2023 Q1 Form 10-K Financial Statement

#000166607123000032 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $64.33M $82.50M $298.5M
YoY Change -5.3% -8.38% 11.76%
Cost Of Revenue $33.38M $38.60M $151.6M
YoY Change -2.59% -16.92% 10.33%
Gross Profit $30.95M $43.91M $147.0M
YoY Change -8.05% 0.73% 13.29%
Gross Profit Margin 48.11% 53.22% 49.22%
Selling, General & Admin $27.02M $39.77M $156.2M
YoY Change -29.04% -5.33% 18.13%
% of Gross Profit 87.3% 90.58% 106.29%
Research & Development $11.56M $12.30M $54.44M
YoY Change -5.91% 6.86% 42.86%
% of Gross Profit 37.37% 28.02% 37.04%
Depreciation & Amortization $6.575M $6.849M $37.54M
YoY Change -33.39% -28.64% 25.69%
% of Gross Profit 21.25% 15.6% 25.55%
Operating Expenses $38.58M $48.81M $210.6M
YoY Change -23.39% -14.0% 23.66%
Operating Profit $12.23M -$4.901M -$457.8M
YoY Change -65.71% -62.77% 273.39%
Interest Expense $1.381M $4.356M -$8.932M
YoY Change -152.75% -232.4% -35.42%
% of Operating Profit 11.29%
Other Income/Expense, Net $1.381M -$8.932M
YoY Change -152.75% -35.42%
Pretax Income $13.61M -$378.3M -$466.7M
YoY Change -58.81% 1820.3% 242.09%
Income Tax $0.00 $0.00 -$1.446M
% Of Pretax Income 0.0%
Net Earnings $13.61M -$378.3M -$465.3M
YoY Change -58.81% 3096.27% 261.89%
Net Earnings / Revenue 21.15% -458.5% -155.85%
Basic Earnings Per Share $0.41 -$13.92
Diluted Earnings Per Share $0.40 -$11.36 -$13.92
COMMON SHARES
Basic Shares Outstanding 33.61M shares 33.17M shares 33.42M shares
Diluted Shares Outstanding 36.73M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $139.2M $121.9M $121.9M
YoY Change -33.17% -47.78% -47.78%
Cash & Equivalents $139.2M $121.9M $121.9M
Short-Term Investments
Other Short-Term Assets $8.343M $8.058M $8.058M
YoY Change -6.27% -0.22% -0.22%
Inventory
Prepaid Expenses
Receivables $93.71M $115.6M $115.6M
Other Receivables $5.143M $4.470M $4.470M
Total Short-Term Assets $246.4M $250.0M $250.0M
YoY Change -22.87% -30.3% -30.3%
LONG-TERM ASSETS
Property, Plant & Equipment $4.755M $5.916M $12.49M
YoY Change -52.01% -47.52% -41.84%
Goodwill $352.7M $352.7M
YoY Change -52.82% -52.5%
Intangibles $50.01M $53.48M
YoY Change -61.01% -57.41%
Long-Term Investments
YoY Change
Other Assets $2.621M $2.586M $2.586M
YoY Change -0.64% 7.48% 7.48%
Total Long-Term Assets $438.2M $441.2M $441.2M
YoY Change -51.94% -51.25% -51.25%
TOTAL ASSETS
Total Short-Term Assets $246.4M $250.0M $250.0M
Total Long-Term Assets $438.2M $441.2M $441.2M
Total Assets $684.6M $691.2M $691.2M
YoY Change -44.4% -45.3% -45.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.073M $3.765M $3.765M
YoY Change -46.0% -18.49% -18.49%
Accrued Expenses $21.99M $21.34M $36.69M
YoY Change 50.3% 8.74% -2.79%
Deferred Revenue $2.769M $1.751M
YoY Change -11.31% -46.62%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $38.00K $38.00K
YoY Change 5.56% 5.56%
Total Short-Term Liabilities $190.8M $248.9M $248.9M
YoY Change -22.67% -23.95% -23.95%
LONG-TERM LIABILITIES
Long-Term Debt $256.4M $226.1M $226.1M
YoY Change 13.97% 22.55% 22.55%
Other Long-Term Liabilities $5.026M $0.00 $4.637M
YoY Change 24.5% -100.0% -92.44%
Total Long-Term Liabilities $261.4M $0.00 $230.7M
YoY Change 6375.92% -100.0% -6.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $190.8M $248.9M $248.9M
Total Long-Term Liabilities $261.4M $0.00 $230.7M
Total Liabilities $452.3M $479.6M $479.6M
YoY Change -12.94% -16.31% -16.31%
SHAREHOLDERS EQUITY
Retained Earnings -$963.0M -$976.6M
YoY Change 101.34% 86.86%
Common Stock $1.191B $1.183B
YoY Change 0.24% -2.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $232.3M $211.6M $211.6M
YoY Change
Total Liabilities & Shareholders Equity $684.6M $691.2M $691.2M
YoY Change -44.4% -45.3% -45.3%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $13.61M -$378.3M -$465.3M
YoY Change -58.81% 3096.27% 261.89%
Depreciation, Depletion And Amortization $6.575M $6.849M $37.54M
YoY Change -33.39% -28.64% 25.69%
Cash From Operating Activities -$10.06M -$13.10M -$53.90M
YoY Change -48.89% 2260.54% 39.93%
INVESTING ACTIVITIES
Capital Expenditures $360.0K $3.153M $1.171M
YoY Change -9.32% -192.36% -62.32%
Acquisitions $0.00 $2.274M
YoY Change -100.0% -99.54%
Other Investing Activities $0.00 $0.00 -$2.274M
YoY Change -100.0% -99.54%
Cash From Investing Activities -$2.802M -$3.153M -$15.76M
YoY Change -44.34% -7.64% -96.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.62M
YoY Change -91.85%
Debt Paid & Issued, Net $4.000K $35.00K
YoY Change -69.23%
Cash From Financing Activities $29.98M -179.0K -$39.99M
YoY Change 16373.08% -179.56% -108.23%
NET CHANGE
Cash From Operating Activities -$10.06M -13.10M -$53.90M
Cash From Investing Activities -$2.802M -3.153M -$15.76M
Cash From Financing Activities $29.98M -179.0K -$39.99M
Net Change In Cash $17.29M -16.43M -$111.6M
YoY Change -168.68% 338.92% 86.62%
FREE CASH FLOW
Cash From Operating Activities -$10.06M -$13.10M -$53.90M
Capital Expenditures $360.0K $3.153M $1.171M
Free Cash Flow -$10.42M -$16.25M -$55.08M
YoY Change -48.11% -668.52% 32.29%

