$INNV
InnovAge Holding Corp.

2023 Q1 Form 10-Q Financial Statement

#000155837023000986 Filed on February 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $172.5M $167.5M
YoY Change -2.72% -4.5%
Cost Of Revenue $143.8M $144.9M
YoY Change -3.75% 8.17%
Gross Profit $28.79M $22.57M
YoY Change 2.79% -45.48%
Gross Profit Margin 16.68% 13.48%
Selling, General & Admin $32.96M $32.59M
YoY Change 6.93% -7.31%
% of Gross Profit 114.51% 144.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.992M $3.662M
YoY Change 3.69% 11.24%
% of Gross Profit 13.87% 16.22%
Operating Expenses $32.96M $32.59M
YoY Change 6.93% -7.31%
Operating Profit -$8.169M -$13.68M
YoY Change 22.42% -563.26%
Interest Expense $405.0K $223.0K
YoY Change -42.88% -66.91%
% of Operating Profit
Other Income/Expense, Net -$506.0K $221.0K
YoY Change -15.81% -134.21%
Pretax Income -$8.675M -$13.46M
YoY Change 19.26% -683.4%
Income Tax -$1.400M -$2.900M
% Of Pretax Income
Net Earnings -$6.630M -$9.793M
YoY Change 135.02% -840.21%
Net Earnings / Revenue -3.84% -5.85%
Basic Earnings Per Share -$0.05 -$0.07
Diluted Earnings Per Share -$0.05 -$0.07
COMMON SHARES
Basic Shares Outstanding 135.6M 135.6M
Diluted Shares Outstanding 135.6M shares 135.6M

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $289.3M $244.3M
YoY Change 45.0% 12.96%
Cash & Equivalents $121.7M $99.46M
Short-Term Investments $167.6M $144.9M
Other Short-Term Assets $13.94M $12.23M
YoY Change 2.58% 4.59%
Inventory
Prepaid Expenses $13.92M $12.21M
Receivables $34.20M $38.64M
Other Receivables $254.0K $3.733M
Total Short-Term Assets $215.9M $199.5M
YoY Change -13.78% -24.99%
LONG-TERM ASSETS
Property, Plant & Equipment $214.8M $185.8M
YoY Change 31.08% 22.06%
Goodwill $124.2M $124.2M
YoY Change 0.0% 0.0%
Intangibles $5.363M $5.528M
YoY Change -38.86% -10.65%
Long-Term Investments $848.0K $848.0K
YoY Change 0.0% 0.0%
Other Assets $3.573M $3.391M
YoY Change -33.56% -14.5%
Total Long-Term Assets $353.5M $346.6M
YoY Change 14.86% 18.68%
TOTAL ASSETS
Total Short-Term Assets $215.9M $199.5M
Total Long-Term Assets $353.5M $346.6M
Total Assets $569.4M $546.1M
YoY Change 2.01% -2.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.20M $48.90M
YoY Change 15.21% 24.67%
Accrued Expenses $3.402M $3.434M
YoY Change
Deferred Revenue $26.03M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.795M $3.794M
YoY Change 0.05% 0.05%
Total Short-Term Liabilities $137.7M $106.2M
YoY Change 45.88% 18.89%
LONG-TERM LIABILITIES
Long-Term Debt $65.69M $66.53M
YoY Change -4.87% -4.81%
Other Long-Term Liabilities $1.183M $1.182M
YoY Change -53.97% -52.51%
Total Long-Term Liabilities $66.87M $67.71M
YoY Change -6.63% -6.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.7M $106.2M
Total Long-Term Liabilities $66.87M $67.71M
Total Liabilities $243.8M $214.3M
YoY Change 26.91% 13.07%
SHAREHOLDERS EQUITY
Retained Earnings -$24.77M -$18.14M
YoY Change -242.04% -202.5%
Common Stock $136.0K $136.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $306.3M $311.8M
YoY Change
Total Liabilities & Shareholders Equity $569.4M $546.1M
YoY Change 2.01% -2.13%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$6.630M -$9.793M
YoY Change 135.02% -840.21%
Depreciation, Depletion And Amortization $3.992M $3.662M
YoY Change 3.69% 11.24%
Cash From Operating Activities $29.08M -$35.12M
YoY Change -486.74% -418.72%
INVESTING ACTIVITIES
Capital Expenditures $4.697M $6.966M
YoY Change -147.46% -180.63%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$45.00M
YoY Change
Cash From Investing Activities -$4.697M -$51.97M
YoY Change -52.54% 501.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.133M -1.679M
YoY Change 31.5% 5.2%
NET CHANGE
Cash From Operating Activities 29.08M -35.12M
Cash From Investing Activities -4.697M -51.97M
Cash From Financing Activities -2.133M -1.679M
Net Change In Cash 22.25M -88.76M
YoY Change -216.85% -11436.14%
FREE CASH FLOW
Cash From Operating Activities $29.08M -$35.12M
Capital Expenditures $4.697M $6.966M
Free Cash Flow $24.38M -$42.08M
YoY Change 924.72% -314.09%

