2022 Q2 Form 10-Q Financial Statement

#000143169522000044 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $45.60M $42.76M $39.96M
YoY Change 27.04% 18.36% 30.81%
Cost Of Revenue $14.17M $12.80M $8.453M
YoY Change 92.42% 86.89% 59.91%
Gross Profit $31.43M $29.95M $31.51M
YoY Change 10.16% 2.33% 24.72%
Gross Profit Margin 68.93% 70.06% 78.85%
Selling, General & Admin $26.13M $26.03M $22.30M
YoY Change 53.62% 16.78% 134.02%
% of Gross Profit 83.14% 86.9% 70.77%
Research & Development $17.23M $16.83M $16.05M
YoY Change 23.7% 16.39% 57.47%
% of Gross Profit 54.82% 56.17% 50.93%
Depreciation & Amortization $500.0K $1.109M $815.0K
YoY Change 66.67% 326.54% 249.79%
% of Gross Profit 1.59% 3.7% 2.59%
Operating Expenses $43.37M $42.86M $38.34M
YoY Change 40.15% 16.63% 94.44%
Operating Profit -$11.93M -$12.90M -$6.837M
YoY Change 395.31% 72.65% -223.39%
Interest Expense $46.00K $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $494.0K $58.00K $100.0K
YoY Change 4840.0% -100.31% -101.18%
Pretax Income -$11.44M -$12.84M -$6.737M
YoY Change 376.78% -51.39% 131.59%
Income Tax $235.0K -$1.335M -$4.666M
% Of Pretax Income
Net Earnings -$11.67M -$11.51M -$2.071M
YoY Change 378.99% -56.5% -29.96%
Net Earnings / Revenue -25.6% -26.92% -5.18%
Basic Earnings Per Share -$0.07 -$0.07
Diluted Earnings Per Share -$0.07 -$0.07 -$13.37K
COMMON SHARES
Basic Shares Outstanding 160.4M shares 159.2M shares
Diluted Shares Outstanding 160.4M shares 159.2M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.2M $463.7M $514.4M
YoY Change -20.0% -20.95%
Cash & Equivalents $386.7M $463.7M $514.4M
Short-Term Investments $73.54M $0.00
Other Short-Term Assets $3.630M $3.504M $2.532M
YoY Change -58.16% 315.17% 214.14%
Inventory
Prepaid Expenses $2.720M $2.894M $1.888M
Receivables $41.65M $47.41M $42.32M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $513.2M $523.9M $565.6M
YoY Change -17.8% -18.12% 351.61%
LONG-TERM ASSETS
Property, Plant & Equipment $8.992M $5.873M $3.304M
YoY Change 261.85% 166.23% 47.43%
Goodwill $207.5M $207.6M $163.0M
YoY Change
Intangibles $23.68M $24.71M $19.64M
YoY Change
Long-Term Investments $4.476M
YoY Change
Other Assets $395.0K $356.0K $361.0K
YoY Change 3.67% -90.11% 21.14%
Total Long-Term Assets $267.1M $260.4M $190.3M
YoY Change 3745.21% 3927.53% 1972.54%
TOTAL ASSETS
Total Short-Term Assets $513.2M $523.9M $565.6M
Total Long-Term Assets $267.1M $260.4M $190.3M
Total Assets $780.3M $784.3M $755.9M
YoY Change 23.6% 21.34% 462.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.098M $3.360M $2.184M
YoY Change 19.0% -45.37% -76.01%
Accrued Expenses $44.69M $49.57M $45.40M
YoY Change -14.25% -30.16% 6.62%
Deferred Revenue $3.231M $3.924M $1.190M
YoY Change 416.13% 286.22% 103.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.65M $59.45M $48.77M
YoY Change -3.41% -23.92% -32.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $69.00K $126.0K $2.343M
YoY Change -78.83% -53.51% 612.16%
Total Long-Term Liabilities $69.00K $126.0K $2.343M
YoY Change -78.83% -53.51% 612.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.65M $59.45M $48.77M
Total Long-Term Liabilities $69.00K $126.0K $2.343M
Total Liabilities $71.34M $79.31M $54.13M
YoY Change 22.64% -2.25% -27.99%
SHAREHOLDERS EQUITY
Retained Earnings -$134.8M -$123.1M -$111.6M
YoY Change 37.23% 28.54% 61.0%
Common Stock $161.0K $160.0K $158.0K
YoY Change 8.78% 8.84% 618.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $708.9M $705.0M $701.8M
YoY Change
Total Liabilities & Shareholders Equity $780.3M $784.3M $755.9M
YoY Change 23.6% 21.34% 462.31%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$11.67M -$11.51M -$2.071M
YoY Change 378.99% -56.5% -29.96%
Depreciation, Depletion And Amortization $500.0K $1.109M $815.0K
YoY Change 66.67% 326.54% 249.79%
Cash From Operating Activities $19.00K -$889.0K -$9.956M
YoY Change -99.83% -121.12% -157.29%
INVESTING ACTIVITIES
Capital Expenditures -$2.996M $76.00K -$650.0K
YoY Change 524.17% -28.3% 128.87%
Acquisitions $49.31M
YoY Change
Other Investing Activities -$78.09M -$49.31M -$75.23M
YoY Change
Cash From Investing Activities -$81.08M -$51.85M -$75.88M
YoY Change 16792.5% 29026.97% 26617.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.002M $2.023M 2.536M
YoY Change -118.1% -99.6% -264.36%
NET CHANGE
Cash From Operating Activities 19.00K -$889.0K -9.956M
Cash From Investing Activities -81.08M -$51.85M -75.88M
Cash From Financing Activities 4.002M $2.023M 2.536M
Net Change In Cash -77.06M -$50.71M -83.30M
YoY Change 580.17% -109.93% -635.64%
FREE CASH FLOW
Cash From Operating Activities $19.00K -$889.0K -$9.956M
Capital Expenditures -$2.996M $76.00K -$650.0K
Free Cash Flow $3.015M -$965.0K -$9.306M
YoY Change -74.32% -123.52% -152.69%

