$ACVA
ACV Auctions Inc.

2021 Q2 Form 10-Q Financial Statement

#000095017021001280 Filed on August 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $97.37M $44.90M $42.24M
YoY Change 116.88% 103.43% 138.63%
Cost Of Revenue $53.92M $19.98M $28.89M
YoY Change 169.85% 30.16% 131.68%
Gross Profit $43.46M $24.92M $13.35M
YoY Change 74.39% 270.83% 155.26%
Gross Profit Margin 44.63% 55.5% 31.61%
Selling, General & Admin $27.51M $13.89M $23.07M
YoY Change 98.06% -1.13% 87.26%
% of Gross Profit 63.31% 55.74% 172.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.838M $1.460M $1.445M
YoY Change 25.89% 421.43% 863.33%
% of Gross Profit 4.23% 5.86% 10.82%
Operating Expenses $106.7M $49.21M $70.11M
YoY Change 116.85% 113.57% 258.08%
Operating Profit -$9.330M -$4.309M -$27.88M
YoY Change 116.52% -73.6% 94.26%
Interest Expense $251.0K $180.0K $111.0K
YoY Change 39.44% -65.38% -75.87%
% of Operating Profit
Other Income/Expense, Net -$206.0K -$39.00K $398.0K
YoY Change 428.21%
Pretax Income -$9.536M -$4.348M -$27.48M
YoY Change 119.32% -72.48% 97.97%
Income Tax $156.0K $48.00K $47.00K
% Of Pretax Income
Net Earnings -$9.692M -$4.396M -$27.53M
YoY Change 120.47% -72.18% 98.31%
Net Earnings / Revenue -9.95% -9.79% -65.17%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06 -$28.54K -$178.6K
COMMON SHARES
Basic Shares Outstanding 154.6M
Diluted Shares Outstanding 154.6M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $690.8M
YoY Change
Cash & Equivalents $664.3M $166.8M $148.8M
Short-Term Investments $26.51M
Other Short-Term Assets $12.25M
YoY Change
Inventory
Prepaid Expenses
Receivables $234.2M
Other Receivables $0.00
Total Short-Term Assets $937.3M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $5.328M
YoY Change
Goodwill $21.82M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.212M
YoY Change
Total Long-Term Assets $51.70M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $937.3M
Total Long-Term Assets $51.70M
Total Assets $989.0M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $367.6M
YoY Change
Accrued Expenses $12.32M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $390.3M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $500.0K
YoY Change
Other Long-Term Liabilities $5.217M
YoY Change
Total Long-Term Liabilities $5.217M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $390.3M
Total Long-Term Liabilities $5.217M
Total Liabilities $397.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$194.0M
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $592.0M -$134.8M -$131.5M
YoY Change
Total Liabilities & Shareholders Equity $989.0M
YoY Change

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income -$9.692M -$4.396M -$27.53M
YoY Change 120.47% -72.18% 98.31%
Depreciation, Depletion And Amortization $1.838M $1.460M $1.445M
YoY Change 25.89% 421.43% 863.33%
Cash From Operating Activities $26.95M -$31.90M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$3.271M $1.486M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$10.58M
YoY Change
Cash From Investing Activities -$13.85M -$5.043M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.461M 3.454M
YoY Change
NET CHANGE
Cash From Operating Activities 26.95M -31.90M
Cash From Investing Activities -13.85M -5.043M
Cash From Financing Activities -8.461M 3.454M
Net Change In Cash 4.639M -33.49M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $26.95M -$31.90M
Capital Expenditures -$3.271M $1.486M
Free Cash Flow $30.22M -$33.39M
YoY Change

Facts In Submission

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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
163000
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IncreaseDecreaseInOtherNoncurrentLiabilities
1302000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
218000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1000
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72814000
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IncreaseDecreaseInFinanceReceivables
18153000
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
966000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1664000
acva Capitalization Of Software Costs
CapitalizationOfSoftwareCosts
2508000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5500000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
385852000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5250000
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ProceedsFromIssuanceOfLongTermDebt
3387000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
9582000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Proceeds From Stock Options Exercised
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679000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
185000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
382199000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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430599000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
233725000
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CashAndCashEquivalentsAtCarryingValue
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
185000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-70000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
112000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-23000
acva Cash Paid Included In Measurement Of Operating Lease Liabilities
CashPaidIncludedInMeasurementOfOperatingLeaseLiabilities
0
acva Cash Paid Included In Measurement Of Operating Lease Liabilities
CashPaidIncludedInMeasurementOfOperatingLeaseLiabilities
338000
acva Right Of Use Assets Obtained Including Initial Adoption
RightOfUseAssetsObtainedIncludingInitialAdoption
0
acva Right Of Use Assets Obtained Including Initial Adoption
RightOfUseAssetsObtainedIncludingInitialAdoption
718000
acva Stock Issuance Costs In Accounts Payable
StockIssuanceCostsInAccountsPayable
140000
acva Stock Issuance Costs In Accounts Payable
StockIssuanceCostsInAccountsPayable
0
acva Contingent Consideration
ContingentConsideration
0
acva Contingent Consideration
ContingentConsideration
5700000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
858000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
182275000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
3900000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
61000
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
100000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
65000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1481000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1443000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
3599000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1005000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2591000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1821000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2093000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1352000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
693000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1425000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2759000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3410000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
879000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
405000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2381000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
741000
CY2021Q2 acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
126000
CY2020Q2 acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
1020000
acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
378000
acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
2669000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3158000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2282000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3158000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
84000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
88000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2282000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
90000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
119000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
28000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
146000
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
71000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9933348
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
96000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.16
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
129358000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2021Q2 acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
84000
CY2020Q2 acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
88000
acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
90000
acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
96000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40000
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
10 days
us-gaap Guarantee Obligations Liquidation Proceeds
GuaranteeObligationsLiquidationProceeds
237500000
CY2020 us-gaap Guarantee Obligations Liquidation Proceeds
GuaranteeObligationsLiquidationProceeds
95700000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
633700
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
500000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
4832000
CY2021Q1 acva Convertible Preferred Stock Shares Outstanding
ConvertiblePreferredStockSharesOutstanding
0
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The Class A common stock is entitled to one vote per share and the Class B common stock is entitled to ten votes per share.
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.10
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
519140
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
126811
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.45
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
26743
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
1.94
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3M29D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9894354
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.56
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
228225000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M8D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5420429
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.84
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
134346000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4473925
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.64
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
93879000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y9M10D
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.02
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2021Q2 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
1400000
CY2020Q4 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
1000000.0
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4396000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31920000
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21369825
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21283589
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.21
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.50
CY2021Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On March 11, 2021, the Board of Directors and the stockholders of the Company approved a 1-for-2 reverse stock split of the Company’s outstanding common stock and convertible preferred stock. All common stock, convertible preferred stock, and per share information have been retroactively adjusted to give effect to this reverse stock split for all periods presented. Shares of common stock underlying outstanding stock options, restricted stock units, and restricted stock awards were proportionately decreased and the retrospective per share value and exercise prices, if applicable, were proportionately increased in accordance with the terms of the agreements governing such securities. There were no changes in the par values of the Company’s common stock and convertible preferred stock as a result of the reverse stock split.
CY2021Q1 acva Stockholders Equity Reverse Stock Split Converstion Ratio
StockholdersEquityReverseStockSplitConverstionRatio
1-for-2
CY2021Q1 acva Stockholders Equity Reverse Stock Split Effect On Par Value
StockholdersEquityReverseStockSplitEffectOnParValue
0

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