(In thousands, except share and per share amounts)
(Unaudited)
|
For the Three Months
Ended June 30, |
For the Six Months
Ended June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Adjusted EBITDA: | ||||||||||||||||
| Net loss | $ | (13,704 | ) | $ | (26,559 | ) | $ | (30,308 | ) | $ | (44,902 | ) | ||||
| Add (deduct): | ||||||||||||||||
| Interest expense, interest and dividend income and other expenses | (1,341 | ) | (1,190 | ) | (2,497 | ) | (2,704 | ) | ||||||||
| Depreciation and amortization(1) | 3,256 | 2,895 | 6,409 | 5,461 | ||||||||||||
| Amortization of lease intangible | 180 | 257 | 360 | 590 | ||||||||||||
| (Benefit) provision for income taxes | (10 | ) | (67 | ) | (10 | ) | 69 | |||||||||
| Stock-based compensation (2) | 8,125 | 5,798 | 14,161 | 10,492 | ||||||||||||
| Payroll tax expense related to stock-based compensation (3) | 780 | — | 780 | — | ||||||||||||
| Lease abandonment (4) | — | 8,706 | — | 8,706 | ||||||||||||
| Acquisition and other (5) | — | 196 | 686 | 226 | ||||||||||||
| Charitable contribution of common stock | 314 | — | 657 | 370 | ||||||||||||
| Income from unconsolidated joint venture | (234 | ) | (237 | ) | (331 | ) | (303 | ) | ||||||||
| Impairment of assets | — | 219 | — | 246 | ||||||||||||
| Restructuring charge (6) | — | 738 | — | 738 | ||||||||||||
| Costs to exit the tools and materials business | — | 586 | — | 586 | ||||||||||||
| Adjusted EBITDA | $ | (2,634 | ) | $ | (8,658 | ) | $ | (10,093 | ) | $ | (20,425 | ) | ||||
