2024 Q2 Form 10-Q Financial Statement
#000137763024000077 Filed on May 06, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $54.70M | $37.40M |
YoY Change | 269.59% | 7.16% |
Cost Of Revenue | $3.700M | $3.600M |
YoY Change | -26.0% | -36.84% |
Gross Profit | $51.00M | $33.80M |
YoY Change | 420.41% | 15.75% |
Gross Profit Margin | 93.24% | 90.37% |
Selling, General & Admin | $23.00M | $23.50M |
YoY Change | 69.12% | -22.44% |
% of Gross Profit | 45.1% | 69.53% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $10.60M | $10.50M |
YoY Change | 863.64% | 40.0% |
% of Gross Profit | 20.78% | 31.07% |
Operating Expenses | $23.00M | $23.50M |
YoY Change | 56.46% | -22.44% |
Operating Profit | -$9.300M | -$22.70M |
YoY Change | 89.8% | -25.82% |
Interest Expense | $700.0K | -$400.0K |
YoY Change | -122.58% | -98.33% |
% of Operating Profit | ||
Other Income/Expense, Net | $600.0K | -$12.00M |
YoY Change | -250.0% | -48.72% |
Pretax Income | -$8.700M | -$34.70M |
YoY Change | -101.6% | -35.74% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$8.700M | -$34.70M |
YoY Change | -101.6% | -23.74% |
Net Earnings / Revenue | -15.9% | -92.78% |
Basic Earnings Per Share | -$0.09 | -$0.36 |
Diluted Earnings Per Share | -$0.09 | -$0.36 |
COMMON SHARES | ||
Basic Shares Outstanding | 96.57M shares | 97.02M shares |
Diluted Shares Outstanding | 96.41M | 96.92M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $53.80M | $57.10M |
YoY Change | 226.06% | -18.08% |
Cash & Equivalents | $53.80M | $57.10M |
Short-Term Investments | ||
Other Short-Term Assets | $11.90M | $11.70M |
YoY Change | 67.61% | -8.59% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $50.70M | $48.60M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $116.4M | $117.4M |
YoY Change | 389.08% | -3.53% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $15.80M | $15.90M |
YoY Change | -6.51% | 30.33% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.000M | $1.000M |
YoY Change | -94.9% | -23.08% |
Other Assets | $17.30M | $17.80M |
YoY Change | -202.37% | -19.46% |
Total Long-Term Assets | $410.8M | $421.2M |
YoY Change | 1995.92% | -31.9% |
TOTAL ASSETS | ||
Total Short-Term Assets | $116.4M | $117.4M |
Total Long-Term Assets | $410.8M | $421.2M |
Total Assets | $527.2M | $538.6M |
YoY Change | 1114.75% | -27.24% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $16.30M | $16.20M |
YoY Change | 579.17% | -32.5% |
Accrued Expenses | $1.700M | $1.700M |
YoY Change | -32.0% | -93.66% |
Deferred Revenue | $12.60M | $13.00M |
YoY Change | 231.58% | 41.3% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $47.50M | $42.50M |
YoY Change | 384.69% | -96.47% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $10.00M | $10.00M |
YoY Change | ||
Other Long-Term Liabilities | $11.50M | $83.80M |
YoY Change | -78.26% | 381.61% |
Total Long-Term Liabilities | $91.80M | $93.80M |
YoY Change | 73.53% | 39.58% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $47.50M | $42.50M |
Total Long-Term Liabilities | $91.80M | $93.80M |
Total Liabilities | $139.3M | $136.3M |
YoY Change | 122.17% | -89.28% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $263.8M | $281.8M |
YoY Change | 137.02% | -167.76% |
Common Stock | $2.500M | $2.500M |
YoY Change | 47.06% | 47.06% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $387.9M | $402.3M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $527.2M | $538.6M |
YoY Change | 1114.75% | -27.24% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$8.700M | -$34.70M |
YoY Change | -101.6% | -23.74% |
Depreciation, Depletion And Amortization | $10.60M | $10.50M |
YoY Change | 863.64% | 40.0% |
Cash From Operating Activities | $7.700M | $24.10M |
YoY Change | -230.51% | 131.73% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $1.300M | $1.500M |
YoY Change | 1200.0% | 50.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $200.0K | $200.0K |
YoY Change | -33.33% | |
Cash From Investing Activities | -$1.100M | -$1.300M |
YoY Change | 1000.0% | 85.71% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $2.60 | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -9.900M | -$300.0K |
YoY Change | -80.04% | -87.5% |
NET CHANGE | ||
Cash From Operating Activities | 7.700M | $24.10M |
Cash From Investing Activities | -1.100M | -$1.300M |
Cash From Financing Activities | -9.900M | -$300.0K |
Net Change In Cash | -3.300M | $22.50M |
YoY Change | -94.06% | 208.22% |
FREE CASH FLOW | ||
Cash From Operating Activities | $7.700M | $24.10M |
Capital Expenditures | $1.300M | $1.500M |
Free Cash Flow | $6.400M | $22.60M |
YoY Change | -206.67% | 140.43% |
Facts In Submission
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CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-54000000.0 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-8500000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45500000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-45500000 | usd |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.36 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.13 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.36 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.13 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
96918564 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14550799 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
96918564 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14550799 | shares |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-54000000.0 | usd |
CY2024Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
1000000.0 | usd |
CY2023Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
1300000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9500000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
6200000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2600000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1500000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
200000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2700000 | usd |
CY2024Q1 | ncminc |
Non Cash Gain Loss On Re Measurement Of Payable To Founding Members Under Tax Sharing Agreement
