$ML
MONEYLION INC.

2024 Q2 Form 10-Q Financial Statement

#000095017024091260 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2
Revenue $130.8M
YoY Change 22.81%
Cost Of Revenue $34.45M
YoY Change 6.88%
Gross Profit $96.40M
YoY Change 29.72%
Gross Profit Margin 73.67%
Selling, General & Admin $52.90M
YoY Change 34.78%
% of Gross Profit 54.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $205.0K
YoY Change -27.56%
% of Gross Profit 0.21%
Operating Expenses $125.1M
YoY Change 15.57%
Operating Profit $5.727M
YoY Change -432.97%
Interest Expense $6.714M
YoY Change -8.4%
% of Operating Profit 117.23%
Other Income/Expense, Net $2.381M
YoY Change 89.42%
Pretax Income $1.313M
YoY Change -104.69%
Income Tax -$1.824M
% Of Pretax Income -138.92%
Net Earnings $3.137M
YoY Change -111.32%
Net Earnings / Revenue 2.4%
Basic Earnings Per Share $0.29
Diluted Earnings Per Share $0.26
COMMON SHARES
Basic Shares Outstanding 10.79M
Diluted Shares Outstanding 12.09M

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.36M
YoY Change 1.68%
Cash & Equivalents $98.36M
Short-Term Investments
Other Short-Term Assets $5.241M
YoY Change -16.52%
Inventory
Prepaid Expenses
Receivables $196.8M
Other Receivables $23.04M
Total Short-Term Assets $323.5M
YoY Change 15.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.961M
YoY Change -16.48%
Goodwill
YoY Change
Intangibles $168.3M
YoY Change -9.15%
Long-Term Investments
YoY Change
Other Assets $52.49M
YoY Change 4.36%
Total Long-Term Assets $222.3M
YoY Change -6.24%
TOTAL ASSETS
Total Short-Term Assets $323.5M
Total Long-Term Assets $222.3M
Total Assets $545.7M
YoY Change 5.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.98M
YoY Change 14.42%
Accrued Expenses $14.70M
YoY Change 73.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.68M
YoY Change 24.2%
LONG-TERM LIABILITIES
Long-Term Debt $194.4M
YoY Change -4.72%
Other Long-Term Liabilities $23.08M
YoY Change 35.01%
Total Long-Term Liabilities $23.08M
YoY Change 35.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.68M
Total Long-Term Liabilities $23.08M
Total Liabilities $267.3M
YoY Change 1.14%
SHAREHOLDERS EQUITY
Retained Earnings -$692.5M
YoY Change -0.27%
Common Stock $1.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.700M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $278.5M
YoY Change
Total Liabilities & Shareholders Equity $545.7M
YoY Change 5.37%

Cashflow Statement

Concept 2024 Q2
OPERATING ACTIVITIES
Net Income $3.137M
YoY Change -111.32%
Depreciation, Depletion And Amortization $205.0K
YoY Change -27.56%
Cash From Operating Activities $47.80M
YoY Change 35.16%
INVESTING ACTIVITIES
Capital Expenditures $2.244M
YoY Change 37.0%
Acquisitions
YoY Change
Other Investing Activities -$41.68M
YoY Change 22.75%
Cash From Investing Activities -$43.92M
YoY Change 23.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.670M
YoY Change -68.05%
NET CHANGE
Cash From Operating Activities 47.80M
Cash From Investing Activities -43.92M
Cash From Financing Activities -2.670M
Net Change In Cash 1.208M
YoY Change -114.08%
FREE CASH FLOW
Cash From Operating Activities $47.80M
Capital Expenditures $2.244M
Free Cash Flow $45.55M
YoY Change 35.07%

