2021 Q4 Form 10-Q Financial Statement

#000162828021024496 Filed on December 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $31.21M $29.27M $27.88M
YoY Change 11.94% 7.31% -1.17%
Cost Of Revenue $12.83M $12.37M $13.06M
YoY Change -1.83% -5.14% 0.31%
Gross Profit $18.39M $16.90M $14.82M
YoY Change 24.09% 18.7% -2.43%
Gross Profit Margin 58.91% 57.75% 53.14%
Selling, General & Admin $11.37M $10.65M $9.796M
YoY Change 16.05% 15.7% -2.59%
% of Gross Profit 61.83% 63.03% 66.11%
Research & Development $4.278M $4.424M $4.337M
YoY Change -1.36% 8.03% 3.04%
% of Gross Profit 23.27% 26.17% 29.27%
Depreciation & Amortization $1.039M $1.131M $1.514M
YoY Change -31.37% -32.68% -30.65%
% of Gross Profit 5.65% 6.69% 10.22%
Operating Expenses $15.70M $15.13M $14.19M
YoY Change 10.67% 13.29% -1.09%
Operating Profit $2.687M $1.773M $631.0K
YoY Change 325.83% 100.34% -25.15%
Interest Expense $97.00K $93.00K $100.0K
YoY Change -3.0% -28.46% -75.0%
% of Operating Profit 3.61% 5.25% 15.85%
Other Income/Expense, Net $833.0K $344.0K -$139.0K
YoY Change -699.28% -71.48% -144.55%
Pretax Income $3.617M $2.210M $589.0K
YoY Change 514.09% -0.32% -62.12%
Income Tax $303.0K -$737.0K -$103.0K
% Of Pretax Income 8.38% -33.35% -17.49%
Net Earnings $3.314M $2.947M $692.0K
YoY Change 378.9% 44.89% -60.66%
Net Earnings / Revenue 10.62% 10.07% 2.48%
Basic Earnings Per Share $0.10 $0.09 $0.02
Diluted Earnings Per Share $95.55K $86.81K $0.02
COMMON SHARES
Basic Shares Outstanding 33.34M shares 33.05M shares 32.49M shares
Diluted Shares Outstanding 34.69M shares 33.95M shares 32.90M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $111.4M $108.1M $94.10M
YoY Change 18.35% 16.9% -0.11%
Cash & Equivalents $94.20M $91.85M $81.79M
Short-Term Investments $17.16M $16.28M $12.40M
Other Short-Term Assets $7.375M $6.957M $6.700M
YoY Change 10.07% 10.43% -1.47%
Inventory
Prepaid Expenses
Receivables $19.66M $22.87M $18.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $140.9M $140.0M $121.8M
YoY Change 15.65% 11.75% 2.28%
LONG-TERM ASSETS
Property, Plant & Equipment $3.689M $3.556M $3.225M
YoY Change 14.39% 6.47% -7.99%
Goodwill $25.89M $25.89M $25.89M
YoY Change 0.0% 0.0% 0.0%
Intangibles $254.0K $307.0K $509.0K
YoY Change -50.1% -62.61% -71.06%
Long-Term Investments $500.0K
YoY Change 0.0%
Other Assets $2.339M $2.271M $1.899M
YoY Change 23.17% 13.04% 9.71%
Total Long-Term Assets $38.73M $39.49M $42.19M
YoY Change -8.19% -9.99% -11.14%
TOTAL ASSETS
Total Short-Term Assets $140.9M $140.0M $121.8M
Total Long-Term Assets $38.73M $39.49M $42.19M
Total Assets $179.6M $179.5M $164.0M
YoY Change 9.52% 6.11% -1.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.994M $2.028M $1.640M
YoY Change 21.59% 1.15% -11.16%
Accrued Expenses $4.946M $4.814M $3.900M
YoY Change 26.82% -1.76% -20.41%
Deferred Revenue $35.97M $36.92M $31.21M
YoY Change 15.26% 13.65% -4.17%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.20M $49.13M $41.15M
YoY Change 14.7% 11.73% -5.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $370.0K $514.0K $111.0K
YoY Change 233.33% 371.56% 27.59%
Total Long-Term Liabilities $370.0K $514.0K $111.0K
YoY Change 233.33% 371.56% 27.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.20M $49.13M $41.15M
Total Long-Term Liabilities $370.0K $514.0K $111.0K
Total Liabilities $50.76M $52.92M $44.95M
YoY Change 12.93% 9.56% -7.72%
SHAREHOLDERS EQUITY
Retained Earnings -$16.36M -$15.99M -$13.43M
YoY Change 21.8% 51.57% 132.65%
Common Stock $167.0M $164.3M $154.3M
YoY Change 8.19% 7.23% 6.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.8M $126.5M $119.1M
YoY Change
Total Liabilities & Shareholders Equity $179.6M $179.5M $164.0M
YoY Change 9.52% 6.11% -1.55%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $3.314M $2.947M $692.0K
YoY Change 378.9% 44.89% -60.66%
Depreciation, Depletion And Amortization $1.039M $1.131M $1.514M
YoY Change -31.37% -32.68% -30.65%
Cash From Operating Activities $4.678M $3.034M $5.290M
YoY Change -11.57% 105.14% -796.05%
INVESTING ACTIVITIES
Capital Expenditures $313.0K $302.0K $45.00K
YoY Change 595.56% 155.93% -64.84%
Acquisitions $0.00
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$313.0K -$302.0K -$170.0K
YoY Change 84.12% -16.8% -76.71%
FINANCING ACTIVITIES
Cash Dividend Paid $3.608M
YoY Change 1.72%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.018M $464.0K -3.110M
YoY Change -35.11% -139.86% -314.48%
NET CHANGE
Cash From Operating Activities 4.678M $3.034M 5.290M
Cash From Investing Activities -313.0K -$302.0K -170.0K
Cash From Financing Activities -2.018M $464.0K -3.110M
Net Change In Cash 2.347M $3.196M 2.010M
YoY Change 16.77% -6758.33% -5125.0%
FREE CASH FLOW
Cash From Operating Activities $4.678M $3.034M $5.290M
Capital Expenditures $313.0K $302.0K $45.00K
Free Cash Flow $4.365M $2.732M $5.245M
YoY Change -16.78% 100.73% -690.65%

