2019 Q1 Form 10-K Financial Statement

#000102265219000012 Filed on March 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 2017 Q4
Revenue $48.56M $202.5M $46.53M
YoY Change 3.9% -7.68% -12.07%
Cost Of Revenue $33.80M $131.9M $30.70M
YoY Change 8.36% -13.22% -30.07%
Gross Profit $14.76M $70.60M $17.55M
YoY Change -5.04% 4.84% 95.35%
Gross Profit Margin 30.4% 34.87% 37.71%
Selling, General & Admin $12.87M $48.35M $11.80M
YoY Change 8.02% -18.65% -49.57%
% of Gross Profit 87.16% 68.49% 67.24%
Research & Development $3.485M $20.59M $4.600M
YoY Change -29.96% -3.6% -28.13%
% of Gross Profit 23.61% 29.17% 26.21%
Depreciation & Amortization $3.439M $13.73M $3.170M
YoY Change -11.53% -3.79% -1.25%
% of Gross Profit 23.3% 19.45% 18.06%
Operating Expenses $17.22M $56.59M $17.30M
YoY Change -5.0% -36.81% -43.83%
Operating Profit -$2.461M $14.01M $248.0K
YoY Change -4.76% -163.07% -101.14%
Interest Expense -$5.075M -$20.44M -$5.100M
YoY Change -0.49% 5.75% 30.77%
% of Operating Profit -145.91% -2056.45%
Other Income/Expense, Net $313.0K -$895.0K -$700.0K
YoY Change 389.06% -78.06% 16.67%
Pretax Income -$7.223M -$7.328M -$5.000M
YoY Change -5.21% -83.94% -81.2%
Income Tax $200.0K $815.0K -$100.0K
% Of Pretax Income
Net Earnings -$7.485M -$8.058M -$3.800M
YoY Change -7.02% -82.38% -86.13%
Net Earnings / Revenue -15.42% -3.98% -8.17%
Basic Earnings Per Share
Diluted Earnings Per Share -$100.8K -$122.5K -$62.91K
COMMON SHARES
Basic Shares Outstanding 74.28M shares 58.28M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.90M $31.00M $21.20M
YoY Change 98.14% 46.23% 114.14%
Cash & Equivalents $31.88M $31.00M $21.20M
Short-Term Investments
Other Short-Term Assets $6.000M $6.300M $9.200M
YoY Change 5.26% -31.52% 76.92%
Inventory $33.29M $26.40M $20.40M
Prepaid Expenses
Receivables $23.68M $20.60M $15.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $94.80M $84.40M $66.44M
YoY Change 70.44% 27.11% -2.94%
LONG-TERM ASSETS
Property, Plant & Equipment $6.976M $12.50M $6.991M
YoY Change 1.75% -14.38% -16.69%
Goodwill $32.78M $37.68M
YoY Change -16.56% 9.45%
Intangibles $34.03M $38.67M
YoY Change -11.78% -4.0%
Long-Term Investments
YoY Change
Other Assets $510.0K $500.0K $864.0K
YoY Change -41.45% -44.44% 430.06%
Total Long-Term Assets $82.80M $77.90M $91.77M
YoY Change -11.13% -15.14% 1.66%
TOTAL ASSETS
Total Short-Term Assets $94.80M $84.40M $66.44M
Total Long-Term Assets $82.80M $77.90M $91.77M
Total Assets $177.6M $162.3M $158.2M
YoY Change 19.36% 2.59% -0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.73M $39.20M $29.33M
YoY Change 110.0% 33.79% -6.11%
Accrued Expenses $17.42M $11.00M $27.56M
YoY Change -51.79% -57.03% -1.22%
Deferred Revenue
YoY Change
Short-Term Debt $1.200M $1.400M $3.200M
YoY Change -61.29% -56.25% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.39M $53.70M $59.97M
YoY Change 3.11% -10.5% -3.87%
LONG-TERM LIABILITIES
Long-Term Debt $140.5M $138.1M $128.8M
YoY Change 7.01% 7.22% 41.69%
Other Long-Term Liabilities $3.871M $2.500M $9.768M
YoY Change 128.11% -74.49% -47.82%
Total Long-Term Liabilities $3.871M $140.6M $9.768M
YoY Change 128.11% 1.44% -47.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.39M $53.70M $59.97M
Total Long-Term Liabilities $3.871M $140.6M $9.768M
Total Liabilities $210.2M $198.6M $203.8M
YoY Change 6.14% -2.55% 15.52%
SHAREHOLDERS EQUITY
Retained Earnings -$585.3M -$569.8M
YoY Change 1.3% 8.73%
Common Stock $79.00K $59.00K
YoY Change 33.9% 9.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$32.48M -$36.40M -$45.57M
YoY Change
Total Liabilities & Shareholders Equity $177.6M $162.3M $158.2M
YoY Change 19.36% 2.59% -0.32%

Cashflow Statement

Concept 2019 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$7.485M -$8.058M -$3.800M
YoY Change -7.02% -82.38% -86.13%
Depreciation, Depletion And Amortization $3.439M $13.73M $3.170M
YoY Change -11.53% -3.79% -1.25%
Cash From Operating Activities -$5.033M -$1.765M $210.0K
YoY Change 14.91% -87.89% -103.17%
INVESTING ACTIVITIES
Capital Expenditures $428.0K $1.338M -$640.0K
YoY Change 31.29% -25.21% -53.62%
Acquisitions
YoY Change
Other Investing Activities $50.00K $140.0K $70.00K
YoY Change 66.67% -44.0% -70.83%
Cash From Investing Activities -$4.320M -$4.234M -$570.0K
YoY Change 404.67% -3.22% -50.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $10.62M $17.67M 500.0K
YoY Change -8271.54% -41.82% 150.0%
NET CHANGE
Cash From Operating Activities -$5.033M -$1.765M 210.0K
Cash From Investing Activities -$4.320M -$4.234M -570.0K
Cash From Financing Activities $10.62M $17.67M 500.0K
Net Change In Cash $863.0K $9.817M 140.0K
YoY Change -116.97% -13.62% -101.85%
FREE CASH FLOW
Cash From Operating Activities -$5.033M -$1.765M $210.0K
Capital Expenditures $428.0K $1.338M -$640.0K
Free Cash Flow -$5.461M -$3.103M $850.0K
YoY Change 16.04% -81.04% -116.19%

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58644559 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
73979882 shares
CY2017Q4 us-gaap Common Stock Value
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59000 USD
CY2018Q4 us-gaap Common Stock Value
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74000 USD
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-39827000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
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-17624000 USD
CY2017Q4 us-gaap Convertible Debt Noncurrent
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84773000 USD
CY2018Q4 us-gaap Convertible Debt Noncurrent
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93054000 USD
CY2017 us-gaap Cost Of Revenue
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151962000 USD
CY2018 us-gaap Cost Of Revenue
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131866000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-760000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
551000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
766000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-105000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
801000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
104000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
35000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-117000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
436000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
319000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
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10633000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
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6284000 USD
CY2017Q4 us-gaap Deferred Revenue
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1823000 USD
CY2018Q4 us-gaap Deferred Revenue
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2048000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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4610000 USD
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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1426000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1034000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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3040000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1218000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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1921000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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0 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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92844000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
93844000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
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5261000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
