Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenue, net $ 301,313 $ 233,101 $ 163,909
Cost of goods sold 202,134 143,414 94,500
Gross profit 99,179 89,687 69,409
Operating expenses:      
Marketing and advertising 38,169 36,358 25,513
Salaries, wages and benefits 64,286 38,746 24,194
General and administrative 64,486 26,162 13,922
Total operating expenses 166,941 101,266 63,629
Operating income (loss) (67,762) (11,579) 5,780
Non-operating income (expenses):      
Interest expense (1,593) (2,033) (1,047)
Other income (expense), net 339 (55) (227)
Change in fair value of earn-out liabilities (209,651) 0 0
Change in fair value of warrant liabilities (56,675) 0 0
Change in fair value of derivative liabilities (2,335) 0 0
Total other expense, net (269,915) (2,088) (1,274)
Earnings (loss) before income taxes (337,677) (13,667) 4,506
Income tax expense 367 178 185
Net income (loss) (338,044) $ (13,845) $ 4,321
Less: Net loss attributable to non-controlling interest (255,138)    
Net loss attributable to BRC Inc. $ (82,906)    
Net loss per share attributable to Class A Common Stock      
Basic (in dollars per share) [1] $ (1.62)
Diluted (in dollars per share) [1] $ (1.62)
Weighted-average shares of Class A Common Stock outstanding      
Basic (in shares) [1] 51,246,632
Diluted (in shares) [1] 51,246,632
[1] For the year ended December 31, 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 December 31, 2022, the period following the Business Combination, as defined in Note 1 - Organization and Nature of Business. For more information, refer to Note 16 - Net Loss per Share.