Facts In Submission

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dei Entity Registrant Name
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dei Entity Incorporation State Country Code
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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CY2024Q2 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2023Q2 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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CY2023Q2 ml Change In Fair Value Of Contingent Consideration From Mergers And Acquisitions
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CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2023Q2 us-gaap Goodwill Impairment Loss
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us-gaap Goodwill Impairment Loss
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CY2024Q2 us-gaap Share Based Compensation
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CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
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CY2024Q2 us-gaap Deferred Income Tax Expense Benefit
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CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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CY2024Q2 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2023Q2 us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2024Q2 ml Increase Decrease In Enterprise Receivables
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CY2024Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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CY2024Q2 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2024Q2 ml Net Originations And Collections Of Finance Receivables
NetOriginationsAndCollectionsOfFinanceReceivables
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CY2023Q2 ml Net Originations And Collections Of Finance Receivables
NetOriginationsAndCollectionsOfFinanceReceivables
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NetOriginationsAndCollectionsOfFinanceReceivables
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CY2024Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q2 ml Settlement Of Contingent Consideration Related To Mergers And Acquisitions
SettlementOfContingentConsiderationRelatedToMergersAndAcquisitions
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ml Settlement Of Contingent Consideration Related To Mergers And Acquisitions
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CY2024Q2 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Other Long Term Debt
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us-gaap Proceeds From Repayments Of Other Long Term Debt
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CY2023Q2 us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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CY2023Q2 ml Payments For Automatic Conversion Of Redeemable Convertible Preferred Stock
PaymentsForAutomaticConversionOfRedeemableConvertiblePreferredStock
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PaymentsForAutomaticConversionOfRedeemableConvertiblePreferredStock
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CY2024Q2 ml Proceeds From Payments For Issuance Of Common Stock Related To Exercise Of Stock Options And Warrants
ProceedsFromPaymentsForIssuanceOfCommonStockRelatedToExerciseOfStockOptionsAndWarrants
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CY2023Q2 ml Proceeds From Payments For Issuance Of Common Stock Related To Exercise Of Stock Options And Warrants
ProceedsFromPaymentsForIssuanceOfCommonStockRelatedToExerciseOfStockOptionsAndWarrants
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ml Proceeds From Payments For Issuance Of Common Stock Related To Exercise Of Stock Options And Warrants
ProceedsFromPaymentsForIssuanceOfCommonStockRelatedToExerciseOfStockOptionsAndWarrants
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ml Proceeds From Payments For Issuance Of Common Stock Related To Exercise Of Stock Options And Warrants
ProceedsFromPaymentsForIssuanceOfCommonStockRelatedToExerciseOfStockOptionsAndWarrants
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CY2023Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2024Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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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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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103110000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102174000
CY2024Q2 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
7043000
us-gaap Interest Paid Net
InterestPaidNet
12848000
us-gaap Interest Paid Net
InterestPaidNet
14508000
CY2023Q2 ml Voluntary Conversion Of Preferred Stock To Common Stock
VoluntaryConversionOfPreferredStockToCommonStock
45000
ml Voluntary Conversion Of Preferred Stock To Common Stock
VoluntaryConversionOfPreferredStockToCommonStock
45000
CY2023Q2 ml Automatic Conversion Of Redeemable Convertible Preferred Stock To Common Stock
AutomaticConversionOfRedeemableConvertiblePreferredStockToCommonStock
174849000
ml Automatic Conversion Of Redeemable Convertible Preferred Stock To Common Stock
AutomaticConversionOfRedeemableConvertiblePreferredStockToCommonStock
174849000
CY2023Q2 ml Reversal Of Previously Accruedaccrued Dividends On Redeemable Convertible Preferred Stocks
ReversalOfPreviouslyAccruedaccruedDividendsOnRedeemableConvertiblePreferredStocks
2667000
ml Reversal Of Previously Accruedaccrued Dividends On Redeemable Convertible Preferred Stocks
ReversalOfPreviouslyAccruedaccruedDividendsOnRedeemableConvertiblePreferredStocks
690000
CY2023Q2 ml Issuance Of Common Stock To Settle Accrued Dividends On Preferred Stock And Preferred Stock Equivalents
IssuanceOfCommonStockToSettleAccruedDividendsOnPreferredStockAndPreferredStockEquivalents
3280000
ml Issuance Of Common Stock To Settle Accrued Dividends On Preferred Stock And Preferred Stock Equivalents
IssuanceOfCommonStockToSettleAccruedDividendsOnPreferredStockAndPreferredStockEquivalents
3280000
CY2023Q2 ml Equity Issued As Consideration For Mergers And Acquisitions
EquityIssuedAsConsiderationForMergersAndAcquisitions