Facts In Submission

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-23023000
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-1224000
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-24247000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
317721000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
14054000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
350116000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
16431000
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
783000
CY2021Q4 innv Adjustment To Redemption Value
AdjustmentToRedemptionValue
2564000
CY2021Q4 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
2564000
CY2021Q4 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
1251000
CY2021Q4 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-145000
CY2021Q4 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1106000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
349586000
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18850000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
340979000
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
16986000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1741000
innv Adjustment To Redemption Value
AdjustmentToRedemptionValue
1977000
us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
1977000
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
8843000
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
8730000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
349586000
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18850000
us-gaap Profit Loss
ProfitLoss
-24247000
us-gaap Profit Loss
ProfitLoss
8730000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
53000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2244000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2883000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7095000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6585000
us-gaap Operating Lease Expense
OperatingLeaseExpense
2335000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
215000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
215000
us-gaap Share Based Compensation
ShareBasedCompensation
2278000
us-gaap Share Based Compensation
ShareBasedCompensation
1741000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-6381000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3380000
us-gaap Other Operating Activities Cash Flow Statement
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-424000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4980000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3589000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1631000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
209000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-3027000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-757000
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
533000
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
89000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-544000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7596000
innv Increase Decrease In Reported And Estimated Claims
IncreaseDecreaseInReportedAndEstimatedClaims
-3339000
innv Increase Decrease In Reported And Estimated Claims
IncreaseDecreaseInReportedAndEstimatedClaims
1373000
innv Increase Decrease In Due To State And Federal Health Programs
IncreaseDecreaseInDueToStateAndFederalHealthPrograms
1946000
innv Increase Decrease In Due To State And Federal Health Programs
IncreaseDecreaseInDueToStateAndFederalHealthPrograms
1739000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2260000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21990000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31577000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14632000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11681000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
45000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59632000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13681000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1452000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1154000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1895000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1894000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3347000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3048000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-84969000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14848000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184446000
CY2022Q4 innv Marketable Securities Cumulative Gross Unrealized Gain
MarketableSecuritiesCumulativeGrossUnrealizedGain
424000
CY2021Q4 us-gaap Depreciation
Depreciation
2800000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
203700000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99477000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218548000
us-gaap Interest Paid Net
InterestPaidNet
1726000
us-gaap Interest Paid Net
InterestPaidNet
984000
us-gaap Income Taxes Paid
IncomeTaxesPaid
13000
us-gaap Income Taxes Paid
IncomeTaxesPaid
84000
innv Property And Equipment Included In Accounts Payable
PropertyAndEquipmentIncludedInAccountsPayable
53000
innv Property And Equipment Included In Accounts Payable
PropertyAndEquipmentIncludedInAccountsPayable
1004000
innv Property And Equipment Purchased Under Capital Leases
PropertyAndEquipmentPurchasedUnderCapitalLeases
1541000
innv Property And Equipment Purchased Under Capital Leases
PropertyAndEquipmentPurchasedUnderCapitalLeases
5653000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
249335000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
233345000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
63561000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57085000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
185774000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
176260000
CY2022Q4 us-gaap Depreciation
Depreciation
3300000
us-gaap Depreciation
Depreciation
6500000
innv Equity Securities Increase Decrease From Observable Price Changes
EquitySecuritiesIncreaseDecreaseFromObservablePriceChanges
0
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9000000.0
CY2019Q1 us-gaap Land
Land
4200000
us-gaap Depreciation
Depreciation
6100000
innv Percentage Of Pooled Capitated Payment Received
PercentageOfPooledCapitatedPaymentReceived
1
innv Amortization Term Of Cost To Obtain Contract
AmortizationTermOfCostToObtainContract
P3Y
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
500000
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4200000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3400000
CY2022Q4 innv Cost Method Investment
CostMethodInvestment
4645000
CY2022Q2 innv Cost Method Investment
CostMethodInvestment
4645000
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
848000
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
848000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
5493000
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
5493000
CY2022Q4 innv Number Of Investments Accounted Under Cost Method
NumberOfInvestmentsAccountedUnderCostMethod
2
innv Equity Securities Increase Decrease From Observable Price Changes
