2024 Q1 Form 10-K Financial Statement

#000162828024010843 Filed on March 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $18.05M $16.79M $69.56M
YoY Change -4.94% -75.94% -66.86%
Cost Of Revenue $2.510M $1.215M $2.529M
YoY Change 325.42% 96.6% 21.65%
Gross Profit $15.54M $15.58M $67.03M
YoY Change -15.54% -77.49% -67.75%
Gross Profit Margin 86.1% 92.76% 96.36%
Selling, General & Admin $23.42M $25.22M $105.9M
YoY Change -23.04% -48.34% -24.71%
% of Gross Profit 150.69% 161.94% 157.97%
Research & Development $25.74M $30.33M $127.1M
YoY Change -33.25% -37.17% -32.34%
% of Gross Profit 165.57% 194.74% 189.66%
Depreciation & Amortization $331.0K -$914.0K $1.187M
YoY Change -52.31% -258.68% -49.01%
% of Gross Profit 2.13% -5.87% 1.77%
Operating Expenses $49.16M $55.55M $233.0M
YoY Change -29.15% -30.4% 24.01%
Operating Profit -$33.61M -$39.98M -$166.0M
YoY Change -34.06% 275.7% -932.8%
Interest Expense $12.50M -$9.618M $46.33M
YoY Change -240.22% -3.67% 478.63%
% of Operating Profit
Other Income/Expense, Net -$12.14M $9.724M -$29.43M
YoY Change -8773.57% 8505.31% -8344.54%
Pretax Income -$45.80M -$39.87M -$7.888M
YoY Change -23.27% 97.48% -94.9%
Income Tax $200.0K $43.17M $39.11M
% Of Pretax Income
Net Earnings -$46.61M -$85.03M -$240.1M
YoY Change -21.57% 251.99% 54.08%
Net Earnings / Revenue -258.16% -506.44% -345.11%
Basic Earnings Per Share -$0.56 -$2.94
Diluted Earnings Per Share -$0.56 -$1.03 -$2.94
COMMON SHARES
Basic Shares Outstanding 82.53M shares 81.71M shares
Diluted Shares Outstanding 82.55M shares 81.71M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $234.3M $278.6M $278.6M
YoY Change -24.56% -14.66% -14.66%
Cash & Equivalents $234.3M $278.6M $278.6M
Short-Term Investments
Other Short-Term Assets $16.74M $16.33M $16.33M
YoY Change -38.4% -41.75% -38.73%
Inventory $16.00M $16.18M $16.18M
Prepaid Expenses
Receivables $23.19M $25.18M $25.18M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $290.2M $336.3M $336.3M
YoY Change -23.63% -24.6% -24.6%
LONG-TERM ASSETS
Property, Plant & Equipment $5.785M $5.622M $16.13M
YoY Change -63.17% -43.67% 61.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $930.0K $1.647M $1.647M
YoY Change -96.85% -94.71% -94.71%
Other Assets $986.0K $711.0K $711.0K
YoY Change -96.58% -97.43% -97.43%
Total Long-Term Assets $17.76M $18.49M $18.49M
YoY Change -79.74% -77.76% -77.76%
TOTAL ASSETS
Total Short-Term Assets $290.2M $336.3M $336.3M
Total Long-Term Assets $17.76M $18.49M $18.49M
Total Assets $308.0M $354.8M $354.8M
YoY Change -34.15% -32.95% -32.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.32M $15.57M $15.57M
YoY Change 64.65% 26.05% 26.05%
Accrued Expenses $48.67M $50.63M $50.63M
YoY Change -26.07% 210.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $1.467M $1.467M
YoY Change -89.19% -89.19%
Total Short-Term Liabilities $62.99M $67.67M $67.67M
YoY Change -22.32% -31.62% -31.62%
LONG-TERM LIABILITIES
Long-Term Debt $423.2M $426.5M $426.5M
YoY Change 30.42% 34.9% 34.9%
Other Long-Term Liabilities $6.524M $8.879M $8.879M
YoY Change -73.24% -64.94% -64.94%
Total Long-Term Liabilities $6.524M $8.879M $435.4M
YoY Change -98.13% -97.4% 27.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.99M $67.67M $67.67M
Total Long-Term Liabilities $6.524M $8.879M $435.4M
Total Liabilities $502.4M $503.0M $503.0M
YoY Change 16.84% 14.21% 14.21%
SHAREHOLDERS EQUITY
Retained Earnings -$1.382B -$1.335B
YoY Change 21.91%
Common Stock $7.312M $7.312M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $502.0K $541.0K
YoY Change -20.32%
Treasury Stock Shares
Shareholders Equity -$194.4M -$148.2M -$148.2M
YoY Change
Total Liabilities & Shareholders Equity $308.0M $354.8M $354.8M
YoY Change -34.15% -32.95% -32.95%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$46.61M -$85.03M -$240.1M
YoY Change -21.57% 251.99% 54.08%
Depreciation, Depletion And Amortization $331.0K -$914.0K $1.187M
YoY Change -52.31% -258.68% -49.01%
Cash From Operating Activities -$44.10M -$33.07M -$118.7M
YoY Change 198.52% -36.52% -13.24%
INVESTING ACTIVITIES
Capital Expenditures $531.0K $327.0K $3.216M
YoY Change -47.74% 179.49% 39.95%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$531.0K -$527.0K -$3.216M
YoY Change -47.74% 350.43% 28.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $356.0K 1.639M $73.88M
YoY Change -281.63% -166.95% -12557.84%
NET CHANGE
Cash From Operating Activities -$44.10M -33.07M -$118.7M
Cash From Investing Activities -$531.0K -527.0K -$3.216M
Cash From Financing Activities $356.0K 1.639M $73.88M
Net Change In Cash -$44.27M -31.96M -$48.03M
YoY Change 176.98% -41.53% -65.67%
FREE CASH FLOW
Cash From Operating Activities -$44.10M -$33.07M -$118.7M
Capital Expenditures $531.0K $327.0K $3.216M
Free Cash Flow -$44.63M -$33.40M -$121.9M
YoY Change 182.68% -36.03% -12.36%

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CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1854000 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
376000 usd
CY2023 adc Other Comprehensive Income Loss Before Oci Equity Method Investment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeOCIEquityMethodInvestmentNetOfTaxPortionAttributableToParent
-1478000 usd
CY2023 us-gaap Oci Equity Method Investment After Tax Parent
OciEquityMethodInvestmentAfterTaxParent
-438000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1916000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-241969000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
774000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13495000 usd
CY2023 adc Stockholders Equity Excluding Oci Period Increase Decrease
StockholdersEquityExcludingOCIPeriodIncreaseDecrease
14269000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-148249000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-240053000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-157128000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
37104000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
13495000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
49322000 usd
CY2023 us-gaap Amortization Of Advance Royalty
AmortizationOfAdvanceRoyalty
19207000 usd
CY2022 us-gaap Amortization Of Advance Royalty
AmortizationOfAdvanceRoyalty
12202000 usd
CY2023 adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
-4972000 usd
CY2022 adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
-15402000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
1608000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
2165000 usd
CY2023 us-gaap Depreciation
Depreciation
1187000 usd
CY2022 us-gaap Depreciation
Depreciation
