2023 Q2 Form 10-Q Financial Statement

#000183537823000070 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $34.55M $30.49M $25.86M
YoY Change 4.41% 17.88% 43.57%
Cost Of Revenue $8.591M $8.265M $6.344M
YoY Change 16.87% 30.28% 64.27%
Gross Profit $25.96M $22.22M $19.52M
YoY Change 0.85% 13.84% 37.93%
Gross Profit Margin 75.13% 72.89% 75.47%
Selling, General & Admin $20.38M $21.29M $21.99M
YoY Change -16.03% -3.18% 143.15%
% of Gross Profit 78.54% 95.8% 112.64%
Research & Development $6.876M $7.117M $7.329M
YoY Change -29.19% -2.89% 38.36%
% of Gross Profit 26.49% 32.03% 37.55%
Depreciation & Amortization $2.064M $2.030M $673.0K
YoY Change 122.89% 201.63% 269.78%
% of Gross Profit 7.95% 9.14% 3.45%
Operating Expenses $27.26M $28.40M $29.32M
YoY Change -19.79% -3.11% 104.44%
Operating Profit -$17.87M -$8.214M -$9.797M
YoY Change 94.81% -16.16% 5111.17%
Interest Expense $248.0K $2.475M $2.311M
YoY Change -98.14% 7.1% -247.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$17.62M -$5.739M -$7.486M
YoY Change -526.52% -23.34% 326.07%
Income Tax $1.335M $2.824M -$37.00K
% Of Pretax Income
Net Earnings -$18.96M -$8.563M -$7.449M
YoY Change -540.91% 14.96% 284.76%
Net Earnings / Revenue -54.88% -28.09% -28.8%
Basic Earnings Per Share -$0.14 -$0.06 -$0.06
Diluted Earnings Per Share -$0.14 -$0.06 -$0.06
COMMON SHARES
Basic Shares Outstanding 137.2M shares 136.3M shares 124.2M shares
Diluted Shares Outstanding 137.6M shares 136.0M shares 124.2M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.38M $45.02M $45.44M
YoY Change -1.45% -0.94% 6993.17%
Cash & Equivalents $43.38M $45.02M $45.44M
Short-Term Investments
Other Short-Term Assets $4.123M $5.692M $6.571M
YoY Change -21.42% -13.38% 748.58%
Inventory
Prepaid Expenses
Receivables $43.24M $39.95M $38.77M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $90.75M $90.65M $90.78M
YoY Change -2.24% -0.14% 4915.41%
LONG-TERM ASSETS
Property, Plant & Equipment $18.96M $16.97M $6.599M
YoY Change 113.94% 157.13%
Goodwill $102.5M $117.0M $97.20M
YoY Change -10.59% 20.34%
Intangibles $27.66M $28.79M $59.27M
YoY Change -21.28% -51.42%
Long-Term Investments $260.0K $265.0K $303.0K
YoY Change -16.67% -12.54% -99.88%
Other Assets $834.0K $813.0K $542.0K
YoY Change 33.44% 50.0%
Total Long-Term Assets $152.6M $166.7M $167.9M
YoY Change -6.4% -0.71% -33.66%
TOTAL ASSETS
Total Short-Term Assets $90.75M $90.65M $90.78M
Total Long-Term Assets $152.6M $166.7M $167.9M
Total Assets $243.3M $257.3M $258.6M
YoY Change -4.89% -0.51% 1.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.421M $4.919M $3.791M
YoY Change 20.76% 29.75%
Accrued Expenses $5.194M $7.166M $4.183M
YoY Change 11.41% 71.31% 730.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M
YoY Change
Total Short-Term Liabilities $22.20M $23.84M $25.81M
YoY Change -35.68% -7.64% 5024.27%
LONG-TERM LIABILITIES
Long-Term Debt $20.00M $20.00M $0.00
YoY Change
Other Long-Term Liabilities $9.461M $8.024M $10.47M
YoY Change 146.96% -23.37% -74.03%
Total Long-Term Liabilities $31.56M $30.96M $29.91M
YoY Change 238.63% 3.51% -25.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.20M $23.84M $25.81M
Total Long-Term Liabilities $31.56M $30.96M $29.91M
Total Liabilities $53.76M $54.80M $55.72M
YoY Change 22.66% -1.65% 36.47%
SHAREHOLDERS EQUITY
Retained Earnings -$178.4M -$159.4M -$139.9M
YoY Change 31.55% 13.95%
Common Stock $13.00K $13.00K $13.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $189.6M $202.5M $202.9M
YoY Change
Total Liabilities & Shareholders Equity $243.3M $257.3M $258.6M
YoY Change -4.89% -0.51% 1.5%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$18.96M -$8.563M -$7.449M
YoY Change -540.91% 14.96% 284.76%
Depreciation, Depletion And Amortization $2.064M $2.030M $673.0K
YoY Change 122.89% 201.63% 269.78%
Cash From Operating Activities $580.0K $368.0K -$7.213M
YoY Change -106.68% -105.1% -240.41%
INVESTING ACTIVITIES
Capital Expenditures $2.600M $89.00K $97.00K
YoY Change -232.05% -8.25% -40.85%
Acquisitions $0.00 $99.57M
YoY Change -100.0%
Other Investing Activities $20.00K $10.01M -$99.57M
YoY Change -31.03% -110.05% -905236.36%
Cash From Investing Activities -$2.580M $6.827M -$101.3M
YoY Change 32.99% -106.74% 66130.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $5.000M $0.00
YoY Change
Cash From Financing Activities 364.0K $250.0K -$2.718M
YoY Change -96.03% -109.2% -1610.0%
NET CHANGE
Cash From Operating Activities 580.0K $368.0K -$7.213M
Cash From Investing Activities -2.580M $6.827M -$101.3M
Cash From Financing Activities 364.0K $250.0K -$2.718M
Net Change In Cash -1.636M $7.445M -$111.3M
YoY Change 12.13% -106.69% -2254.61%
FREE CASH FLOW
