2023 Q2 Form 10-Q Financial Statement
#000183537823000070 Filed on May 09, 2023
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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|
-0.06 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
136008998 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
136008998 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124245358 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124245358 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
161255000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
47152000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1496000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
462000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7449000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
202916000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
205928000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4897000 | usd |
CY2023Q1 | iacb |
Share Based Compensation Arrangement By Share Based Payment Award Stock Options Exercised And Restricted Stock Units Vested In Period Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockOptionsExercisedAndRestrictedStockUnitsVestedInPeriodValue
|
250000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8563000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
202512000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8563000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7449000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2030000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
673000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4533000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1496000 | usd |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2714000 | usd |
CY2022Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2787000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3708000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-163000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2922000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1950000 | usd |
CY2023Q1 | iacb |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
459000 | usd |
CY2022Q1 | iacb |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
431000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1558000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-191000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-299000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
1704000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-584000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-410000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
5000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
3162000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1107000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
368000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7213000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd |
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 |