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4457000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense
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0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense
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1799000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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6280000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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4485000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
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4353000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Other
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0 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
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500000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
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400000 USD
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.06
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.50
CY2017 us-gaap Depreciation
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8000000 USD
CY2018 us-gaap Depreciation
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7000000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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14274000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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13733000 USD
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-0.13
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-0.11
CY2018Q3 us-gaap Earnings Per Share Basic
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0.16
CY2018Q4 us-gaap Earnings Per Share Basic
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-0.06
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.28
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-0.21
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
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-0.23
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
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-0.06
CY2017 us-gaap Earnings Per Share Basic And Diluted
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-0.78
CY2018 us-gaap Earnings Per Share Basic And Diluted
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-0.12
CY2018Q1 us-gaap Earnings Per Share Diluted
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-0.13
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CY2018Q3 us-gaap Earnings Per Share Diluted
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0.15
CY2018Q4 us-gaap Earnings Per Share Diluted
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-0.06
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-50000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-1851000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 us-gaap Employee Related Liabilities Current
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2870000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
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2415000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
25473000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22101000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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3967000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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7780000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3572000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
24000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
815000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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16364000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2878000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-971000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
336000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5424000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7060000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
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63352000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
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52944000 USD
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37879000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
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30843000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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200000 USD
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ForeignCurrencyTransactionGainLossBeforeTax
-400000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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316000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-402000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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-2035000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap General And Administrative Expense
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34415000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25325000 USD
CY2016Q4 us-gaap Goodwill
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34428000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
37681000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
32942000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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3253000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-4739000 USD
CY2017Q1 us-gaap Gross Profit
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16186000 USD
CY2017Q2 us-gaap Gross Profit
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17229000 USD
CY2017Q3 us-gaap Gross Profit
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16372000 USD
CY2017Q4 us-gaap Gross Profit
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17548000 USD
CY2017 us-gaap Gross Profit
GrossProfit
67335000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
15543000 USD
CY2018Q2 us-gaap Gross Profit
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17657000 USD
CY2018Q3 us-gaap Gross Profit
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17604000 USD
CY2018Q4 us-gaap Gross Profit
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19793000 USD
CY2018 us-gaap Gross Profit
GrossProfit
70597000 USD
CY2017 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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400000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2017 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
300000 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
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100000 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
700000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-40034000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-7335000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-45626000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7328000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5592000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
7000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-45626000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7328000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
214000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-15513000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1555000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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876000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
121000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
