2022 Q1 Form 10-Q Financial Statement

#000157056222000102 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $33.91M $12.24M
YoY Change 177.0% 16.63%
Cost Of Revenue $13.21M $4.908M
YoY Change 169.11% 16.33%
Gross Profit $20.70M $7.333M
YoY Change 182.29% 16.82%
Gross Profit Margin 61.05% 59.91%
Selling, General & Admin $33.44M $20.67M
YoY Change 61.83% -33.98%
% of Gross Profit 161.56% 281.81%
Research & Development $468.0K $841.0K
YoY Change -44.35% 65.88%
% of Gross Profit 2.26% 11.47%
Depreciation & Amortization $922.0K $2.033M
YoY Change -54.65% 16.24%
% of Gross Profit 4.45% 27.72%
Operating Expenses $33.91M $21.51M
YoY Change 57.68% -9.15%
Operating Profit -$15.45M $8.026M
YoY Change -292.47% -146.14%
Interest Expense $2.048M $645.0K
YoY Change 217.52% -131.01%
% of Operating Profit 8.04%
Other Income/Expense, Net -$7.000K $0.00
YoY Change -100.0%
Pretax Income -$17.50M $6.413M
YoY Change -372.93% -132.92%
Income Tax -$2.000K $12.00K
% Of Pretax Income 0.19%
Net Earnings -$17.50M $6.401M
YoY Change -373.41% -132.43%
Net Earnings / Revenue -51.61% 52.29%
Basic Earnings Per Share -$0.31 $0.17
Diluted Earnings Per Share -$0.31 $0.16
COMMON SHARES
Basic Shares Outstanding 55.73M shares 37.10M shares
Diluted Shares Outstanding 55.73M shares 41.10M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.7M $22.17M
YoY Change 381.13% -77.75%
Cash & Equivalents $106.7M $22.17M
Short-Term Investments $0.00
Other Short-Term Assets $11.31M $6.728M
YoY Change 68.09% 86.89%
Inventory $3.615M $2.775M
Prepaid Expenses $4.533M $5.464M
Receivables $16.80M $7.816M
Other Receivables $0.00 $32.80M
Total Short-Term Assets $142.9M $77.72M
YoY Change 83.91% -38.39%
LONG-TERM ASSETS
Property, Plant & Equipment $1.303M $1.217M
YoY Change 7.07% -15.07%
Goodwill $21.21M $21.21M
YoY Change 0.0% 0.0%
Intangibles $50.03M $53.57M
YoY Change -6.6% -9.47%
Long-Term Investments
YoY Change
Other Assets $2.654M $240.0K
YoY Change 1005.83% -89.54%
Total Long-Term Assets $77.73M $79.48M
YoY Change -2.2% -9.69%
TOTAL ASSETS
Total Short-Term Assets $142.9M $77.72M
Total Long-Term Assets $77.73M $79.48M
Total Assets $220.7M $157.2M
YoY Change 40.37% -26.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.565M $13.25M
YoY Change -42.92% 23.87%
Accrued Expenses $21.14M $12.57M
YoY Change 68.21% 33.65%
Deferred Revenue $4.992M $3.111M
YoY Change 60.46%
Short-Term Debt $0.00 $19.40M
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $40.70M $87.65M
YoY Change -53.56% 287.6%
LONG-TERM LIABILITIES
Long-Term Debt $71.38M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $41.31M $46.20M
YoY Change -10.58% 26.23%
Total Long-Term Liabilities $112.7M $46.20M
YoY Change 143.92% -37.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.70M $87.65M
Total Long-Term Liabilities $112.7M $46.20M
Total Liabilities $153.4M $133.9M
YoY Change 14.57% -11.64%
SHAREHOLDERS EQUITY
Retained Earnings -$440.4M -$369.7M
YoY Change 19.13% 58.8%
Common Stock $1.000K $1.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $67.25M $23.29M
YoY Change
Total Liabilities & Shareholders Equity $220.7M $157.2M
YoY Change 40.37% -26.59%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$17.50M $6.401M
YoY Change -373.41% -132.43%
Depreciation, Depletion And Amortization $922.0K $2.033M
YoY Change -54.65% 16.24%
Cash From Operating Activities -$38.20M -$8.335M
YoY Change 358.3% -70.18%
INVESTING ACTIVITIES
Capital Expenditures $12.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.000M
YoY Change -100.0% -111.19%
Cash From Investing Activities -$261.0K $4.785M
YoY Change -105.45% -110.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.00K
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$1.022M -$76.84M
YoY Change -98.67% 6853.94%
NET CHANGE
Cash From Operating Activities -$38.20M -$8.335M
Cash From Investing Activities -$261.0K $4.785M
Cash From Financing Activities -$1.022M -$76.84M
Net Change In Cash -$39.59M -$80.39M
YoY Change -50.76% 6.85%
FREE CASH FLOW
Cash From Operating Activities -$38.20M -$8.335M
Capital Expenditures $12.00K $0.00
Free Cash Flow -$38.21M -$8.335M
YoY Change 358.44% -70.77%

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CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q1 us-gaap Increase Decrease In Inventories
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CY2021Q1 us-gaap Increase Decrease In Inventories
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25500000 USD
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CY2021Q1 us-gaap Increase Decrease In Prepaid Expense
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CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable
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CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
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3465000 USD
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CY2021Q1 eols Increase Decrease In Accrued Litigation Settlement
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CY2022Q1 eols Increase Decrease In Operating Lease Liabilities
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CY2021Q1 eols Increase Decrease In Operating Lease Liabilities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022Q1 us-gaap Payments For Software
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249000 USD
CY2021Q1 us-gaap Payments For Software
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215000 USD
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CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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5000000 USD
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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4785000 USD
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CY2021Q1 eols Payments Of Contingent Royalty Obligation
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CY2021Q1 eols Proceeds From Payments For Issuance Of Common Stock In Connection With Equity Incentive Plan
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-39585000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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146256000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106671000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22171000 USD
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CY2021Q1 us-gaap Interest Paid Net
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79000 USD
CY2022Q1 us-gaap Debt Conversion Converted Instrument Amount1
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0 USD
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
39808000 USD
CY2022Q1 eols Stock Issued For Accrued Litigation Settlement Expense
StockIssuedForAccruedLitigationSettlementExpense
