2022 Q3 Form 10-Q Financial Statement

#000143774922020587 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $62.74M $55.70M $50.29M
YoY Change 16.34% 22.84% 29.62%
Cost Of Revenue $16.83M $15.43M $14.63M
YoY Change 10.55% 31.63% 35.74%
Gross Profit $45.91M $40.27M $35.66M
YoY Change 18.62% 19.78% 27.26%
Gross Profit Margin 73.18% 72.3% 70.91%
Selling, General & Admin $43.57M $43.50M $42.60M
YoY Change -8.12% 6.96% 43.94%
% of Gross Profit 94.89% 108.0% 119.45%
Research & Development $8.953M $7.892M $6.402M
YoY Change -54.43% 103.24% 56.07%
% of Gross Profit 19.5% 19.6% 17.95%
Depreciation & Amortization $922.0K -$329.0K $1.662M
YoY Change 207.33% -217.92% 544.19%
% of Gross Profit 2.01% -0.82% 4.66%
Operating Expenses $53.34M $52.02M $49.51M
YoY Change -20.85% 16.04% 45.82%
Operating Profit -$7.427M -$11.74M -$13.85M
YoY Change -74.11% 4.82% 133.49%
Interest Expense $16.00K $20.00K $14.00K
YoY Change -71.43% 81.82% 7.69%
% of Operating Profit
Other Income/Expense, Net $48.00K -$693.0K -$177.0K
YoY Change -116.05% -1217.74% 180.95%
Pretax Income -$6.450M -$9.748M -$10.74M
YoY Change -57.78% -12.42% 79.64%
Income Tax $336.0K -$546.0K $309.0K
% Of Pretax Income
Net Earnings -$7.412M -$9.829M -$11.67M
YoY Change -27.86% -14.94% 118.58%
Net Earnings / Revenue -11.81% -17.65% -23.2%
Basic Earnings Per Share -$0.04 -$0.05 -$0.06
Diluted Earnings Per Share -$41.01K -$53.86K -$0.06
COMMON SHARES
Basic Shares Outstanding 185.4M 182.5M 182.8M
Diluted Shares Outstanding 180.7M 182.5M 182.8M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.8M $246.6M $260.1M
YoY Change -16.21% 264.02% 295.1%
Cash & Equivalents $217.8M $65.06M $78.76M
Short-Term Investments $2.003M $181.5M $181.3M
Other Short-Term Assets $9.370M $6.248M $7.575M
YoY Change -28.4% 44.66% 181.18%
Inventory
Prepaid Expenses
Receivables $56.78M $51.44M $48.04M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $285.9M $304.3M $315.7M
YoY Change -13.26% 160.49% 187.27%
LONG-TERM ASSETS
Property, Plant & Equipment $5.610M $5.179M $4.457M
YoY Change 72.51% 70.42% 68.13%
Goodwill $18.19M $4.744M $4.875M
YoY Change
Intangibles $11.26M $5.156M
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.58M $10.00M $10.35M
YoY Change 146.61% -76.98% -74.69%
Total Long-Term Assets $108.9M $83.63M $75.80M
YoY Change 115.52% 50.68% 52.1%
TOTAL ASSETS
Total Short-Term Assets $285.9M $304.3M $315.7M
Total Long-Term Assets $108.9M $83.63M $75.80M
Total Assets $394.8M $387.9M $391.5M
YoY Change 3.86% 125.12% 145.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.017M $2.100M $1.795M
YoY Change -10.95% 303.85% 14.48%
Accrued Expenses $39.13M $32.73M $27.28M
YoY Change 52.88% 52.22% 58.62%
Deferred Revenue $78.03M $73.80M $76.08M
YoY Change 9.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.2M $108.6M $105.1M
YoY Change 20.03% 18.57% 24.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.730M $4.261M $4.400M
YoY Change 45.17% -93.06% -92.2%
Total Long-Term Liabilities $5.730M $4.261M $4.400M
YoY Change 45.17% -93.06% -92.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.2M $108.6M $105.1M
Total Long-Term Liabilities $5.730M $4.261M $4.400M
Total Liabilities $149.4M $138.5M $140.4M
YoY Change 16.72% -11.87% -2.67%
SHAREHOLDERS EQUITY
Retained Earnings -$404.2M -$396.8M -$387.0M
YoY Change 10.06%
Common Stock $19.00K $18.00K $18.00K
YoY Change 5.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.29M $11.79M $2.482M
YoY Change 1124.44%
Treasury Stock Shares
Shareholders Equity $232.7M $237.3M $245.2M
YoY Change
Total Liabilities & Shareholders Equity $394.8M $387.9M $391.5M
YoY Change 3.86% 125.12% 145.09%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$7.412M -$9.829M -$11.67M
YoY Change -27.86% -14.94% 118.58%
Depreciation, Depletion And Amortization $922.0K -$329.0K $1.662M
YoY Change 207.33% -217.92% 544.19%
Cash From Operating Activities -$297.0K -$473.0K -$6.123M
YoY Change -85.47% -120.18% 43.56%
INVESTING ACTIVITIES
Capital Expenditures $1.186M $2.234M $969.0K
YoY Change 115.64% 254.6% 264.29%
Acquisitions $1.473M
YoY Change
Other Investing Activities $161.8M -$3.107M -$181.5M
YoY Change 18536.06% 28.55% 33883.33%
Cash From Investing Activities $161.8M -$3.107M -$181.5M
YoY Change 18536.06% 28.55% 33883.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $744.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.426M -8.621M $287.0K
YoY Change -104.82% -664.57% -53.48%
NET CHANGE
Cash From Operating Activities -297.0K -473.0K -$6.123M
Cash From Investing Activities 161.8M -3.107M -$181.5M
Cash From Financing Activities -9.426M -8.621M $287.0K
Net Change In Cash 152.0M -12.20M -$189.5M
YoY Change -21.75% -939.13% 4066.55%
FREE CASH FLOW
Cash From Operating Activities -$297.0K -$473.0K -$6.123M
Capital Expenditures $1.186M $2.234M $969.0K
Free Cash Flow -$1.483M -$2.707M -$7.092M
YoY Change -42.83% -257.93% 56.52%

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us-gaap Comprehensive Income Net Of Tax
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avpt Issuance Of Redeemable Noncontrolling Interest Stockholders Equity Impact
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CY2021Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Payments To Acquire Property Plant And Equipment
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avpt Reclassifications Of Earn Out Rs Us To Earn Out Shares
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CY2022Q2 us-gaap Stockholders Equity
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StockholdersEquity
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avpt Reclassification Of Shared Based Awards To Temporary Equity
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avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
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avpt Issuance Of Redeemable Noncontrolling Interest Stockholders Equity Impact