1060000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2080000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1328000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5528000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-10084000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
25650000 usd
CY2023 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
-712000 usd
CY2022 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
0 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-497000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
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-11504000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-42114000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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42753000 usd
CY2023 us-gaap Increase Decrease In Inventories
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5712000 usd
CY2022 us-gaap Increase Decrease In Inventories
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9651000 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
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-7289000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
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11464000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
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-200000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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210000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
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3173000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
310000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
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-14143000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
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16246000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
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-1716000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1203000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
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7391000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-118686000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-138311000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3216000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
687000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3216000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-687000 usd
CY2023 adc Proceeds From Royalties Received Net Of Transaction Costs
ProceedsFromRoyaltiesReceivedNetOfTransactionCosts
73102000 usd
CY2022 adc Proceeds From Royalties Received Net Of Transaction Costs
ProceedsFromRoyaltiesReceivedNetOfTransactionCosts
0 usd
CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
773000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
115597000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2784000 usd
CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
118304000 usd
CY2023 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
0 usd
CY2022 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
6130000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
221000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1315000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
73875000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-897000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-48027000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-139895000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-208000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
326441000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
466544000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
278598000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
326441000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
15387000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
10178000 usd
CY2023 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
9725000 usd
CY2022 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
1948000 usd
CY2023 adc Noncash Payment For Royalty Financing Transaction
NoncashPaymentForRoyaltyFinancingTransaction
-8709000 usd
CY2022 adc Noncash Payment For Royalty Financing Transaction
NoncashPaymentForRoyaltyFinancingTransaction
-10998000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
19834000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
65000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2023 adc Number Of Subsidiaries
NumberOfSubsidiaries
3 subsidiary
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Use of Estimates</span></div><div style="padding-left:18pt"><span><br/></span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures in the consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on assumptions believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
278600000 usd
CY2022Q4 adc Accounts Receivable License Fees
AccountsReceivableLicenseFees
50000000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q4 adc Assets Noncurrent Excluding Joint Ventures
AssetsNoncurrentExcludingJointVentures
16844000 usd
CY2022Q4 adc Assets Noncurrent Excluding Joint Ventures
AssetsNoncurrentExcludingJointVentures
11162000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5622000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3355000 usd
CY2023 us-gaap Depreciation
Depreciation
1187000 usd
CY2022 us-gaap Depreciation
Depreciation
1060000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
296000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
296000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
793000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
793000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16095000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
12057000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
82000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
16000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
16177000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
12073000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
1608000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
2165000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9897000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6763000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4275000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3408000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4900000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1200000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