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CY2021Q1 eols Stock Issued For Accrued Litigation Settlement Expense
StockIssuedForAccruedLitigationSettlementExpense
48421000 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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0 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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106671000 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management is required to make certain estimates and assumptions in order to prepare consolidated financial statements in conformity with GAAP. Such estimates and assumptions affect the reported consolidated financial statements. These estimates include, but are not limited to net revenues, allowance for doubtful accounts, fair value measurements, inventory valuations and stock-based compensation, among others. Management bases estimates on historical experience and on assumptions that management believes are reasonable. The Company’s actual results could differ materially from those estimates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The full impact of current global events, including the COVID-19 pandemic, rising inflation and the Ukrainian-Russian war, is unknown and cannot be reasonably estimated. However, where possible, management has considered the potential impact of COVID-19, rising inflation and the Ukrainian-Russian war, and their respective market impacts, on its estimates and assumptions, and there was not a material impact to the Company’s condensed consolidated financial statements as of and for the three months ended March 31, 2022. The Company’s future assessment of the impact of these events, as well as other factors, could result in material impacts to the Company’s financial statements in future reporting periods.</span></div>
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:10pt;padding-right:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2013, Evolus and Daewoong Pharmaceutical Co. Ltd. (“Daewoong”) entered into an agreement (the “Daewoong Agreement”), pursuant to which the Company received an exclusive distribution license to Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> from Daewoong for aesthetic indications in the United States, European Union, United Kingdom, members of the European Economic Area, Switzerland, Canada, Australia, Russia, certain members of the Commonwealth of Independent States, and South Africa, as well as co-exclusive distribution rights with Daewoong in Japan. Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is manufactured by Daewoong in a facility in South Korea. The Company also has the option to negotiate first with Daewoong to secure a distribution license for any product that Daewoong directly or indirectly develops or commercializes that is classified as an injectable botulinum toxin (other than Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">) in a territory covered by the Daewoong Agreement. The Company relies on Daewoong, its exclusive and sole supplier, to manufacture Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Any termination or loss of significant rights, including exclusivity, under the Daewoong Agreement would materially and adversely affect the Company’s commercialization of Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 9. Commitments and Contingencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 11.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Medytox/Allergan Settlement Agreements and Daewoong Arrangement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for additional information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company commercially launched Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the United States in May 2019 and in Canada through its distribution partner in October 2019 and, as such, has a limited history of sales. If any previously granted approval is retracted or the Company is denied approval or approval is delayed by any other regulators, it may have a material adverse impact on the Company’s business and its consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is also subject to risks common to companies in the pharmaceutical industry including, but not limited to, dependency on the commercial success of Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the Company’s sole commercial product, significant competition within the medical aesthetics industry, its ability to maintain regulatory approval of Jeuveau</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, third party litigation and challenges to its intellectual property, uncertainty of broad adoption of its product by physicians and patients, its ability to in-license, acquire or develop additional product candidates and to obtain the necessary approvals for those product candidates, and the need to scale manufacturing capabilities over time.</span></div>The COVID-19 pandemic continues to evolve, and the severity and magnitude of future outbreaks, could result in a period of business disruption and in reduced sales and operations. In addition, any disruption and volatility in the global capital markets caused by these or other events, such as the military conflict between Russia and Ukraine and increased inflation, may increase the Company’s cost of capital and adversely affect its ability to access financing when and on terms that the Company desires. Any of these events could have a material adverse effect on the Company’s business, financial condition, results of operations and cash flows.<div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:9pt"><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 a concentration of credit risk consist of cash and cash equivalents, short-term investments and accounts receivable. Substantially all of the Company’s cash is held by financial institutions that management believes are of high credit quality. Such deposits may, at times, exceed federally insured limits. To date, the Company has not experienced any losses associated with this credit risk and continues to believe that this exposure is not significant. The Company invests, or plans to soon invest, its excess cash, in line with its investment policy, primarily in money market funds and debt instruments of U.S. government agencies. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s accounts receivable is derived from customers located principally in the United States. Concentrations of credit risk with respect to trade receivables are limited due to the Company’s credit evaluation process. The Company does not typically require collateral from its customers. Credit losses historically have not been material. The Company continuously monitors customer payments and maintains an allowance for doubtful accounts based on its assessment of various factors including historical experience, age of the receivable balances, and other current economic conditions or other factors that may affect customers’ ability to pay.</span></div>
