2021 Q4 Form 10-Q Financial Statement

#000182600021000065 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $14.52M $11.20M $9.000M
YoY Change 119.61% 221.43%
Cost Of Revenue $18.48M $11.15M $8.242M
YoY Change 89.35% 154.46%
Gross Profit -$3.959M $47.00K $758.0K
YoY Change -105.95% -272.67%
Gross Profit Margin -27.26% 0.42% 8.42%
Selling, General & Admin $38.54M $21.77M $15.05M
YoY Change 4186.95% 195.8% 120.03%
% of Gross Profit 46314.89% 1985.22%
Research & Development $17.45M $11.80M $6.989M
YoY Change 69.1% 0.85%
% of Gross Profit 25102.13% 922.03%
Depreciation & Amortization $1.072M $825.0K $689.0K
YoY Change 157.01% 120.13%
% of Gross Profit 1755.32% 90.9%
Operating Expenses $57.06M $34.39M $22.73M
YoY Change 6246.73% 134.64% 61.38%
Operating Profit -$61.02M -$34.35M -$21.96M
YoY Change 122.28% 50.7%
Interest Expense $7.057M $287.0K -$16.66M
YoY Change -222.65%
% of Operating Profit
Other Income/Expense, Net $6.000K $198.0K -$18.11M
YoY Change -147.26% 4241.73%
Pretax Income -$53.96M -$34.15M -$40.06M
YoY Change 630.17% 115.17% 167.32%
Income Tax -$47.00K $90.00K $10.00K
% Of Pretax Income
Net Earnings -$53.91M -$34.24M -$40.07M
YoY Change 629.53% 115.69% 167.39%
Net Earnings / Revenue -371.22% -305.71% -445.23%
Basic Earnings Per Share -$0.38 -$0.24 -$0.78
Diluted Earnings Per Share -$379.4K -$0.24 -$0.78
COMMON SHARES
Basic Shares Outstanding 142.2M shares 140.7M shares 51.26M shares
Diluted Shares Outstanding 141.5M shares 140.7M shares 51.26M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $283.8M $328.4M $472.0M
YoY Change 368.79% 1313664.0%
Cash & Equivalents $124.8M $240.3M $472.0M
Short-Term Investments $159.0M $88.14M
Other Short-Term Assets $11.61M $10.14M $3.077M
YoY Change 1751.98% 4444.68%
Inventory $11.62M $9.976M $8.966M
Prepaid Expenses
Receivables $25.64M $18.65M $12.14M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $332.6M $367.2M $496.2M
YoY Change 313.92% 147947.01%
LONG-TERM ASSETS
Property, Plant & Equipment $2.039M $1.653M $1.157M
YoY Change 170.78%
Goodwill
YoY Change
Intangibles $846.0K
YoY Change 186.78%
Long-Term Investments $102.9M $104.1M
YoY Change -65.71%
Other Assets $2.294M $1.452M $1.134M
YoY Change 112.01%
Total Long-Term Assets $119.7M $120.3M $12.44M
YoY Change 1193.76%
TOTAL ASSETS
Total Short-Term Assets $332.6M $367.2M $496.2M
Total Long-Term Assets $119.7M $120.3M $12.44M
Total Assets $452.3M $487.5M $508.6M
YoY Change 404.75% 196441.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.229M $5.945M $4.397M
YoY Change 66.91%
Accrued Expenses $24.18M $12.06M $11.07M
YoY Change 318.34% 5284.34%
Deferred Revenue $6.016M $4.541M $3.686M
YoY Change 156.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.77M $25.27M $20.26M
YoY Change 243.86% 11181.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $559.0K $559.0K
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $559.0K $559.0K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.77M $25.27M $20.26M
Total Long-Term Liabilities $0.00 $559.0K $559.0K
Total Liabilities $74.75M $62.25M $56.36M
YoY Change -10.25% 27687.25%
SHAREHOLDERS EQUITY
Retained Earnings -$328.5M -$274.6M -$240.4M
YoY Change 102.55%
Common Stock $25.00K $21.00K $15.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $377.6M $425.2M $452.3M
YoY Change
Total Liabilities & Shareholders Equity $452.3M $487.5M $508.6M
YoY Change 404.75% 196441.14%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$53.91M -$34.24M -$40.07M
YoY Change 629.53% 115.69% 167.39%
Depreciation, Depletion And Amortization $1.072M $825.0K $689.0K
YoY Change 157.01% 120.13%
Cash From Operating Activities -$42.18M -$30.84M -$32.40M
YoY Change 6494.28% -202.5% 7.68%
INVESTING ACTIVITIES
Capital Expenditures -$1.347M -$3.162M -$4.311M
YoY Change 30.64%
Acquisitions
YoY Change
Other Investing Activities -$71.71M -$197.1M
YoY Change -76.1%
Cash From Investing Activities -$73.06M -$200.3M -$4.311M
YoY Change -75.65% 30.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -287.0K -552.0K 448.6M
YoY Change -100.1% -94.65% 4237.02%
NET CHANGE
Cash From Operating Activities -42.18M -30.84M -32.40M
Cash From Investing Activities -73.06M -200.3M -4.311M
Cash From Financing Activities -287.0K -552.0K 448.6M
Net Change In Cash -115.5M -231.7M 411.9M
YoY Change -10175.53% -1271.82% -1887.25%
FREE CASH FLOW
Cash From Operating Activities -$42.18M -$30.84M -$32.40M
Capital Expenditures -$1.347M -$3.162M -$4.311M
Free Cash Flow -$40.83M -$27.68M -$28.09M
YoY Change 4.86%

Facts In Submission

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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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67933833 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Allocated Share Based Compensation Expense
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AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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1070000 USD
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CY2020Q1 us-gaap Temporary Equity Stock Issued During Period Value New Issues
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366000 USD
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CY2020Q1 us-gaap Temporary Equity Shares Outstanding
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CY2020Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2020Q2 us-gaap Temporary Equity Shares Outstanding
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CY2020Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2020Q3 us-gaap Temporary Equity Shares Outstanding
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CY2020Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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160605000 USD
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CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
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CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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160605000 USD
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69252000 USD
CY2021Q2 lat Stock Issued During Period Value Conversion Of Warrants
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2143000 USD
CY2021Q2 lat Temporary Equity Shares Conversion Of Convertible Securities
TemporaryEquitySharesConversionOfConvertibleSecurities
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CY2021Q2 lat Temporary Equity Value Conversion Of Convertible Securities
TemporaryEquityValueConversionOfConvertibleSecurities
160605000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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160605000 USD
CY2021Q2 lat Reverse Recapitalization Net Of Transaction Costs
ReverseRecapitalizationNetOfTransactionCosts
434926000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
459000 USD
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CY2021Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
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CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2021Q2 us-gaap Stockholders Equity
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224000 USD
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AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
394000 USD
CY2021Q3 lat Adjustments To Additional Paid In Capital Reverse Recapitalization Transaction Costs
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253000 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7695000 USD
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CY2021Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Temporary Equity Shares Outstanding
