2021 Q4 Form 10-Q Financial Statement

#000162828021021447 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $17.76M $17.31M $15.45M
YoY Change 14.94% 22.06% 18.03%
Cost Of Revenue $6.891M $6.730M $6.020M
YoY Change 14.47% 17.53% 7.12%
Gross Profit $10.87M $10.58M $9.420M
YoY Change 15.37% 25.12% 26.1%
Gross Profit Margin 61.2% 61.12% 60.97%
Selling, General & Admin $15.14M $18.42M $14.51M
YoY Change 4.33% 56.01% -4.48%
% of Gross Profit 139.3% 174.16% 154.03%
Research & Development $1.045M $996.0K $990.0K
YoY Change 5.56% 18.43% -13.16%
% of Gross Profit 9.62% 9.42% 10.51%
Depreciation & Amortization $262.0K $285.0K $280.0K
YoY Change -6.43% 1.79% 3.7%
% of Gross Profit 2.41% 2.69% 2.97%
Operating Expenses $16.18M $19.42M $15.51M
YoY Change 4.35% 53.51% -5.02%
Operating Profit -$5.316M -$8.841M -$6.090M
YoY Change -12.71% 110.7% -31.26%
Interest Expense -$9.000K $15.00K -$20.00K
YoY Change -55.0% -21.05% -300.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.325M -$8.856M -$6.100M
YoY Change -12.7% 109.86% -31.07%
Income Tax
% Of Pretax Income
Net Earnings -$5.325M -$8.856M -$6.100M
YoY Change -12.7% 110.11% -31.07%
Net Earnings / Revenue -29.98% -51.17% -39.48%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$77.96K -$0.13 -$98.58K
COMMON SHARES
Basic Shares Outstanding 68.29M shares 68.24M shares 61.79M shares
Diluted Shares Outstanding 68.24M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.22M $33.10M $16.70M
YoY Change 68.98% 113.84% -11.22%
Cash & Equivalents $28.22M $33.10M $16.70M
Short-Term Investments
Other Short-Term Assets $1.859M $1.762M $1.150M
YoY Change 61.65% 74.46% 15.0%
Inventory $13.60M $12.68M $11.68M
Prepaid Expenses
Receivables $5.226M $5.295M $2.694M
Other Receivables $2.100M $2.300M $900.0K
Total Short-Term Assets $48.91M $52.84M $32.22M
YoY Change 51.79% 71.94% -3.88%
LONG-TERM ASSETS
Property, Plant & Equipment $7.355M $3.084M $3.206M
YoY Change 129.41% -6.74% -14.85%
Goodwill
YoY Change
Intangibles $857.0K $908.0K $1.082M
YoY Change -20.79% -20.84% -17.47%
Long-Term Investments
YoY Change
Other Assets $723.0K $576.0K $625.0K
YoY Change 15.68% -36.7% -17.98%
Total Long-Term Assets $8.935M $7.617M $6.139M
YoY Change 45.54% 13.91% -8.77%
TOTAL ASSETS
Total Short-Term Assets $48.91M $52.84M $32.22M
Total Long-Term Assets $8.935M $7.617M $6.139M
Total Assets $57.84M $60.45M $38.36M
YoY Change 50.79% 61.57% -4.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.42M $10.80M $9.445M
YoY Change 10.35% 57.01% -1.88%
Accrued Expenses $6.481M $6.331M $6.133M
YoY Change 5.67% 22.39% 38.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00K $13.00K $30.00K
YoY Change -33.33% -83.75% -88.46%
Total Short-Term Liabilities $17.61M $17.77M $16.48M
YoY Change 6.9% 36.53% 9.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $11.00K $20.00K
YoY Change -100.0% -45.0% 0.0%
Other Long-Term Liabilities $8.500M $7.222M $5.440M
YoY Change 56.25% 47.69% 15.25%
Total Long-Term Liabilities $8.500M $7.233M $5.460M
YoY Change 55.68% 47.31% 15.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.61M $17.77M $16.48M
Total Long-Term Liabilities $8.500M $7.233M $5.460M
Total Liabilities $26.11M $25.00M $21.93M
YoY Change 19.05% 39.46% 10.77%
SHAREHOLDERS EQUITY
Retained Earnings -$169.0M -$163.6M -$141.8M
YoY Change 19.13% 20.56% 16.35%
Common Stock $68.00K $68.00K $62.00K
YoY Change 9.68% 9.68% 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.73M $35.45M $16.42M
YoY Change
Total Liabilities & Shareholders Equity $57.84M $60.45M $38.36M