2080000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1328000 usd
CY2023Q4 us-gaap Short Term Lease Commitment Amount
ShortTermLeaseCommitmentAmount
3000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1955000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1939000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1976000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1991000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1794000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3999000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13654000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2007000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11647000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.026
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-7888000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
12206000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-187531000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-159023000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-195419000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-146817000 usd
CY2023 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
1479000 usd
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
37104000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
523000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2002000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
37104000 usd
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
1737000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-1621000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
111000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1848000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1621000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39106000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
227000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-195419000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-146817000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-26694000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-20041000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-343000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
982000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1022000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-654000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5800000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
6110000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2858000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
5143000 usd
CY2023 adc Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
-4745000 usd
CY2022 adc Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
629000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1576000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
6585000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
66989000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9435000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
6287000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
4258000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39106000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
227000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
162877000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
131120000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
14873000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
15645000 usd
CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
2546000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
1843000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
3326000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
3672000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
213488000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
172295000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
212156000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
131197000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1332000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
41098000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Investments
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225000 usd
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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1332000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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81000000.0 usd
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8600000 usd
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6600000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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5200000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1463000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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24000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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5184000 usd
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24902000 usd
CY2022Q4 adc Accrued Research And Development Costs Current
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12693000 usd
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16306000 usd
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13039000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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16558000 usd
CY2023Q4 adc Accrued Expenses And Other Current Liabilities
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50634000 usd
CY2022Q3 adc Proceeds Received For Issuance Of Common Stock Warrants And Long Term Debt
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126250000 usd
CY2022Q3 adc Stock Issued During Period Value Treasury Stock Reissued Gross
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6250000 usd
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3957000 usd
CY2022Q3 adc Allocation Of Proceeds Received For Issuance Of Common Stock Warrants And Long Term Debt
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126250000 usd
CY2022Q3 adc Stock Issued During Period Value Treasury Stock Reissued Gross
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6250000 usd
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3957000 usd
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126250000 usd
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244000 usd
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7551000 usd
CY2023Q4 us-gaap Secured Long Term Debt
