2022 Q1 Form 10-Q Financial Statement

#000110450622000014 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $53.11M $56.12M $40.21M
YoY Change 32.06% 35.5% 9.1%
Cost Of Revenue $12.19M $13.29M $9.844M
YoY Change 23.84% 22.36% 16.66%
Gross Profit $40.92M $42.84M $30.37M
YoY Change 34.73% 40.22% 6.85%
Gross Profit Margin 77.04% 76.32% 75.52%
Selling, General & Admin $56.75M $65.27M $51.55M
YoY Change 10.08% 16.5% 0.39%
% of Gross Profit 138.69% 152.36% 169.74%
Research & Development $84.36M $76.35M $61.39M
YoY Change 37.41% 12.6% 69.66%
% of Gross Profit 206.17% 178.24% 202.14%
Depreciation & Amortization $1.286M $3.650M $2.388M
YoY Change -46.15% -4.95% 5.38%
% of Gross Profit 3.14% 8.52% 7.86%
Operating Expenses $84.36M $142.9M $61.39M
YoY Change 37.41% 14.22% 69.66%
Operating Profit -$89.83M -$100.0M -$83.83M
YoY Change 7.16% 5.82% 38.9%
Interest Expense $3.291M -$11.29M $7.559M
YoY Change -56.46% 51.12% 2.0%
% of Operating Profit
Other Income/Expense, Net -$1.249M -$2.652M -$43.00K
YoY Change 2804.65% -731.43% -219.44%
Pretax Income -$94.24M -$113.0M -$91.40M
YoY Change 3.1% 11.25% 37.8%
Income Tax $400.0K -$41.00K $200.0K
% Of Pretax Income
Net Earnings -$94.62M -$113.0M -$91.64M
YoY Change 3.25% 10.54% 38.09%
Net Earnings / Revenue -178.17% -201.3% -227.88%
Basic Earnings Per Share -$0.80 -$0.89
Diluted Earnings Per Share -$0.80 -$952.8K -$0.89
COMMON SHARES
Basic Shares Outstanding 118.9M shares 118.4M shares 103.0M shares
Diluted Shares Outstanding 118.9M shares 103.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $635.1M $766.8M $409.8M
YoY Change 54.98% 43.92% -4.45%
Cash & Equivalents $515.7M $716.8M $409.8M
Short-Term Investments $119.4M $50.00M
Other Short-Term Assets $31.15M $28.90M $21.60M
YoY Change 44.23% 20.41% 36.71%
Inventory $64.15M $67.01M $52.06M
Prepaid Expenses
Receivables $25.72M $24.35M $17.63M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $756.1M $837.0M $501.0M
YoY Change 50.92% 34.38% 1.72%
LONG-TERM ASSETS
Property, Plant & Equipment $52.68M $52.96M $52.68M
YoY Change -0.02% -1.85% -10.15%
Goodwill $136.1M $136.1M
YoY Change
Intangibles
YoY Change
Long-Term Investments $29.55M $50.04M
YoY Change
Other Assets $57.20M $50.99M $46.40M
YoY Change 23.28% 90.26% 111.87%
Total Long-Term Assets $397.2M $406.5M $191.4M
YoY Change 107.52% 134.6% 4.01%
TOTAL ASSETS
Total Short-Term Assets $756.1M $837.0M $501.0M
Total Long-Term Assets $397.2M $406.5M $191.4M
Total Assets $1.153B $1.244B $692.4M
YoY Change 66.57% 56.19% 2.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.57M $35.78M $22.42M
YoY Change 116.62% -16.5% 23.28%
Accrued Expenses $53.29M $60.67M $41.29M
YoY Change 29.06% 60.46% 26.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $125.0K $609.0K $1.100M
YoY Change -88.64% -44.64% -15.38%
Total Short-Term Liabilities $125.2M $135.2M $81.40M
YoY Change 53.87% 13.77% 13.79%
LONG-TERM LIABILITIES
Long-Term Debt $783.2M $566.6M $361.6M
YoY Change 116.6% 59.01% 6.05%
Other Long-Term Liabilities $15.53M $20.07M $9.298M
YoY Change 66.98% 118.72% -15.16%
Total Long-Term Liabilities $798.7M $586.7M $370.9M
YoY Change 115.35% 60.51% 5.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.2M $135.2M $81.40M
Total Long-Term Liabilities $798.7M $586.7M $370.9M
Total Liabilities $1.033B $833.0M $490.8M
YoY Change 110.58% 60.12% 4.46%
SHAREHOLDERS EQUITY
Retained Earnings -$2.310B -$2.265B -$1.922B
YoY Change 20.16% 23.74% 19.92%
Common Stock $1.193M $1.187M $1.033M
YoY Change 15.49% 15.47% 14.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $119.9M $410.5M $201.6M
YoY Change
Total Liabilities & Shareholders Equity $1.153B $1.244B $692.4M
YoY Change 66.57% 56.19% 2.35%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$94.62M -$113.0M -$91.64M
YoY Change 3.25% 10.54% 38.09%
Depreciation, Depletion And Amortization $1.286M $3.650M $2.388M
YoY Change -46.15% -4.95% 5.38%
Cash From Operating Activities -$105.2M -$84.13M -$128.3M
YoY Change -18.02% 25.96% 121.42%
INVESTING ACTIVITIES
Capital Expenditures $1.701M -$1.142M $1.181M
YoY Change 44.03% -24.37% -55.92%
Acquisitions
YoY Change
Other Investing Activities -$99.71M -$50.08M
YoY Change
Cash From Investing Activities -$101.4M -$51.22M -$1.181M
YoY Change 8486.54% 3291.92% -55.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.459M 5.710M $6.703M
YoY Change -3.64% -52.46% 214.1%
NET CHANGE
Cash From Operating Activities -$105.2M -84.13M -$128.3M
Cash From Investing Activities -$101.4M -51.22M -$1.181M
Cash From Financing Activities $6.459M 5.710M $6.703M
Net Change In Cash -$201.1M -129.6M -$123.0M
YoY Change 63.47% 130.31% 110.31%
FREE CASH FLOW
Cash From Operating Activities -$105.2M -$84.13M -$128.3M
Capital Expenditures $1.701M -$1.142M $1.181M
Free Cash Flow -$106.9M -$82.99M -$129.5M
YoY Change -17.46% 27.13% 113.58%

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1263000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
729000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
12823000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10535000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
822000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5257000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
270000 USD
CY2022Q1 insm Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
2369000 USD
CY2021Q1 insm Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
5208000 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-11618000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1798000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1066000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2240000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2754000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2752000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2056000 USD
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6289000 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
19731000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13363000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-20273000 USD
CY2022Q1 insm Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
-22978000 USD
