2024 Q1 Form 20-F Financial Statement

#000182481424000020 Filed on April 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024
Revenue $83.69M $313.4M
YoY Change 14.24% 0.43%
Cost Of Revenue $26.34M $98.00M
YoY Change -7.3% -18.29%
Gross Profit $57.35M $215.4M
YoY Change 27.88% 12.12%
Gross Profit Margin 68.53% 68.73%
Selling, General & Admin $33.31M $125.8M
YoY Change -13.32% -18.51%
% of Gross Profit 58.07% 58.39%
Research & Development $27.04M $107.3M
YoY Change -15.51% -23.55%
% of Gross Profit 47.14% 49.81%
Depreciation & Amortization $3.470M $13.82M
YoY Change -23.7% -23.46%
% of Gross Profit 6.05% 6.41%
Operating Expenses $60.46M $233.5M
YoY Change -14.18% -20.98%
Operating Profit -$3.109M -$18.05M
YoY Change -87.86% -82.53%
Interest Expense $559.0K $704.0K
YoY Change -66.88% -55.92%
% of Operating Profit
Other Income/Expense, Net -$3.696M -$677.0K
YoY Change -191.28% -110.7%
Pretax Income -$5.991M -$13.26M
YoY Change -60.54% -86.33%
Income Tax -$4.114M -$1.614M
% Of Pretax Income
Net Earnings -$2.614M -$15.57M
YoY Change -90.36% -86.36%
Net Earnings / Revenue -3.12% -4.97%
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share -$0.04 -$0.22
COMMON SHARES
Basic Shares Outstanding 71.00M shares 70.08M shares
Diluted Shares Outstanding 70.08M shares

Balance Sheet

Concept 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.48M $74.48M
YoY Change 115.38% 42.99%
Cash & Equivalents $74.48M $74.48M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $43.80M $39.55M
YoY Change 4860.48% 7.86%
Inventory $24.58M $24.58M
Prepaid Expenses $26.70M
Receivables $122.1M $122.1M
Other Receivables $0.00 $4.249M
Total Short-Term Assets $265.0M $265.0M
YoY Change 5.27% 5.27%
LONG-TERM ASSETS
Property, Plant & Equipment $58.22M $58.22M
YoY Change 125.0% 34.04%
Goodwill $126.6M
YoY Change 0.06%
Intangibles $258.0K
YoY Change -60.31%
Long-Term Investments
YoY Change
Other Assets $22.06M $22.06M
YoY Change 10.53% 6.15%
Total Long-Term Assets $207.1M $207.1M
YoY Change 8.23% 8.23%
TOTAL ASSETS
Total Short-Term Assets $265.0M $265.0M
Total Long-Term Assets $207.1M $207.1M
Total Assets $472.1M $472.1M
YoY Change 6.55% 6.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.86M $20.86M
YoY Change 0.9% 0.9%
Accrued Expenses $75.83M $72.18M
YoY Change -3.16% -1.91%
Deferred Revenue $93.78M
YoY Change -1.16%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $190.5M $190.5M
YoY Change -1.75% -1.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $64.92M $64.92M
YoY Change 456.42% 78.26%
Total Long-Term Liabilities $64.92M $64.92M
YoY Change 456.42% 78.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $190.5M $190.5M
Total Long-Term Liabilities $64.92M $64.92M
Total Liabilities $274.2M $274.2M
YoY Change 17.53% 10.15%
SHAREHOLDERS EQUITY
Retained Earnings -$144.6M
YoY Change 12.07%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $197.9M $197.9M
YoY Change
Total Liabilities & Shareholders Equity $472.1M $472.1M
YoY Change 6.55% 6.55%

