2022 Q1 Form 10-Q Financial Statement

#000189110122000015 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $65.84M $48.79M
YoY Change 34.94%
Cost Of Revenue $42.62M $29.15M
YoY Change 46.21%
Gross Profit $23.21M $19.64M
YoY Change 18.2%
Gross Profit Margin 35.26% 40.25%
Selling, General & Admin $38.28M
YoY Change
% of Gross Profit 164.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $980.0K $493.0K
YoY Change 98.78%
% of Gross Profit 4.22% 2.51%
Operating Expenses $39.06M $19.17M
YoY Change 103.77%
Operating Profit -$15.84M $471.0K
YoY Change -3463.69%
Interest Expense $490.0K $294.0K
YoY Change 66.67%
% of Operating Profit 62.42%
Other Income/Expense, Net -$240.9M -$286.0K
YoY Change 84115.38%
Pretax Income -$256.7M $185.0K
YoY Change -138856.22%
Income Tax $128.0K $36.00K
% Of Pretax Income 19.46%
Net Earnings -$62.92M $149.0K
YoY Change -42328.86%
Net Earnings / Revenue -95.57% 0.31%
Basic Earnings Per Share -$1.36
Diluted Earnings Per Share -$1.36
COMMON SHARES
Basic Shares Outstanding 44.25M shares
Diluted Shares Outstanding 44.25M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.1M
YoY Change
Cash & Equivalents $110.1M $28.24M
Short-Term Investments
Other Short-Term Assets $11.47M
YoY Change
Inventory $25.86M
Prepaid Expenses
Receivables $13.42M
Other Receivables $0.00
Total Short-Term Assets $160.9M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $41.68M
YoY Change
Goodwill
YoY Change
Intangibles $251.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $795.0K
YoY Change
Total Long-Term Assets $50.99M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $160.9M
Total Long-Term Assets $50.99M
Total Assets $211.8M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.427M
YoY Change
Accrued Expenses $25.39M
YoY Change
Deferred Revenue $7.768M $5.080M
YoY Change 52.91%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $2.867M
YoY Change
Total Short-Term Liabilities $42.98M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $15.78M
YoY Change
Other Long-Term Liabilities $482.0K
YoY Change
Total Long-Term Liabilities $356.8M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $42.98M
Total Long-Term Liabilities $356.8M
Total Liabilities $399.8M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$83.75M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$44.92M
YoY Change
Total Liabilities & Shareholders Equity $211.8M
YoY Change

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$62.92M $149.0K
YoY Change -42328.86%
Depreciation, Depletion And Amortization $980.0K $493.0K
YoY Change 98.78%
Cash From Operating Activities -$32.63M -$5.689M
YoY Change 473.48%
INVESTING ACTIVITIES
Capital Expenditures $4.207M $2.024M
YoY Change 107.86%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.207M -$2.024M
YoY Change 107.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.15M $0.00
YoY Change
Debt Paid & Issued, Net $23.17M $267.0K
YoY Change 8579.4%
Cash From Financing Activities $136.9M $321.0K
YoY Change 42537.07%
NET CHANGE
Cash From Operating Activities -$32.63M -$5.689M
Cash From Investing Activities -$4.207M -$2.024M
Cash From Financing Activities $136.9M $321.0K
Net Change In Cash $100.0M -$7.392M
YoY Change -1453.26%
FREE CASH FLOW
Cash From Operating Activities -$32.63M -$5.689M
Capital Expenditures $4.207M $2.024M
Free Cash Flow -$36.83M -$7.713M
YoY Change 377.53%

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-32625000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5689000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4207000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2024000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4207000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2024000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
338000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5285000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
707000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
23174000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
267000 USD
CY2022Q1 brrc Proceeds From Finance Lease
ProceedsFromFinanceLease
60000 USD
CY2021Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
119000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
127853000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
CY2022Q1 brrc Equity Recapitalization
EquityRecapitalization
337957000 USD
CY2021Q1 brrc Equity Recapitalization
EquityRecapitalization
0 USD
CY2022Q1 brrc Payment For Reverse Recapitalization Costs
PaymentForReverseRecapitalizationCosts
31638000 USD
CY2021Q1 brrc Payment For Reverse Recapitalization Costs
PaymentForReverseRecapitalizationCosts
0 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20145000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2022Q1 brrc Payments For Repurchase Of Incentive Units
PaymentsForRepurchaseOfIncentiveUnits
-3627000 USD
CY2021Q1 brrc Payments For Repurchase Of Incentive Units
PaymentsForRepurchaseOfIncentiveUnits
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136865000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
321000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
100033000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28240000 USD
CY2022Q1 brrc Recognition Of Operating Lease Right Of Use Assets
RecognitionOfOperatingLeaseRightOfUseAssets
7560000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7392000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18334000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35632000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118367000 USD
CY2022Q1 brrc Reverse Recapitalization Recognition Of Contingent Consideration Liability
ReverseRecapitalizationRecognitionOfContingentConsiderationLiability
218679000 USD
CY2021Q1 brrc Reverse Recapitalization Recognition Of Contingent Consideration Liability
ReverseRecapitalizationRecognitionOfContingentConsiderationLiability
0 USD
CY2022Q1 brrc Recognition Of Warrant Liability
RecognitionOfWarrantLiability
36484000 USD
CY2021Q1 brrc Recognition Of Warrant Liability
RecognitionOfWarrantLiability
0 USD
CY2022Q1 brrc Recognition Of Derivative Liability
RecognitionOfDerivativeLiability
9741000 USD
CY2021Q1 brrc Recognition Of Derivative Liability
RecognitionOfDerivativeLiability
0 USD
CY2022Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
26203000 USD
CY2021Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2022Q1 brrc Accrued Series Preferred Equity Distribution And Related Discount Amortization
AccruedSeriesPreferredEquityDistributionAndRelatedDiscountAmortization
5390000 USD
CY2021Q1 brrc Accrued Series Preferred Equity Distribution And Related Discount Amortization
AccruedSeriesPreferredEquityDistributionAndRelatedDiscountAmortization
2612000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1171000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
