2022 Q2 Form 10-Q Financial Statement

#000182072122000050 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $424.9M $300.6M $219.9M
YoY Change 116.23% 21.09% 21.75%
Cost Of Revenue $377.6M $274.0M $209.6M
YoY Change 114.51% 35.59% 44.44%
Gross Profit $47.38M $26.59M $10.29M
YoY Change 131.02% -42.41% -71.02%
Gross Profit Margin 11.15% 8.85% 4.68%
Selling, General & Admin $31.51M $39.83M $22.70M
YoY Change 108.49% 61.24% 8.59%
% of Gross Profit 66.51% 149.8% 220.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.56M $23.02M $6.492M
YoY Change 3992.67% 255.24% -5.91%
% of Gross Profit 51.83% 86.59% 63.1%
Operating Expenses $55.90M $58.75M $28.68M
YoY Change 165.16% 90.71% 5.04%
Operating Profit -$8.522M -$32.16M -$18.39M
YoY Change 1384.67% -309.37% -324.23%
Interest Expense -$9.757M $6.942M -$6.706M
YoY Change -246.7% -22.94% -1.38%
% of Operating Profit
Other Income/Expense, Net -$371.0K -$2.336M -$408.0K
YoY Change -94.52% -74.29% 308.0%
Pretax Income -$16.97M -$34.50M -$27.13M
YoY Change 131.01% -649.84% 194.85%
Income Tax -$14.20M -$12.40M -$5.225M
% Of Pretax Income
Net Earnings -$2.777M -$22.05M -$21.90M
YoY Change -49.66% -581.95% 123.48%
Net Earnings / Revenue -0.65% -7.34% -9.96%
Basic Earnings Per Share -$0.11 -$0.23
Diluted Earnings Per Share -$18.49K -$0.23 -$163.6K
COMMON SHARES
Basic Shares Outstanding 150.2M shares 148.3M shares 135.0M shares
Diluted Shares Outstanding 150.2M shares 148.3M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.05M $49.49M $367.7M
YoY Change 188.69% 159.12% 239.18%
Cash & Equivalents $51.05M $49.49M $367.7M
Short-Term Investments
Other Short-Term Assets $52.83M $46.50M $33.65M
YoY Change 355.56% 198.04% 171.36%
Inventory $330.0M $299.0M $205.7M
Prepaid Expenses
Receivables $457.9M $390.9M $236.0M
Other Receivables $16.22M $31.08M $9.052M
Total Short-Term Assets $907.9M $817.0M $852.0M
YoY Change 179.79% 183.82% 127.1%
LONG-TERM ASSETS
Property, Plant & Equipment $17.80M $16.88M $10.69M
YoY Change 82.34% 73.29% 9.39%
Goodwill $417.7M $379.8M $69.73M
YoY Change 499.04% 444.75% 0.04%
Intangibles $436.5M $470.7M $174.8M
YoY Change 134.07% 144.66% -11.86%
Long-Term Investments $12.00M
YoY Change
Other Assets $49.09M $31.31M $26.43M
YoY Change 88.03% 21.03% 755.86%
Total Long-Term Assets $867.5M $898.7M $290.9M
YoY Change 196.97% 201.87% 3.6%
TOTAL ASSETS
Total Short-Term Assets $907.9M $817.0M $852.0M
Total Long-Term Assets $867.5M $898.7M $290.9M
Total Assets $1.775B $1.716B $1.143B
YoY Change 187.93% 192.99% 74.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $232.3M $187.5M $91.39M
YoY Change 185.43% 161.01% 10.44%
Accrued Expenses $60.93M $68.92M $47.60M
YoY Change 113.98% 83.31% 47.81%
Deferred Revenue $167.6M $121.6M $99.58M
YoY Change 225.62% 35.32% -33.54%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $51.49M $48.18M $4.300M
YoY Change 1097.53% 1020.47% -0.3%
Total Short-Term Liabilities $515.3M $433.1M $245.3M
YoY Change 206.49% 85.89% -15.15%
LONG-TERM LIABILITIES
Long-Term Debt $797.6M $778.2M $711.1M
YoY Change 61.48% 98.69% 67.71%
Other Long-Term Liabilities $17.41M $7.102M $5.557M
YoY Change 307.42% 17.29%
Total Long-Term Liabilities $815.0M $892.4M $729.4M
YoY Change 56.46% 111.96% 62.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $515.3M $433.1M $245.3M
Total Long-Term Liabilities $815.0M $892.4M $729.4M
Total Liabilities $1.415B $1.326B $974.7M
YoY Change 105.38% 102.67% 32.27%
SHAREHOLDERS EQUITY
Retained Earnings -$302.9M -$294.0M -$271.9M
YoY Change 36.15% 35.51% 22.76%
Common Stock $150.0K $150.0K $135.0K
YoY Change 18.11% 18.11% 6.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $360.3M $108.4M -$69.21M
YoY Change
Total Liabilities & Shareholders Equity $1.775B $1.716B $1.143B
YoY Change 187.93% 192.99% 74.23%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.777M -$22.05M -$21.90M
YoY Change -49.66% -581.95% 123.48%
Depreciation, Depletion And Amortization $24.56M $23.02M $6.492M
YoY Change 3992.67% 255.24% -5.91%
Cash From Operating Activities -$10.67M -$50.10M -$97.35M
YoY Change -88.41% 18.86% -193.34%
INVESTING ACTIVITIES
Capital Expenditures -$1.538M $2.357M -$1.105M
YoY Change 156.33% 313.51% 57.86%
Acquisitions $373.8M
YoY Change
Other Investing Activities -$2.000K -$373.8M $0.00
YoY Change -99.9% 3638.16%
Cash From Investing Activities -$1.540M -$376.2M -$1.105M
YoY Change -40.19% 3458.87% 57.86%
FINANCING ACTIVITIES
Cash Dividend Paid $8.100M
YoY Change
Common Stock Issuance & Retirement, Net $15.89M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 21.96M $100.7M 349.7M
YoY Change -76.42% -375.31% -1668.31%
NET CHANGE
Cash From Operating Activities -10.67M -$50.10M -97.35M
Cash From Investing Activities -1.540M -$376.2M -1.105M
Cash From Financing Activities 21.96M $100.7M 349.7M
Net Change In Cash 9.754M -$318.2M 251.3M
YoY Change -768.54% 256.27% 209.08%
FREE CASH FLOW
Cash From Operating Activities -$10.67M -$50.10M -$97.35M
Capital Expenditures -$1.538M $2.357M -$1.105M
Free Cash Flow -$9.129M -$52.45M -$96.25M
YoY Change -90.01% 22.79% -191.66%

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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4413000 USD
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CY2022Q1 us-gaap Temporary Equity Stock Issued During Period Value New Issues
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32724000 USD
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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216078000 USD
CY2022Q1 us-gaap Temporary Equity Accretion Of Dividends
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11606000 USD
CY2022Q1 us-gaap Dividends Preferred Stock
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11606000 USD
CY2022Q1 us-gaap Net Income Loss
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-22054000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-9011000 USD
CY2022Q1 us-gaap Temporary Equity Shares Outstanding
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400000 shares
CY2022Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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281792000 USD
CY2022Q1 us-gaap Stockholders Equity
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108415000 USD
CY2020Q4 us-gaap Stockholders Equity
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-80899000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7897000 USD
CY2021Q1 us-gaap Net Income Loss
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4576000 USD
CY2021Q1 us-gaap Stockholders Equity
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-68426000 USD
CY2022Q1 us-gaap Net Income Loss
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-22054000 USD
CY2021Q1 us-gaap Net Income Loss
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4576000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
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145000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
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6649000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
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-109000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
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23023000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
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6481000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
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1710000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
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3586000 USD
CY2022Q1 us-gaap Share Based Compensation
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4508000 USD
CY2021Q1 us-gaap Share Based Compensation
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7911000 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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-3731000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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148000 USD