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-423000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-209000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-211000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
27000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
244000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
471000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
440000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
672000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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-730000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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9646000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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-5638000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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6883000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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-8744000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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-3037000 USD
CY2017 us-gaap Increase Decrease In Inventories
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-3020000 USD
CY2018 us-gaap Increase Decrease In Inventories
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11437000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3239000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-3251000 USD
CY2017 us-gaap Increase Decrease In Restricted Cash
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0 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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38671000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
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31985000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
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-19332000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
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-20444000 USD
CY2017 us-gaap Interest Paid Net
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9074000 USD
CY2018 us-gaap Interest Paid Net
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10642000 USD
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239000 USD
CY2018Q4 us-gaap Interest Payable Current
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239000 USD
CY2017Q4 us-gaap Inventory Finished Goods
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14331000 USD
CY2018Q4 us-gaap Inventory Finished Goods
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14797000 USD
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20403000 USD
CY2018Q4 us-gaap Inventory Net
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26431000 USD
CY2017Q4 us-gaap Inventory Raw Materials
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6072000 USD
CY2018Q4 us-gaap Inventory Raw Materials
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11634000 USD
CY2017 us-gaap Inventory Write Down
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1674000 USD
CY2018 us-gaap Inventory Write Down
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1040000 USD
CY2017Q4 us-gaap Liabilities
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203822000 USD
CY2018Q4 us-gaap Liabilities
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198781000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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158207000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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162256000 USD
CY2017Q4 us-gaap Liabilities Current
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59965000 USD
CY2018Q4 us-gaap Liabilities Current
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53681000 USD
CY2017Q4 us-gaap Lines Of Credit Current
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3075000 USD
CY2018Q4 us-gaap Lines Of Credit Current
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1412000 USD
CY2018Q3 us-gaap Litigation Settlement Amount Awarded To Other Party
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1000000 USD
CY2018Q4 us-gaap Long Term Debt
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152625000 USD
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0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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104875000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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47750000 USD
CY2017Q4 us-gaap Minority Interest
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-50000 USD
CY2018Q4 us-gaap Minority Interest
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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30366000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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17667000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-4234000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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-14576000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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-1765000 USD
CY2017 us-gaap Net Income Loss
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-45735000 USD
CY2018 us-gaap Net Income Loss
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-8058000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-105000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-85000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-16100000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12024000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13789000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3822000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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-45735000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-8050000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-6660000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10843000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-4191000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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-8058000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Business Combination
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19000 USD
CY2018 us-gaap Number Of Reportable Segments
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1 Segments
CY2017 us-gaap Operating Expenses
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89549000 USD
CY2018 us-gaap Operating Expenses
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56586000 USD
CY2017 us-gaap Operating Income Loss
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-22214000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
14011000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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5129000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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2666000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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95000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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341000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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645000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1382000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2017 us-gaap Operating Leases Rent Expense Net
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2700000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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864000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
