributable to common stockholders, basic and diluted           $ (135,896,000) $ (72,260,000) $ (163,271,000)
Weighted average shares outstanding - Basic     21,419,222 8,125,747   8,571,157 5,372,798 4,427,061
Weighted average shares outstanding - Diluted     21,419,222 8,125,747   8,571,157 5,372,798 4,427,061
Net income (loss) per ordinary share - Basic     $ (3.86) $ (8.17)   $ (15.86) $ (13.45) $ (36.88)
Net income (loss) per ordinary share - Diluted     $ (3.86) $ (8.17)   $ (15.86) $ (13.45) $ (36.88)
Virgin Group Acquisition Corp. II [Member]                
Formation and operating costs $ 1,008,046 $ 27,356     $ 3,572,794      
Operating expenses:                
Loss from operations (1,008,046) (27,356)     (3,572,794)      
Other income (expense):                
Interest income earned on cash and investments held in trust account 35,883 1,444     30,526      
Offering costs allocated to warrants 0 (497,634)     (570,496)      
Change in fair value of derivative warrant liabilities 7,654,280 (208,793)     6,811,133      
Initial measurement of backstop derivative liability (30,234,314)              
Total other (expense) income, net (22,544,151) (704,983)     6,271,163      
Net (loss) income $ (23,552,197) $ (732,339)     $ 2,698,369      
Virgin Group Acquisition Corp. II [Member] | Common Class A                
Other income (expense):                
Weighted average shares outstanding - Basic 40,250,000 3,141,026     32,705,669      
Weighted average shares outstanding - Diluted 40,250,000 3,141,026     32,705,669      
Net income (loss) per ordinary share - Basic $ (0.47) $ (0.06)     $ 0.06      
Net income (loss) per ordinary share - Diluted $ (0.47) $ (0.06)     $ 0.06      
Virgin Group Acquisition Corp. II [Member] | Common Class B                
Other income (expense):                
Weighted average shares outstanding - Basic 10,062,500 8,750,000     10,062,500      
Weighted average shares outstanding - Diluted 10,062,500 8,750,000     10,062,500      
Net income (loss) per ordinary share - Basic $ (0.47) $ (0.06)     $ 0.06      
Net income (loss) per ordinary share - Diluted $ (0.47) $ (0.06)     $ 0.06