2023 Q2 Form 10-Q Financial Statement

#000164511323000037 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $126.1M $122.2M
YoY Change -10.52% -11.17%
Cost Of Revenue $34.02M $29.61M
YoY Change 19.35% 6.81%
Gross Profit $92.03M $92.57M
YoY Change -18.09% -15.71%
Gross Profit Margin 73.01% 75.76%
Selling, General & Admin $99.27M $93.11M
YoY Change 29.9% 36.15%
% of Gross Profit 107.86% 100.59%
Research & Development $55.43M $59.70M
YoY Change -2.89% 41.36%
% of Gross Profit 60.23% 64.5%
Depreciation & Amortization $2.721M $2.722M
YoY Change 2.52% 4.29%
% of Gross Profit 2.96% 2.94%
Operating Expenses $154.7M $152.8M
YoY Change 15.88% 38.14%
Operating Profit -$62.66M -$60.25M
YoY Change 196.57% 7375.06%
Interest Expense $8.756M $9.169M
YoY Change -493.0% -636.51%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$53.90M -$51.08M
YoY Change 130.79% 1931.01%
Income Tax $3.514M $1.981M
% Of Pretax Income
Net Earnings -$57.42M -$53.06M
YoY Change 139.16% 1041.83%
Net Earnings / Revenue -45.55% -43.43%
Basic Earnings Per Share -$0.54 -$0.50
Diluted Earnings Per Share -$0.54 -$0.50
COMMON SHARES
Basic Shares Outstanding 106.2M shares 105.5M shares
Diluted Shares Outstanding 106.3M shares 105.7M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $940.8M $958.0M
YoY Change 16.48% 2.76%
Cash & Equivalents $140.0M $186.0M
Short-Term Investments $790.8M $813.8M
Other Short-Term Assets $516.0K $676.0K
YoY Change -99.64% -23.96%
Inventory $33.02M $31.72M
Prepaid Expenses
Receivables $70.99M $74.83M
Other Receivables $20.15M $23.73M
Total Short-Term Assets $1.065B $1.089B
YoY Change -2.66% 0.78%
LONG-TERM ASSETS
Property, Plant & Equipment $78.95M $36.45M
YoY Change 197.25% 45.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.57M $11.15M
YoY Change 33.71% -5.75%
Total Long-Term Assets $93.53M $85.35M
YoY Change 37.3% 22.57%
TOTAL ASSETS
Total Short-Term Assets $1.065B $1.089B
Total Long-Term Assets $93.53M $85.35M
Total Assets $1.159B $1.174B
YoY Change -0.31% 2.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.54M $81.47M
YoY Change 3.29% 17.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $150.1M $148.8M
YoY Change 10.85% 16.41%
LONG-TERM LIABILITIES
Long-Term Debt $567.2M $566.3M
YoY Change 0.59% 0.59%
Other Long-Term Liabilities $26.10M $136.0K
YoY Change 10818.41% -12.82%
Total Long-Term Liabilities $593.2M $593.4M
YoY Change 1.31% 1.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.1M $148.8M
Total Long-Term Liabilities $593.2M $593.4M
Total Liabilities $743.3M $742.2M
YoY Change 3.1% 3.9%
SHAREHOLDERS EQUITY
Retained Earnings -$888.9M -$831.5M
YoY Change 24.4% 20.41%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $415.7M $432.1M
YoY Change
Total Liabilities & Shareholders Equity $1.159B $1.174B
YoY Change -0.31% 2.1%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$57.42M -$53.06M
YoY Change 139.16% 1041.83%
Depreciation, Depletion And Amortization $2.721M $2.722M
YoY Change 2.52% 4.29%
Cash From Operating Activities -$22.74M -$16.73M
YoY Change -244.25% 353.68%
INVESTING ACTIVITIES
Capital Expenditures $6.931M $6.088M
YoY Change 67.78% 19.54%
Acquisitions
YoY Change
Other Investing Activities -$6.966M $88.38M
YoY Change -104.36% -817.5%
Cash From Investing Activities -$13.90M $82.29M
YoY Change -108.92% -572.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000K $7.000K
YoY Change -57.14% 0.0%
Cash From Financing Activities 7.502M $5.204M
YoY Change 58.4% 65.68%
NET CHANGE
Cash From Operating Activities -22.74M -$16.73M
Cash From Investing Activities -13.90M $82.29M
Cash From Financing Activities 7.502M $5.204M
Net Change In Cash -29.13M $70.81M
YoY Change -116.54% -493.78%
FREE CASH FLOW
Cash From Operating Activities -$22.74M -$16.73M
Capital Expenditures $6.931M $6.088M
Free Cash Flow -$29.67M -$22.82M
YoY Change -355.08% 159.85%