Cashflow Statement

Concept 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$2.614M -$15.57M
YoY Change -90.36% -86.36%
Depreciation, Depletion And Amortization $3.470M $13.82M
YoY Change -23.7% -23.46%
Cash From Operating Activities $9.763M $34.56M
YoY Change 6.7% -193.44%
INVESTING ACTIVITIES
Capital Expenditures $2.499M $9.069M
YoY Change 7.58% 9.61%
Acquisitions
YoY Change
Other Investing Activities $21.39M $18.43M
YoY Change -40.0%
Cash From Investing Activities $18.89M $9.358M
YoY Change -43.32% -53.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.452M -2.452M
YoY Change -95.24% -97.62%
NET CHANGE
Cash From Operating Activities 9.763M 34.56M
Cash From Investing Activities 18.89M 9.358M
Cash From Financing Activities -2.452M -2.452M
Net Change In Cash 26.20M 41.47M
YoY Change -390.63% -134.79%
FREE CASH FLOW
Cash From Operating Activities $9.763M $34.56M
Capital Expenditures $2.499M $9.069M
Free Cash Flow $7.264M $25.49M
YoY Change 6.4% -156.32%

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CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2024 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2024 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2024 us-gaap Comprehensive Income Net Of Tax
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CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024 us-gaap Profit Loss
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CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2024 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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18050000 usd
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CY2024 cgnt Accounts Receivable Credit Loss Expense Reversal Including Portion Related To Contract Assets
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CY2023 cgnt Accounts Receivable Credit Loss Expense Reversal Including Portion Related To Contract Assets
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CY2022 cgnt Accounts Receivable Credit Loss Expense Reversal Including Portion Related To Contract Assets
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CY2024 us-gaap Gain Loss On Sale Of Business
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CY2024 us-gaap Share Based Compensation
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DeferredIncomeTaxExpenseBenefit
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DerivativeGainLossOnDerivativeNet
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CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2024 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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CY2024 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
685000 usd
CY2023 us-gaap Other Noncash Income Expense
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CY2024 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2024 us-gaap Increase Decrease In Contract With Customer Asset
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CY2024 us-gaap Increase Decrease In Inventories
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960000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13101000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
363000 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2364000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4332000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2024 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
18000000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
174000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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1761000 usd
CY2024 us-gaap Other Operating Activities Cash Flow Statement
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1266000 usd
CY2023 us-gaap Other Operating Activities Cash Flow Statement
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CY2022 us-gaap Other Operating Activities Cash Flow Statement
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1351000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
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34561000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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2630000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
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7035000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024 us-gaap Payments To Acquire Investments
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58695000 usd
CY2023 us-gaap Payments To Acquire Investments
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55150000 usd
CY2022 us-gaap Payments To Acquire Investments
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58973000 usd
CY2024 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
75906000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
48765000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
52978000 usd
CY2024 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
977000 usd
CY2023 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
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CY2022 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
138000 usd
CY2024 us-gaap Payments To Develop Software
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2034000 usd
CY2023 us-gaap Payments To Develop Software
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CY2022 us-gaap Payments To Develop Software
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CY2024 us-gaap Proceeds From Divestiture Of Businesses
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CY2023 us-gaap Proceeds From Divestiture Of Businesses
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37635000 usd
CY2022 us-gaap Proceeds From Divestiture Of Businesses
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CY2024 cgnt Increase Decrease In Restricted Bank Time Deposits Investing Activities
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CY2023 cgnt Increase Decrease In Restricted Bank Time Deposits Investing Activities
IncreaseDecreaseInRestrictedBankTimeDepositsInvestingActivities
358000 usd
CY2022 cgnt Increase Decrease In Restricted Bank Time Deposits Investing Activities
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5561000 usd
CY2024 us-gaap Payments For Proceeds From Other Investing Activities
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CY2023 us-gaap Payments For Proceeds From Other Investing Activities
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CY2024 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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20127000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2023 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
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100000000 usd
CY2024 cgnt Payments Of Ordinary Dividends Former Parent
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CY2023 cgnt Payments Of Ordinary Dividends Former Parent
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CY2022 cgnt Payments Of Ordinary Dividends Former Parent
PaymentsOfOrdinaryDividendsFormerParent
35000000 usd
CY2024 us-gaap Payments Of Dividends Minority Interest
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2452000 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
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CY2022 us-gaap Payments Of Dividends Minority Interest
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3338000 usd
CY2024 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
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2738000 usd