CY2021Q1 insm Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
-19793000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-105161000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-128281000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1701000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1181000 USD
CY2022Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
99706000 USD
CY2021Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101407000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1181000 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6818000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6961000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
359000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
258000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6459000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6703000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-969000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-246000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-201078000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-123005000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
716782000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
532756000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
515704000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
409751000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
2375000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
4271000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
635000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
672000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
515700000 USD
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
149000000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-94600000 USD
CY2022Q1 us-gaap Marketable Securities
MarketableSecurities
149000000.0 USD
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
50000000.0 USD
CY2022Q1 insm Marketable Securities Additional
MarketableSecuritiesAdditional
99700000 USD
CY2021Q1 insm Fair Value Level1 Level2 Level3 Transfers Amount
FairValueLevel1Level2Level3TransfersAmount
0 USD
CY2022Q1 insm Fair Value Level1 Level2 Level3 Transfers Amount
FairValueLevel1Level2Level3TransfersAmount
0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
119400000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
29600000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
900000 USD
CY2022Q1 insm Available For Sale Securities Gross Unrealized Gain Loss Number Of Securities
AvailableForSaleSecuritiesGrossUnrealizedGainLossNumberOfSecurities
0 security
CY2021Q4 insm Available For Sale Securities Gross Unrealized Gain Loss Number Of Securities
AvailableForSaleSecuritiesGrossUnrealizedGainLossNumberOfSecurities
0 security
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-94621000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-91641000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118929000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103040000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118929000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103040000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.89
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.89
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash equivalents with high credit-quality financial institutions and may invest its short-term investments in US treasury securities, mutual funds and government agency bonds. The Company has established guidelines relative to credit ratings and maturities that seek to maintain safety and liquidity.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is exposed to risks associated with extending credit to customers related to the sale of products. The Company does not require collateral to secure amounts due from its customers. The Company uses an expected loss methodology to calculate allowances for trade receivables. The Company's measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The Company does not currently have a material allowance for collectible trade receivables. The following table presents the percentage of gross product revenue represented by the Company's three largest customers as of the three months ended March 31, 2022 and 2021.</span></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:62.573%"><tr><td style="width:1.0%"/><td style="width:41.189%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.236%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:1.937%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.238%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Customer A</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Customer B</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Customer C</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">—%</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company relies on third-party manufacturers and suppliers for manufacturing and supply of its products. The inability of the suppliers or manufacturers to fulfill supply requirements of the Company could materially impact future operating results. A change in the relationship with the suppliers or manufacturers, or an adverse change in their business, could materially impact future operating results.</span></div>
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53107000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40214000 USD
CY2022Q1 insm Revenue From Contract With Customer Excluding Assessed Tax Increase Decrease
RevenueFromContractWithCustomerExcludingAssessedTaxIncreaseDecrease
12893000 USD
CY2022Q1 insm Revenue From Contract With Customer Excluding Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerExcludingAssessedTaxIncreaseDecreasePercent
0.321
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
30598000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
29541000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10607000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18528000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22940000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
18940000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