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112700000 usd
CY2022Q4 us-gaap Secured Long Term Debt
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109700000 usd
CY2022 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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25650000 usd
CY2022Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
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CY2021Q3 adc Royalty Purchase Agreement
RoyaltyPurchaseAgreement
325000000 usd
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225000000 usd
CY2023 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
75000000 usd
CY2021Q3 adc Royalty Purchase Agreement Percent Of Milestone Payments
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0.07
CY2021Q3 adc Royalty Purchase Agreement Percent Of Performance Tests
RoyaltyPurchaseAgreementPercentOfPerformanceTests
0.10
CY2021Q3 adc Royalty Purchase Agreement Percent Sales
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0.07
CY2021Q3 adc Royalty Purchase Agreement High Single Digit Percentage Rate
RoyaltyPurchaseAgreementHighSingleDigitPercentageRate
0.10
CY2021Q3 adc Royalty Purchase Agreement Royalty Cap Period Of Payment
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P36M
CY2021Q3 adc Royalty Purchase Agreement Royalty Cap Payment Percent
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2.0
CY2021Q3 adc Royalty Purchase Agreement Royalty Cap Termination Period
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CY2021Q3 adc Royalty Purchase Agreement Buyout Percent Of Investment
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0.50
CY2021Q3 adc Royalty Purchase Agreement Buyout Percent Of Payments
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0.50
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225000000 usd
CY2021 adc Royalty Obligation Transaction Costs
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218000000 usd
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ProceedsFromRoyaltiesReceived
75000000 usd
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73100000 usd
CY2023 adc Royalty Obligation Transaction Costs
RoyaltyObligationTransactionCosts
1900000 usd
CY2021Q4 adc Deferred Royalty Obligation
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225477000 usd
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-10998000 usd
CY2022 adc Increase Decrease To Royalty Obligation Interest Expense
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23200000 usd
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CY2022Q4 adc Deferred Royalty Obligation
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222277000 usd
CY2023 adc Increase Decrease To Royalty Obligation Additional Proceeds From Sale Of Future Royalties
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75000000 usd
CY2023 adc Increase Decrease To Royalty Obligation Transaction Costs
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CY2023 adc Increase Decrease To Royalty Obligation Royalty Payments
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CY2023 adc Increase Decrease To Royalty Obligation Interest Expense
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27915000 usd
CY2023 adc Increase Decrease To Royalty Obligation Cumulative Catch Up Adjustment Other Net
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CY2023Q4 adc Deferred Royalty Obligation
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309613000 usd
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CY2023 adc Increase Decrease To Royalty Obligation Royalty Payments
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CY2023 adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
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CY2022 adc Deferred Royalty Obligation Cumulative Catch Up Adjustment
DeferredRoyaltyObligationCumulativeCatchUpAdjustment
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1
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CY2023 adc Defined Benefit Plan Guaranteed Interest Return On Employees Savings Supplementary Retirement Savings
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65 age
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CY2023 adc Defined Benefit Plan Rate To Convert Mandatory Savings To Annuity For Females
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0.044855
CY2023 adc Defined Benefit Plan Rate To Convert Supplementary Savings To Annuity For Males
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CY2023 adc Defined Benefit Plan Rate To Convert Supplementary Savings To Annuity For Females
DefinedBenefitPlanRateToConvertSupplementarySavingsToAnnuityForFemales
0.045411
CY2023 adc Defined Benefit Plan Rate To Convert Supplementary Savings To Annuity For Females
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0.045411
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
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CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
15279000 usd
CY2023 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
736000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
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CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
254000 usd
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
53000 usd
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-1445000 usd
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
3947000 usd
CY2023 adc Defined Benefit Plan Benefit Obligation Benefits Paid Credited
DefinedBenefitPlanBenefitObligationBenefitsPaidCredited
99000 usd
CY2022 adc Defined Benefit Plan Benefit Obligation Benefits Paid Credited
DefinedBenefitPlanBenefitObligationBenefitsPaidCredited
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CY2023 adc Defined Benefit Plan Benefit Obligation Contributions By Employer
DefinedBenefitPlanBenefitObligationContributionsByEmployer
421000 usd
CY2022 adc Defined Benefit Plan Benefit Obligation Contributions By Employer
DefinedBenefitPlanBenefitObligationContributionsByEmployer
466000 usd
CY2023 adc Defined Benefit Plan Benefit Obligation Increase Decrease For Settlement And Curtailment
DefinedBenefitPlanBenefitObligationIncreaseDecreaseForSettlementAndCurtailment
5482000 usd
CY2022 adc Defined Benefit Plan Benefit Obligation Increase Decrease For Settlement And Curtailment
DefinedBenefitPlanBenefitObligationIncreaseDecreaseForSettlementAndCurtailment
0 usd
CY2023 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
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CY2022 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