510000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
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2100000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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6093000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5081000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6013000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-9481000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6013000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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0 USD
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500000 USD
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0.001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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2000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9101000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6212000 USD
CY2017 us-gaap Proceeds From Issuance Of Debt
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64917000 USD
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2018 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
19661000 USD
CY2017 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-76000 USD
CY2018 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-1453000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
253000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
144000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25134000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6991000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
-45840000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
-8143000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35129000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6698000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1618000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
555000 USD
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
876000 USD
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
977000 USD
CY2017 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
288000 USD
CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
316000 USD
CY2017 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
20000000 USD
CY2018 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
500000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21362000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20593000 USD
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
61000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
61000 USD
CY2018Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
11339000 USD
CY2018 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
1191000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
5152000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
1191000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
1534000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
634000 USD
CY2018Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
400000 USD
CY2018Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
200000 USD
CY2018 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-23000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-569759000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-577817000 USD
CY2017Q1 us-gaap Revenues
Revenues
55389000 USD
CY2017Q2 us-gaap Revenues
Revenues
59913000 USD
CY2017Q3 us-gaap Revenues
Revenues
57461000 USD
CY2017Q4 us-gaap Revenues
Revenues
46534000 USD
CY2017 us-gaap Revenues
Revenues
219297000 USD
CY2018Q1 us-gaap Revenues
Revenues
46733000 USD
CY2018Q2 us-gaap Revenues
Revenues
49057000 USD
CY2018Q3 us-gaap Revenues
Revenues
50630000 USD
CY2018Q4 us-gaap Revenues
Revenues
56043000 USD
CY2018 us-gaap Revenues
Revenues
202463000 USD
CY2018Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
19700000 USD
CY2018Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
12062000 shares
CY2017Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
44055000 USD
CY2018Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
45046000 USD
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
25019000 USD
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
23027000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
3748000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
4876000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2748498 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.30
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1265432 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.80
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
5106892 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
19124000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6566483 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8796212 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.77
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.10
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
16269000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
7407752 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.10
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.25
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.18
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6145000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y5M16D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y5M10D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y3M1D
CY2017 us-gaap Stock Issued1
StockIssued1
2638000 USD
CY2018 us-gaap Stock Issued1
StockIssued1
0 USD
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
232038 shares
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
282101 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
146039 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1611731 shares
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5078000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20086000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-45565000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-36390000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-17727000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-45615000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-36525000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36291000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36582000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
36906000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
291000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
324000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
16400000 USD
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
66104376 shares
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2900000 USD
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
58718483 shares
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Prior Period Reclassifications</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in prior periods have been reclassified to conform with current period presentation.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent liabilities. Actual results could differ materially from these estimates. Significant estimates include </font><font style="font-family:inherit;font-size:10pt;">allowance for doubtful accounts receivable, provision for excess and obsolete inventory, valuation of intangible and long-lived assets, valuation of goodwill, valuation of debt obligations, royalty costs, tariffs, accruals relating to litigation and restructuring, provision for warranty costs, income taxes, share-based compensation expense and the Company&#8217;s ability to continue as a going concern.</font></div></div>

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