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CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
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CY2021Q3 us-gaap Stockholders Equity
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lat Shares Issued And Outstanding Subject To Vesting Restrictions
SharesIssuedAndOutstandingSubjectToVestingRestrictions
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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2167000 USD
us-gaap Depreciation Depletion And Amortization
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907000 USD
us-gaap Paid In Kind Interest
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3527000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
36000 USD
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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-12588000 USD
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-15000 USD
us-gaap Fair Value Adjustment Of Warrants
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3728000 USD
us-gaap Fair Value Adjustment Of Warrants
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Inventory Write Down
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-328000 USD
us-gaap Inventory Write Down
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108000 USD
us-gaap Provision For Doubtful Accounts
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753000 USD
us-gaap Provision For Doubtful Accounts
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us-gaap Share Based Compensation
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21865000 USD
us-gaap Share Based Compensation
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1138000 USD
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11174000 USD
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923000 USD
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1355000 USD
us-gaap Increase Decrease In Inventories
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4416000 USD
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1576000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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163000 USD
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431000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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917000 USD
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2150000 USD
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4000000 USD
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1374000 USD
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5969000 USD
us-gaap Increase Decrease In Accrued Liabilities
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1076000 USD
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358000 USD
us-gaap Increase Decrease In Other Current Liabilities
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1185000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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820000 USD
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7837000 USD
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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993000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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123000 USD
us-gaap Payments To Develop Software
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6480000 USD
us-gaap Payments To Develop Software
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4155000 USD
us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
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207000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
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us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Issuance Of Secured Debt
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4976000 USD
lat Proceeds From Reverse Recapitalization Transaction Net Of Issuance Costs
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448035000 USD
lat Proceeds From Reverse Recapitalization Transaction Net Of Issuance Costs
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Proceeds From Issuance Of Unsecured Debt
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3441000 USD
us-gaap Repayments Of Unsecured Debt
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us-gaap Repayments Of Unsecured Debt
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3441000 USD
us-gaap Proceeds From Issuance Of Common Stock
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3040000 USD
us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Lines Of Credit
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us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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1316000 USD
us-gaap Repayments Of Lines Of Credit
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us-gaap Net Cash Provided By Used In Financing Activities
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448069000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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17435000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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179777000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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lat Costs Incurred But Not Yet Paid Tax Withholding Share Based Payment Arrangement
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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13872000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60529000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54218000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240306000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26363000 USD
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803000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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27000 USD
lat Embedded Derivative Bifurcation Debt Instruments
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0 USD
lat Embedded Derivative Bifurcation Debt Instruments
EmbeddedDerivativeBifurcationDebtInstruments
624000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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82000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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416000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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510000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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lat Costs Incurred But Not Yet Paid Tax Withholding Share Based Payment Arrangement
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24000 USD
lat Payments Of Reverse Recapitalization Cash Election
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2313000 USD
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CY2021Q2 lat Temporary Equity Shares Conversion Of Convertible Securities
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19300000 shares
CY2021Q2 lat Sale Of Stock Number Of Shares Issued In Transaction Used To Fund Cash Election
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300000 shares
CY2021Q2 lat Sale Of Stock Price Per Share Used To Fund Cash Election
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10.00
CY2021Q2 lat Sale Of Stock Consideration Received On Transaction Used To Fund Cash Election
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2600000 USD