287000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
218000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
28000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
377000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
178000 USD
CY2022Q1 brrc Reverse Recapitalization Consideration Agreed Upon
ReverseRecapitalizationConsiderationAgreedUpon
1839815000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Use of Estimates</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of unaudited consolidated financial statements in conformity with US GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the unaudited consolidated financial statements and accompanying notes. Such estimates include but are not limited to estimated losses on accounts receivable, inventory reserves, undiscounted future cash flows and the fair value of assets or asset groups for the purpose of assessing impairment of long-lived assets, warrant liabilities, earn-out liabilities, derivative liabilities, liabilities for contingencies, equity-based compensation, estimates for sales returns and related allowance, deferred revenue, and measurement and realization of deferred tax assets. Actual results could differ materially from those estimates.</span></div>
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65836000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48790000 USD
CY2020Q3 brrc Percentage Of Loyalty For Subscription Customers
PercentageOfLoyaltyForSubscriptionCustomers
0.03
CY2020Q3 brrc Percentage Of Loyalty For Non Subscription Customers
PercentageOfLoyaltyForNonSubscriptionCustomers
0.01
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7334000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4615000 USD
CY2022Q1 brrc Sales Of Gift Cards
SalesOfGiftCards
190000 USD
CY2021Q1 brrc Sales Of Gift Cards
SalesOfGiftCards
118000 USD
CY2022Q1 brrc Redemption Of Gift Cards
RedemptionOfGiftCards
193000 USD
CY2021Q1 brrc Redemption Of Gift Cards
RedemptionOfGiftCards
150000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3662000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3259000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3638000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3382000 USD
CY2022Q1 brrc Loyalty Program Points Earned
LoyaltyProgramPointsEarned
620000 USD
CY2021Q1 brrc Loyalty Program Points Earned
LoyaltyProgramPointsEarned
709000 USD
CY2022Q1 brrc Loyalty Program Points Redeemed
LoyaltyProgramPointsRedeemed
207000 USD
CY2021Q1 brrc Loyalty Program Points Redeemed
LoyaltyProgramPointsRedeemed
89000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7768000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5080000 USD
CY2022Q1 brrc Maximum Settlement Terms Of Credit Card Transactions Included In Cash And Cash Equivalents
MaximumSettlementTermsOfCreditCardTransactionsIncludedInCashAndCashEquivalents
P5D
CY2022Q1 us-gaap Cash
Cash
109119000 USD
CY2021Q4 us-gaap Cash
Cash
17329000 USD
CY2022Q1 us-gaap Credit And Debit Card Receivables At Carrying Value
CreditAndDebitCardReceivablesAtCarryingValue
983000 USD
CY2021Q4 us-gaap Credit And Debit Card Receivables At Carrying Value
CreditAndDebitCardReceivablesAtCarryingValue
1005000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
8265000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118367000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18334000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
112000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
112000 USD
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2021Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2022Q1 brrc Tax Savings Payable Percent
TaxSavingsPayablePercent
0.85
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Concentrations of Credit Risk</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company’s assets that are potentially subject to concentrations of credit risk are cash and accounts receivable. The accounts receivable of the Company are spread over a number of customers, of which three customers accounted for 28% of total outstanding receivables as of March 31, 2022 and one customer accounted for 19% of total outstanding receivables as of December 31, 2021. The Company performs ongoing credit evaluations as to the financial condition of its customers and creditors with respect to trade accounts.</span></div>
CY2022Q1 brrc Prepaid Marketing And Advertising Expenses
PrepaidMarketingAndAdvertisingExpenses
3089000 USD
CY2021Q4 brrc Prepaid Marketing And Advertising Expenses
PrepaidMarketingAndAdvertisingExpenses
1941000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2894000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2578000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7162000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6681000 USD
CY2022Q1 brrc Inventory Ready To Drink
InventoryReadyToDrink
5960000 USD
CY2021Q4 brrc Inventory Ready To Drink
InventoryReadyToDrink
3727000 USD
CY2022Q1 brrc Inventory Apparel And Other Merchandise
InventoryApparelAndOtherMerchandise
9841000 USD
CY2021Q4 brrc Inventory Apparel And Other Merchandise
InventoryApparelAndOtherMerchandise
7886000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
25857000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
20872000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
40716000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36520000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
6375000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5406000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
34341000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31114000 USD
CY2022Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
206000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
150000 USD
CY2022Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
774000 USD
CY2021Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
343000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
980000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
493000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3708000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2799000 USD
CY2022Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3785000 USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3323000 USD
CY2022Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 USD
CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
2650000 USD
CY2022Q1 brrc Accrued Freight Current
AccruedFreightCurrent
416000 USD
CY2021Q4 brrc Accrued Freight Current
AccruedFreightCurrent
1912000 USD
CY2022Q1 brrc Accrued Sales Tax Current
AccruedSalesTaxCurrent
1184000 USD
CY2021Q4 brrc Accrued Sales Tax Current
AccruedSalesTaxCurrent
1364000 USD