Facts In Submission

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us-gaap Dividends Common Stock
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1817000 USD
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6261000 USD
us-gaap Profit Loss
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2726000 USD
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2170000 USD
us-gaap Depreciation Depletion And Amortization
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3194000 USD
us-gaap Share Based Compensation
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1817000 USD
us-gaap Share Based Compensation
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1198000 USD
us-gaap Gain Loss On Investments
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1193000 USD
us-gaap Gain Loss On Investments
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803000 USD
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7712000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-99000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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amswa Payments To Acquire Securities Trading
PaymentsToAcquireSecuritiesTrading
174000 USD
amswa Payments To Acquire Securities Trading
PaymentsToAcquireSecuritiesTrading
285000 USD
amswa Proceeds From Sale And Maturityof Securities Trading
ProceedsFromSaleAndMaturityofSecuritiesTrading
210000 USD
amswa Proceeds From Sale And Maturityof Securities Trading
ProceedsFromSaleAndMaturityofSecuritiesTrading
3119000 USD
us-gaap Increase Decrease In Accounts Receivable
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-4502000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2013000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-322000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-2595000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-2595000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-3344000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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7712000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6771000 USD
amswa Payments To Develop Software To Be Sold Leased Or Otherwise Marketed
PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
0 USD
amswa Payments To Develop Software To Be Sold Leased Or Otherwise Marketed
PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
371000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
615000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
163000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-615000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-534000 USD
us-gaap Proceeds From Stock Options Exercised
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5714000 USD
us-gaap Proceeds From Stock Options Exercised
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2853000 USD
us-gaap Payments Of Dividends
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7268000 USD
us-gaap Payments Of Dividends
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7118000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-1554000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5543000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1972000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88658000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79814000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Income Taxes Paid Net
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176000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
205000 USD
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
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3676000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3576000 USD
CY2021Q4 amswa Revenue From Contracts With Customer Excluding Assessed Tax Reimbursements Recognized As Revenue
RevenueFromContractsWithCustomerExcludingAssessedTaxReimbursementsRecognizedAsRevenue
12000 USD
amswa Revenue From Contracts With Customer Excluding Assessed Tax Reimbursements Recognized As Revenue
RevenueFromContractsWithCustomerExcludingAssessedTaxReimbursementsRecognizedAsRevenue
40000 USD
CY2020Q4 amswa Revenue From Contracts With Customer Excluding Assessed Tax Reimbursements Recognized As Revenue
RevenueFromContractsWithCustomerExcludingAssessedTaxReimbursementsRecognizedAsRevenue
12000 USD
amswa Revenue From Contracts With Customer Excluding Assessed Tax Reimbursements Recognized As Revenue
RevenueFromContractsWithCustomerExcludingAssessedTaxReimbursementsRecognizedAsRevenue
16000 USD
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17100000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
27100000 USD
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35968000 USD
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37142000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
250000 USD
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
540000 USD
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ContractWithCustomerLiability
36218000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
37682000 USD
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123300000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.47
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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31211000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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27881000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60482000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55159000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
amswa Convertible Stock Conversion Ratio
ConvertibleStockConversionRatio
1
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1098815 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
704554 shares
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1842587 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1426760 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4831991 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4378453 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1308500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1120000 shares
CY2021Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1000000.0 USD
CY2020Q4 us-gaap Share Based Compensation
ShareBasedCompensation
700000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
439000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
38000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1200000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
545242 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
277197 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7600000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
13700000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y25D
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
87275000 USD
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
17163000 USD
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
104438000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
81720000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
81720000 USD
CY2021Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
16006000 USD
CY2021Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
16006000 USD
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
97726000 USD
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
97726000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q4 amswa Number Of Supply Chain Process Areas
NumberOfSupplyChainProcessAreas
8 supplyChain
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31211000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27881000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60482000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
55159000 USD
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2687000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
631000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4460000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1516000 USD
CY2021Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
313000 USD
CY2020Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
615000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
163000 USD
CY2021Q4 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0 USD
CY2020Q4 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
126000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
371000 USD
CY2021Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1039000 USD
CY2020Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1514000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2170000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3194000 USD
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3617000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
589000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5827000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2806000 USD

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