CY2021Q2 us-gaap Common Stock Shares Issued
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140500000 shares
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140500000 shares
CY2021Q2 lat Proceeds From Reverse Recapitalization Transaction
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450000000 USD
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lat Cash Acquired Through Reverse Recapitalization
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us-gaap Proceeds From Issuance Of Private Placement
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192550000 USD
lat Payments Of Reverse Recapitalization Transaction Costs
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36783000 USD
lat Payments Of Reverse Recapitalization Issuance Costs
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5541000 USD
lat Proceeds From Reverse Recapitalization Transaction
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448035000 USD
lat Reverse Recapitalization Accrued Issuance Costs
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0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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13872000 USD
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510000 USD
lat Reverse Recapitalization Net
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434673000 USD
CY2021Q2 lat Recapitalization Exchange Ratio
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0.8971
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.0001
CY2021Q2 lat Recapitalization Exchange Ratio
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0.8971
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0.25
CY2020Q3 us-gaap Restructuring Charges
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100000 USD
us-gaap Restructuring Charges
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1000000 USD
us-gaap Use Of Estimates
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<div style="margin-bottom:9pt;margin-top:9pt;padding-left:18pt;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 condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expense during the reporting period. Estimates are used when accounting for revenue recognition, allowance for doubtful accounts, allowance for hardware returns, estimates of excess and obsolete inventory, stock-based compensation, warrants, impairment of fixed assets and capitalized internally developed software. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. These estimates are based on information available as of the date of the condensed consolidated financial statements. Due to the use of estimates inherent in the financial reporting process and given the unknowable duration and effects of the COVID-19 pandemic, actual results could differ from those estimates.</span></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:18pt;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 significant accounting policies for its condensed consolidated financial statements as of September 30, 2021 are summarized below and should be read in conjunction with the Summary of Significant Accounting Policies detailed in the Company’s Consolidated Financial Statements for the year ended December 31, 2020.</span></div>
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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100000 USD
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549000 USD
lat Capitalized Contract Cost Additions
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378000 USD
us-gaap Capitalized Contract Cost Amortization
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70000 USD
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857000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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23400000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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4500000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q3 us-gaap Revenue Remaining Performance Obligation
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18800000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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11200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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26800000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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5100000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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10600000 USD
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531000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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25978000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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0 USD
CY2021Q3 us-gaap Contract With Customer Liability
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23359000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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15522000 USD
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
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900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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2900000 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt;margin-top:9pt;padding-left:18pt;text-align:justify"><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 and trade accounts receivable. The Company invests its excess cash in low-risk, highly liquid money market funds with major financial institutions.</span></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant customers are those which represent more than 10% of the Company’s total revenue or gross accounts receivable balance at each balance sheet date. As of September 30, 2021, the Company had one customer that accounted for $2.5 million, or 13%, of gross accounts receivable. As of December 31, 2020, the Company had one customer that accounted for $1.5 million, or 15%, of gross accounts receivable. For the three and nine months ended September 30, 2021, the Company had one and two customers that accounted for $1.8 million and $5.9 million, or 16% and 22%, of total revenue, respectively. For the three months ended September 30, 2020, the Company had one customer that accounted for $0.9 million, or 17%, of total revenue. The Company had no customers that accounted for more than 10% of total revenue for the nine months ended September 30, 2020.</span></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
192371000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
98000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
192273000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
92156000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
92135000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
104215000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
104138000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
196371000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
196273000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
100000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
13390000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1122000 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2021Q3 lat Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySalesIssues
0 USD
lat Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySalesIssues
0 USD
