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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Rental revenue $ 53,874 $ 51,911 $ 108,598 $ 110,815
Other revenue 697 1,128 1,649 2,102
Total revenue 54,571 53,039 110,247 112,917
Cost of revenue 43,874 44,849 86,047 92,962
Gross profit 10,697 8,190 24,200 19,955
Operating expenses:        
Servicing costs 1,103 1,131 2,093 2,337
Underwriting fees 480 423 948 910
Professional and consulting fees 1,623 2,259 4,278 5,547
Technology and data analytics 1,959 2,455 3,624 4,864
Compensation costs 5,768 6,470 12,825 11,847
General and administrative 2,746 3,649 5,680 7,459
Total operating expenses 13,679 16,387 29,448 32,964
Loss from operations (2,982) (8,197) (5,248) (13,009)
Loss on partial extinguishment of debt 0 0 (2,391) 0
Interest expense and other fees (4,098) (4,405) (9,287) (8,686)
Interest income 427 0 1,047 0
Change in fair value of warrant liability 257 2,323 389 5,412
Loss before income taxes (6,396) (10,279) (15,490) (16,283)
Provision for income taxes (14) (65) (34) (100)
Net loss $ (6,410) $ (10,344) $ (15,524) $ (16,383)
Weighted average common share outstanding - basic (in shares) 4,073,000 3,918,000 4,023,000 3,921,000
Weighted average common share outstanding - diluted (in shares) 4,073,000 3,918,000 4,023,000 3,921,000
Net loss per common share - basic (in dollars per share) $ (1.57) $ (2.64) $ (3.86) $ (4.18)
Net loss per common share - diluted (in dollars per share) $ (1.57) $ (2.64) $ (3.86) $ (4.18)