Segment and geographic area information (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Segment Reporting Information, by Segment

The following is key financial information by reportable segment which is used by management in evaluating performance and allocating resources (in thousands):


	For the Three Months Ended June 30, 2023						For the Three Months Ended June 30, 2022 (As Restated)
	Revenue		Cost of revenue		Gross profit		Revenue		Cost of revenue		Gross profit
United States:
Franchise	$	8,655	$	2,198	$	6,457	$	12,145	$	1,392	$	10,753
Equipment and merchandise	1,706		1,161		545		5,292		5,772		(480)
	$	10,361	$	3,359	$	7,002	$	17,437	$	7,164	$	10,273
Australia:
Franchise	$	2,822	$	248	$	2,574	$	3,492	$	239	$	3,253
Equipment and merchandise	134		176		(42)		1,051		1,012		39
	$	2,956	$	424	$	2,532	$	4,543	$	1,251	$	3,292
Rest of World:
Franchise	$	3,007	$	58	$	2,949	$	3,472	$	112	$	3,360
Equipment and merchandise	712		981		(269)		2,249		2,308		(59)
	$	3,719	$	1,039	$	2,680	$	5,721	$	2,420	$	3,301
Consolidated:
Franchise	$	14,484	$	2,504	$	11,980	$	19,109	$	1,743	$	17,366
Equipment and merchandise	2,552		2,318		234		8,592		9,092		(500)
	$	17,036	$	4,822	$	12,214	$	27,701	$	10,835	$	16,866


	For the Six Months Ended June 30, 2023						For the Six Months Ended June 30, 2022 (As Restated)
	Revenue		Cost of revenue		Gross profit		Revenue		Cost of revenue		Gross profit
United States:
Franchise	$	17,548	$	4,291	$	13,257	$	24,546	$	2,429	$	22,117
Equipment and merchandise	3,719		3,369		350		11,156		9,580		1,576
	$	21,267	$	7,660	$	13,607	$	35,702	$	12,009	$	23,693
Australia:
Franchise	$	5,587	$	370	$	5,217	$	6,940	$	412	$	6,528
Equipment and merchandise	508		625		(117)		2,445		2,559		(114)
	$	6,095	$	995	$	5,100	$	9,385	$	2,971	$	6,414
Rest of World:
Franchise	$	5,958	$	167	$	5,791	$	7,483	$	209	$	7,274
Equipment and merchandise	1,296		1,852		(556)		4,519		4,066		453
	$	7,254	$	2,019	$	5,235	$	12,002	$	4,275	$	7,727
Consolidated:
Franchise	$	29,093	$	4,828	$	24,265	$	38,969	$	3,050	$	35,919
Equipment and merchandise	5,523		5,846		(323)		18,120		16,205		1,915
	$	34,616	$	10,674	$	23,942	$	57,089	$	19,255	$	37,834

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The reconciliation between reportable segment gross profit to net loss is as follows (in thousands):


	For the Three Months Ended June 30,
	2023		2022 (As Restated)
Segment gross profit	$	12,214	$	16,866
Selling, general and administrative expenses	27,739		51,926

Loss on derivative liabilities	3,361		—
Change in fair value - warrant liabilities	—		(1,265)
Interest expense, net	5,059		696
Other income, net	(430)		(1,291)
Provision for income taxes	211		23,298
Net loss	$	(23,726)	$	(56,498)


	For the Six Months Ended June 30,
	2023		2022 (As Restated)
Segment gross profit	$	23,942	$	37,834
Selling, general and administrative expenses	59,243		84,042

Loss on derivative liabilities	3,361		—
Change in fair value - warrant liabilities	—		(1,265)
Interest expense, net	8,290		822
Other income, net	(984)		(669)
Provision for income taxes	411		20,880
Net loss	$	(46,379)	$	(65,976)