NonCashGainLossOnReMeasurementOfPayableToFoundingMembersUnderTaxSharingAgreement
|
-12300000 | usd |
CY2023Q1 | ncminc |
Non Cash Gain Loss On Re Measurement Of Payable To Founding Members Under Tax Sharing Agreement
NonCashGainLossOnReMeasurementOfPayableToFoundingMembersUnderTaxSharingAgreement
|
600000 | usd |
CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
200000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | usd |
CY2024Q1 | ncminc |
Proceeds From Integration And Other Encumbered Theater Payments Made By Affiliates Operating Activities
ProceedsFromIntegrationAndOtherEncumberedTheaterPaymentsMadeByAffiliatesOperatingActivities
|
300000 | usd |
CY2023Q1 | ncminc |
Proceeds From Integration And Other Encumbered Theater Payments Made By Affiliates Operating Activities
ProceedsFromIntegrationAndOtherEncumberedTheaterPaymentsMadeByAffiliatesOperatingActivities
|
3900000 | usd |
CY2024Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
0 | usd |
CY2023Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
200000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-47900000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-52700000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-17100000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6400000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
1700000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
3500000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-900000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
3200000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1000000.0 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
100000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
5000000.0 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
24100000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10400000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1500000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1000000.0 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
-300000 | usd |
CY2024Q1 | ncminc |
Proceeds From Equity Method Investment Investing Activities
ProceedsFromEquityMethodInvestmentInvestingActivities
|
200000 | usd |
CY2023Q1 | ncminc |
Proceeds From Equity Method Investment Investing Activities
ProceedsFromEquityMethodInvestmentInvestingActivities
|
0 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1300000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-700000 | usd |
CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
300000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
400000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
800000 | usd |
CY2024Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd |
CY2023Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1200000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-300000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2400000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22500000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7300000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
37600000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
63800000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
60100000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71100000 | usd |
CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
7200000 | usd |
CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2024Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
500000 | usd |
CY2023Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
200000 | usd |
CY2024Q1 | us-gaap |
Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
0 | usd |
CY2023Q1 | us-gaap |
Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
10300000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
200000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
12200000 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
100000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-464000000.0 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-15500000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
10300000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
4369080 | shares |
CY2023Q1 | ncminc |
Adjustments To Additional Paid In Capital Investment In Subsidiary
AdjustmentsToAdditionalPaidInCapitalInvestmentInSubsidiary
|
-10300000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-54000000.0 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
100000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1600000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-531800000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
434500000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
-200000 | shares |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-34700000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
100000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2600000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
402300000 | usd |
CY2024Q1 | ncminc |
Agreement With Founding Members Remaining Term
AgreementWithFoundingMembersRemainingTerm
|
P14Y9M18D | |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
3000000.0 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2600000 | usd |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:6pt;margin-top:6pt;text-indent:29.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of the financial statements in conformity 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include those related to the reserve for uncollectible accounts receivable, share-based compensation and income taxes. Actual results could differ from estimates.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:29.