YoY Change 50.79% 61.57% -4.69%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$5.325M -$8.856M -$6.100M
YoY Change -12.7% 110.11% -31.07%
Depreciation, Depletion And Amortization $262.0K $285.0K $280.0K
YoY Change -6.43% 1.79% 3.7%
Cash From Operating Activities -$4.944M -$5.919M $20.00K
YoY Change -24820.0% 54.14% -103.28%
INVESTING ACTIVITIES
Capital Expenditures -$2.000K -$96.00K $30.00K
YoY Change -106.67% 60.0% -110.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.000K -$96.00K $10.00K
YoY Change -120.0% 60.0% -96.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 63.00K 339.0K 1.180M
YoY Change -94.66% -30.82% 337.04%
NET CHANGE
Cash From Operating Activities -4.944M -5.919M 20.00K
Cash From Investing Activities -2.000K -96.00K 10.00K
Cash From Financing Activities 63.00K 339.0K 1.180M
Net Change In Cash -4.883M -5.676M 1.210M
YoY Change -503.55% 66.45% -1828.57%
FREE CASH FLOW
Cash From Operating Activities -$4.944M -$5.919M $20.00K
Capital Expenditures -$2.000K -$96.00K $30.00K
Free Cash Flow -$4.942M -$5.823M -$10.00K
YoY Change 49320.0% 54.05% -96.97%

Facts In Submission

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IncreaseDecreaseInAccruedLiabilities
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IncreaseDecreaseInAccruedLiabilities
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IncreaseDecreaseInContractWithCustomerLiability
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IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
56000 USD
cdcx Increase Decrease In Principal Payments On Operating Leases
IncreaseDecreaseInPrincipalPaymentsOnOperatingLeases
472000 USD
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IncreaseDecreaseInPrincipalPaymentsOnOperatingLeases
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Debt Issuance Costs
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27000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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cdcx Right Of Use Assets And Operating Lease Liabilities Incurred Due To Lease Amendment
RightOfUseAssetsAndOperatingLeaseLiabilitiesIncurredDueToLeaseAmendment
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cdcx Financing Lease Obligation Incurred For Purchase Of Computer Equipment And Software
FinancingLeaseObligationIncurredForPurchaseOfComputerEquipmentAndSoftware
0 USD
cdcx Financing Lease Obligation Incurred For Purchase Of Computer Equipment And Software
FinancingLeaseObligationIncurredForPurchaseOfComputerEquipmentAndSoftware
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us-gaap Nature Of Operations
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Nature of BusinessChromaDex is a global bioscience company dedicated to healthy aging. The ChromaDex team, which includes world-renowned scientists, is pioneering research on nicotinamide adenine dinucleotide (NAD+), levels of which decline with age. ChromaDex is the innovator behind NAD+ precursor nicotinamide riboside (NR), commercialized as the flagship ingredient NIAGEN®. Nicotinamide riboside and other NAD+ precursors are protected by ChromaDex’s patent and/or licensed rights portfolio. ChromaDex delivers NIAGEN® as the sole active ingredient in its consumer product TRU NIAGEN®. The Company also has an analytical reference standards and services segment, which focuses on natural product fine chemicals, known as phytochemicals, and related chemistry services.
us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications: Certain prior period results have been reclassified to be consistent with the current period presentation.
