2024 Q1 Form 10-K Financial Statement

#000184625324000006 Filed on March 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $3.801M $4.822M $34.16M
YoY Change -77.51% -86.36% -42.17%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.337M $7.869M $33.31M
YoY Change 1.73% -22.9% 33.77%
% of Gross Profit
Research & Development $14.55M $14.77M $56.53M
YoY Change 5.76% 14.3% 16.87%
% of Gross Profit
Depreciation & Amortization $4.949M $4.937M $19.50M
YoY Change 1.85% 2.43% 6.84%
% of Gross Profit
Operating Expenses $26.35M $26.03M $103.6M
YoY Change 3.87% -1.02% 20.83%
Operating Profit -$22.55M -$69.42M
YoY Change 166.8% 160.5%
Interest Expense $975.0K $1.181M $5.055M
YoY Change -26.36% 101.19%
% of Operating Profit
Other Income/Expense, Net $975.0K -$3.000K $1.000K
YoY Change -26.36% -99.83%
Pretax Income -$21.58M -$20.03M -$64.36M
YoY Change 202.68% -307.82% 146.97%
Income Tax -$2.617M -$5.975M -$13.74M
% Of Pretax Income
Net Earnings -$18.96M -$14.05M -$50.62M
YoY Change 210.84% -306.06% 126.65%
Net Earnings / Revenue -498.84% -291.44% -148.16%
Basic Earnings Per Share -$0.19 -$0.51
Diluted Earnings Per Share -$0.19 -$0.14 -$0.51
COMMON SHARES
Basic Shares Outstanding 117.1M shares 116.2M shares 99.68M shares
Diluted Shares Outstanding 100.8M shares 99.68M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.01M $86.98M $86.98M
YoY Change -39.26% -1.45% -1.45%
Cash & Equivalents $19.06M $16.36M $16.36M
Short-Term Investments $49.95M $70.63M $70.63M
Other Short-Term Assets $3.665M $4.074M $4.074M
YoY Change -35.21% -36.29% -36.29%
Inventory
Prepaid Expenses
Receivables $4.045M $3.844M $3.844M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $76.72M $94.90M $94.90M
YoY Change -36.64% -5.39% -24.05%
LONG-TERM ASSETS
Property, Plant & Equipment $17.96M $38.13M $38.13M
YoY Change -6.99% 90.87% -8.03%
Goodwill $83.98M $83.98M
YoY Change 0.0% 0.0%
Intangibles $152.1M $155.5M
YoY Change -7.48% -7.04%
Long-Term Investments
YoY Change
Other Assets $1.926M $2.745M $2.745M
YoY Change -42.34% 89.57% -23.3%
Total Long-Term Assets $275.8M $280.3M $280.3M
YoY Change -5.52% -4.26% -5.38%
TOTAL ASSETS
Total Short-Term Assets $76.72M $94.90M $94.90M
Total Long-Term Assets $275.8M $280.3M $280.3M
Total Assets $352.6M $375.2M $375.2M
YoY Change -14.64% -4.55% -10.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.556M $4.411M $4.411M
YoY Change 43.1% 832.56% 48.47%
Accrued Expenses $4.027M $9.303M $9.303M
YoY Change 3.02% 67.41% 27.72%
Deferred Revenue $5.530M $6.848M
YoY Change -19.69% -20.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.52M $23.12M $23.12M
YoY Change -19.18% 88.55% -11.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $31.00K $26.17M $26.17M
YoY Change -29.55% -19.42%
Total Long-Term Liabilities $31.00K $26.17M $26.17M
YoY Change -29.55% -19.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.52M $23.12M $23.12M
Total Long-Term Liabilities $31.00K $26.17M $26.17M
Total Liabilities $51.16M $60.64M $60.64M
YoY Change -29.18% -9.67% -24.05%
SHAREHOLDERS EQUITY
Retained Earnings -$58.33M -$39.37M
YoY Change -1232.14% -449.87%
Common Stock $12.00K $12.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $301.4M $314.6M $314.6M
YoY Change
Total Liabilities & Shareholders Equity $352.6M $375.2M $375.2M
YoY Change -14.64% -4.55% -10.92%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$18.96M -$14.05M -$50.62M
YoY Change 210.84% -306.06% 126.65%
Depreciation, Depletion And Amortization $4.949M $4.937M $19.50M
YoY Change 1.85% 2.43% 6.84%
Cash From Operating Activities -$17.03M -$9.123M $2.347M
YoY Change -161.51% 27.72% -165.43%
INVESTING ACTIVITIES
Capital Expenditures $926.0K $104.0K $1.644M
YoY Change 295.73% -97.93% -90.42%
Acquisitions
YoY Change
Other Investing Activities $20.86M $4.838M -$16.73M
YoY Change -156.48% -108.77%
Cash From Investing Activities $19.94M $4.734M -$18.38M
YoY Change -153.63% -107.86% -74.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.205M
YoY Change -98.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$203.0K -492.0K -892.0K
YoY Change -80.57% -100.49% -100.81%
NET CHANGE
Cash From Operating Activities -$17.03M -9.123M 2.347M
Cash From Investing Activities $19.94M 4.734M -18.38M
Cash From Financing Activities -$203.0K -492.0K -892.0K
Net Change In Cash $2.702M -4.881M -16.92M
YoY Change -125.66% -114.42% -150.0%
FREE CASH FLOW
Cash From Operating Activities -$17.03M -$9.123M $2.347M
Capital Expenditures $926.0K $104.0K $1.644M
Free Cash Flow -$17.96M -$9.227M $703.0K
YoY Change -165.41% -24.11% -103.39%

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OtherNoncashIncomeExpense
-100000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-190000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26898000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12737000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2321000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4714000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-642000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
788000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
936000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15068000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-563000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1810000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5347000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-9489000 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-16000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
17000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2347000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3587000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1644000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17168000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
112616000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
