v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 48,180 $ 53,297 $ 146,122 $ 164,929
Operating costs and expenses:        
Cost of revenue, exclusive of depreciation and amortization 27,231 34,804 97,833 104,603
Other operating expenses 13,778 14,441 43,733 45,516
Depreciation and amortization 576 1,060 1,756 5,648
Impairment of goodwill and intangible assets 11,790 0 11,790 32,086
Total operating costs and expenses 53,375 50,305 155,112 187,853
Operating (loss) income (5,195) 2,992 (8,990) (22,924)
Other income (expense):        
Interest expense (3,209) (3,110) (12,797) (10,352)
Loss on foreign currency transactions (2,799) (978) (6,007) (2,122)
Other income (expense) 38 7 298 (11)
Total other expense, net (5,970) (4,081) (18,506) (12,485)
Loss before income taxes (11,165) (1,089) (27,496) (35,409)
Income tax benefit (expense) 453 (1,601) 552 (22,812)
Net loss (10,712) (2,690) (26,944) (58,221)
Other comprehensive income:        
Foreign currency translation adjustment 3,591 1,232 8,564 2,786
Comprehensive loss $ (7,121) $ (1,458) $ (18,380) $ (55,435)
Loss per share:        
Basic loss per share (in USD per share) $ (4.09) $ (1.03) $ (10.29) $ (22.31)
Diluted loss per share (in USD per share) $ (4.09) $ (1.03) $ (10.29) $ (22.31)
Weighted average shares outstanding:        
Basic (in shares) 2,617,397 2,613,708 2,617,397 2,609,285
Diluted (in shares) 2,617,397 2,613,708 2,617,397 2,609,285

Source