Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue $ 412,964 $ 330,230
Operating expenses    
Commission and other agent-related costs 372,246 300,509
Operations and support 8,249 5,470
Technology and development 7,715 3,911
General and administrative 43,217 32,733
Marketing 5,218 1,895
Depreciation and amortization 3,096 1,817
Total operating expenses 439,741 346,335
Loss from operations (26,777) (16,105)
Other expense (income), net    
Gain on extinguishment of debt   (433)
Interest expense (income), net (11) 7
Other nonoperating expense (income), net 914 59
Other expense (income), net 903 (367)
Loss before income taxes (27,680) (15,738)
Income tax expense (benefit) (54) (3,247)
Net loss (27,626) (12,491)
Net loss $ (27,626) $ (12,491)
Net loss per share:    
Basic $ (1.73) $ (0.88)
Diluted $ (1.73) $ (0.88)
Weighted average common shares outstanding:    
Basic 16,001,367 14,269,078
Diluted 16,001,367 14,269,078
Gross commission income    
Revenue $ 390,615 $ 314,373
Other service revenue    
Revenue $ 22,349 $ 15,857