Cash From Operating Activities $580.0K $368.0K -$7.213M
Capital Expenditures $2.600M $89.00K $97.00K
Free Cash Flow -$2.020M $279.0K -$7.310M
YoY Change -69.94% -103.82% -246.99%

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CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
99568000 usd
CY2023Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
3091000 usd
CY2022Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1671000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
89000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
97000 usd
CY2023Q1 iacb Withdrawal Of Short Term Bank Deposits
WithdrawalOfShortTermBankDeposits
-10000000 usd
CY2022Q1 iacb Withdrawal Of Short Term Bank Deposits
WithdrawalOfShortTermBankDeposits
0 usd
CY2023Q1 iacb Proceeds From Payments For Deposits Investing Activities
ProceedsFromPaymentsForDepositsInvestingActivities
7000 usd
CY2022Q1 iacb Proceeds From Payments For Deposits Investing Activities
ProceedsFromPaymentsForDepositsInvestingActivities
3000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6827000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101333000 usd
CY2022Q1 iacb Noncash Or Part Noncash Acquisition Equity Instrument Consideration Equity Issued
NoncashOrPartNoncashAcquisitionEquityInstrumentConsiderationEquityIssued
47152000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45015000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
362000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
61000 usd
CY2023Q1 iacb Noncash Or Part Noncash Acquisition Equity Instrument Consideration Equity Issued
NoncashOrPartNoncashAcquisitionEquityInstrumentConsiderationEquityIssued
0 usd
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5000000 usd
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
CY2023Q1 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 usd
CY2022Q1 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
3180000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
250000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
462000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
250000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2718000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7445000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-111264000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37971000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157158000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45416000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45894000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
203000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
165000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45441000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
401000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
453000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45416000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45894000 usd
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Prior period reclassification:</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter of 2022 we began presenting depreciation and amortization expenses as a separate line item on our condensed consolidated statements of operations and all prior periods have been adjusted. Depreciation and amortization expenses were previously included in cost of sales and other operating expenses depending on the underlying asset’s function. Additionally, we no longer present gross profit as a subtotal on our condensed consolidated statements of operations. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The reclassification is intended to better reflect the financial performance of transactions with customers as our business has evolved including our most recent acquisition of TVS. The change is intended to provide more clarity about changes in cost of revenue and other operating expenses exclusive of depreciation and amortization, and better align with how our peers and competitors present their financial statements. </span></div>In accordance with US GAAP, all periods presented below have been retrospectively adjusted to reflect the reclassification of cost of revenue and other operating expenses exclusive of depreciation and amortization. There was no net impact to loss from operations, net loss attributable to common stockholders or net loss per stock for any periods presented. The condensed consolidated balance sheets, condensed statements of changes in temporary equity and stockholders’ equity, and the condensed consolidated statements of cash flows are not affected by this reclassification.
