2024 Q2 Form 10-Q Financial Statement

#000185928524000027 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.29M
YoY Change -39.34%
Cash & Equivalents $77.29M
Short-Term Investments
Other Short-Term Assets $5.639M
YoY Change -34.72%
Inventory
Prepaid Expenses
Receivables $131.0M
Other Receivables $0.00
Total Short-Term Assets $229.8M
YoY Change -18.49%
LONG-TERM ASSETS
Property, Plant & Equipment $7.916M
YoY Change -5.47%
Goodwill $836.6M
YoY Change 3.11%
Intangibles $282.2M
YoY Change -11.28%
Long-Term Investments
YoY Change
Other Assets $24.89M
YoY Change 20.91%
Total Long-Term Assets $1.275B
YoY Change -0.82%
TOTAL ASSETS
Total Short-Term Assets $229.8M
Total Long-Term Assets $1.275B
Total Assets $1.505B
YoY Change -4.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.769M
YoY Change -7.13%
Accrued Expenses $79.08M
YoY Change -22.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $7.500M
YoY Change -10.18%
Total Short-Term Liabilities $130.7M
YoY Change -10.93%
LONG-TERM LIABILITIES
Long-Term Debt $723.5M
YoY Change 6.1%
Other Long-Term Liabilities $10.29M
YoY Change -5.15%
Total Long-Term Liabilities $733.7M
YoY Change 5.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.7M
Total Long-Term Liabilities $733.7M
Total Liabilities $1.038B
YoY Change 0.89%
SHAREHOLDERS EQUITY
Retained Earnings -$230.6M
YoY Change 3.09%
Common Stock $80.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $449.8M
YoY Change
Total Liabilities & Shareholders Equity $1.505B
YoY Change -4.0%

Cashflow Statement

Concept 2024 Q2 2024 Q1

Facts In Submission

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CY2024Q1 dei Document Type
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CY2024Q1 hrt Increase Decrease Capitalized Cloud Computing Software Costs
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CY2023Q1 hrt Increase Decrease Capitalized Cloud Computing Software Costs
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CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2024Q1 us-gaap Increase Decrease In Accounts Payable
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CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2024Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2023Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2024Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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219000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 hrt Repayment Of Income Tax Receivable Liability
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CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q1 us-gaap Interest Paid Net
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CY2024Q1 us-gaap Income Taxes Paid Net
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CY2023Q1 us-gaap Income Taxes Paid Net
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CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2024Q1 hrt Tax Receivable Agreements Payment To Shareholders Of Realized Company Tax Benefits Term
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P12Y
CY2024Q1 hrt Tax Receivable Agreements Payment To Shareholders Of Realized Company Tax Benefits Percent
TaxReceivableAgreementsPaymentToShareholdersOfRealizedCompanyTaxBenefitsPercent
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CY2024Q1 hrt Tax Receivable Agreements Estimated Tax Liability Current And Noncurrent
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CY2023Q4 hrt Tax Receivable Agreements Estimated Tax Liability Current And Noncurrent
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CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates, judgments, and assumptions that affect the amounts reported and disclosed in the financial statements. The Company believes that the estimates, judgments, and assumptions used to determine certain amounts that affect the financial statements are reasonable based upon information available at the time they are made. The Company uses such estimates, judgments, and assumptions when accounting for items and matters such as, but not limited to, the allowance for credit losses, customer rebates, impairment assessments and charges, recoverability of long-lived assets, deferred tax assets, lease accounting, uncertain tax positions, income tax expense, liabilities under the TRA, derivative instruments, fair value of debt, stock-based compensation expense, useful lives assigned to long-lived assets, the allocation of purchase consideration, and the stand-alone selling price of performance obligations for revenue recognition purposes. Results and outcomes could differ materially from these estimates, judgments, and assumptions due to risks and uncertainties.</span></div>
CY2024Q1 us-gaap Other Prepaid Expense Current
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CY2023Q4 us-gaap Other Assets Current
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CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2024Q1 us-gaap Other Assets Miscellaneous Noncurrent
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CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
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5079000 usd
CY2024Q1 us-gaap Other Assets Noncurrent
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CY2023Q4 us-gaap Other Assets Noncurrent
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CY2024Q1 hrt Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
1 option
CY2024Q1 us-gaap Lessee Operating Lease Renewal Term
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CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5608000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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CY2024Q1 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2024Q1 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Operating Lease Liability
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CY2024Q1 us-gaap Operating Lease Payments
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CY2023Q1 us-gaap Operating Lease Payments
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CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2024Q1 hrt Accrued Data Costs Current
AccruedDataCostsCurrent
34546000 usd
CY2023Q4 hrt Accrued Data Costs Current
AccruedDataCostsCurrent
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CY2024Q1 hrt Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
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CY2023Q4 hrt Tax Receivable Agreement Liability Current
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27169000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
38481000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
36213000 usd
CY2024Q1 hrt Accrued Expenses And Other Liabilities Current
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94194000 usd
CY2023Q4 hrt Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
100963000 usd
CY2024Q1 hrt Accrued Salaries Employee Benefits And Payroll Taxes Current
AccruedSalariesEmployeeBenefitsAndPayrollTaxesCurrent
15160000 usd
CY2023Q4 hrt Accrued Salaries Employee Benefits And Payroll Taxes Current
AccruedSalariesEmployeeBenefitsAndPayrollTaxesCurrent
14681000 usd
CY2024Q1 us-gaap Accrued Bonuses Current
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5125000 usd
CY2023Q4 us-gaap Accrued Bonuses Current
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14711000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
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29392000 usd
CY2024Q1 us-gaap Long Term Debt
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746250000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
750000000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
11216000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
11538000 usd
CY2024Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
4079000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
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4195000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 usd
CY2023Q4 us-gaap Long Term Debt Current
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CY2024Q1 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2024Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
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CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
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CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2527000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
13524000 usd
CY2023Q4 us-gaap Noncurrent Assets
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CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
173202000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1300000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Amortization
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CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2024Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.429
CY2024Q1 hrt Inflation Reduction Act Excise Tax On Share Repurchases
InflationReductionActExciseTaxOnShareRepurchases
300000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3552000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
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3828000 usd
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8338300 shares
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-3271000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67351727 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77285116 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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77285116 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
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NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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Files In Submission

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hrt-20240331_lab.xml Edgar Link unprocessable
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0001859285-24-000027-xbrl.zip Edgar Link pending
exhibit311-033124.htm Edgar Link pending
exhibit312-033124.htm Edgar Link pending
exhibit321-033124.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hrt-20240331.htm Edgar Link pending
hrt-20240331.xsd Edgar Link pending
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