$ASPN
ASPEN AEROGELS INC

2022 Q4 Form 10-Q Financial Statement

#000156459022036861 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $59.61M $36.71M $30.38M
YoY Change 89.39% 20.82% 25.56%
Cost Of Revenue $45.28M $43.07M $27.31M
YoY Change 36.62% 57.67% 22.48%
Gross Profit $14.33M -$6.359M $3.067M
YoY Change -960.38% -307.34% 61.42%
Gross Profit Margin 24.05% -17.32% 10.1%
Selling, General & Admin $19.80M $17.26M $11.49M
YoY Change 74.74% 50.21% 76.2%
% of Gross Profit 138.15% 374.57%
Research & Development $4.197M $4.694M $3.077M
YoY Change 26.68% 52.55% 47.22%
% of Gross Profit 29.28% 100.33%
Depreciation & Amortization $2.530M $2.531M $2.114M
YoY Change -2.09% 19.73% -16.77%
% of Gross Profit 17.65% 68.93%
Operating Expenses $24.00M $21.95M $14.57M
YoY Change 63.87% 50.7% 69.36%
Operating Profit -$9.666M -$28.31M -$11.50M
YoY Change -40.74% 146.21% 71.51%
Interest Expense $57.00K -$1.286M -$58.00K
YoY Change -239.02% 2117.24% 16.0%
% of Operating Profit
Other Income/Expense, Net -$1.286M $3.676M
YoY Change -134.98%
Pretax Income -$9.609M -$29.60M -$7.822M
YoY Change -41.24% 278.36% 15.88%
Income Tax
% Of Pretax Income
Net Earnings -$9.609M -$29.60M -$7.822M
YoY Change -41.24% 278.36% 15.83%
Net Earnings / Revenue -16.12% -80.63% -25.75%
Basic Earnings Per Share -$0.75 -$0.24
Diluted Earnings Per Share -$0.19 -$748.6K -$240.5K
COMMON SHARES
Basic Shares Outstanding 40.91M 40.44M 32.52M
Diluted Shares Outstanding 39.53M 32.52M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $281.3M $102.4M $95.53M
YoY Change 267.45% 7.19% 745.41%
Cash & Equivalents $281.3M $102.4M $95.50M
Short-Term Investments
Other Short-Term Assets $8.462M $6.159M $3.167M
YoY Change 166.69% 94.47% 97.94%
Inventory $22.54M $20.60M $9.712M
Prepaid Expenses
Receivables $57.35M $27.12M $18.72M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $369.7M $156.3M $127.1M
YoY Change 229.63% 22.92% 199.84%
LONG-TERM ASSETS
Property, Plant & Equipment $259.2M $226.4M $46.71M
YoY Change 364.74% 384.81% -2.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.518M $2.704M $1.311M
YoY Change 68.43% 106.25% 1211.0%
Total Long-Term Assets $273.7M $229.1M $60.54M
YoY Change 286.6% 278.5% 16.65%
TOTAL ASSETS
Total Short-Term Assets $369.7M $156.3M $127.1M
Total Long-Term Assets $273.7M $229.1M $60.54M
Total Assets $643.4M $385.4M $187.7M
YoY Change 251.68% 105.37% 99.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.73M $58.32M $9.820M
YoY Change 213.81% 493.92% 16.9%
Accrued Expenses $16.00M $15.28M $9.791M
YoY Change 47.92% 56.04% 139.92%
Deferred Revenue $5.846M $2.356M
YoY Change 342.54%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $78.95M $80.96M $28.27M
YoY Change 115.96% 186.35% 75.6%
LONG-TERM LIABILITIES
Long-Term Debt $103.6M $105.2M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $13.46M $16.83M $434.0K
YoY Change -25.21% 3778.57% -27.67%
Total Long-Term Liabilities $117.0M $122.1M $434.0K
YoY Change 550.53% 28022.35% -88.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.95M $80.96M $28.27M
Total Long-Term Liabilities $117.0M $122.1M $434.0K
Total Liabilities $196.0M $203.0M $45.21M
YoY Change 259.29% 348.99% 35.37%
SHAREHOLDERS EQUITY
Retained Earnings -$627.8M -$618.2M
YoY Change 15.18%
Common Stock $1.075B $800.6M
YoY Change 59.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $447.4M $182.4M $142.5M
YoY Change
Total Liabilities & Shareholders Equity $643.4M $385.4M $187.7M
YoY Change 251.68% 105.37% 99.02%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$9.609M -$29.60M -$7.822M
YoY Change -41.24% 278.36% 15.83%
Depreciation, Depletion And Amortization $2.530M $2.531M $2.114M
YoY Change -2.09% 19.73% -16.77%
Cash From Operating Activities -$24.08M -$37.46M -$6.050M
YoY Change 99.85% 519.09% 292.86%
INVESTING ACTIVITIES
Capital Expenditures $58.63M -$66.99M -$2.254M
YoY Change -866.85% 2872.01% 263.55%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$58.63M -$66.99M -$2.254M
YoY Change 666.85% 2872.01% 263.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 262.9M 44.66M 1.578M
YoY Change 36058.05% 2729.97% 1334.55%
NET CHANGE
Cash From Operating Activities -24.08M -37.46M -6.050M
Cash From Investing Activities -58.63M -66.99M -2.254M
Cash From Financing Activities 262.9M 44.66M 1.578M
Net Change In Cash 180.2M -59.79M -6.726M
YoY Change -1049.88% 788.89% 228.1%
FREE CASH FLOW
Cash From Operating Activities -$24.08M -$37.46M -$6.050M
Capital Expenditures $58.63M -$66.99M -$2.254M
Free Cash Flow -$82.71M $29.53M -$3.796M
YoY Change 1777.97% -878.03% 312.61%

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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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aspn Increase Decrease In Operating Lease Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-70300000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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aspn Proceeds From Issuance Of Convertible Note Related Party
ProceedsFromIssuanceOfConvertibleNoteRelatedParty
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1529000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2340000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2677000
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
50000000
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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aspn Payments Of Fees And Issuance Costs From Private Placement Of Common Stock
PaymentsOfFeesAndIssuanceCostsFromPrivatePlacementOfCommonStock
137000
aspn Payments Of Fees And Issuance Costs From Private Placement Of Common Stock
PaymentsOfFeesAndIssuanceCostsFromPrivatePlacementOfCommonStock
1482000
aspn Contract With Customer Prepayment Liability Repayment