54775000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
96900000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3424000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
70000 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
4440000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
1440000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18376000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-73313000 usd
CY2023 ck0001846253 Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 usd
CY2022 ck0001846253 Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
1842000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
96242000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1205000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
624000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1324000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
189000 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
300000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2025000 usd
CY2023 ck0001846253 Payment Of Transaction Costs
PaymentOfTransactionCosts
473000 usd
CY2022 ck0001846253 Payment Of Transaction Costs
PaymentOfTransactionCosts
4327000 usd
CY2023 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 usd
CY2022 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
18572000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-892000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
110739000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16921000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33839000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33839000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16918000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33839000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
328000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10136000 usd
CY2023 ck0001846253 Deferred Revenue Recorded In Accounts Receivable
DeferredRevenueRecordedInAccountsReceivable
517000 usd
CY2022 ck0001846253 Deferred Revenue Recorded In Accounts Receivable
DeferredRevenueRecordedInAccountsReceivable
942000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
2614000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
667000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22000 usd
CY2023 ck0001846253 Intangible Asset Additions Included In Contingent Liabilities
IntangibleAssetAdditionsIncludedInContingentLiabilities
1476000 usd
CY2022 ck0001846253 Intangible Asset Additions Included In Contingent Liabilities
IntangibleAssetAdditionsIncludedInContingentLiabilities
4804000 usd
CY2023 ck0001846253 Transaction Cost Included In Accounts Payable
TransactionCostIncludedInAccountsPayable
370000 usd
CY2022 ck0001846253 Transaction Cost Included In Accounts Payable
TransactionCostIncludedInAccountsPayable
473000 usd
CY2022Q4 ck0001846253 Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
1800000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 ck0001846253 Reverse Recapitalization Exchange Rate
ReverseRecapitalizationExchangeRate
1 shares
CY2022Q4 ck0001846253 Reverse Recapitalization Percentage Of Voting Interest Prior To Combination
ReverseRecapitalizationPercentageOfVotingInterestPriorToCombination
0.85
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98084000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
0 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2220000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
100304000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
166182000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
83979000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19907000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21290000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1448000 usd
CY2022Q4 us-gaap Assets
Assets
393110000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
473000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
1569000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8582000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1611000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12260000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
4175000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
20867000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24822000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5004000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
0 usd
CY2022Q4 us-gaap Liabilities
Liabilities
67128000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33839000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
12000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
325970000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
393110000 usd
CY2022Q4 ck0001846253 Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
1800000 usd
CY2022 ck0001846253 Reverse Recapitalization Net
ReverseRecapitalizationNet
95800000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these consolidated and combined financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions that affect the amounts reported in the consolidated and combined financial statements and the accompanying notes. Actual results may differ from those estimates.</span></div>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16358000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33390000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
560000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
449000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16918000 usd
CY2022 ck0001846253 Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
9103000 usd
CY2022 ck0001846253 Proceeds From Reverse Recapitalization Transaction Net
ProceedsFromReverseRecapitalizationTransactionNet
96242000 usd
CY2022 ck0001846253 Reverse Recapitalization Accrued Transaction Costs
ReverseRecapitalizationAccruedTransactionCosts
473000 usd
