Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue, net $ 89,017 $ 91,947 $ 187,409 $ 175,437
Cost of goods sold 51,758 59,741 107,966 115,720
Gross profit 37,259 32,206 79,443 59,717
Operating expenses        
Marketing and advertising 7,411 7,013 15,020 14,157
Salaries, wages and benefits 17,610 18,356 32,871 38,180
General and administrative 10,949 19,296 26,294 37,054
Other operating expense, net 311 1,202 324 1,202
Total operating expenses 36,281 45,867 74,509 90,593
Operating income (loss) 978 (13,661) 4,934 (30,876)
Non-operating income (expenses)        
Interest expense, net (2,301) (791) (4,352) (1,114)
Other income (expense), net 0 (156) 0 117
Total non-operating expenses (2,301) (947) (4,352) (997)
Income (loss) before income taxes (1,323) (14,608) 582 (31,873)
Income tax expense 51 57 100 113
Net income (loss) (1,374) (14,665) 482 (31,986)
Less: Net income (loss) attributable to non-controlling interest (892) (10,437) 415 (22,958)
Net income (loss) attributable to BRC Inc. $ (482) $ (4,228) $ 67 $ (9,028)
Net income (loss) per share attributable to Class A Common Stock        
Basic (in dollars per share) $ (0.01) $ (0.07) $ 0 $ (0.15)
Diluted (in dollars per share) $ (0.01) $ (0.07) $ 0 $ (0.15)
Weighted-average shares of Class A Common Stock outstanding        
Basic (in shares) 68,209,081 58,741,717 67,260,724 58,607,290
Diluted (in shares) 68,209,081 58,741,717 68,333,260 58,607,290