2022 Q3 Form 10-Q Financial Statement

#000162828022022530 Filed on August 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $192.0K $686.0K $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $192.0K
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $7.796M $8.697M $9.290M
YoY Change 131.75% 121.19% 252.96%
% of Gross Profit 4060.42%
Research & Development $20.13M $16.17M $12.90M
YoY Change 162.34% 159.8% 128.2%
% of Gross Profit 10482.81%
Depreciation & Amortization $358.0K $261.0K $196.0K
YoY Change -11.39% 94.78% 50.77%
% of Gross Profit 186.46%
Operating Expenses $27.92M $24.86M $22.19M
YoY Change 153.02% 144.85% 167.84%
Operating Profit -$27.73M -$24.18M -$22.19M
YoY Change 151.28% 138.09% 167.84%
Interest Expense $781.0K $685.0K $29.00K
YoY Change -102.04% -111.21% -49.12%
% of Operating Profit
Other Income/Expense, Net -$3.866M $8.588M $16.48M
YoY Change 92.91% -110.7% -111.24%
Pretax Income -$31.60M -$15.59M -$5.709M
YoY Change -38.44% 129.91% -161.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$31.60M -$15.59M -$5.709M
YoY Change -38.44% -82.76% -96.31%
Net Earnings / Revenue -16456.77% -2272.3%
Basic Earnings Per Share -$0.21 -$0.10 -$0.04
Diluted Earnings Per Share -$0.21 -$0.10 -$0.04
COMMON SHARES
Basic Shares Outstanding 153.3M shares 152.7M shares 151.7M shares
Diluted Shares Outstanding 152.9M shares 152.7M shares 151.7M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.7M $192.2M $212.3M
YoY Change 1979.29% 640446.67% 66253.44%
Cash & Equivalents $42.90M $112.7M $212.3M
Short-Term Investments $123.8M $79.46M
Other Short-Term Assets $4.425M $4.663M $5.573M
YoY Change -42.7% 2019.55% 2222.08%
Inventory
Prepaid Expenses
Receivables $80.00K $2.490M $2.928M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $171.2M $199.4M $220.8M
YoY Change 987.81% 78995.32% 38642.46%
LONG-TERM ASSETS
Property, Plant & Equipment $15.95M $12.46M $10.06M
YoY Change 694.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $305.0K $234.0K $261.0K
YoY Change 306.67% 474.35% -99.9%
Total Long-Term Assets $20.62M $16.75M $14.65M
YoY Change 890.44% -93.3% -94.14%
TOTAL ASSETS
Total Short-Term Assets $171.2M $199.4M $220.8M
Total Long-Term Assets $20.62M $16.75M $14.65M
Total Assets $191.9M $216.1M $235.5M
YoY Change 976.44% -13.66% -6.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.091M $1.435M $1.745M
YoY Change -64.08% 329.56% 4262.5%
Accrued Expenses $14.30M $9.959M $6.598M
YoY Change 211.23% 10065.36% 3781.18%
Deferred Revenue $3.546M $6.803M $6.859M
YoY Change 14.09%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.306M $2.828M $1.817M
YoY Change -90.15%
Total Short-Term Liabilities $22.13M $22.01M $18.35M
YoY Change -28.74% 4037.72% 8239.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.483M
YoY Change -100.0%
Other Long-Term Liabilities $91.00K $96.00K $101.0K
YoY Change -99.96% -99.64% -99.51%
Total Long-Term Liabilities $91.00K $96.00K $1.584M
YoY Change -99.96% -99.64% -92.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.13M $22.01M $18.35M
Total Long-Term Liabilities $91.00K $96.00K $1.584M
Total Liabilities $33.60M $29.27M $36.04M
YoY Change -88.23% 7.35% 72.91%
SHAREHOLDERS EQUITY
Retained Earnings -$593.5M -$561.9M -$546.3M
YoY Change 31370.97% -11028.28%
Common Stock $16.00K $16.00K $16.00K
YoY Change -99.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $158.3M $186.9M $199.4M
YoY Change
Total Liabilities & Shareholders Equity $191.9M $216.1M $235.5M
YoY Change 976.44% -13.66% -6.06%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$31.60M -$15.59M -$5.709M
YoY Change -38.44% -82.76% -96.31%
Depreciation, Depletion And Amortization $358.0K $261.0K $196.0K
YoY Change -11.39% 94.78% 50.77%
Cash From Operating Activities -$22.09M -$15.16M -$19.37M
YoY Change -20.84% 5127.24% 198.84%
INVESTING ACTIVITIES
Capital Expenditures -$2.723M -$4.422M $4.041M
YoY Change 845.49% 2938.35%
Acquisitions
YoY Change
Other Investing Activities -$43.87M -$79.60M
YoY Change
Cash From Investing Activities -$46.59M -$84.02M -$4.041M
YoY Change 16077.43% 2938.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -534.0K -443.0K -$3.244M
YoY Change -101.69% -127.31%
NET CHANGE
Cash From Operating Activities -22.09M -15.16M -$19.37M
Cash From Investing Activities -46.59M -84.02M -$4.041M
Cash From Financing Activities -534.0K -443.0K -$3.244M
Net Change In Cash -69.21M -99.62M -$26.66M
YoY Change -2161.72% 34252.76% -606.63%
FREE CASH FLOW
Cash From Operating Activities -$22.09M -$15.16M -$19.37M
Capital Expenditures -$2.723M -$4.422M $4.041M
Free Cash Flow -$19.36M -$10.74M -$23.42M
YoY Change -29.88% 253.91%