ContractWithCustomerPrepaymentLiabilityRepayment
4728000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
215501000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
91747000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25834000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Interest Paid Net
InterestPaidNet
168000
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10111000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1277000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
40402000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
690000
aspn Number Of Subsidiaries
NumberOfSubsidiaries
3
us-gaap Net Income Loss
NetIncomeLoss
-73100000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
119300000
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5241400
aspn Proceeds From Issuance Of Private Placement Net Of Fees And Issuance Costs
ProceedsFromIssuanceOfPrivatePlacementNetOfFeesAndIssuanceCosts
49900000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102400000
CY2022Q3 aspn Contract With Customer Prepayment Liability Current
ContractWithCustomerPrepaymentLiabilityCurrent
5000000.0
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the consolidated financial statements requires the Company to make a number of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include allowances for doubtful accounts, sales returns and allowances, product warranty costs, inventory valuation, the carrying amount of property and equipment, right-of-use assets, convertible note, lease liabilities, stock-based compensation, and deferred income taxes. The Company evaluates its estimates and assumptions on an on-going basis using historical experience and other factors, including current economic conditions, which are believed to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances warrant. Illiquid credit markets, volatile equity markets and declines in business investment can increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments, which potentially expose the Company to concentrations of credit risk, consist principally of accounts receivable. The Company’s customers are primarily insulation distributors, insulation contractors, insulation fabricators and select energy and automotive end-users located throughout the world. The Company performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral to secure accounts receivable. The Company maintains an allowance for doubtful accounts based on its assessment of the collectability of accounts receivable. The Company reviews the allowance for doubtful accounts quarterly. During the nine months ended September 30, 2022, the Company recorded a reduction for estimated customer uncollectible accounts receivable of less than $0.1 million. During the nine months ended September 30, 2021, the Company recorded a reduction for estimated customer uncollectible accounts receivable of $0.1 million and had collections of $0.2 million of previously reserved customer accounts receivables. </p>
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-100000
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
200000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2590000
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1554000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6713000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3600000
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
0
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36706000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30380000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120753000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90147000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1831000
aspn Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
5312000
aspn Contract With Customer Asset Deductions
ContractWithCustomerAssetDeductions
-5755000
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1388000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11049000
aspn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
4325000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
177458000
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127610000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
210113000
us-gaap Depreciation
Depreciation
6700000
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9216000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8991000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3521000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1828000
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12737000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10819000
aspn Remaining Percentage Of Deferred Tax Balance
RemainingPercentageOfDeferredTaxBalance
0.50
CY2022Q2 aspn Payment In Kind
PaymentInKind
2900000
CY2021Q4 aspn Contract With Customer Prepayment Liability Current
ContractWithCustomerPrepaymentLiabilityCurrent
4728000
CY2021Q4 aspn Contract With Customer Prepayment Liability Noncurrent
ContractWithCustomerPrepaymentLiabilityNoncurrent
5000000
aspn Operating Lease Expiry Year
OperatingLeaseExpiryYear
2034
CY2022Q3 aspn Convertible Debt Principal Amount
ConvertibleDebtPrincipalAmount
100000000
CY2022Q3 aspn Payment In Kind
PaymentInKind
2941000
CY2022Q3 aspn Accrued Interest
AccruedInterest
2440000
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
163000
CY2022Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
105218000
us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
Interest on the 2022 Convertible Note is payable semi-annually in arrears on June 30 and December 30. The Company, at its option, is permitted to settle each semi-annual interest payment in cash, in-kind, or any combination thereof.