CY2022Q1 us-gaap Product Warranty Expense
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594000 USD
CY2021Q1 us-gaap Product Warranty Expense
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302000 USD
CY2022Q1 us-gaap Inventory Write Down
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409000 USD
CY2021Q1 us-gaap Inventory Write Down
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0 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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44268000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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5000000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
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46250000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
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6246000 USD
CY2022Q1 us-gaap Increase Decrease In Income Taxes Receivable
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21924000 USD
CY2021Q1 us-gaap Increase Decrease In Income Taxes Receivable
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-13003000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-5960000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3216000 USD
CY2022Q1 us-gaap Increase Decrease In Other Accounts Payable
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59551000 USD
CY2021Q1 us-gaap Increase Decrease In Other Accounts Payable
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-10556000 USD
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-132000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
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0 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
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7027000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
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5134000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
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2067000 USD
CY2022Q1 arry Increase Decrease In Operating Lease Liabilities
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6085000 USD
CY2021Q1 arry Increase Decrease In Operating Lease Liabilities
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247000 USD
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CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
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-59941000 USD
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-50097000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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-42148000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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0 USD
CY2021Q1 us-gaap Payments To Acquire Equity Securities Fv Ni
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10000000 USD
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-376173000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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373816000 USD
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-10570000 USD
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33098000 USD
CY2021Q1 arry Proceeds From Issuance Of Temporary Equity
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0 USD
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CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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175000 USD
CY2021Q1 arry Payment Of Temporary Equity Issuance Costs
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0 USD
CY2022Q1 arry Payments Of Common Stock Issuance Costs
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CY2021Q1 arry Payments Of Common Stock Issuance Costs
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CY2022Q1 us-gaap Proceeds From Lines Of Credit
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CY2021Q1 us-gaap Proceeds From Lines Of Credit
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6229000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
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0 USD
CY2022Q1 us-gaap Repayments Of Long Term Lines Of Credit
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4368000 USD
CY2021Q1 us-gaap Repayments Of Long Term Lines Of Credit
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30000000 USD
CY2022Q1 arry Business Combination Contingent Consideration Arrangements Settlements Of Contingent Consideration Liability
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1483000 USD
CY2021Q1 arry Business Combination Contingent Consideration Arrangements Settlements Of Contingent Consideration Liability
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0 USD
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0 USD
CY2021Q1 us-gaap Payments Of Financing Costs
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6590000 USD
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100736000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-36590000 USD
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7355000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-318179000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-89308000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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367670000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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108441000 USD
CY2022Q1 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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200224000 USD
CY2021Q1 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49491000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19133000 USD
CY2022Q1 us-gaap Nature Of Operations
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Organization and Business <div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Array Technologies, Inc. (the “Company”) formerly ATI Intermediate Holdings, LLC, is a Delaware corporation formed in December 2018 as a wholly owned subsidiary of ATI Investment Parent, LLC (“Former Parent”). On October 14, 2020, the Company converted from a Delaware limited liability company to a Delaware corporation and changed the Company’s name to Array Technologies, Inc. The Company is headquartered in Albuquerque, New Mexico, and manufactures and supplies solar tracking systems and related products for customers across the United States and internationally. The Company, through its wholly-owned subsidiary, ATI Investment Sub, Inc. (“ATI Investment”) owns subsidiaries through which it conducts substantially all operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Acquisition of STI</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">On January 11, 2022, the Company acquired 100% of the share capital of Soluciones Tecnicas Integrales Norland, S.L. a Spanish private limited liability Company, and its subsidiaries (collectively “STI”) with cash and common stock of the Company. The acquisition was accounted for as a business combination. See </span><span style="color:#0000ff;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%;text-decoration:underline"><a href="#i59968451bd3644b58774278879444444_603" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%;text-decoration:underline">Note 3 – Acquisition of STI</a></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">.</span></div>
