Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.23.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Service and subscription revenue $ 90,741 $ 67,146
Net interest income on loan receivables 2,928 2,568
Total revenue, net 93,669 69,714
Operating expenses    
Provision for credit losses on consumer receivables 16,511 23,044
Compensation and benefits 24,408 22,043
Marketing 6,392 11,416
Direct costs 29,802 21,204
Professional services 4,999 7,288
Technology-related costs 6,038 4,505
Other operating expenses 8,995 10,769
Total operating expenses 97,145 100,269
Net loss before other (expense) income and income taxes (3,476) (30,555)
Interest expense (7,511) (6,174)
Change in fair value of warrant liability (149) 3,910
Change in fair value of contingent consideration from mergers and acquisitions 246 (4,660)
Other income (expense) 1,649 (916)
Net loss before income taxes (9,241) (38,395)
Income tax benefit (24) (28,417)
Net loss (9,217) (9,978)
Accrual of dividends on preferred stock (1,977) (1,028)
Net loss attributable to common shareholders $ (11,194) $ (11,006)
Net (loss) income per share, basic (in Dollars per share) [1],[2] $ (1.29) $ (1.43)
Net (loss) income per share, diluted (in Dollars per share) [1],[2] $ (1.29) $ (1.43)
Weighted average shares used in computing net (loss) income per share, basic (in Shares) [1],[2] 8,652,218 7,691,243
Weighted average shares used in computing net (loss) income per share, diluted (in Shares) [1],[2] 8,652,218 7,691,243
[1] Prior period results have been adjusted to reflect the Reverse Stock Split at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.
[2] Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.