2022 Q2 Form 10-Q Financial Statement

#000107718322000081 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $125.1M $117.2M $125.7M
YoY Change 2.75% 1.42% -0.21%
Cost Of Revenue $81.13M $78.94M $80.48M
YoY Change 18.03% 6.73% 17.48%
Gross Profit $43.95M $38.23M $45.26M
YoY Change -17.07% -8.04% -21.29%
Gross Profit Margin 35.14% 32.63% 35.99%
Selling, General & Admin $70.13M $82.55M $67.50M
YoY Change -2.41% 52.23% 43.0%
% of Gross Profit 159.59% 215.91% 149.14%
Research & Development $8.626M $7.713M $8.513M
YoY Change 146.81% 214.05% 305.38%
% of Gross Profit 19.63% 20.17% 18.81%
Depreciation & Amortization $17.02M $8.395M $16.86M
YoY Change 59.05% 25.67% 75.28%
% of Gross Profit 38.72% 21.96% 37.26%
Operating Expenses $82.40M $90.26M $84.49M
YoY Change 9.34% 59.24% 63.1%
Operating Profit -$38.45M -$52.03M -$39.23M
YoY Change 71.91% 244.4% -788.23%
Interest Expense -$926.0K $1.301M -$1.707M
YoY Change -202.66% 10.54% -22.41%
% of Operating Profit
Other Income/Expense, Net -$405.0K $168.0K -$930.0K
YoY Change -336.84% -103.46% -122.14%
Pretax Income -$41.03M -$53.16M -$44.20M
YoY Change -155.88% 151.49% -681.63%
Income Tax -$5.730M -$3.753M -$2.445M
% Of Pretax Income
Net Earnings -$35.30M -$49.41M -$41.76M
YoY Change -146.53% 123.42% -371.16%
Net Earnings / Revenue -28.23% -42.17% -33.21%
Basic Earnings Per Share
Diluted Earnings Per Share -$284.5K -$399.6K -$340.6K
COMMON SHARES
Basic Shares Outstanding 124.8M shares 123.6M shares 123.1M shares
Diluted Shares Outstanding 124.1M shares 123.6M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $466.0M $481.4M $515.4M
YoY Change -18.5% -40.02% 73.97%
Cash & Equivalents $283.6M $305.9M $316.8M
Short-Term Investments $182.3M $175.5M $198.6M
Other Short-Term Assets $21.22M $20.69M $8.189M
YoY Change 151.92% 342.63% 79.78%
Inventory $21.86M $23.84M $23.40M
Prepaid Expenses $14.34M $12.35M
Receivables $113.2M $110.8M $112.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $622.3M $651.1M $681.5M
YoY Change -13.79% -30.93% 51.87%
LONG-TERM ASSETS
Property, Plant & Equipment $211.0M $108.9M $109.5M
YoY Change 88.06% 15.51% 27.47%
Goodwill $527.1M $527.1M
YoY Change 149.7% 149.72%
Intangibles $433.8M $442.3M
YoY Change 267.05% 266.61%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $6.095M $6.600M $7.168M
YoY Change -20.58% 25.17% 59.18%
Total Long-Term Assets $1.170B $1.178B $1.188B
YoY Change -0.4% 113.61% 120.21%
TOTAL ASSETS
Total Short-Term Assets $622.3M $651.1M $681.5M
Total Long-Term Assets $1.170B $1.178B $1.188B
Total Assets $1.792B $1.830B $1.870B
YoY Change -5.49% 22.43% 89.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.85M $20.48M $17.92M
YoY Change -26.92% 8.26% -28.22%
Accrued Expenses $59.06M $54.85M $62.98M
YoY Change -15.22% 28.15% 52.5%
Deferred Revenue $6.119M $5.192M
YoY Change 53.28% 28.87%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $410.0K $621.0K $1.135M
YoY Change -78.57% -70.43%
Total Short-Term Liabilities $82.67M $82.07M $87.23M
YoY Change -16.61% 21.14% 19.2%
LONG-TERM LIABILITIES
Long-Term Debt $533.9M $533.2M $532.6M
YoY Change 0.45% 0.39% 214.93%
Other Long-Term Liabilities $86.05M $14.14M $14.02M
YoY Change 2166.78% 281.47% 245.71%
Total Long-Term Liabilities $619.9M $672.5M $674.3M
YoY Change -4.45% 15.36% 205.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.67M $82.07M $87.23M
Total Long-Term Liabilities $619.9M $672.5M $674.3M
Total Liabilities $748.6M $754.5M $761.5M
YoY Change 0.09% 15.96% 158.98%
SHAREHOLDERS EQUITY
Retained Earnings -$64.25M -$14.84M
YoY Change 124.61% 106.5%
Common Stock $1.142B $1.124B
YoY Change 30.93% 60.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.044B $1.075B $1.108B
YoY Change
Total Liabilities & Shareholders Equity $1.792B $1.830B $1.870B
YoY Change -5.49% 22.43% 89.19%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$35.30M -$49.41M -$41.76M
YoY Change -146.53% 123.42% -371.16%
Depreciation, Depletion And Amortization $17.02M $8.395M $16.86M
YoY Change 59.05% 25.67% 75.28%
Cash From Operating Activities -$17.00M -$29.04M -$19.78M
YoY Change 1122.73% -1414.03% -430.15%
INVESTING ACTIVITIES
Capital Expenditures -$10.29M $8.219M -$11.99M
YoY Change -51.78% -48.08% 4.14%
Acquisitions
YoY Change
Other Investing Activities $4.020M $20.27M $2.404M
YoY Change -100.93% -114.6% -113.86%
Cash From Investing Activities -$6.274M $12.05M -$9.583M
YoY Change -98.62% -107.79% -66.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.403M
YoY Change 144.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.011M $6.057M 2.460M
YoY Change -99.51% -98.85% -70.25%
NET CHANGE
Cash From Operating Activities -17.00M -$29.04M -19.78M
Cash From Investing Activities -6.274M $12.05M -9.583M
Cash From Financing Activities 1.011M $6.057M 2.460M
Net Change In Cash -22.26M -$10.93M -26.90M
YoY Change -91.1% -102.93% 84.37%
FREE CASH FLOW
Cash From Operating Activities -$17.00M -$29.04M -$19.78M
Capital Expenditures -$10.29M $8.219M -$11.99M
Free Cash Flow -$6.702M -$37.26M -$7.789M
YoY Change -133.58% 173.54% -144.51%

Facts In Submission

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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-160000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-22114000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
843714000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-49408000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-22114000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
8395000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
6680000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8490000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2458000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
12103000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2653000 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
2653000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1862000 USD
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
661000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
593000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
45000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
43000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-5024000 USD
CY2022Q1 neo Receivable With Imputed Interest Non Consolidated Affiliates
ReceivableWithImputedInterestNonConsolidatedAffiliates
0 USD
CY2021Q1 neo Receivable With Imputed Interest Non Consolidated Affiliates
ReceivableWithImputedInterestNonConsolidatedAffiliates
209000 USD
CY2022Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
2048000 USD
CY2021Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2022Q1 neo Polymerase Chain Reaction Testing Exit Costs Covid19
PolymeraseChainReactionTestingExitCostsCOVID19
0 USD
CY2021Q1 neo Polymerase Chain Reaction Testing Exit Costs Covid19