EquitySecuritiesIncreaseDecreaseFromObservablePriceChanges
0
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
14100000
CY2022Q4 innv Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
144460000
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
144884000
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
99460000
CY2022Q4 innv Short Term Investments Fair Value Disclosure
ShortTermInvestmentsFairValueDisclosure
45424000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
14100000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2022Q4 us-gaap Goodwill
Goodwill
124200000
CY2022Q2 us-gaap Goodwill
Goodwill
124200000
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6600000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6600000
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2000000
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2000000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
8600000
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
8600000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3072000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2742000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5528000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5858000
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22223000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
11153000
CY2022Q4 innv Right Of Use Asset
RightOfUseAsset
33376000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4263000
CY2022Q4 innv Lease Liability Payments Due Next Twelve Months
LeaseLiabilityPaymentsDueNextTwelveMonths
8805000
us-gaap Lease Cost
LeaseCost
4821000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0661
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0853
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2552000
CY2022Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2580000
CY2022Q4 innv Lease Liability Payments Remainder Of Fiscal Year
LeaseLiabilityPaymentsRemainderOfFiscalYear
5132000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4542000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4122000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4136000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3480000
CY2022Q4 innv Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
7616000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4061000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2456000
CY2022Q4 innv Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
6517000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3764000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1760000
CY2022Q4 innv Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
5524000
CY2022Q4 innv Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
10302000
CY2022Q4 innv Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
686000
CY2022Q4 innv Lease Liability Payments Due After Year Four
LeaseLiabilityPaymentsDueAfterYearFour
10988000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29357000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
15225000
CY2022Q4 innv Lease Liability Payments Due
LeaseLiabilityPaymentsDue
44582000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5889000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2329000
CY2022Q4 innv Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
8218000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23468000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
12896000
CY2022Q4 innv Lease Liability
LeaseLiability
36364000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3434000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3864000
CY2022Q4 innv Lease Liability Current
LeaseLiabilityCurrent
7298000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20034000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9032000
CY2022Q4 innv Lease Liability Noncurrent
LeaseLiabilityNoncurrent
29066000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
4873000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
4405000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
3126000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4061000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
2092000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4581000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
3909000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3764000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
1393000
CY2022Q2 innv Operating Leases Future Minimum Payments Due After Year Four
OperatingLeasesFutureMinimumPaymentsDueAfterYearFour
10265000
CY2022Q2 innv Capital Leases Future Minimum Payments Due After Year Four
CapitalLeasesFutureMinimumPaymentsDueAfterYearFour
535000
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
31666000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
15460000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
2652000
CY2022Q2 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
12808000
CY2022Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
3368000
CY2022Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
9440000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
71681000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
73577000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-1359000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-1574000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3794000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
3793000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
66528000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
68210000
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2512000
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1741000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1212000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
783000
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2900000
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4200000
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.209
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.325
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.209
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.325
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4100000
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4100000
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
424316
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14076
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-9793000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
1323000
us-gaap Net Income Loss
NetIncomeLoss
-22866000
us-gaap Net Income Loss
NetIncomeLoss
9009000
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135578888
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135516513
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135572503
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135516513
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135578888
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135516513
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135572503
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135516513
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
35000

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