v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue, net $ 75,494 $ 60,106 $ 207,695 $ 161,253
Cost of goods sold 51,549 36,043 137,981 96,245
Gross profit 23,945 24,063 69,714 65,008
Operating expenses        
Marketing and advertising 7,414 9,791 24,591 25,290
Salaries, wages and benefits 15,848 10,534 47,405 29,755
General and administrative 16,301 6,884 46,019 17,473
Total operating expenses 39,563 27,209 118,015 72,518
Operating loss (15,618) (3,146) (48,301) (7,510)
Non-operating income (expense)        
Interest expense (470) (845) (1,136) (1,590)
Other income (expense), net 57 (3) 350 (5)
Change in fair value of earn-out liability 0 0 (209,651) 0
Change in fair value of warrant liability 0 0 (56,675) 0
Change in fair value of derivative liability 0 0 (2,335) 0
Total non-operating expenses (413) (848) (269,447) (1,595)
Loss before income taxes (16,031) (3,994) (317,748) (9,105)
Income tax expense 71 59 266 133
Net loss (16,102) $ (4,053) (318,014) $ (9,238)
Less: Net loss attributable to non-controlling interest (12,059)   (240,295)  
Net loss attributable to BRC Inc. $ (4,043)   $ (77,719)  
Net loss per share attributable to Class A Common Stock        
Basic (in dollars per share) [1] $ (0.08)   $ (1.54)  
Diluted (in dollars per share) [1] $ (0.08)   $ (1.54)  
Weighted-average shares of Class A Common Stock outstanding        
Basic (in shares) [1] 53,013,720   49,843,715  
Diluted (in shares) [1] 53,013,720   49,843,715  
[1] For the nine months ended September 30, 2022, net loss per share of Class A Common Stock and weighted-average shares of Class A Common Stock outstanding is representative of the period from February 9, 2022 through September 30, 2022, the period following the Business Combination, as defined in Note 1 - Organization and Nature of Business. For more information, refer to Note 14 - Net Loss per Share.

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