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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">consolidated financial statements. Significant items subject to such estimates and assumptions include revenue recognition, internal-use software development costs, stock-based compensation, allowance for doubtful accounts, valuation of acquired intangible assets of Dosh and Bridg, valuation of contingent consideration for Bridg, valuation of long-lived assets, goodwill valuation, income tax including valuation allowance and contingencies. We base our estimates on historical experience and on assumptions that we believe are reasonable. Changes in facts or circumstances may cause us to change our assumptions and estimates in future periods and it is possible that actual results could differ from our current or revised future estimates</span></div><div style="margin-top:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Restructuring and Reduction of Force</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter of 2020, we began a strategic shift within our organization to increase productivity and optimize performance. This plan resulted in severance and medical benefits totaling $1.3 million during the year ended December 31, 2020. We recognize these costs when the extent of our actions is determined and the costs can be estimated. These charges are reflected on our consolidated statement of operations for the year ended December 31, 2020, as follows: $1.1 million in sales and marketing expense, $0.1 million in general and administrative expense and $0.1 million in research and development expense.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a part of our integration efforts with our acquired companies, we continued to evaluate the optimal structure of the combined organization. As a result, during the year ended December 31, 2021 we recognized $1.2 million in severance and medical benefits related to our acquisitions. These charges are reflected on our consolidated statement of operations within acquisition and integration costs. Additionally, during the year ended December 31, 2021, we recognized $0.8 million of severance and medical benefits charges related to internal restructuring. These charges are reflected on our consolidated statement of operations as follows: $0.1 million in delivery costs, $0.4 million in sales and marketing expense, and $0.3 million in research and development expense. We recognize these costs when the extent of our actions is determined and the costs can be estimated.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">During 2022, we initiated a strategic reduction of our forces in our U.S., U.K., and India operations, including the planned closure of our Indian office. We also began a strategic shift within our organization to migrate certain data and applications to a cloud computing environment. As part of these initiatives, we recognized severance and medical benefit costs of $8.1 million. These charges are reflected on our condensed consolidated statement of operations as follows: $1.9 million in delivery costs, $2.1 million in sales and marketing expense, $1.6 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%"> in research and development expense and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">$2.5 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%"> in general and administrative expense. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">We recognize these costs when the extent of our actions are determined and the costs can be estimated. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">We plan to close our Indian office by the end of 2022. As of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">December 31, 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">, the remaining costs that have been incurred related to our restructuring and reduction of force but not yet paid are $2.4 million.</span>
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CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
864000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
962000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1918000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
587000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1327000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1808000 usd
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
500000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
2200000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
1600000 usd
CY2022 cdlx Number Of Patents Approved
NumberOfPatentsApproved
8 patent
CY2016 cdlx Number Of Patents Approved
NumberOfPatentsApproved
3 patent
CY2021 cdlx Number Of Patents Approved
NumberOfPatentsApproved
1 patent
CY2020Q4 cdlx Finite Lived Intangible Assets Not Yet Capitalized
FiniteLivedIntangibleAssetsNotYetCapitalized
400000 usd
CY2021Q4 cdlx Finite Lived Intangible Assets Not Yet Capitalized
FiniteLivedIntangibleAssetsNotYetCapitalized
100000 usd
CY2021Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
647000 usd
CY2022Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
102000 usd
CY2021Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
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85000 usd
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
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0 usd
CY2021Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
562000 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
102000 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
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19495000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
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32895000 usd
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
6364000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
12970000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
13131000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
19925000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
230000000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0100
CY2020Q3 us-gaap Proceeds From Convertible Debt
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222700000 usd
CY2022Q4 cdlx Debt Issuance Costs Amortization Year Two
DebtIssuanceCostsAmortizationYearTwo
1461000 usd
CY2022Q4 cdlx Debt Issuance Costs Amortization Year Three
