2024 Q3 Form 10-Q Financial Statement

#000158176024000080 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $92.87M $84.86M
YoY Change 18.11% 19.88%
Cost Of Revenue $22.85M $21.24M
YoY Change 10.19% 32.69%
Gross Profit $70.01M $63.63M
YoY Change 20.95% 16.14%
Gross Profit Margin 75.39% 74.97%
Selling, General & Admin $45.95M $38.98M
YoY Change 15.39% 8.74%
% of Gross Profit 65.63% 61.26%
Research & Development $29.01M $27.01M
YoY Change 18.08% 16.53%
% of Gross Profit 41.44% 42.46%
Depreciation & Amortization $51.00K $49.00K
YoY Change 10.87% 22.5%
% of Gross Profit 0.07% 0.08%
Operating Expenses $74.96M $65.99M
YoY Change 16.42% 11.8%
Operating Profit -$4.951M -$2.363M
YoY Change -23.91% -44.31%
Interest Expense $5.389M $1.924M
YoY Change 8453.97% -857.48%
% of Operating Profit
Other Income/Expense, Net $7.913M -$3.123M
YoY Change -3978.92% -3319.59%
Pretax Income $2.962M -$5.486M
YoY Change -144.14% 32.32%
Income Tax -$4.700M $5.500M
% Of Pretax Income -158.68%
Net Earnings $7.689M -$10.96M
YoY Change -217.55% 148.45%
Net Earnings / Revenue 8.28% -12.92%
Basic Earnings Per Share $0.10 -$0.15
Diluted Earnings Per Share $0.09 -$0.15
COMMON SHARES
Basic Shares Outstanding 74.14M shares 69.63M shares
Diluted Shares Outstanding 82.08M shares 70.76M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.0M $160.8M
YoY Change 157.05% 157.66%
Cash & Equivalents $159.0M $160.8M
Short-Term Investments
Other Short-Term Assets $11.73M $10.07M
YoY Change 3.4% 20.76%
Inventory $13.79M $5.545M
Prepaid Expenses $11.73M $10.07M
Receivables $48.85M $40.63M
Other Receivables $981.0K $432.0K
Total Short-Term Assets $235.4M $218.4M
YoY Change 88.38% 85.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.782M $1.749M
YoY Change 122.75% 110.98%
Goodwill $133.7M $133.7M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.541M $21.00K
YoY Change 7238.1% 0.0%
Total Long-Term Assets $192.0M $187.5M
YoY Change 0.29% -3.49%
TOTAL ASSETS
Total Short-Term Assets $235.4M $218.4M
Total Long-Term Assets $192.0M $187.5M
Total Assets $427.4M $405.9M
YoY Change 35.07% 30.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.09M $10.03M
YoY Change 47.95% 41.06%
Accrued Expenses $22.73M $27.04M
YoY Change 0.67% 63.05%
Deferred Revenue $37.95M $35.46M
YoY Change 12.76% 14.15%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $85.27M $77.63M
YoY Change 17.3% 13.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $453.0K $660.0K
YoY Change -44.07% -52.07%
Total Long-Term Liabilities $453.0K $660.0K
YoY Change -44.07% -52.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.27M $77.63M
Total Long-Term Liabilities $453.0K $660.0K
Total Liabilities $87.70M $79.22M
YoY Change 15.23% 6.92%
SHAREHOLDERS EQUITY
Retained Earnings -$298.2M -$305.9M
YoY Change 5.74% 11.05%
Common Stock $74.00K $74.00K
YoY Change 8.82% 8.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $339.7M $326.7M
YoY Change
Total Liabilities & Shareholders Equity $427.4M $405.9M
YoY Change 35.07% 30.19%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $7.689M -$10.96M
YoY Change -217.55% 148.45%
Depreciation, Depletion And Amortization $51.00K $49.00K
YoY Change 10.87% 22.5%
Cash From Operating Activities $6.349M $3.252M
YoY Change 55.08% -11.41%
INVESTING ACTIVITIES
Capital Expenditures $968.0K $1.234M
YoY Change 183.87% 138.68%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$968.0K -$1.234M
YoY Change 163.76% 138.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.206M 85.39M
YoY Change 70.76% -665.75%
NET CHANGE
Cash From Operating Activities 6.349M 3.252M
Cash From Investing Activities -968.0K -1.234M
Cash From Financing Activities -7.206M 85.39M
Net Change In Cash -1.825M 87.41M
YoY Change 270.18% -832.11%
FREE CASH FLOW
Cash From Operating Activities $6.349M $3.252M
Capital Expenditures $968.0K $1.234M
Free Cash Flow $5.381M $2.018M
YoY Change 43.38% -36.02%

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CapitalExpendituresIncurredButNotYetPaid
1063000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
lifx Stock Based Compensation Expense Incurred But Not Yet Paid
StockBasedCompensationExpenseIncurredButNotYetPaid
373000 usd
lifx Stock Based Compensation Expense Incurred But Not Yet Paid
StockBasedCompensationExpenseIncurredButNotYetPaid
0 usd
lifx Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
4455000 usd
lifx Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
0 usd
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1217000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1746000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162010000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64150000 usd
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Nature of Business</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Life360, Inc. (the “Company”) is a leading technology platform connecting millions of people throughout the world to the people, pets and things they care about most. The Company has created a new category at the intersection of family, technology, and safety to help keep families connected and safe. The Company’s core offering, the Life360 mobile application, includes features like communications, driving safety, digital safety and location sharing. Beyond the everyday, Life360 also provides much-needed protection and saves lives, which is crucial for families in emergency situations such as natural disasters, vehicle collisions, physical property theft, and digital identity theft. The Life360 mobile application operates under a “freemium” model where its core offering is available to members at no charge, with three membership subscription options that are available but not required.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company acquired Jio, Inc. (“Jiobit”) and Tile, Inc, (“Tile”) in September 2021 and January 2022, respectively, to create a comprehensive platform-agnostic location tracking solution for people, pets and things. Jiobit is a leading wearable location device for young children, pets and seniors and Tile is a leading product suite of location trackers for finding objects.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s suite of product and service offerings, including the Life360 and Tile mobile applications, and related third-party services, is system and platform-agnostic, allowing its products and services to work seamlessly for its members, regardless of the devices they use.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">U.S. Initial Public Offering (“U.S. IPO”)</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 6, 2024, the Company completed its U.S. IPO and began trading on the Nasdaq Global Select Market under the trading symbol “LIF”. The Company issued and sold 3,703,704 shares of common stock</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and certain selling securityholders sold 2,908,796 shares of common stock (including 862,500 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) in each case at an offering price of $27.00 per share. The Company received net proceeds of $93.0 million after deducting underwriting discounts and commissions of $7.0 million. An additional $5.5 million of expenses were paid on behalf of selling securityholders.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 15, "Related-Party Transactions" for further details. The Company did not receive any proceeds from the sale of shares of common stock by the selling securityholders.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the U.S. IPO, the Company restated its certificate of incorporation to increase the authorized number of shares of its common stock from 100,000,000 shares to 500,000,000 shares.</span></div>
lifx Number Of Membership Subscription Options
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3 subscription_option
CY2024Q2 lifx Payment Of Expenses On Behalf Of Selling Stockholders
PaymentOfExpensesOnBehalfOfSellingStockholders