CY2021Q1 us-gaap Gain Loss Related To Litigation Settlement
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25500000 USD
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P5Y
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CY2021Q1 us-gaap Goodwill Impairment Loss
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CY2021Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2022Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2022Q1 us-gaap Contract With Customer Liability Current
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4992000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2022Q1 us-gaap Provision For Doubtful Accounts
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CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022Q1 us-gaap Litigation Reserve Noncurrent
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CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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6401000 USD
CY2022Q1 us-gaap Interest On Convertible Debt Net Of Tax
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CY2021Q1 us-gaap Interest On Convertible Debt Net Of Tax
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273000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2021Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Earnings Per Share Basic
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0.17
CY2022Q1 us-gaap Earnings Per Share Diluted
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CY2021Q1 us-gaap Earnings Per Share Diluted
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CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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44740000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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41546000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2022Q1 us-gaap Goodwill
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CY2022Q1 us-gaap Goodwill
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2345000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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3080000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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2987000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2955000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2955000 USD
CY2022Q1 eols Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
35710000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
50032000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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2714000 USD
CY2021Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
224000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
843000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1953000 USD
CY2022Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
9371000 USD
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
12447000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3710000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6856000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4992000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7934000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
352000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
595000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2161000 USD
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
21139000 USD
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
29993000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
25000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
25000000 USD
CY2022Q1 eols Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
25000000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
75000000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3619000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
71381000 USD
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q1 eols Lessee Operating Lease Termination Period
LesseeOperatingLeaseTerminationPeriod
P36M
CY2022Q1 eols Lessee Operating Lease Period Of Written Notice Prior To Lease Terminate Date
LesseeOperatingLeasePeriodOfWrittenNoticePriorToLeaseTerminateDate
P12M
CY2022Q1 eols Lessee Operating Lease Termination Fee Period Of Rent Equivalent
LesseeOperatingLeaseTerminationFeePeriodOfRentEquivalent
P6M
CY2022Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P60M
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
269000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
265000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
24000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
8000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
293000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
273000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
953000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1320000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1377000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
115000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3765000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
476000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3289000 USD
CY2022Q1 us-gaap Purchase Obligation
PurchaseObligation
1931000 USD
CY2020Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 complaint
CY2020Q4 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
2 plaintiff
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2022Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
56041364 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
56041364 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4361291 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.040
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1044640 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2959000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1590000 USD
CY2021Q1 eols Registration Rights Agreement Selling Period
RegistrationRightsAgreementSellingPeriod
P3M
CY2022Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
9371000 USD
CY2022Q1 us-gaap Litigation Reserve Current
LitigationReserveCurrent
5000000 USD
CY2022Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
4228000 USD
CY2021Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
2169000 USD
CY2022Q1 eols Payments For Legal Settlements Inventory
PaymentsForLegalSettlementsInventory
12635000 USD
CY2021Q1 eols Payments For Legal Settlements Inventory
PaymentsForLegalSettlementsInventory
0 USD

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