Facts In Submission

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TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
13000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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231000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-90442000 usd
CY2021Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-242349000 usd
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2021Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
205159000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
47000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2808000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2760000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-5709000 usd
CY2022Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2022Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
199449000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
48000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2945000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-15588000 usd
CY2022Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2022Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
186854000 usd
us-gaap Net Income Loss
NetIncomeLoss
-21297000 usd
us-gaap Net Income Loss
NetIncomeLoss
-245360000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
463000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
264000 usd
ghw Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
555000 usd
ghw Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5705000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
360000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-162000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-23823000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
14804000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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ghw Proceeds From Payments For Contingent Consideration Liability Operating Activities
ProceedsFromPaymentsForContingentConsiderationLiabilityOperatingActivities
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ghw Proceeds From Payments For Contingent Consideration Liability Operating Activities
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1841000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1336000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2597000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1382000 usd
ghw Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
1961000 usd
ghw Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
2948000 usd
ghw Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
1158000 usd
ghw Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-687000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
74000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1141000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34533000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15024000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8463000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
173000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
79599000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-173000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
967000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
198000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
95000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
654000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2808000 usd
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 usd
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
11461000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3687000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11917000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126282000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3280000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240232000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6394000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113950000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3114000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
806000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
556000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
47000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4534000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
123000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
ghw Noncash Or Partial Noncash Transaction Extinguishment Of Derivative Liabilities Upon Sale Of Equity
NoncashOrPartialNoncashTransactionExtinguishmentOfDerivativeLiabilitiesUponSaleOfEquity
0 usd
ghw Noncash Or Partial Noncash Transaction Extinguishment Of Derivative Liabilities Upon Sale Of Equity
NoncashOrPartialNoncashTransactionExtinguishmentOfDerivativeLiabilitiesUponSaleOfEquity
18055000 usd
ghw Noncash Or Partial Noncash Transaction Extinguishment Of Warrant Liabilities Upon Exercise Of Redeemable Convertible Preferred Stock Warrants
NoncashOrPartialNoncashTransactionExtinguishmentOfWarrantLiabilitiesUponExerciseOfRedeemableConvertiblePreferredStockWarrants
0 usd
ghw Noncash Or Partial Noncash Transaction Extinguishment Of Warrant Liabilities Upon Exercise Of Redeemable Convertible Preferred Stock Warrants
NoncashOrPartialNoncashTransactionExtinguishmentOfWarrantLiabilitiesUponExerciseOfRedeemableConvertiblePreferredStockWarrants
369000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
112708000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1822000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1167000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1217000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
75000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
75000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113950000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3114000 usd
CY2021Q4 ghw Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.0147
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Certain prior year amounts have been reclassified to conform with current year presentation.</span>
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates—The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies as of the date of the condensed consolidated financial statements and the reported amounts of expenses during the reporting periods. Such estimates relate to, among others, the useful lives and assessment of recoverability of property and equipment, deferred tax assets valuation, determination of the fair value of the Company’s investments, earnout warrant liabilities and private warrants, product warranty liabilities, as well as other accruals. These estimates are based on historical trends, market pricing, current events and other relevant assumptions and data points. Actual results could differ from those estimates and such differences may be material to the condensed consolidated financial statements.
CY2022Q2 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-185000 usd
us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-185000 usd
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
1235000 usd
CY2021Q4 ghw Common Stock And Preferred Stock Shares Authorized
CommonStockAndPreferredStockSharesAuthorized
2200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15588000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-15588000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-90442000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-90442000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21297000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21297000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-245360000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-245360000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152723980 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152723980 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67132287 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67132287 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152206773 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152206773 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64427702 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64427702 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.35
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.81
