Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 5 Months Ended 7 Months Ended 8 Months Ended 12 Months Ended
Oct. 12, 2020
Apr. 30, 2020
Jul. 31, 2021
Jan. 31, 2022
Oct. 31, 2021
Apr. 30, 2020
Jun. 11, 2021
Jan. 31, 2021
Aug. 27, 2020
Jan. 31, 2022
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2020
Revenues:                          
Total revenues     $ 91,012,000 $ 166,183,000 $ 170,559,000   $ 139,636,000 $ 108,768,000 $ 273,851,000 $ 427,754,000     $ 514,021,000
Operating expenses:                          
Costs of revenues     28,006,000 49,517,000 48,891,000   35,881,000 40,898,000 52,160,000 126,414,000     96,044,000
Content and software development     9,878,000 20,367,000 16,437,000   24,084,000 30,028,000 38,986,000 46,682,000     67,951,000
Selling and marketing     22,234,000 43,938,000 39,938,000   41,940,000 55,285,000 75,028,000 106,110,000     140,785,000
General and administrative     17,073,000 26,811,000 28,120,000   17,217,000 21,636,000 37,455,000 72,004,000     57,356,000
Amortization of intangible assets     20,023,000 38,835,000 37,064,000   50,902,000 39,824,000 34,378,000 95,922,000     96,359,000
Impairment of intangible assets   $ 332,400,000             332,376,000       440,598,000
Recapitalization and acquisition-related costs     9,995,000 6,512,000 3,687,000   6,938,000 15,928,000 32,099,000 20,194,000     16,244,000
Restructuring     316,000 2,603,000 777,000   (703,000) 4,341,000 1,179,000 3,696,000     1,900,000
Total operating expenses     107,525,000 188,583,000 174,914,000   176,259,000 207,940,000 603,661,000 471,022,000     917,237,000
Operating (loss) income     (16,513,000) (22,400,000) (4,355,000)   (36,623,000) (99,172,000) (329,810,000) (43,268,000)     (403,216,000)
Other (expense) income, net     (697,000) (542,000) (611,000)   (493,000) 552,000 1,268,000 (1,850,000)     (5,120,000)
Fair value adjustment of warrants $ 7,400,000   17,115,000 37,164,000 (36,838,000)   900,000 2,900,000   17,441,000      
Interest income     12,000 64,000 18,000   64,000 24,000 105,000 94,000     306,000
Interest expense     (9,856,000) (7,000,000) (7,510,000)   (16,820,000) (19,960,000) (168,341,000) (24,366,000)     (429,963,000)
Reorganization items, net                 3,329,245,000   $ 3,300,000,000    
(Loss) income before (benefit from) provision for income taxes     (9,939,000) 7,286,000 (49,296,000)   (52,972,000) (115,656,000) 2,832,467,000 (51,949,000)     (837,993,000)
(Benefit from) provision for income taxes     1,915,000 (617,000) (6,441,000)   (3,708,000) (21,934,000) 68,455,000 (5,143,000)     11,212,000
Net (loss) income     (11,854,000) 7,903,000 (42,855,000)   (49,264,000) (93,722,000) 2,764,012,000 (46,806,000)     (849,205,000)
Net loss per share class                          
Net (loss) income     $ (11,854,000) $ 7,903,000 $ (42,855,000)   $ (49,264,000) $ (93,722,000) $ 2,764,012,000 $ (46,806,000)     $ (849,205,000)
Ordinary - Basic     $ (0.09) $ 0.06 $ (0.32)       $ 27,612.51 $ (0.35)     $ (8,483.57)
Ordinary - Diluted     $ (0.09) $ 0.06 $ (0.32)       $ 27,612.51 $ (0.35)     $ (8,483.57)
Weighted average common share outstanding:                          
Ordinary - Basic     133,059 133,216 133,116       100,100 133,143,000     100,100
Ordinary - Diluted     133,059 133,216 133,116       100,100 133,143,000     100,100
Financial Designation, Predecessor and Successor [Fixed List]           Predecessor Predecessor Predecessor Predecessor Successor Successor Predecessor Predecessor
Class A Common Stock                          
Operating expenses:                          
Net (loss) income             $ (47,293,000) $ (89,973,000)          
Net loss per share class                          
Net (loss) income             (47,293,000) (89,973,000)          
Gain (loss) on modifications of terms of participation rights held by other shareholders and warrants               (5,900,000)          
Net loss attributable to Class             $ (47,293,000) $ (95,873,000)          
Ordinary - Basic             $ (12.32) $ (24.97)          
Ordinary - Diluted             $ (12.32) $ (24.97)          
Weighted average common share outstanding:                          
Ordinary - Basic             3,840,000 3,840,000          
Ordinary - Diluted             3,840,000 3,840,000          
Class B Common Stock                          
Operating expenses:                          
Net (loss) income             $ (1,971,000) $ (3,749,000)          
Net loss per share class                          
Net (loss) income             (1,971,000) (3,749,000)          
Gain (loss) on modifications of terms of participation rights held by other shareholders and warrants               5,900,000          
Net loss attributable to Class             $ (1,971,000) $ 2,151,000          
Ordinary - Basic             $ (12.32) $ 13.44          
Ordinary - Diluted             $ (12.32) $ 13.44          
Weighted average common share outstanding:                          
Ordinary - Basic             160,000 160,000          
Ordinary - Diluted             160,000 160,000