CY2022Q1 brrc Accrued Inventory Purchases
AccruedInventoryPurchases
8221000 USD
CY2021Q4 brrc Accrued Inventory Purchases
AccruedInventoryPurchases
1492000 USD
CY2022Q1 brrc Credit Card Liabilities Current
CreditCardLiabilitiesCurrent
2597000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18840000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25387000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
22233000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
35130000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
196000 USD
CY2021Q4 brrc Credit Card Liabilities Current
CreditCardLiabilitiesCurrent
4759000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5476000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3934000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
439000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
18644000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
34691000 USD
CY2022Q1 brrc Long Term Debt Current Maturities Of Principal
LongTermDebtCurrentMaturitiesOfPrincipal
2938000 USD
CY2021Q4 brrc Long Term Debt Current Maturities Of Principal
LongTermDebtCurrentMaturitiesOfPrincipal
12273000 USD
CY2022Q1 brrc Long Term Debt Current Portion Of Debt Issuance Costs
LongTermDebtCurrentPortionOfDebtIssuanceCosts
71000 USD
CY2021Q4 brrc Long Term Debt Current Portion Of Debt Issuance Costs
LongTermDebtCurrentPortionOfDebtIssuanceCosts
294000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2867000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11979000 USD
CY2022Q1 brrc Long Term Debt Noncurrent Principal
LongTermDebtNoncurrentPrincipal
15902000 USD
CY2021Q4 brrc Long Term Debt Noncurrent Principal
LongTermDebtNoncurrentPrincipal
22857000 USD
CY2022Q1 brrc Long Term Debt Noncurrent Portion Of Debt Issuance Costs
LongTermDebtNoncurrentPortionOfDebtIssuanceCosts
125000 USD
CY2021Q4 brrc Long Term Debt Noncurrent Portion Of Debt Issuance Costs
LongTermDebtNoncurrentPortionOfDebtIssuanceCosts
145000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
15777000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
22712000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1950000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2809000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2637000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6725000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3059000 USD
CY2022Q1 brrc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1660000 USD
CY2022Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
243000 USD
CY2021Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
42000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18840000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
364000 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
12000 USD
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2022Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
18590000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
376000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
263000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0464
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1850000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4398000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4574000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4527000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4550000 USD
CY2022Q1 brrc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
44488000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
64387000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16932000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
47455000 USD
CY2022Q1 brrc Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
55129000 USD
CY2021Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
228000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2966000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
106000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3233000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
95000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3358000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
4000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
16261000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3381000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
102000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3323000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
50000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
357000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
44000 USD
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
313000 USD
CY2021Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
85000 USD
CY2021Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
228000 USD
CY2022Q1 brrc Reverse Recapitalization Contingent Consideration Liability Shares
ReverseRecapitalizationContingentConsiderationLiabilityShares
21241250 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2022Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
36484000 USD
CY2022Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
62109000 USD
CY2022Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
98593000 USD
CY2022Q1 brrc Temporary Equity Volume Weighted Average Price Number Of Days
TemporaryEquityVolumeWeightedAveragePriceNumberOfDays
30 D
CY2022Q1 brrc Common Stock And Preferred Stock Shares Authorized
CommonStockAndPreferredStockSharesAuthorized
2802500000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q1 brrc Temporary Equity Maximum Amount Of Equity Value At The Time Of Optional Redemption
TemporaryEquityMaximumAmountOfEquityValueAtTheTimeOfOptionalRedemption
1250000000 USD
CY2022Q1 brrc Temporary Equity Volume Weighted Average Price Number Of Days Following Closing Date
TemporaryEquityVolumeWeightedAveragePriceNumberOfDaysFollowingClosingDate
30 D
CY2022Q1 brrc Temporary Equity Volume Weighted Average Price Number Of Days
TemporaryEquityVolumeWeightedAveragePriceNumberOfDays
30 D
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
17248000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
200000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
548235 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.00
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-254136000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-193906000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-60230000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-60230000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44254837 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.36
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
179535456 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.36

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