CY2024 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2024 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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58743000 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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617000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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41000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41352000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43563000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39044000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158220000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114657000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80396000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39044000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158220000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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74477000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34579000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
152590000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5825000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4302000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3486000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
94000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
163000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2144000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80396000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39044000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158220000 usd
CY2024 us-gaap Use Of Estimates
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<div style="text-align:justify"><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="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><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 our management to make estimates and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024 cgnt Minimum Maturity Period Of Short Term Investments In Time Deposits
MinimumMaturityPeriodOfShortTermInvestmentsInTimeDeposits
P90D
CY2023Q1 us-gaap Marketable Securities
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0 usd
CY2024Q1 us-gaap Marketable Securities
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CY2024 us-gaap Concentration Risk Credit Risk
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, bank time deposits, short-term investments, accounts receivable, and contract assets. We invest our cash in bank accounts and bank time deposits. By policy, we seek to limit credit exposure on investments through diversification and by restricting our investments to highly rated securities.</span></div>We grant credit terms to our customers in the ordinary course of business. Concentrations of credit risk with respect to accounts receivable and contract assets are generally limited due to the large number of customers comprising our customer base and their dispersion across different industries and geographic areas.
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1583000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2110000 usd
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4559000 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2578000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2824000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
342000 usd
CY2024 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
7000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3080000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2791000 usd
CY2024 cgnt Accounts Receivable Allowance For Credit Loss Business Divestiture
AccountsReceivableAllowanceForCreditLossBusinessDivestiture
62000 usd
CY2023 cgnt Accounts Receivable Allowance For Credit Loss Business Divestiture
AccountsReceivableAllowanceForCreditLossBusinessDivestiture
308000 usd
CY2022 cgnt Accounts Receivable Allowance For Credit Loss Business Divestiture
AccountsReceivableAllowanceForCreditLossBusinessDivestiture
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CY2024 cgnt Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Gain Loss
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CY2024Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2024 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2024 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2024Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset
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CY2024Q1 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
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CY2024 us-gaap Allocated Share Based Compensation Expense
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CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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CY2024 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2024 us-gaap Severance Costs1
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OtherLeaseRelatedCost
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OtherLeaseRelatedCost
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CY2024 us-gaap Sublease Income
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CY2024 us-gaap Lease Cost
LeaseCost
11290000 usd
CY2023 us-gaap Lease Cost
LeaseCost
14896000 usd
CY2022 us-gaap Lease Cost
LeaseCost
15331000 usd
CY2024 cgnt Accelerated Operating Lease Expenses
AcceleratedOperatingLeaseExpenses
300000 usd
CY2023 cgnt Accelerated Operating Lease Expenses
AcceleratedOperatingLeaseExpenses
1500000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
7201000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
8272000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
8733000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23293000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2240000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3756000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7450000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6213000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4201000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4063000 usd
CY2024Q1 cgnt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
23733000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
45660000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12298000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
33363000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5413000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
27950000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
33363000 usd
CY2024Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
28000000 usd
CY2024Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
50000000 usd
CY2024Q1 cgnt Unrecognized Tax Benefits Increase Resulting From Out Of Period Correction
UnrecognizedTaxBenefitsIncreaseResultingFromOutOfPeriodCorrection
4700000 usd
CY2024 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70081000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67924000 shares
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
313404000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
312062000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
474042000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24384000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25874000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
-11645000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-109951000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-10256000 usd
CY2024 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3925000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4181000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4634000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-15570000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-114132000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-14890000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70081000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67924000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66570000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66570000 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.68
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.68
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
733000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
480000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
603000 shares

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