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us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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avpt Foreign Currency Remeasurement Gain Loss
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avpt Foreign Currency Remeasurement Gain Loss
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
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avpt Gain Loss On Change In Contingent Liability And Warrants Excluding General And Administrative Expense
GainLossOnChangeInContingentLiabilityAndWarrantsExcludingGeneralAndAdministrativeExpense
5840000 usd
avpt Gain Loss On Change In Contingent Liability And Warrants Excluding General And Administrative Expense
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avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
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avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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1955000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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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 Investments
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments For Software
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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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avpt Proceeds From Recapitalization Issuance Costs
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avpt Proceeds From Recapitalization Issuance Costs
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CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2434000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Finance Lease Principal Payments
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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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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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q2 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 Interest Paid Net
InterestPaidNet
2389000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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5635000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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us-gaap Nature Of Operations
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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><em style="font: inherit;">1.</em> Nature of Business and Organization </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;">On <em style="font: inherit;"> July 1, 2021, </em>pursuant to the terms of an Apex Business Combination Agreement between, <i>inter alia</i>, Apex Technology Acquisition Corporation (“<b><i>Apex</i></b>”), a blank check company incorporated in Delaware on <em style="font: inherit;"> April 5, 2019, </em>and AvePoint, Inc. (“<b><i>Legacy AvePoint</i></b>”), a New Jersey corporation incorporated on <em style="font: inherit;"> July </em><em style="font: inherit;">24,</em> <em style="font: inherit;">2001</em> which was redomiciled as a Delaware corporation in <em style="font: inherit;">2006</em> and which was renamed "AvePoint Operations, Inc." in <em style="font: inherit;"> June </em><em style="font: inherit;">2021,</em> Legacy AvePoint became a wholly owned subsidiary of Apex. In connection therewith, Legacy AvePoint was renamed “AvePoint US LLC” and Apex was renamed “AvePoint, Inc.” On <em style="font: inherit;"> July 26, 2021, </em>AvePoint US LLC merged with and into AvePoint, Inc. with AvePoint, Inc. (hereinafter referred to as “<b><i>AvePoint</i></b>,” the “<b><i>Company</i></b>,” “<b><i>we</i></b>,” “<b><i>us</i></b>,” or “<b><i>our</i></b>”) surviving. See “<i>Note <em style="font: inherit;">3</em> - Business Combination</i>” (Part I, Item <em style="font: inherit;">1</em> of this Quarterly Report on Form <em style="font: inherit;">10</em>-Q) for additional information.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">We are a leading provider of enterprise collaboration and productivity software solutions. We develop, market, and sell our suite of software solutions and services, primarily in North America, Europe, Australia, and Asia. We provide our customers with high-performance infrastructure management, compliance, data governance, mobility and productivity, online services and software solutions consulting. We do this through our Confidence Platform, a software as a service (<i>“</i><i><b>SaaS</b></i>”) platform that assists organizations who use the latest cloud services like Microsoft <em style="font: inherit;">365,</em> Google, Salesforce, and more than a half dozen other additional cloud collaboration utilities. Our Confidence Platform, built on AvePoint Online Services, contains our suites of software solutions: our Control Suite for data governance enabling collaboration services at scale, with automation and repeatable business templates; our Fidelity Suite for the preservation of data integrity as organizations undergo digital transformation projects to streamline the way they work from <em style="font: inherit;">one</em> collaboration system to the next; and our Resilience Suite to help organizations comply with data governance regulations, preserve business records for compliance, and ensure business continuity.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">Our principal executive headquarters are located in Jersey City, New Jersey, with our operating headquarters in Richmond, Virginia and additional offices in North America, Europe, Asia, Australia and the Middle East.</p>
CY2021 avpt Deferred Revenue Increase Decrease
DeferredRevenueIncreaseDecrease
7644000 usd
CY2021 avpt Increase Decrease In Capitalized Contract Costs Net