PolymeraseChainReactionTestingExitCostsCOVID19
6061000 USD
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1126000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
548000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1334000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3921000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
445000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2845000 USD
CY2022Q1 neo Increase Decrease In Prepaid Construction
IncreaseDecreaseInPrepaidConstruction
0 USD
CY2021Q1 neo Increase Decrease In Prepaid Construction
IncreaseDecreaseInPrepaidConstruction
823000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2044000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
794000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-9902000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-6538000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-29040000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2210000 USD
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
16167000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
137776000 USD
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
36438000 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
13919000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8219000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15831000 USD
CY2022Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
CY2021Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
15000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12052000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-154688000 USD
CY2022Q1 neo Repayments Of Equipment And Other Finance Obligation
RepaymentsOfEquipmentAndOtherFinanceObligation
346000 USD
CY2021Q1 neo Repayments Of Equipment And Other Finance Obligation
RepaymentsOfEquipmentAndOtherFinanceObligation
1091000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6403000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2617000 USD
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2021Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
334410000 USD
CY2022Q1 neo Payments Of Premiums For Capped Call Confirmations
PaymentsOfPremiumsForCappedCallConfirmations
0 USD
CY2021Q1 neo Payments Of Premiums For Capped Call Confirmations
PaymentsOfPremiumsForCappedCallConfirmations
29291000 USD
CY2022Q1 neo Proceeds From Equity Offering Net
ProceedsFromEquityOfferingNet
0 USD
CY2021Q1 neo Proceeds From Equity Offering Net
ProceedsFromEquityOfferingNet
218290000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6057000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
524935000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10931000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
372457000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
316827000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250632000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
305896000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
623089000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
305896000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
611970000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
11119000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
305896000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
623089000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
442000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
41000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-49000 USD
CY2022Q1 neo Noncash Gain On Sale Of Property Included In Accounts Receivable Net
NoncashGainOnSaleOfPropertyIncludedInAccountsReceivableNet
12098000 USD
CY2021Q1 neo Noncash Gain On Sale Of Property Included In Accounts Receivable Net
NoncashGainOnSaleOfPropertyIncludedInAccountsReceivableNet
0 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1061000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2081000 USD
CY2021Q1 neo Polymerase Chain Reaction Testing Exit Costs Covid19
PolymeraseChainReactionTestingExitCostsCOVID19
6100000 USD
CY2021Q1 neo Polymerase Chain Reaction Testing Write Offs Covid19
PolymeraseChainReactionTestingWriteOffsCOVID19
5300000 USD
CY2021Q1 neo Polymerase Chain Reaction Testing General And Administrative Expenses Covid19
PolymeraseChainReactionTestingGeneralAndAdministrativeExpensesCOVID19
800000 USD
CY2022Q1 neo Polymerase Chain Reaction Testing General And Administrative Expenses Covid19
PolymeraseChainReactionTestingGeneralAndAdministrativeExpensesCOVID19
0 USD
CY2021Q4 neo Social Security Tax Employer Deferral Cares Act
SocialSecurityTaxEmployerDeferralCARESAct
3000000 USD
CY2022Q1 neo Social Security Tax Employer Deferral Cares Act
SocialSecurityTaxEmployerDeferralCARESAct
3000000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company prepares its Consolidated Financial Statements in conformity with GAAP. These principles require management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, together with amounts disclosed in the related notes to the Consolidated Financial Statements. Actual results and outcomes may differ from management’s estimates, judgments and assumptions. Significant estimates, judgments and assumptions used in these Consolidated Financial Statements include, but are not limited, to those related to revenues, accounts receivable and related allowances, contingencies, useful lives and recovery of long-term assets and intangible assets, income taxes and valuation allowances, stock-based compensation, business combinations, and impairment analysis of goodwill. These estimates, judgments, and assumptions are reviewed periodically and the effects of material revisions in estimates are reflected on the Consolidated Financial Statements prospectively from the date of the change in estimate.</span></div>
CY2022Q1 neo Asset Held For Sale Square Feet Of Facility Owned
AssetHeldForSaleSquareFeetOfFacilityOwned
43560 sqft
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
10100000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
12100000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2000000 USD
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2700000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
178808000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000 USD
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3275000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
175534000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
199464000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
22000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
923000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
198563000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