1744000
ml Equity Issued As Consideration For Mergers And Acquisitions
EquityIssuedAsConsiderationForMergersAndAcquisitions
1864000
CY2023Q2 ml Equity Issued As Settlement Of Contingent Consideration Related To Malka Acquisitions
EquityIssuedAsSettlementOfContingentConsiderationRelatedToMalkaAcquisitions
1000
ml Equity Issued As Settlement Of Contingent Consideration Related To Malka Acquisitions
EquityIssuedAsSettlementOfContingentConsiderationRelatedToMalkaAcquisitions
1914000
CY2023Q2 ml Equity Issued As Settlement Of Contingent Consideration Related To Engine Acquisition
EquityIssuedAsSettlementOfContingentConsiderationRelatedToEngineAcquisition
1440000
ml Equity Issued As Settlement Of Contingent Consideration Related To Engine Acquisition
EquityIssuedAsSettlementOfContingentConsiderationRelatedToEngineAcquisition
1440000
ml Lease Liabilities Incurred In Exchange For Operating Rightofuse Assets
LeaseLiabilitiesIncurredInExchangeForOperatingRightofuseAssets
8885000
CY2023Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
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us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
At the effective time of the Reverse Stock Split, every 30 shares of Class A Common Stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of Class A Common Stock, and the total number of shares of Class A Common Stock authorized for issuance was reduced by a corresponding proportion from 2,000,000,000 shares to 66,666,666 shares
us-gaap Conversion Of Stock Type Of Stock Converted
ConversionOfStockTypeOfStockConverted
every 30 shares of Class A Common Stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of Class A Common Stock
CY2024Q2 ml Service And Subscription Fees
ServiceAndSubscriptionFees
89444000
CY2023Q2 ml Service And Subscription Fees
ServiceAndSubscriptionFees
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ml Service And Subscription Fees
ServiceAndSubscriptionFees
174653000
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ServiceAndSubscriptionFees
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CY2024Q2 ml Net Interests Income On Finance Receivables
NetInterestsIncomeOnFinanceReceivables
2956000
CY2023Q2 ml Net Interests Income On Finance Receivables
NetInterestsIncomeOnFinanceReceivables
3304000
ml Net Interests Income On Finance Receivables
NetInterestsIncomeOnFinanceReceivables
5889000
ml Net Interests Income On Finance Receivables
NetInterestsIncomeOnFinanceReceivables
6232000
CY2024Q2 ml Total Consumer Revenues
TotalConsumerRevenues
92400000
CY2023Q2 ml Total Consumer Revenues
TotalConsumerRevenues
69572000
ml Total Consumer Revenues
TotalConsumerRevenues
180542000
ml Total Consumer Revenues
TotalConsumerRevenues
134938000
CY2024Q2 ml Enterprise Service Revenues
EnterpriseServiceRevenues
38446000
CY2023Q2 ml Enterprise Service Revenues
EnterpriseServiceRevenues
36969000
ml Enterprise Service Revenues
EnterpriseServiceRevenues
71310000
ml Enterprise Service Revenues
EnterpriseServiceRevenues
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CY2024Q2 us-gaap Revenues
Revenues
130846000
CY2023Q2 us-gaap Revenues
Revenues
106541000
us-gaap Revenues
Revenues
251852000
us-gaap Revenues
Revenues
200210000
CY2024Q2 ml Fair Value Assets Transfer Amount Between Levels
FairValueAssetsTransferAmountBetweenLevels
0
CY2023Q2 ml Fair Value Assets Transfer Amount Between Levels
FairValueAssetsTransferAmountBetweenLevels
0
CY2024Q2 ml Fair Value Liabilities Transfer Amount Between Levels
FairValueLiabilitiesTransferAmountBetweenLevels
0
CY2023Q4 ml Fair Value Liabilities Transfer Amount Between Levels
FairValueLiabilitiesTransferAmountBetweenLevels
0
CY2024Q2 ml Net Charge Offs Of Accrued Interest Income
NetChargeOffsOfAccruedInterestIncome
272000
CY2023Q2 ml Net Charge Offs Of Accrued Interest Income
NetChargeOffsOfAccruedInterestIncome
366000
ml Net Charge Offs Of Accrued Interest Income
NetChargeOffsOfAccruedInterestIncome
509000
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NetChargeOffsOfAccruedInterestIncome
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CY2024Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
75085000
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
66815000
CY2024Q2 us-gaap Receivables Net Current
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CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
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CY2024Q2 us-gaap Notes And Loans Receivable Gross Current
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CY2023Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
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CY2024Q2 ml Fees Receivables
FeesReceivables
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CY2023Q4 ml Fees Receivables
FeesReceivables
16137000
CY2024Q2 ml Subscription Receivables
SubscriptionReceivables
4170000
CY2023Q4 ml Subscription Receivables
SubscriptionReceivables
3491000
CY2024Q2 ml Deferred Costs Origination Costs Amount
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CY2023Q4 ml Deferred Costs Origination Costs Amount
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CY2023Q4 us-gaap Interest Receivable Current
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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PropertyPlantAndEquipmentNet
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CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2024Q2 us-gaap Depreciation
Depreciation
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CY2023Q2 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2024Q2 us-gaap Capitalized Software Development Costs For Software Sold To Customers
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CY2023Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
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CY2024Q2 ml Intangible Assets Work In Progress
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CY2024Q2 us-gaap Finite Lived Customer Relationships Gross
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CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2024Q2 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
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CY2023Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