DebtIssuanceCostsAmortizationYearThree
1461000 usd
CY2022Q4 cdlx Debt Issuance Costs Amortization Year Four
DebtIssuanceCostsAmortizationYearFour
1034000 usd
CY2022Q4 cdlx Debt Issuance Costs Amortization Year Five
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0 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
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3956000 usd
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1000000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3700000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4700000 usd
CY2021 cdlx Acquisition And Integration Costs Benefit
AcquisitionAndIntegrationCostsBenefit
24400000 usd
CY2022 cdlx Acquisition And Integration Costs Benefit
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-2900000 usd
CY2022 us-gaap Goodwill Impairment Loss
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396200000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
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7007000 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
2302000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
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276563000 usd
CY2022Q4 us-gaap Business Acquisitions Pro Forma Revenue
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298563000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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-134925000 usd
CY2022Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2020Q4 us-gaap Goodwill
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0 usd
CY2021 us-gaap Goodwill Acquired During Period
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742516000 usd
CY2021Q4 us-gaap Goodwill
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742516000 usd
CY2022 us-gaap Goodwill Acquired During Period
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5062000 usd
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
1385000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
396242000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
352721000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
13765000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13732000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13228000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9670000 usd
CY2022Q4 cdlx Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
2978000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0 usd
CY2020 cdlx Consumer Incentives Expense
ConsumerIncentivesExpense
76500000 usd
CY2021 cdlx Consumer Incentives Expense
ConsumerIncentivesExpense
127000000.0 usd
CY2022 cdlx Consumer Incentives Expense
ConsumerIncentivesExpense
143900000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
186892000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
258754000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
277185000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
78000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
28000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
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20200000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5100000 usd
CY2022 cdlx Increase In Operating Lease Liability
IncreaseInOperatingLeaseLiability
5500000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
7300000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
8200000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
5632000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
6598000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
936000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1294000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
119000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
459000 usd
CY2021 us-gaap Lease Cost
LeaseCost
6687000 usd
CY2022 us-gaap Lease Cost
LeaseCost
8351000 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M9D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M3D
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5087000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2409000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1196000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
599000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
397000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9688000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
472000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9216000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37798000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35437000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
26525000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29521000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11273000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5916000 usd
CY2020 us-gaap Depreciation Nonproduction
DepreciationNonproduction
5600000 usd
CY2021 us-gaap Depreciation Nonproduction
DepreciationNonproduction
6700000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
5400000 usd
CY2021Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
184398000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
230000000 usd
CY2022Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
226047000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
230000000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0100
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0100
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
30000 numberofdays
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.30
CY2020Q3 us-gaap Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
11.7457
