General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Operations

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Development services revenue         $ 0 $ 19,601,000
Operating expenses:            
Cost of revenue         0 160,000
Research and development     $ 318,921,000 $ 75,580,000 179,426,000 107,368,000
Selling, general and administrative     54,326,000 14,702,000 38,693,000 25,591,000
Total operating expenses     373,247,000 90,282,000 218,119,000 133,119,000
Loss from operations     (373,247,000) (90,282,000) (218,119,000) (113,518,000)
Other income (expense):            
Interest and other income     261,000 3,217,000    
Unrealized gain on investments held in Trust Account     0 289,000 (125,000) 125,000
Interest income         3,717,000 11,701,000
Other expense     (88,000) (4,000) (45,000) (31,000)
Loss before income taxes     (373,074,000) (87,069,000) (214,447,000) (101,848,000)
Income tax expense (benefit)     (2,643,000) 0 2,000 (7,771,000)
Net loss     $ (370,431,000) $ (87,069,000) $ (214,449,000) $ (94,077,000)
Basic and diluted net loss per share     $ (1.57) $ (0.71) $ (1.72) $ (0.80)
Basic and diluted weighted-average shares outstanding     236,133,823 123,200,467 124,743,865 117,188,874
Reinvent Technology Partners Y [Member]            
General and administrative expenses $ 799,535 $ 18,620 $ 1,008,041      
Operating expenses:            
Loss from operations (799,535)   (1,008,041)      
Other income (expense):            
Change in fair value of derivative warrant liabilities (2,841,130)   (3,753,970)      
Financing costs - derivative warrant liabilities 0   (1,111,480)      
Unrealized gain on investments held in Trust Account 34,940   43,775      
Total other income (expense) (2,806,190)   (4,821,675)      
Net loss (3,605,725) $ (18,620) (5,829,716)      
Basic and diluted net loss per share   $ 0.00        
Basic and diluted weighted-average shares outstanding [1],[2]   21,250,000        
Class A Ordinary Shares | Reinvent Technology Partners Y [Member]            
Other income (expense):            
Unrealized gain on investments held in Trust Account $ 34,940   $ 43,775      
Basic and diluted net loss per share        
Basic and diluted weighted-average shares outstanding 97,746,081   97,746,566      
Class B Ordinary Shares | Reinvent Technology Partners Y [Member]            
Other income (expense):            
Net loss $ (3,605,725)   $ (5,829,716)      
Basic and diluted net loss per share $ (0.16)   $ (0.25)      
Basic and diluted weighted-average shares outstanding 24,437,500   23,099,102      
[1] On February 10, 2021, the Company effected a share capitalization resulting in an aggregate of 24,437,500 Class B ordinary shares outstanding. All shares and associated amounts have been retroactively restated to reflect the share capitalization (see Note 5).
[2] This number excludes an aggregate of up to 3,187,500 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters.