2021 Q2 Form 10-Q Financial Statement

#000155837021010985 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $16.51M $11.79M $8.670M
YoY Change 40.04%
Cost Of Revenue $8.293M $11.63M $9.506M
YoY Change -28.67%
Gross Profit $8.220M $165.0K -$836.0K
YoY Change 4881.82%
Gross Profit Margin 49.78% 1.4% -9.64%
Selling, General & Admin $27.82M $11.30M $11.16M
YoY Change 146.27%
% of Gross Profit 338.43% 6846.06%
Research & Development $17.09M $11.94M $12.52M
YoY Change 43.12%
% of Gross Profit 207.88% 7236.36%
Depreciation & Amortization $455.0K $285.0K
YoY Change
% of Gross Profit 5.54%
Operating Expenses $44.91M $23.24M $23.67M
YoY Change 93.26%
Operating Profit -$36.69M -$23.07M -$24.51M
YoY Change 59.02%
Interest Expense $7.000K $113.0K $5.000K
YoY Change -93.81%
% of Operating Profit
Other Income/Expense, Net -$262.0K -$70.00K -$29.00K
YoY Change 274.29%
Pretax Income -$2.891M -$23.23M -$24.34M
YoY Change -87.56%
Income Tax $51.00K $10.00K $10.00K
% Of Pretax Income
Net Earnings -$2.942M -$23.24M -$24.35M
YoY Change -87.34%
Net Earnings / Revenue -17.82% -197.09% -280.9%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.02 -$1.227K $0.00
COMMON SHARES
Basic Shares Outstanding 192.2M 6.034M 5.979M
Diluted Shares Outstanding 192.2M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $509.5M $900.0K $0.00
YoY Change 56510.56%
Cash & Equivalents $19.61M $73.43M $70.01M
Short-Term Investments $489.9M
Other Short-Term Assets $26.41M $300.0K
YoY Change 8703.0%
Inventory $46.95M
Prepaid Expenses
Receivables $7.809M
Other Receivables $0.00
Total Short-Term Assets $590.7M $1.250M $0.00
YoY Change 47168.46%
LONG-TERM ASSETS
Property, Plant & Equipment $7.436M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.883M $414.1M
YoY Change -99.55%
Other Assets $6.802M $300.0K
YoY Change
Total Long-Term Assets $40.60M $414.1M $300.0K
YoY Change -90.19%
TOTAL ASSETS
Total Short-Term Assets $590.7M $1.250M $0.00
Total Long-Term Assets $40.60M $414.1M $300.0K
Total Assets $631.3M $415.3M $300.0K
YoY Change 52.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.264M
YoY Change
Accrued Expenses $41.05M $67.67K $200.0K
YoY Change 60567.68%
Deferred Revenue $10.89M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $58.38M $14.60M $300.0K
YoY Change 299.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.282M
YoY Change
Total Long-Term Liabilities $2.282M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $58.38M $14.60M $300.0K
Total Long-Term Liabilities $2.282M $0.00 $0.00
Total Liabilities $184.9M $14.56M $300.0K
YoY Change 1170.2%
SHAREHOLDERS EQUITY
Retained Earnings -$398.4M -$64.10K
YoY Change 621497.84%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $446.4M -$254.3M -$233.8M
YoY Change
Total Liabilities & Shareholders Equity $631.3M $415.3M $300.0K
YoY Change 52.0%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income -$2.942M -$23.24M -$24.35M
YoY Change -87.34%
Depreciation, Depletion And Amortization $455.0K $285.0K
YoY Change
Cash From Operating Activities -$36.50M -$390.0K -$19.67M
YoY Change 9258.72%
INVESTING ACTIVITIES
Capital Expenditures -$539.0K $480.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $36.40M -$414.0M
YoY Change -108.79%
Cash From Investing Activities $35.86M -$414.0M -$480.0K
YoY Change -108.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.401M 415.3M 154.0K
YoY Change -98.7%
NET CHANGE
Cash From Operating Activities -36.50M -390.0K -19.67M
Cash From Investing Activities 35.86M -414.0M -480.0K
Cash From Financing Activities 5.401M 415.3M 154.0K
Net Change In Cash 4.759M 910.0K -20.00M
YoY Change 422.97%
FREE CASH FLOW
Cash From Operating Activities -$36.50M -$390.0K -$19.67M
Capital Expenditures -$539.0K $480.0K
Free Cash Flow -$35.96M -$20.15M
YoY Change

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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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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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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73428000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
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CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23605000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and cash equivalents, marketable securities and accounts receivable. At June 30, 2021, substantially all of the Company’s marketable securities were invested in mutual funds with one financial institution. At December 31, 2020, substantially all of the Company’s cash and cash equivalents were invested in money market accounts at one financial institution. The Company also maintains balances in various operating accounts above federally insured limits. The Company has not experienced significant losses on such accounts and does not believe it is exposed to any significant credit risk on cash and cash equivalents and marketable securities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">As of June 30, 2021 and December 31, 2020, no customer accounts for more than 10% of the Company’s accounts receivable. For the three and six months ended June 30, 2021 and 2020, no customer accounts for more than 10% of the total revenues.</p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 10pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">The Company makes estimates and assumptions about future events that affect the amounts reported in its condensed consolidated financial statements and accompanying notes. Future events and their effects cannot be determined with certainty. On an ongoing basis, management evaluates these estimates, judgments and assumptions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 10pt 0pt;">The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates, and any such differences may be material to the Company’s condensed consolidated financial statements. Except with respect to estimates related to the warrant liabilities, there have been no material changes to the Company’s use of estimates as described in the audited consolidated financial statements as of December 31, 2020.</p>
CY2021Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
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us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2021Q1 bfly Merger Agreement Right To Receive Shares At Effective Time Upon Conversion
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CY2021Q1 bfly Business Combination Increase In Cash
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CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2021Q1 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
30900000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
186500000
CY2021Q1 bfly Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Warrant Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWarrantLiability
187300000
CY2021Q1 bfly Business Combination Additional Proceeds
BusinessCombinationAdditionalProceeds
600000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16513000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11792000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28958000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20462000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11792000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28958000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20462000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7809000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5752000
CY2021Q2 us-gaap Contract With Customer Liability Current
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10894000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8443000
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
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4840000
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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bfly Duration For Payment Terms
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P30D
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
400000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
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3600000
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
900000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5600000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1900000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
20600000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.64
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
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0.36
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1524000
CY2020Q4 bfly Number Of Series Of Convertible Preferred Stock
NumberOfSeriesOfConvertiblePreferredStock
4
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
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CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
32020000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
776000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
865000
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14151000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17252000
CY2021Q2 us-gaap Inventory Net
InventoryNet
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CY2020Q4 us-gaap Inventory Net
InventoryNet
25805000
CY2020Q2 us-gaap Inventory Write Down
InventoryWriteDown
700000
us-gaap Inventory Write Down
InventoryWriteDown
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CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11754000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10268000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4318000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3398000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7436000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2021Q2 us-gaap Security Deposit
SecurityDeposit
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CY2020Q4 us-gaap Security Deposit
SecurityDeposit
1888000
CY2021Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4000000
CY2020Q4 us-gaap Deferred Costs
DeferredCosts
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CY2021Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
919000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6802000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2021Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
167000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8177000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5968000
CY2021Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
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CY2020Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
1177000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
370000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
646000
CY2021Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
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3560000
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
3695000
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3293000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
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CY2020Q4 bfly Vendor Settlements
VendorSettlements
2975000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2762000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2069000
CY2021Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
19327000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
21962000
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1186000
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1099000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1826000
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
876000
CY2020Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
788000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
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us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
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CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
192000
CY2020Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
363000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
440000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
864000
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1161000
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1524000
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1000000.0
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2662000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28035000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5345000
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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2942000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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192180141
CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
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CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6034191
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3632000
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149286700
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
149286700
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
47595000
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6006711
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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6006711
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41343105
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
133935332
CY2020 us-gaap Proceeds From Convertible Debt
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50000000.0
CY2020 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
49900000
us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
0.0
CY2020Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
100000
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-33500000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-87600000
CY2021Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
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CY2020Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
500000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1100000
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
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CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2453000
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3832000
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4528000
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4672000
CY2021Q2 bfly Operating Lease Future Minimum Payments Due Year Four And After Year Four
OperatingLeaseFutureMinimumPaymentsDueYearFourAndAfterYearFour
27081000
CY2021Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
43163000

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