Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Loss (Unaudited)

v3.22.2.2
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 40,210 $ 41,481 $ 122,737 $ 107,887
Cost of revenue [1],[2],[3] 25,144 26,581 80,126 66,080
Gross profit 15,066 14,900 42,611 41,807
Operating expenses        
Selling, general, and administrative [4] 11,960 10,681 38,341 27,111
Depreciation and amortization 4,627 2,148 13,595 7,355
Restructuring 996   996  
Goodwill impairment 1,066,564   1,066,564  
Total operating expenses 1,084,147 12,829 1,119,496 34,466
Operating (loss) income (1,069,081) 2,071 (1,076,885) 7,341
Interest expense and other (income) expense        
Interest expense 2,406 4,376 5,738 8,800
Other expense 81 442 276 9,007
Other income (25,548)   (88,771) (3,215)
Total interest expense and other (income) expense, net (23,061) 4,818 (82,757) 14,592
Net loss before income tax (1,046,020) (2,747) (994,128) (7,251)
Income tax expense 87 729 167 807
Net loss (1,046,107) (3,476) (994,295) (8,058)
Net loss attributable to Fathom OpCo non-controlling interest (Note 14) (556,027)   (561,728)  
Net loss attributable to controlling interest (490,080) (3,476) (432,567) (8,058)
Comprehensive loss:        
(Loss) Income from foreign currency translation adjustments   201 (107) 96
Comprehensive loss, net of tax $ (490,080) $ (3,275) $ (432,674) $ (7,962)
Class A and Class B Common Unit        
Net loss per unit attributable to common stock/unit holders        
Basic [5]   $ (0.72)   $ (2.63)
Diluted [5]   $ (0.72)   $ (2.63)
Weighted average common shares outstanding        
Basic   7,723,592   7,723,592
Diluted   7,723,592   7,723,592
Class A Common Shares        
Net loss per unit attributable to common stock/unit holders        
Basic $ (7.80)   $ (7.82)  
Diluted $ (7.80)   $ (7.82)  
Weighted average common shares outstanding        
Basic 62,816,174   55,348,018  
Diluted 62,816,174   55,348,018  
[1] Inclusive of $0 and $0 of inventory step-up amortization for the three months ended September 30, 2022 and September 30, 2021, respectively; and $3,241 and $277 for the nine months ended September 30, 2022 and September 30, 2021, respectively;
[2] Inclusive of $2,573 and $2,767 of cost of revenue related to inventory purchases from a related party for the three months ended September 30, 2022 and September 30, 2021, respectively; and $7,513 and $6,200 for the nine months ended September 30, 2022 and September 30, 2021, respectively;
[3] Inclusive of $1,707 and $1,130 of depreciation and amortization for the three months ended September 30, 2022 and September 30, 2021, respectively; and of $4,944 and $2,679 for the nine months ended September 30, 2022 and September 30, 2021, respectively;
[4] Inclusive of $0 and $670 of management fees incurred to a related party for the three months ended September 30, 2022 and September 30, 2021, respectively; and $83 and $1,432 for the nine months ended September 30, 2022 and September 30, 2021, respectively; and
[5] Basic and diluted net loss per unit amounts are the same for both Class A common units and Class B common units. See Note 13.