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
8265000 usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
5926000 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7117000 usd
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7254000 usd
CY2023Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11637000 usd
CY2022Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10351000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9650000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11455000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2030000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
673000 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of the condensed consolidated financial statements in conformity with US GAAP requires management to make estimates, judgments, 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 can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
CY2023Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingunit
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><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 risks</span></div><div style="margin-bottom:9pt;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 the Company to concentrations of credit risk consist principally of cash and cash equivalents, deposits and trade receivables, net. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Most of the Company’s cash and cash equivalents are invested in deposits with major banks in US and Israel. The Company is exposed to credit risk in the event of default by the financial institutions to the extent of the amounts recorded on the accompanying consolidated balance sheets exceed federally insured limits. Generally, these investments may be redeemed upon demand and, therefore, bear minimal risk.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 10, 2023, Si</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">licon Valley Bank (“SVB”)</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, where the Company maintains an operating account with a cash balance of $32,571 of the Company's total cash, cash equivalents, was closed by the California Department of Financial Protection and Innovation and the FDIC was appointed as receiver. On March 12, 2023, the U.S. Department of the Treasury, Federal Reserve Board, and FDIC released a joint statement announcing that the FDIC would complete its resolution of SVB in a manner that fully protected all depositors at SVB and that depositors would have access to all of their money starting March 13, 2023. On March 27, 2023 First Citizens BancShares, Inc. announced, that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase all of the assets and liabilities of Silicon Valley Bridge Bank, N.A. Due to these actions the Company does not believe that it has exposure to loss as a result of SVB’s receivership.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s trade receivables, net is mainly derived from sales to customers located in the US, APAC, EMEA, and LATAM. The Company mitigates its credit risks by performing an ongoing credit evaluations of its customers’ financial conditions.</span></div>The Company has no off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other foreign hedging arrangements.
CY2023Q1 iacb Revenue From Contract With Customer Payment Term
RevenueFromContractWithCustomerPaymentTerm
P60D
CY2023Q1 iacb Revenue Recognition Advertisement Serving Services Percentage
RevenueRecognitionAdvertisementServingServicesPercentage
0.730
CY2022Q1 iacb Revenue Recognition Advertisement Serving Services Percentage
RevenueRecognitionAdvertisementServingServicesPercentage
0.851
CY2023Q1 iacb Revenue Recognition Measurement Serving Percentage
RevenueRecognitionMeasurementServingPercentage
0.230
CY2022Q1 iacb Revenue Recognition Measurement Serving Percentage
RevenueRecognitionMeasurementServingPercentage
0.103
CY2023Q1 iacb Revenue Recognition Creative Serving Percentage
RevenueRecognitionCreativeServingPercentage
0.039
CY2022Q1 iacb Revenue Recognition Creative Serving Percentage
RevenueRecognitionCreativeServingPercentage
0.043
CY2023Q1 iacb Business Combination Compensation Arrangement Percentage
BusinessCombinationCompensationArrangementPercentage
0.27
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2450000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3238000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2910000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.480
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3822000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
463000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
475000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
263000 usd
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
82000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
21000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
747000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
561000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
523000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
574000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1657000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
989000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
651000 usd
CY2023Q1 iacb Lessee Operating Lease Liability Undiscounted Lease Payments
LesseeOperatingLeaseLiabilityUndiscountedLeasePayments
3297000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
59000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3238000 usd
CY2023Q1 iacb Fractional Shares Issued Upon Exercise
FractionalSharesIssuedUponExercise
0 shares
CY2023Q1 iacb Threshold Period For Not To Transfer Assign Or Sell Any Shares Or Warrants After Completion Of Initial Business Combination
ThresholdPeriodForNotToTransferAssignOrSellAnySharesOrWarrantsAfterCompletionOfInitialBusinessCombination
P30D
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000 usd
CY2023Q1 iacb Bank Guarantees In Connection With Office Lease Agreement
BankGuaranteesInConnectionWithOfficeLeaseAgreement
231000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
365000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
117000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
152000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4600000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M2D
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2824000 usd
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
37000 usd
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
CY2023Q1 iacb Effective Income Tax Rate Discrete Items Percent
EffectiveIncomeTaxRateDiscreteItemsPercent
0.067
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.547
CY2022Q1 iacb Effective Income Tax Rate Discrete Items Percent
EffectiveIncomeTaxRateDiscreteItemsPercent
0.002
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.007
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
30485000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25862000 usd
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
19418000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
17232000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-8563000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-7449000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8563000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8563000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7449000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7449000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136008998 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136008998 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124245358 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124245358 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06

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