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20617562 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8018127 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20617562 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8018127 shares
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3482000 usd
CY2022Q2 us-gaap Supplies
Supplies
2039000 usd
CY2021Q4 us-gaap Supplies
Supplies
1103000 usd
CY2022Q2 ghw Other Prepaid Expense And Other Assets Current
OtherPrepaidExpenseAndOtherAssetsCurrent
222000 usd
CY2021Q4 ghw Other Prepaid Expense And Other Assets Current
OtherPrepaidExpenseAndOtherAssetsCurrent
259000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3496000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4844000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14379000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6221000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1918000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1720000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12461000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4501000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
261000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
134000 usd
us-gaap Depreciation
Depreciation
457000 usd
us-gaap Depreciation
Depreciation
264000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2351000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1876000 usd
CY2022Q2 ghw Materials And Related Purchases Current
MaterialsAndRelatedPurchasesCurrent
4289000 usd
CY2021Q4 ghw Materials And Related Purchases Current
MaterialsAndRelatedPurchasesCurrent
2108000 usd
CY2022Q2 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
0 usd
CY2021Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
142000 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
816000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1820000 usd
CY2022Q2 ghw Other Accrued Liability And Other Liabilities Current
OtherAccruedLiabilityAndOtherLiabilitiesCurrent
989000 usd
CY2021Q4 ghw Other Accrued Liability And Other Liabilities Current
OtherAccruedLiabilityAndOtherLiabilitiesCurrent
541000 usd
CY2022Q2 ghw Accrued Liabilities And Other Current Liabilities
AccruedLiabilitiesAndOtherCurrentLiabilities
8445000 usd
CY2021Q4 ghw Accrued Liabilities And Other Current Liabilities
AccruedLiabilitiesAndOtherCurrentLiabilities
6487000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
0 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1805000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
647000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1158000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P60M
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
371000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
741000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.075
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
582000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
141000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
23000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4609000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
818000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
14000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1670000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
30000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1720000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
30000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
983000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
30000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
30000 usd
CY2022Q2 ghw Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
0 usd
CY2022Q2 ghw Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
7000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5191000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
118000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
2828000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3769000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2828000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1900000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1869000 usd
CY2022Q2 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
75000 usd
CY2021Q4 ghw Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.0147
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-73847000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-211988000 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
11461247 shares
ghw Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
0 shares
ghw Class Of Warrant Or Right Exercises In Period
ClassOfWarrantOrRightExercisesInPeriod
20 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
11461227 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2945000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
231000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5705000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
360000 usd
CY2022Q2 ghw Share Based Compensation Arrangement By Share Based Payment Award Potential Increase In Shares Authorized Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardPotentialIncreaseInSharesAuthorizedNumber
15260000 shares
CY2022Q2 ghw Share Based Compensation Arrangement By Share Based Payment Awards Potential Increase In Shares Authorized Percentage Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardsPotentialIncreaseInSharesAuthorizedPercentageOfSharesOutstanding
0.05
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
17610000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
11875872 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3796530 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.83
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y29D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
40274000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
65717 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.00
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
306095 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.14
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
43819 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.40
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3512333 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.02
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M9D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6292000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1827374 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.31
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y2M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
20337000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1732878 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.66
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y4M13D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
3730000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26361000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y11M15D
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
234607000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
234607000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
686000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3663000 usd
ghw Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
3826000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
686000 usd
ghw Contract With Customer Liability Change In Estimate Of Variable Consideration
ContractWithCustomerLiabilityChangeInEstimateOfVariableConsideration
0 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6803000 usd
CY2022Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
57000 usd

Files In Submission

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0001628280-22-022530-index-headers.html Edgar Link pending
0001628280-22-022530-index.html Edgar Link pending
0001628280-22-022530.txt Edgar Link pending
0001628280-22-022530-xbrl.zip Edgar Link pending
exhibit311-ceocertq22022.htm Edgar Link pending
exhibit312-cfocertq22022.htm Edgar Link pending
exhibit321-ceocertq22022.htm Edgar Link pending
exhibit322-cfocertq22022.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ghw-20220630.htm Edgar Link pending
ghw-20220630.xsd Edgar Link pending
ghw-20220630_g1.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
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ghw-20220630_cal.xml Edgar Link unprocessable
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ghw-20220630_htm.xml Edgar Link completed
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