400000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
600000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
108392000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
67142000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
175534000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
104711000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
93852000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
198563000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
527115000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
527115000 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
501380000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
67545000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
433835000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
501380000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59055000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
442325000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8490000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2458000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
25389000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
33899000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
33899000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
33798000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
33485000 USD
CY2022Q1 neo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
259918000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
420388000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12100000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2961195 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.46
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1218481 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
25.03
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
471609 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.70
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
747269 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
29.56
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2960798 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.11
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1343021 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
19.37
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
9.98
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
12500000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2022Q1 us-gaap Accelerated Share Repurchase Program Adjustment
AcceleratedShareRepurchaseProgramAdjustment
5900000 USD
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q1 us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
Collection of consideration the Company expects to receive typically occurs within 30 to 60 days of billing for commercial insurance, Medicare and other governmental and self-pay payers and within 60 to 90 days of billing for client payers.
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1643000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1738000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
261000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
236000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1904000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1974000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
168000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
109000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
972000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
882000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
1140000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
991000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6119000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5192000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1081000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
917000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7200000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6109000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3100000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2700000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
100000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
200000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
117169000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
115533000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-49408000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22114000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
123630000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
116199000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123630000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116199000 shares
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.40
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.19
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.40
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.19
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
117169000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
115533000 USD
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
78937000 USD
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
73959000 USD
CY2022Q1 us-gaap Gross Profit
GrossProfit
38232000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
41574000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
66248000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40476000 USD
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7713000 USD
CY2021Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2456000 USD
CY2022Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
16299000 USD
CY2021Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13749000 USD
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
90260000 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
56681000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-52028000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-15107000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
1301000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
1177000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
168000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4854000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-53161000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-21138000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3753000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
976000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-49408000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-22114000 USD

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a03312022neo-ex311.htm Edgar Link pending
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