CY2020Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
85140
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.30
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
30000 numberofdays
CY2020Q3 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1
CY2020Q3 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
30000 numberofdays
CY2020Q3 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
30000 numberofdays
CY2020Q3 us-gaap Proceeds From Convertible Debt
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222700000 usd
CY2020Q3 us-gaap Debt Instrument Call Feature
DebtInstrumentCallFeature
26.5 million
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
230000000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
41098000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4504000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3956000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
184398000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
226044000 usd
CY2021Q4 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
53096000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1680000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
51416000 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2300000 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2300000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9513000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
874000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1461000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
12687000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
3761000 usd
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0552
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0164
CY2020Q3 us-gaap Debt Instrument Call Feature
DebtInstrumentCallFeature
26.5 million
CY2022Q4 cdlx Line Of Credit Facility Maximum Borrowing Capacity Percentage Of Eligible Accounts Receivable
LineOfCreditFacilityMaximumBorrowingCapacityPercentageOfEligibleAccountsReceivable
0.50
CY2022Q4 cdlx Line Of Credit Facility Maximum Borrowing Capacity Percentage Of Eligible Accounts Receivable
LineOfCreditFacilityMaximumBorrowingCapacityPercentageOfEligibleAccountsReceivable
0.50
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
405830 shares
CY2022Q4 cdlx Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized Annual Percentage Increase
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorizedAnnualPercentageIncrease
0.05
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1673858 shares
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32396000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50264000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44686000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1000000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.99
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
467000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.78
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
29523000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
19000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
27.83
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
21.89
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
513000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.91
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
106000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.11
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
9710000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.16
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
406000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.17
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
16000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.77
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
335000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
31000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
23.60
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
359000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.37
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
359000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
25.37
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
0 usd
CY2019Q2 cdlx Sharebased Compensation Arrangementby Sharebased Payment Award Monthly Average Closing Price Common Stock Threshold
SharebasedCompensationArrangementbySharebasedPaymentAwardMonthlyAverageClosingPriceCommonStockThreshold
5.78
CY2019Q2 cdlx Sharebased Compensation Arrangementby Sharebased Payment Award Monthly Average Closing Price Common Stock Threshold
SharebasedCompensationArrangementbySharebasedPaymentAwardMonthlyAverageClosingPriceCommonStockThreshold
5.78
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
878969 shares
CY2020Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
334771000 shares
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-42613000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-122087000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-455202000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-12809000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-14342000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-11508000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-55422000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-136429000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-466710000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
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R72.htm Edgar Link pending
R73.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
cdlx-20221231_cal.xml Edgar Link unprocessable
cdlx-20221231_def.xml Edgar Link unprocessable