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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66811000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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cdcx Nonvested Shares Of Restricted Stock
NonvestedSharesOfRestrictedStock
200000 shares
CY2021Q3 cdcx Nonvested Shares Of Restricted Stock
NonvestedSharesOfRestrictedStock
200000 shares
cdcx Nonvested Shares Of Restricted Stock
NonvestedSharesOfRestrictedStock
200000 shares
CY2020Q3 cdcx Nonvested Shares Of Restricted Stock
NonvestedSharesOfRestrictedStock
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CY2021Q3 us-gaap Revenue From Related Parties
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2600000 USD
CY2020Q3 us-gaap Revenue From Related Parties
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2500000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7100000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7200000 USD
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AccountsReceivableRelatedPartiesCurrent
2300000 USD
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AccountsReceivableRelatedPartiesCurrent
900000 USD
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5998000 USD
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2358000 USD
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1861000 USD
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100000 USD
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2200000 USD
CY2021Q2 cdcx Operating Lease Right Of Use Asset Fair Value Of Increase Decrease Due To Lease Modification
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2200000 USD
CY2021Q2 cdcx Lessee Operating Lease Number Of Renewal Options
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LessorOperatingLeaseRenewalTerm
P5Y
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q3 us-gaap Operating Lease Liability
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188000 USD
us-gaap Lease Cost
LeaseCost
791000 USD
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OperatingLeaseExpense
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OperatingLeaseExpense
120000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
458000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2020Q3 us-gaap Variable Lease Cost
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5000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
145000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
139000 USD
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203000 USD
CY2020Q3 cdcx Total Operating Lease Expenses
TotalOperatingLeaseExpenses
125000 USD
cdcx Total Operating Lease Expenses
TotalOperatingLeaseExpenses
603000 USD
cdcx Total Operating Lease Expenses
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498000 USD
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us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
ShortTermLeaseCost
191000 USD
CY2021Q3 us-gaap Lease Cost
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266000 USD
us-gaap Lease Cost
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P4Y9M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
110000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
817000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
808000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
564000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
144000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
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3948000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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625000 USD
CY2021Q3 us-gaap Operating Lease Liability
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CY2021Q3 us-gaap Operating Lease Liability Noncurrent
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.744
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.010
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021Q3 us-gaap Share Price
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6.27
CY2021Q3 us-gaap Share Price
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CY2020Q4 cdcx Unvested Shares Beginning Balance
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0 shares
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0
cdcx Unvested Shares Granted
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123000 shares
cdcx Unvested Weighted Average Fair Value Granted
UnvestedWeightedAverageFairValueGranted
10.94
cdcx Unvested Shares Vested
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0 shares
cdcx Unvested Weighted Average Fair Value Vested
UnvestedWeightedAverageFairValueVested
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cdcx Unvested Shares Forfeited
UnvestedSharesForfeited
7000 shares
cdcx Unvested Weighted Average Fair Value Forfeited
UnvestedWeightedAverageFairValueForfeited
11.83
CY2021Q3 cdcx Unvested Shares Ending Balance
UnvestedSharesEndingBalance
116000 shares
CY2021Q3 cdcx Unvested Weighted Average Fair Value Ending Balance
UnvestedWeightedAverageFairValueEndingBalance
10.90
cdcx Unvested Shares Expected To Vest
UnvestedSharesExpectedToVest
116000 shares
cdcx Unvested Weighted Average Fair Value Expected To Vest
UnvestedWeightedAverageFairValueExpectedToVest
10.90
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1822000 USD
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1574000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4722000 USD
us-gaap Share Based Compensation
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5158000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
10700000 USD
us-gaap Number Of Reportable Segments
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3 reportable_segment
us-gaap Number Of Reportable Segments
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CY2021Q3 us-gaap Revenues
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17308000 USD
CY2021Q3 us-gaap Cost Of Revenue
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CY2021Q3 us-gaap Gross Profit
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CY2020Q3 us-gaap Cost Of Revenue
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us-gaap Operating Expenses
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CY2020Q3 us-gaap General And Administrative Expense
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CY2020Q3 us-gaap Operating Expenses
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CY2020Q3 us-gaap Operating Income Loss
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us-gaap Revenues
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49690000 USD
us-gaap Cost Of Revenue
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19068000 USD
us-gaap Gross Profit
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us-gaap Research And Development Expense
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us-gaap General And Administrative Expense
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us-gaap Operating Expenses
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us-gaap Revenues
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2545000 USD
us-gaap General And Administrative Expense
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CY2021Q3 us-gaap Revenues
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CY2020Q3 us-gaap Revenues
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us-gaap Revenues
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49690000 USD
us-gaap Revenues
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43812000 USD
CY2019Q3 us-gaap Accounts Receivable From Securitization
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1600000 USD

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