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CY2023 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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-1174000 usd
CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
228000 usd
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
11101000 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
12685000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
12640000 usd
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
11267000 usd
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
58000 usd
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
111000 usd
CY2023 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
700000 usd
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
968000 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
421000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
466000 usd
CY2023 adc Defined Benefit Plan Plan Assets Benefits Paid Credited
DefinedBenefitPlanPlanAssetsBenefitsPaidCredited
100000 usd
CY2022 adc Defined Benefit Plan Plan Assets Benefits Paid Credited
DefinedBenefitPlanPlanAssetsBenefitsPaidCredited
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CY2023 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
5201000 usd
CY2022 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
0 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
1391000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-178000 usd
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
9909000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
12640000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1192000 usd
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2023Q4 adc Defined Benefit Plan Number Of Active Employees
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24 participant
CY2022Q4 adc Defined Benefit Plan Number Of Active Employees
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30 participant
CY2023 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
736000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1234000 usd
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
254000 usd
CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
53000 usd
CY2023 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
298000 usd
CY2022 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
166000 usd
CY2023 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
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CY2022 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-133000 usd
CY2023 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 usd
CY2022 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2023 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
79000 usd
CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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0 usd
CY2023 adc Defined Benefit Plan Amortization Of Prior Service Cost Credit Due To Reduction In Service Years
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditDueToReductionInServiceYears
-244000 usd
CY2022 adc Defined Benefit Plan Amortization Of Prior Service Cost Credit Due To Reduction In Service Years
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditDueToReductionInServiceYears
0 usd
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
209000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1167000 usd
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0145
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0230
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0145
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0230
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0150
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0150
CY2023 adc Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Pension Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfPensionIncrease
0.0000
CY2022 adc Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Pension Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfPensionIncrease
0.0000
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0256
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0256
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
701000 usd
CY2023 adc Defined Benefit Plan Obligation Weighted Average Duration
DefinedBenefitPlanObligationWeightedAverageDuration
P18Y
CY2022 adc Defined Benefit Plan Obligation Weighted Average Duration
DefinedBenefitPlanObligationWeightedAverageDuration
P16Y10M24D
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
379000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
386000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
397000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
431000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
462000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
2822000 usd
CY2023Q4 adc Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
4877000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-2179000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1937000 usd
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-1483000 usd
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
4070000 usd
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
371000 usd
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-46000 usd
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1854000 usd
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-4116000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-325000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-2179000 usd
CY2023 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-33000 usd
CY2022 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-179000 usd
CY2023Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
5000000.0 usd
CY2023 adc Capital Stock Authorized Increase Decrease
CapitalStockAuthorizedIncreaseDecrease
44520973 shares
CY2023Q4 adc Capital Stock Par Or Stated Value Per Share
CapitalStockParOrStatedValuePerShare
0.08
CY2023 adc Capital Stock Authorized Increase To Prevent Changes In Control Maximum Amount
CapitalStockAuthorizedIncreaseToPreventChangesInControlMaximumAmount
1432776 chf
CY2023 adc Capital Stock Authorized Increase To Prevent Changes In Control Maximum Shares
CapitalStockAuthorizedIncreaseToPreventChangesInControlMaximumShares
17909703 shares
CY2023Q4 adc Capital Stock Par Or Stated Value Per Share
CapitalStockParOrStatedValuePerShare
0.08
CY2023 adc Share Based Compensation Arrangement By Share Based Payment Award Value Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardValueOfAdditionalSharesAuthorized
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