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reverse Stock Split</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—On August 3, 2023, the Company effected a one-for-ten (1:10) reverse stock split of its common stock, par value $0.01 per share. The reverse stock split, which was authorized by its Board of Directors, was approved by the Company’s stockholders on August 2, 2023. The reverse stock split reduced the number of outstanding shares of the Company’s common stock from 174,112,385 shares as of August 3, 2023, to 17,411,323 shares outstanding post-split. The primary purpose of the reverse stock split was to comply with the Company’s obligations under a settlement reached between the Company, NCM LLC and certain lender parties thereto in connection with the Chapter 11 Case (the “NCMI 9019 Settlement”) and so that the Plan may become effective as well as to increase the per share market price of the Company’s common stock in an effort to maintain compliance with applicable Nasdaq continued listing standards with respect to the closing price of the Company’s common stock. The number of shares of common stock issued and outstanding for the three months ended March 30, 2023 prior to the reverse stock split have been retroactively adjusted by the one-for-ten reverse stock split.</span></div> | |
CY2023Q3 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1:10 | |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
174112385 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17411323 | shares |
CY2024Q1 | ncminc |
Customer With Revenue In Excess Of Ten Percent Of Accounts Receivable
CustomerWithRevenueInExcessOfTenPercentOfAccountsReceivable
|
0 | |
CY2023Q4 | ncminc |
Customer Percentage Of Accounts Receivable
CustomerPercentageOfAccountsReceivable
|
0.100 | |
CY2024Q1 | ncminc |
Customer With Revenue In Excess Of Ten Percent Of Total Revenue
CustomerWithRevenueInExcessOfTenPercentOfTotalRevenue
|
1 | |
CY2023Q1 | ncminc |
Customer With Revenue In Excess Of Ten Percent Of Total Revenue
CustomerWithRevenueInExcessOfTenPercentOfTotalRevenue
|
1 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
6300000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
187602 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
204431 | shares |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1600000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45500000 | usd |
CY2024Q1 | ncminc |
Consolidation Lessthan Wholly Owned Subsidiary Parent Ownership Interest Changes Income Tax And Other Impacts Of Subsidiary Ownership Change
ConsolidationLessthanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIncomeTaxAndOtherImpactsOfSubsidiaryOwnershipChange
|
0 | usd |
CY2023Q1 | ncminc |
Consolidation Lessthan Wholly Owned Subsidiary Parent Ownership Interest Changes Income Tax And Other Impacts Of Subsidiary Ownership Change
ConsolidationLessthanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIncomeTaxAndOtherImpactsOfSubsidiaryOwnershipChange
|
27500000 | usd |
CY2024Q1 | us-gaap |
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
|
-18400000 | usd |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
37400000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
34900000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
6.7 | usd |
CY2024Q1 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
1600000 | usd |
CY2023Q1 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
3500000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34700000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45500000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
96918564 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14550799 | shares |
CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
96918564 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14550799 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.36 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.13 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.36 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.13 | |
CY2023Q3 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1:10 | |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
174112385 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17411323 | shares |
CY2024Q1 | us-gaap |
Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
|
-557700000 | usd |
CY2024Q1 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
167800000 | usd |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
28.3 | usd |
CY2028 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
37.8 | usd |
CY2025 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
37.8 | usd |
CY2024Q1 | ncminc |
Percentage Of Cash Savings Related To Taxes
PercentageOfCashSavingsRelatedToTaxes
|
0.90 | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2024Q1 | ncminc |
Deferred Income Tax Expense Net Of Valuation Allowance
DeferredIncomeTaxExpenseNetOfValuationAllowance
|
0.0 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
11300000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1.2 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
11900000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y8M12D | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.074 | |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
800000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
900000 | usd |
CY2024Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
100000 | usd |
CY2023Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
100000 | usd |
CY2024Q1 | us-gaap |
Lease Cost
LeaseCost
|
900000 | usd |
CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
1000000.0 | usd |
CY2024Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
800000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
1000000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
5900000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
6200000 | usd |
CY2024Q1 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
258300000 | usd |
CY2023Q4 | ncminc |
Guarantor Obligations Maximum Exposure Undiscounted Additional Amount Accrued
GuarantorObligationsMaximumExposureUndiscountedAdditionalAmountAccrued
|
0 | usd |
CY2024Q1 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
1000000.0 | usd |
CY2023Q4 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
700000 | usd |
CY2024Q2 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
509348 | shares |
CY2024Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2.6 | usd |