64145000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
67009000 USD
CY2022Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5100000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5100000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5100000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5100000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
73809000 USD
CY2022Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1263000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72546000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
49261000 USD
CY2021Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1263000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47998000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
136100000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
91023000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
90016000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
38347000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
37061000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52676000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52955000 USD
CY2022Q1 insm Accrued Clinical Trial Expenses
AccruedClinicalTrialExpenses
14533000 USD
CY2021Q4 insm Accrued Clinical Trial Expenses
AccruedClinicalTrialExpenses
19410000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
8746000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10678000 USD
CY2022Q1 insm Accrued Technical Operation Expenses
AccruedTechnicalOperationExpenses
3817000 USD
CY2021Q4 insm Accrued Technical Operation Expenses
AccruedTechnicalOperationExpenses
6187000 USD
CY2022Q1 insm Accrued Royalties And Milestone Payments Current
AccruedRoyaltiesAndMilestonePaymentsCurrent
6559000 USD
CY2021Q4 insm Accrued Royalties And Milestone Payments Current
AccruedRoyaltiesAndMilestonePaymentsCurrent
6655000 USD
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
2269000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2175000 USD
CY2022Q1 insm Accrued Sales Allowances And Related Costs
AccruedSalesAllowancesAndRelatedCosts
11516000 USD
CY2021Q4 insm Accrued Sales Allowances And Related Costs
AccruedSalesAllowancesAndRelatedCosts
8275000 USD
CY2022Q1 insm Business Combination Deferred Payments Current
BusinessCombinationDeferredPaymentsCurrent
4193000 USD
CY2021Q4 insm Business Combination Deferred Payments Current
BusinessCombinationDeferredPaymentsCurrent
4883000 USD
CY2022Q1 insm Accrued Construction Liabilities Current
AccruedConstructionLiabilitiesCurrent
366000 USD
CY2021Q4 insm Accrued Construction Liabilities Current
AccruedConstructionLiabilitiesCurrent
551000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1290000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1851000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
53289000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
60665000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
100000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
200000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9287000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
341000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6541000 USD
CY2022Q1 insm Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
34000000 USD
CY2022Q1 us-gaap Secured Debt
SecuredDebt
800000000 USD
CY2021Q4 us-gaap Secured Debt
SecuredDebt
800000000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16844000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11539000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
221873000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
783156000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
566588000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
225000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2022Q1 insm Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
575000000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
800000000 USD
CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
25.00
CY2021Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
1969000 USD
CY2022Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2063000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
822000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
350000 USD
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4907000 USD
CY2022Q1 insm Convertible Debt Interest Expense Total
ConvertibleDebtInterestExpenseTotal
2885000 USD
CY2021Q1 insm Convertible Debt Interest Expense Total
ConvertibleDebtInterestExpenseTotal
7226000 USD
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
406000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
333000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
3291000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
7559000 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
119345962 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
119345962 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
17500000 USD
CY2020Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
23.25
CY2020Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
13500000 USD
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 insm Share Based Compensation Arrangement By Share Based Payment Award Inducement Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardInducementOptionsGrantsInPeriodGross
135500 shares
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2000000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000 USD
CY2021Q2 insm Business Acquisition Consecutive Trading Day Period
BusinessAcquisitionConsecutiveTradingDayPeriod
45 days

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0001104506-22-000014.txt Edgar Link pending
0001104506-22-000014-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
insm-20220331.htm Edgar Link pending
insm-20220331.xsd Edgar Link pending
insm-20220331ex101.htm Edgar Link pending
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insm-20220331_cal.xml Edgar Link unprocessable
insm-20220331_def.xml Edgar Link unprocessable
insm-20220331_htm.xml Edgar Link completed
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