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AmortizationOfDebtDiscountPremium
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IncreaseDecreaseInInventories
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IncreaseDecreaseInInventories
4804000 usd
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IncreaseDecreaseInInventories
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IncreaseDecreaseInOtherNoncurrentAssets
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IncreaseDecreaseInOtherNoncurrentAssets
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q1 us-gaap Payments To Acquire Held To Maturity Securities
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CY2023Q1 us-gaap Repayments Of Long Term Debt
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ProceedsFromStockOptionsExercised
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NetCashProvidedByUsedInFinancingActivities
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NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 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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CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
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CY2023Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
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CY2023Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
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CY2023Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
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CY2023Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
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CY2023Q1 nvcr Cash Cash Equivalents Available For Sale And Held To Maturity Debt Securities Amortized Cost
CashCashEquivalentsAvailableForSaleAndHeldToMaturityDebtSecuritiesAmortizedCost
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CY2023Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedGain
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CY2023Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedLoss
1467000 usd
CY2023Q1 nvcr Cash Cash Equivalents Available For Sale And Held To Maturity Debt Securities Fair Value
CashCashEquivalentsAvailableForSaleAndHeldToMaturityDebtSecuritiesFairValue
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CY2023Q1 nvcr Cash Cash Equivalents Available For Sale And Held To Maturity Debt Securities
CashCashEquivalentsAvailableForSaleAndHeldToMaturityDebtSecurities
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CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
537153000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
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CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
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CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
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CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
537153000 usd
CY2022Q4 nvcr Cash Cash Equivalents Available For Sale And Held To Maturity Debt Securities Amortized Cost
CashCashEquivalentsAvailableForSaleAndHeldToMaturityDebtSecuritiesAmortizedCost
969425000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedGain
1086000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedLoss
1139000 usd
CY2022Q4 nvcr Cash Cash Equivalents Available For Sale And Held To Maturity Debt Securities Fair Value
CashCashEquivalentsAvailableForSaleAndHeldToMaturityDebtSecuritiesFairValue
969372000 usd
CY2022Q4 nvcr Cash Cash Equivalents Available For Sale And Held To Maturity Debt Securities
CashCashEquivalentsAvailableForSaleAndHeldToMaturityDebtSecurities
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CY2022Q4 us-gaap Held To Maturity Securities Transferred Security Unrealized Gain Loss
HeldToMaturitySecuritiesTransferredSecurityUnrealizedGainLoss
-911000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
342403000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1467000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
363375000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1139000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4590000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4314000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9797000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9321000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
17336000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15741000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
31723000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
29376000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
76.97
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
429752 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
12.07
CY2023Q1 us-gaap Deposits Assets
DepositsAssets
2341000 usd
CY2022Q4 us-gaap Deposits Assets
DepositsAssets
2296000 usd
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
2700000 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
2459000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
63147 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
96.06
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
40.86
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
30.28
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104660476 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104186120 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.88
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
48670000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
45362000 usd
CY2023Q1 us-gaap Revenues
Revenues
122182000 usd
CY2022Q1 us-gaap Revenues
Revenues
137547000 usd
CY2022 us-gaap Revenues
Revenues
537840000 usd

Files In Submission

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0001645113-23-000037-index.html Edgar Link pending
0001645113-23-000037.txt Edgar Link pending
0001645113-23-000037-xbrl.zip Edgar Link pending
ex1012023q1frankleonardemp.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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nvcr-20230331exx311.htm Edgar Link pending
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nvcr-20230331_def.xml Edgar Link unprocessable
nvcr-20230331_lab.xml Edgar Link unprocessable
nvcr-20230331_pre.xml Edgar Link unprocessable
nvcr-20230331_htm.xml Edgar Link completed