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3284000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1875000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1631000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1653000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
753000 USD
CY2021Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
9422000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
4235000 USD
CY2021Q3 lat Capitalized Computer Software Construction In Progress
CapitalizedComputerSoftwareConstructionInProgress
6481000 USD
CY2020Q4 lat Capitalized Computer Software Construction In Progress
CapitalizedComputerSoftwareConstructionInProgress
4451000 USD
CY2021Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
2866000 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1270000 USD
CY2021Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
13037000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
7416000 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
3513000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2242000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6749000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6376000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
286000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
325000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
9976000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
8293000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12062000 USD
CY2021Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
5663000 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1246000 USD
CY2021Q3 lat Accrued Import Duties Current
AccruedImportDutiesCurrent
154000 USD
CY2020Q4 lat Accrued Import Duties Current
AccruedImportDutiesCurrent
204000 USD
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
454000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
284000 USD
CY2021Q3 lat Accrued Purchases Current
AccruedPurchasesCurrent
1498000 USD
CY2020Q4 lat Accrued Purchases Current
AccruedPurchasesCurrent
25000 USD
CY2021Q3 lat Accrued Excess Inventory Current
AccruedExcessInventoryCurrent
159000 USD
CY2020Q4 lat Accrued Excess Inventory Current
AccruedExcessInventoryCurrent
465000 USD
CY2021Q3 lat Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
3717000 USD
CY2020Q4 lat Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
3505000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
417000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
52000 USD
CY2021Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
2800000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5781000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
5481000 USD
CY2021Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
6900000 shares
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
600000 USD
CY2020Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
900000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2600000 USD
CY2021Q1 us-gaap Purchase Obligation
PurchaseObligation
3300000 USD
CY2021Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
400000 USD
CY2021Q2 lat Shares Authorized
SharesAuthorized
1100000000 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q2 lat Temporary Equity Shares Conversion Of Convertible Securities
TemporaryEquitySharesConversionOfConvertibleSecurities
71100000 shares
CY2021Q2 lat Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.8971
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
86665000 shares
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
54046000 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
64591 shares
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34239000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-34239000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-15874000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15874000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-112411000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-112411000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-46801000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-46801000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140675490 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7270903 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67933833 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7150235 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140675490 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7270903 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67933833 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7150235 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.18
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.55
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
34100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
65200000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
84600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
83300000 shares
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
747000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
9000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
803000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
27000 USD
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
6948000 USD
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
363000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
21865000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1070000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21651225 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
738207 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
262296 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.93
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6008995 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
788045 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.92
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15429772 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.78
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
161900000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
9920280 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.58
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
106003000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.60
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2700000 USD
CY2021Q2 lat Share Based Compensation Arrangement By Share Based Payment Award Options Cancellation Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancellationPercentage
0.25
CY2021Q2 lat Share Based Compensation Arrangement By Share Based Payment Award Options Consideration Per Share Upon Cancellation
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsConsiderationPerShareUponCancellation
10.00
CY2021Q2 lat Share Based Compensation Arrangement By Share Based Payment Award Options Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledInPeriod
300000 shares
CY2021Q2 lat Sale Of Stock Consideration Received On Transaction Used To Fund Cash Election
SaleOfStockConsiderationReceivedOnTransactionUsedToFundCashElection
2600000 USD
CY2021Q2 lat Sale Of Stock Number Of Shares Issued In Transaction Used To Fund Cash Election
SaleOfStockNumberOfSharesIssuedInTransactionUsedToFundCashElection
300000 shares
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90000.00 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000.000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000.000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q3 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
400000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
1400000 USD

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