5500000 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:15pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets, liabilities, net revenue, and expenses. Significant items subject to such estimates, judgments, and assumptions include: </span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">revenue recognition, including the determination of selling prices for distinct performance obligations sold in multiple performance obligation arrangements, the period over which revenue is recognized for certain arrangements, and estimated delivery dates for orders with title transfer upon delivery;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">allowances for credit losses and product returns;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">promotional and marketing allowances;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">inventory valuation;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">average useful customer life;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">valuation of stock-based awards;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">legal contingencies;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">impairment of long-lived assets and goodwill;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">valuation of convertible notes and embedded derivatives;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">useful lives of long-lived assets; and</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">income taxes including valuation allowances on deferred tax assets.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company bases its estimates and judgments on historical experience and on various assumptions that it believes are reasonable under the circumstances. Actual results could differ significantly from those estimates.</span></div>
CY2024Q2 us-gaap Restricted Cash Noncurrent
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1200000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
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1700000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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84863000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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163090000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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138931000 usd
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26200000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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19800000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
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56600000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
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0.98
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
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1901000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Net
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2123000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
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CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2063000 usd
CY2024Q2 lifx Capitalized Contract Cost Additions
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387000 usd
CY2023Q2 lifx Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
497000 usd
lifx Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
785000 usd
lifx Capitalized Contract Cost Additions
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995000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
322000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
426000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
663000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
864000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1966000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2194000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
1966000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2194000 usd
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
130707000 usd
CY2024Q2 us-gaap Assets Fair Value Disclosure
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130707000 usd
CY2024Q2 us-gaap Derivative Liabilities
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0 usd
CY2024Q2 us-gaap Convertible Debt Fair Value Disclosures
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CY2024Q2 us-gaap Liabilities Fair Value Disclosure
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0 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
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41981000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
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41981000 usd
CY2023Q4 us-gaap Derivative Liabilities
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217000 usd
CY2023Q4 us-gaap Convertible Debt Fair Value Disclosures
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3449000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
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3666000 usd
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AccountsReceivableGrossCurrent
40720000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
42274000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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94000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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94000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
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40626000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
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42180000 usd
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
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89000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
298000 usd
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
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5456000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
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3801000 usd
CY2024Q2 us-gaap Inventory Net
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5545000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
4099000 usd
CY2024Q2 us-gaap Prepaid Expense Current
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10071000 usd
CY2023Q4 us-gaap Prepaid Expense Current
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14520000 usd
CY2024Q2 us-gaap Other Receivables Net Current
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432000 usd
CY2023Q4 us-gaap Other Receivables Net Current
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654000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
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10503000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
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15174000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2629000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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1514000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
880000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
784000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
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1749000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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730000 usd
CY2024Q2 us-gaap Depreciation
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49000 usd
us-gaap Depreciation
Depreciation
95000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
40000 usd
us-gaap Depreciation
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77000 usd
CY2024Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2023Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Impairment Of Long Lived Assets Held For Use
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CY2024Q2 us-gaap Prepaid Expense Noncurrent
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0 usd
CY2023Q4 us-gaap Prepaid Expense Noncurrent
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1353000 usd
CY2024Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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5474000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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5474000 usd
CY2024Q2 us-gaap Other Assets Noncurrent
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21000 usd
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21000 usd
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5495000 usd
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6848000 usd
CY2024Q2 us-gaap Lessee Operating Lease Remaining Lease Term
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CY2024Q2 us-gaap Operating Lease Cost
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114000 usd
CY2023Q2 us-gaap Operating Lease Cost
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250000 usd
us-gaap Operating Lease Cost
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224000 usd