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><i><span style="text-decoration: underline; ">Comparative Data</span></i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;">Certain amounts from prior periods which have been presented separately have been grouped to conform to the current period presentation, including:</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> </td><td style="width: 18pt;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="width: auto;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of long-term unbilled receivables to be included in other assets on the condensed consolidated balance sheets as of <em style="font: inherit;"> December 31, 2021; </em>and</p> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> </td><td style="width: 18pt;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="width: auto;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of accrued rent obligation to be included in accounts payable, accrued expenses and other liabilities on the condensed consolidated statements of cash flows for the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2021.</em></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
61335000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
18671000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38926000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5000000.0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="text-decoration: underline; "><i><b>Use of Estimates </b></i></span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. We base our estimates and assumptions on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The amounts of assets and liabilities reported in our condensed consolidated balance sheets and the amounts of revenue and expenses reported for each of its periods presented are affected by estimates and assumptions, which are used for, but <em style="font: inherit;">not</em> limited to, the accounting for revenue recognition, allowance for doubtful accounts, deferred contract costs, valuation of goodwill and other intangible assets, income taxes and related reserves, stock-based compensation, purchase price in a business combination, and earn-out liabilities. Actual results and outcomes <em style="font: inherit;"> may </em>differ from management’s estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the outbreak of COVID-<em style="font: inherit;">19.</em></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 15pt;text-indent:36pt;"> </p>
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-900000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1100000 usd
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-100000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-200000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
31943000 usd
CY2022Q2 us-gaap Cash
Cash
7900000 usd
CY2021Q4 us-gaap Cash
Cash
9300000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
61335000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3200000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
6200000 usd
CY2021Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2400000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4600000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
40500000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38900000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1500000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82332000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
3000000.0 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38926000 usd
us-gaap Profit Loss
ProfitLoss
-15999000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55701000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45344000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
105992000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
84144000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
80900000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82300000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
51600000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
43300000 usd
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
53749000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
74688000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
56218000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
80946000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
40474000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5117000 usd
avpt Deferred Revenue Increase Decrease
DeferredRevenueIncreaseDecrease
-1386000 usd
avpt Increase Decrease In Capitalized Contract Costs Net
IncreaseDecreaseInCapitalizedContractCostsNet
1548000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.66 pure
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.76 pure
CY2022Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
627000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
499000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
620000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1244000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
896000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1026000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
0 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4862000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-118000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
4744000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
912000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
555000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
331000 usd
CY2022Q2 avpt Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
1712000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5156000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-9829000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-11556000 usd
us-gaap Net Income Loss
NetIncomeLoss
-21499000 usd
us-gaap Net Income Loss
NetIncomeLoss
-16895000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5544000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