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CY2024Q2 ml Internal Use Software Cost Capitalized
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CY2023Q2 ml Internal Use Software Cost Capitalized
InternalUseSoftwareCostCapitalized
1689000
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InternalUseSoftwareCostCapitalized
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ml Internal Use Software Cost Capitalized
InternalUseSoftwareCostCapitalized
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CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6126000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12152000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
12318000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
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CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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AccountsReceivableGross
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CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
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CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
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CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
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CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13521000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6159000
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OthersAccruedAssets
4226000
CY2023Q4 ml Others Accrued Assets
OthersAccruedAssets
4051000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
52490000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
53559000
CY2024Q2 ml Unamortized Discounts And Debt Issuance Costs
UnamortizedDiscountsAndDebtIssuanceCosts
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CY2023Q4 ml Unamortized Discounts And Debt Issuance Costs
UnamortizedDiscountsAndDebtIssuanceCosts
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CY2024Q2 us-gaap Secured Debt
SecuredDebt
64482000
CY2023Q4 us-gaap Secured Debt
SecuredDebt
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CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
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CY2024Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
129932000
CY2023Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
125419000
us-gaap Debt Instrument Description
DebtInstrumentDescription
The interest rate as of June 30, 2024 on the Term A-1 Loans was 12.33%.
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1283000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
785000
us-gaap Operating Lease Cost
OperatingLeaseCost
2387000
us-gaap Operating Lease Cost
OperatingLeaseCost
1581000
CY2024Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
166000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
332000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2295000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4706000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3486000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3334000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3271000
CY2024Q2 ml Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2939000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
20031000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5333000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14698000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.133
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.277
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
us-gaap Common Stock Voting Rights
CommonStockVotingRights
one
us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
Shares of Series A Preferred Stock were convertible into shares of Class A Common Stock on a one-for-thirty basis, subject to customary anti-dilution adjustments.
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7531000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
5250000
us-gaap Share Based Compensation
ShareBasedCompensation
14028000
us-gaap Share Based Compensation
ShareBasedCompensation
10955000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
3137000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-27723000
us-gaap Profit Loss
ProfitLoss
10212000
us-gaap Profit Loss
ProfitLoss
-36940000
CY2023Q2 ml Reversal Of Previously Accruedaccrued Dividends On Redeemable Convertible Preferred Stocks
ReversalOfPreviouslyAccruedaccruedDividendsOnRedeemableConvertiblePreferredStocks
2667000
ml Reversal Of Previously Accruedaccrued Dividends On Redeemable Convertible Preferred Stocks
ReversalOfPreviouslyAccruedaccruedDividendsOnRedeemableConvertiblePreferredStocks
690000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3137000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25056000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10212000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36250000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10862853
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9234238
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10694635
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8944836
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1228568
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1260340
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12091421
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9234238
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11954975
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8944836
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.05
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.05
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1690695
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3885324
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1738251
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3885324
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
-180000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
true
CY2024Q2 ecd Trd Arr Adoption Date
TrdArrAdoptionDate
May 24, 2024

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