Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information

The following tables summarize information for the reportable segments for the periods presented (in thousands):

 

 

 

For the Three Months Ended

 

 

 

June 30, 2022

 

 

 

DTC

 

 

Wholesale

 

 

Other non-reportable

 

 

Corporate non-segment

 

 

Total

 

Net revenues

 

$

11,097

 

 

$

6,337

 

 

$

208

 

 

$

 

 

$

17,642

 

Cost of revenues

 

 

5,885

 

 

 

3,916

 

 

 

165

 

 

 

 

 

 

9,966

 

Gross profit

 

 

5,212

 

 

 

2,421

 

 

 

43

 

 

 

 

 

 

7,676

 

Operating expenses

 

 

(4,674

)

 

 

(1,902

)

 

 

 

 

 

(5,235

)

 

 

(11,811

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(123

)

 

 

(123

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

279

 

 

 

279

 

Income (loss) before income taxes

 

$

538

 

 

$

519

 

 

$

43

 

 

$

(5,079

)

 

$

(3,979

)

 

 

 

For the Three Months Ended

 

 

 

June 30, 2021

 

 

 

DTC

 

 

Wholesale

 

 

Other non-reportable

 

 

Corporate non-segment

 

 

Total

 

Net revenues

 

$

12,579

 

 

$

4,789

 

 

$

283

 

 

$

 

 

$

17,651

 

Cost of revenues

 

 

7,562

 

 

 

2,641

 

 

 

124

 

 

 

 

 

 

10,327

 

Gross profit

 

 

5,017

 

 

 

2,148

 

 

 

159

 

 

 

 

 

 

7,324

 

Operating expenses

 

 

(4,758

)

 

 

(1,383

)

 

 

(404

)

 

 

(3,850

)

 

 

(10,395

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(281

)

 

 

(281

)

Change in fair value of warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

(872

)

 

 

(872

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

312

 

 

 

312

 

Income (loss) before income taxes

 

$

259

 

 

$

765

 

 

$

(245

)

 

$

(4,691

)

 

$

(3,912

)

 

 

 

For the Six Months Ended

 

 

 

June 30, 2022

 

 

 

DTC

 

 

Wholesale

 

 

Other non-reportable

 

 

Corporate non-segment

 

 

Total

 

Net revenues

 

$

24,408

 

 

$

11,300

 

 

$

391

 

 

$

 

 

$

36,099

 

Cost of revenues

 

 

13,557

 

 

 

7,136

 

 

 

287

 

 

 

 

 

 

20,980

 

Gross profit

 

 

10,851

 

 

 

4,164

 

 

 

104

 

 

 

 

 

 

15,119

 

Operating expenses

 

 

(8,481

)

 

 

(3,292

)

 

 

(394

)

 

 

(11,559

)

 

 

(23,726

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(146

)

 

 

(146

)

Change in fair value of warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

549

 

 

 

549

 

Income (loss) before income taxes

 

$

2,370

 

 

$

872

 

 

$

(290

)

 

$

(11,156

)

 

$

(8,204

)

 

 

 

For the Six Months Ended

 

 

 

June 30, 2021

 

 

 

DTC

 

 

Wholesale

 

 

Other non-reportable

 

 

Corporate non-segment

 

 

Total

 

Net revenues

 

$

26,852

 

 

$

7,624

 

 

$

640

 

 

$

 

 

$

35,116

 

Cost of revenues

 

 

15,356

 

 

 

4,323

 

 

 

274

 

 

 

 

 

 

19,953

 

Gross profit

 

 

11,496

 

 

 

3,301

 

 

 

366

 

 

 

 

 

 

15,163

 

Operating expenses

 

 

(10,288

)

 

 

(2,205

)

 

 

(887

)

 

 

(5,763

)

 

 

(19,143

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(421

)

 

 

(421

)

Change in fair value of warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

(893

)

 

 

(893

)

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

608

 

 

 

608

 

Gain on debt forgiveness from Paycheck Protection Program

 

 

 

 

 

 

 

 

 

 

 

1,364

 

 

 

1,364

 

Income (loss) before income taxes

 

$

1,208

 

 

$

1,096

 

 

$

(521

)

 

$

(5,105

)

 

$

(3,322

)