us-gaap Operating Lease Cost
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495000 usd
CY2024Q2 us-gaap Operating Lease Payments
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100000 usd
us-gaap Operating Lease Payments
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200000 usd
CY2023Q2 us-gaap Operating Lease Payments
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300000 usd
us-gaap Operating Lease Payments
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500000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
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851000 usd
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349000 usd
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335000 usd
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544000 usd
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0.050
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190000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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390000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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367000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
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947000 usd
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54000 usd
CY2024Q2 us-gaap Operating Lease Liability
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893000 usd
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66161000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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22641000 usd
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43520000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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63516000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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18075000 usd
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45441000 usd
CY2024Q2 us-gaap Capitalized Computer Software Period Increase Decrease
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1500000 usd
us-gaap Capitalized Computer Software Period Increase Decrease
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2600000 usd
CY2023Q2 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
500000 usd
us-gaap Capitalized Computer Software Period Increase Decrease
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900000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
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2300000 usd
us-gaap Amortization Of Intangible Assets
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4600000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4500000 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2024Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4655000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9223000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8780000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4371000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4225000 usd
CY2024Q2 lifx Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
9003000 usd
CY2024Q2 lifx Finite Lived Intangible Assets Net Excluding Amounts Not Yet In Service
FiniteLivedIntangibleAssetsNetExcludingAmountsNotYetInService
40257000 usd
CY2024Q2 lifx Finite Lived Intangible Assets Net Assets Not Yet In Service
FiniteLivedIntangibleAssetsNetAssetsNotYetInService
3263000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43520000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
133700000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
133700000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 lifx Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
15194000 usd
CY2023Q4 lifx Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
10020000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3351000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3349000 usd
CY2024Q2 lifx Customer Related Promotions And Discounts Payable Current
CustomerRelatedPromotionsAndDiscountsPayableCurrent
3756000 usd
CY2023Q4 lifx Customer Related Promotions And Discounts Payable Current
CustomerRelatedPromotionsAndDiscountsPayableCurrent
9049000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
349000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
335000 usd
CY2024Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
3223000 usd
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
3285000 usd
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4924000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1340000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1500000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
32137000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27538000 usd
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
700000 usd
CY2024Q2 us-gaap Convertible Debt
ConvertibleDebt
0 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
4505000 usd
CY2021Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
700000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
1900000 usd
CY2024Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
200000 usd
CY2024Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
18355000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
25000000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
25500000 usd
CY2024Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
26000000 usd
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
94855000 usd
CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
24861133 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
30154209 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
7761 shares
CY2024Q1 lifx Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
41685 shares
CY2024Q1 lifx Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercised
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercised
2.28
CY2024Q2 lifx Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
88212 shares
CY2024Q2 lifx Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercised
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercised
11.96
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
137658 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6625812 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.57
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
59957000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
407277 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.18
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
191094 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
14.45
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6027441 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.21
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M18D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
157803000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5443161 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.57
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y3M18D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
145976000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10786000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9269000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19047000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
400000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
400000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-10964000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10964000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4413000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4413000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-20741000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20741000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-18484000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18484000 usd
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70760080 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70760080 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66467200 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66467200 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69647853 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66032405 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66032405 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11927663 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13916103 shares

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