CY2022Q2 aspn Payment In Kind
PaymentInKind
2900000
CY2022Q3 aspn Accrued Interest
AccruedInterest
2400000
aspn Purchase Price Of Notes Percentage
PurchasePriceOfNotesPercentage
1
aspn Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
356000
CY2021 aspn Cloud Computing Costs Included In Other Current Assets
CloudComputingCostsIncludedInOtherCurrentAssets
390000
aspn Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
1679000
CY2021 aspn Cloud Computing Costs Included In Other Assets
CloudComputingCostsIncludedInOtherAssets
637000
aspn Amortization Of Cloud Computing Costs
AmortizationOfCloudComputingCosts
149000
aspn Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
1886000
CY2021 aspn Total Capitalized Cloud Computing Costs
TotalCapitalizedCloudComputingCosts
1027000
CY2022Q3 aspn Contract With Customer Prepayment Liability
ContractWithCustomerPrepaymentLiability
5000000
CY2021Q4 aspn Contract With Customer Prepayment Liability
ContractWithCustomerPrepaymentLiability
9728000
CY2022Q3 aspn Contract With Customer Prepayment Liability Current
ContractWithCustomerPrepaymentLiabilityCurrent
5000000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1010000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3578000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2874000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2638000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2245000
CY2022Q3 aspn Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
13941000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26286000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6912000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
19374000
us-gaap Operating Lease Cost
OperatingLeaseCost
2900000
us-gaap Operating Lease Cost
OperatingLeaseCost
1500000
us-gaap Operating Lease Payments
OperatingLeasePayments
2600000
us-gaap Operating Lease Payments
OperatingLeasePayments
1300000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y6M
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2022Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P1Y9M18D
CY2022Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
900000
aspn Employer Payroll Tax Obligation Period
EmployerPayrollTaxObligationPeriod
March 27, 2020 to December 31, 2020
aspn Percentage Of Deferred Tax Balance
PercentageOfDeferredTaxBalance
0.50
aspn Remittance Date Of Deferred Tax Balance
RemittanceDateOfDeferredTaxBalance
2021-12-31
aspn Remittance Date Of Deferred Tax Balance Remaining Percentage
RemittanceDateOfDeferredTaxBalanceRemainingPercentage
2022-12-31
CY2022Q3 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
400000
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
400000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-29595000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-7822000
us-gaap Net Income Loss
NetIncomeLoss
-73129000
us-gaap Net Income Loss
NetIncomeLoss
-20741000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39533695
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32523405
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36047879
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29685936
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.75
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8121862
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8121862
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4519853
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4519853
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36706000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30380000
CY2022Q3 us-gaap Gross Profit
GrossProfit
-6359000
CY2021Q3 us-gaap Gross Profit
GrossProfit
3067000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120753000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90147000
us-gaap Gross Profit
GrossProfit
11603000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
21950000
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
14565000
us-gaap Operating Expenses
OperatingExpenses
60221000
us-gaap Operating Expenses
OperatingExpenses
35890000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-28309000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-11498000
us-gaap Operating Income Loss
OperatingIncomeLoss
-69579000
us-gaap Operating Income Loss
OperatingIncomeLoss
-24287000
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1286000
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3676000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3550000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3546000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-29595000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-7822000
us-gaap Net Income Loss
NetIncomeLoss
-73129000
us-gaap Net Income Loss
NetIncomeLoss
-20741000

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