CY2022Q1 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Use of Estimates </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">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 and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates include impairment of goodwill, impairment of long-lived assets, fair value of contingent consideration, Series A Redeemable Preferred Stock and the related future tranche, allowance for credit losses, reserve for excess or obsolete inventories, valuation of deferred tax assets and warranty reserve. Actual results may differ from previously estimated amounts, and such differences may be material to the condensed consolidated financial statements; however, management believes that these estimates and assumptions provide a reasonable basis for the fair presentation of the consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they occur.</span></div>
CY2022Q1 us-gaap Accounts Receivable Gross Current
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236149000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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275000 USD
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140000 USD
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390921000 USD
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236009000 USD
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155561000 USD
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151273000 USD
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127598000 USD
CY2022Q1 us-gaap Inventory Valuation Reserves
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7824000 USD
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7415000 USD
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299010000 USD
CY2021Q4 us-gaap Inventory Net
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205653000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
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28774000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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21915000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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11896000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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11223000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
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16878000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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10692000 USD
CY2022Q1 us-gaap Depreciation
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600000 USD
CY2021Q1 us-gaap Depreciation
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600000 USD
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500000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation
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500000 USD
CY2022Q1 us-gaap Depreciation Nonproduction
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100000 USD
CY2021Q1 us-gaap Depreciation Nonproduction
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100000 USD
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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51900000 USD
CY2022Q1 us-gaap Goodwill
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379800000 USD
CY2021Q4 us-gaap Goodwill
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69700000 USD
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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51900000 USD
CY2021Q4 us-gaap Goodwill
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69727000 USD
CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-17655000 USD
CY2022Q1 us-gaap Goodwill
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379840000 USD
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611665000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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293300000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
151275000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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128847000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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460390000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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164453000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
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470690000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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174753000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
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22500000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
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5900000 USD
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75291000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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50318000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
48805000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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48805000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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44499000 USD
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192672000 USD
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460390000 USD
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2000000 USD
CY2022Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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0 USD
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CY2021Q1 us-gaap Income Tax Expense Benefit
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1700000 USD
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CY2022Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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1125000 shares
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49376125 USD
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CY2022Q1 arry Percentage Of Variable Weighted Average Price Of Temporary Equity
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CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
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6300000 USD
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248240000 USD
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135997000 USD
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
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60000000 USD
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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4576000 USD
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11606000 USD
CY2021Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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4576000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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126994000 shares
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-0.23
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148288000 shares
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126994000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
304000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148288000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127298000 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q1 arry Incremental Common Shares Attributable To Anti Dilutive Effect Of Share Based Payment Arrangements
IncrementalCommonSharesAttributableToAntiDilutiveEffectOfShareBasedPaymentArrangements
654277 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.66
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0028
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
59627 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
0 shares
CY2022Q1 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
500000 USD
CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
600000 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
300586000 USD
CY2022Q1 us-gaap Gross Profit
GrossProfit
26587000 USD
CY2022Q1 us-gaap Assets
Assets
1715718000 USD

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