Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 336,877 $ 305,556 $ 1,007,184 $ 822,400
Cost of goods sold 356,716 308,955 1,013,406 796,729
Gross profit (loss) (19,839) (3,399) (6,222) 25,671
Selling, general and administrative expenses (7,403) (5,533) (24,028) (19,777)
Asset impairments (3,100)
Income (loss) from operations (27,242) (8,932) (30,250) 2,794
Interest expense, net (340) (429) (859) (3,359)
Income from cash grant 22,652
Income from loan forgiveness 5,973 9,860
Other income (expense), net (456) 256 (68) 641
Income (loss) before provision for income taxes (28,038) (3,132) (8,525) 9,936
Provision for income taxes
Net income (loss) (28,038) (3,132) (8,525) 9,936
Preferred stock dividends (319) (319) (946) (946)
Income allocated to participating securities (120)
Net income (loss) available to common stockholders $ (28,357) $ (3,451) $ (9,471) $ 8,870
Net income (loss) per share, basic (in Dollars per share) $ (0.39) $ (0.05) $ (0.13) $ 0.12
Net income (loss) per share, diluted (in Dollars per share) $ (0.39) $ (0.05) $ (0.13) $ 0.12
Weighted-average shares outstanding, basic (in Shares) 73,011 71,383 71,815 71,002
Weighted-average shares outstanding, diluted (in Shares) 73,011 71,383 71,815 72,260