CY2022 ck0001846253 Reverse Recapitalization Net
ReverseRecapitalizationNet
95769000 usd
CY2022Q4 ck0001846253 Shares Held By Sponsor
SharesHeldBySponsor
4456701 shares
CY2022Q4 ck0001846253 Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
17209070 shares
CY2022Q4 ck0001846253 Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
82611789 shares
CY2022Q4 ck0001846253 Reverse Recapitalization Earnout Shares
ReverseRecapitalizationEarnoutShares
14999243 shares
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6400000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10500000 usd
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
114820102 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82600000 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82600000 shares
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q4 ck0001846253 Reverse Recapitalization Earnout Shares
ReverseRecapitalizationEarnoutShares
14999243 shares
CY2023Q4 ck0001846253 Volume Weighted Average Trading Prices
VolumeWeightedAverageTradingPrices
12.50
CY2022Q4 ck0001846253 Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays
P20D
CY2022Q4 ck0001846253 Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdConsecutiveTradingDays
P30D
CY2022Q4 ck0001846253 Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays
P20D
CY2022Q4 ck0001846253 Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdConsecutiveTradingDays
P30D
CY2023Q4 ck0001846253 Volume Weighted Average Trading Prices
VolumeWeightedAverageTradingPrices
12.50
CY2022Q4 ck0001846253 Preferred And Common Stock Share Authorized
PreferredAndCommonStockShareAuthorized
1100000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
70576000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
57000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
70625000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
54866000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
16000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
54875000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
68853000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
68904000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1723000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1721000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
70576000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
70625000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
8 security
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
12920000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
8000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 security
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
8 security
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
12920000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
7 security
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
13667000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 security
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
7 security
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
13667000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27125000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25167000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8876000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5188000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18249000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19979000 usd
CY2023 us-gaap Depreciation
Depreciation
4000000.0 usd
CY2022 us-gaap Depreciation
Depreciation
3200000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5247000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4101000 usd
CY2023Q4 ck0001846253 Accrued Liabilities Due To Former Parent Current
AccruedLiabilitiesDueToFormerParentCurrent
1234000 usd
CY2022Q4 ck0001846253 Accrued Liabilities Due To Former Parent Current
AccruedLiabilitiesDueToFormerParentCurrent
0 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
431000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
664000 usd
CY2023Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
139000 usd
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
739000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
53000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7068000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5557000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
83979000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
83979000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
155467000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
167242000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
239446000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
251221000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P20Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13600000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13000000.0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
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CY2023 ck0001846253 Finite Lived Intangible Assets Weighted Average Useful Life
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2023 ck0001846253 Effective Income Tax Rate Reconciliation Return To Provision Amount
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Files In Submission

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0001846253-24-000006-index-headers.html Edgar Link pending
0001846253-24-000006-index.html Edgar Link pending
0001846253-24-000006.txt Edgar Link pending
0001846253-24-000006-xbrl.zip Edgar Link pending
a2023q4ex23110-kconsent.htm Edgar Link pending
a2023q4ex321-ceosoxcert.htm Edgar Link pending
a2023q4ex322-cfosoxcert.htm Edgar Link pending
a2023q4ex97policyforrecove.htm Edgar Link pending
a2023q4exhibit311-ceocert.htm Edgar Link pending
a2023q4exhibit312-cfocert.htm Edgar Link pending
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