388000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5156000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
0 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-0 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y1M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046 pure
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1320000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
838000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
51441000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
55067000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1152000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2506000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2022Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-0 usd
CY2021Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
24742000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.056 pure
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.012 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.065 pure
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1498000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2649000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
535000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1349000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
37000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
69000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
2070000 usd
us-gaap Lease Cost
LeaseCost
4067000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5700000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2808000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5995000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4076000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2844000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2133000 usd
CY2022Q2 avpt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3249000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21105000 usd
CY2021 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
10470000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-0 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
33536000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9829000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36298000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21499000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-50431000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5680000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3808000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2428000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1840000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1438000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2960000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
18154000 usd
CY2021Q3 avpt Number Of Shares Exchangeable At1250
NumberOfSharesExchangeableAt1250
1000000
CY2021Q3 avpt Number Of Shares Exchangeable At1500
NumberOfSharesExchangeableAt1500
1000000
CY2021Q3 avpt Number Of Shares Exchangeable At1750
NumberOfSharesExchangeableAt1750
1000000
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
29600000 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4800000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
10000000.0 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2600000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
5800000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
181330816
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
181821767
CY2021Q3 avpt Business Combination Share Exchange Ratio
BusinessCombinationShareExchangeRatio
8.69144 pure
CY2021Q3 avpt Number Of Shares Subject To Vesting Provision
NumberOfSharesSubjectToVestingProvision
2916700
avpt Number Of Shares Subject To Vesting Provision
NumberOfSharesSubjectToVestingProvision
0
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
7500000 usd
CY2021Q1 avpt Redeemable Noncontrolling Interest Increase From Contribution By Noncontrolling Interest
RedeemableNoncontrollingInterestIncreaseFromContributionByNoncontrollingInterest
800000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182491000
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
5049000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55701000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45344000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
105992000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
84144000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
204128000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
34200000 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
42700000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29977130
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16347485
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
40800000 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
35500000 usd
CY2022Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
442469
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1156279
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2000000.0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4700000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-9202000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-11057000 usd
us-gaap Profit Loss
ProfitLoss
-20255000 usd
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101968000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182661000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101368000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182491000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101968000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182661000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101368000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
60203000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
72635000

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