Facts In Submission

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q2 us-gaap Profit Loss
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CY2021Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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11750000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
708918000 usd
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
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CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
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CY2021Q1 olo Adjustments To Additional Paid In Capital Temporary Equity Accretion To Redemption Value
AdjustmentsToAdditionalPaidInCapitalTemporaryEquityAccretionToRedemptionValue
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CY2021Q1 olo Temporary Equity Issued During Period Shares Warrants Exercised
TemporaryEquityIssuedDuringPeriodSharesWarrantsExercised
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CY2021Q1 olo Temporary Equity Issued During Period Value Warrants Exercised
TemporaryEquityIssuedDuringPeriodValueWarrantsExercised
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CY2021Q1 olo Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
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CY2021Q1 olo Temporary Equity Shares Conversion Of Convertible Securities
TemporaryEquitySharesConversionOfConvertibleSecurities
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CY2021Q1 olo Temporary Equity Value Conversion Of Convertible Securities
TemporaryEquityValueConversionOfConvertibleSecurities
111753000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2847000 usd
CY2021Q1 olo Stock Issued During Period Value Charitable Donation
StockIssuedDuringPeriodValueCharitableDonation
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CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5426000 usd
CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
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CY2021Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 olo Adjustments To Additional Paid In Capital Stock Issued Issuance Costs Reversal
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsReversal
1145000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8198000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2624000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Share Based Compensation
ShareBasedCompensation
23185000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
13550000 usd
olo Share Based Payment Arrangement Vesting Of Stock Appreciation Rights Noncash Expense
ShareBasedPaymentArrangementVestingOfStockAppreciationRightsNoncashExpense
0 usd
olo Share Based Payment Arrangement Vesting Of Stock Appreciation Rights Noncash Expense
ShareBasedPaymentArrangementVestingOfStockAppreciationRightsNoncashExpense
2847000 usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
0 usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
5125000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
276000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
238000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
18930000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1125000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
475000 usd
us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2016000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4848000 usd
olo Increase Decrease In Capitalized Contract Costs
IncreaseDecreaseInCapitalizedContractCosts
462000 usd
olo Increase Decrease In Capitalized Contract Costs
IncreaseDecreaseInCapitalizedContractCosts
330000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-286000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9726000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1248000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
561000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
663000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-36000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15471000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
409000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
271000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
5125000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
389000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
49308000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
4306000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4118000 usd
us-gaap Proceeds From Issuance Initial Public Offering
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0 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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olo Proceeds Employee Payroll Tax Withholding
ProceedsEmployeePayrollTaxWithholding
3033000 usd
olo Proceeds Employee Payroll Tax Withholding
ProceedsEmployeePayrollTaxWithholding
18691000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2866000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18691000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
392000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
136000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
420000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
6278000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2990000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6025000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
484669000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
499480000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
514445000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75756000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
386670000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
575236000 usd
olo Issuance Costs Incurred But Not Yet Paid
IssuanceCostsIncurredButNotYetPaid
0 usd
olo Issuance Costs Incurred But Not Yet Paid
IssuanceCostsIncurredButNotYetPaid
339000 usd
olo Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
116000 usd
olo Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
116000 usd
olo Noncash Adjustments Temporary Equity Accretion To Redemption Value
NoncashAdjustmentsTemporaryEquityAccretionToRedemptionValue
0 usd
olo Noncash Adjustments Temporary Equity Accretion To Redemption Value
NoncashAdjustmentsTemporaryEquityAccretionToRedemptionValue
14000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7000 usd
olo Share Based Compensation Arrangement Non Cash Expense Software Cost Capitalization
ShareBasedCompensationArrangementNonCashExpenseSoftwareCostCapitalization
1418000 usd
olo Share Based Compensation Arrangement Non Cash Expense Software Cost Capitalization
ShareBasedCompensationArrangementNonCashExpenseSoftwareCostCapitalization
104000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-indent:45pt"><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="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. </span></div>We regularly assess these estimates, including but not limited to, stock-based compensation including the determination of the fair value of our stock-based awards, realization of deferred tax assets, estimated life of our long-lived assets, purchase price allocations for business combinations, valuation of the acquired intangibles purchased in a business combination, valuation of goodwill, estimated standalone selling price of our performance obligations, and estimated consideration for implementation services and transactional revenue in certain arrangements. We base these estimates on historical experience and on various other market-specific and relevant assumptions that we believe to be reasonable under the circumstances. Actual results could differ from these estimates and such differences could be material to our financial position and results of operations.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Business and Credit Risk</span></div><div style="margin-top:12pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are exposed to concentrations of credit risk primarily through our cash and short- and long-term investments held by financial institutions. We primarily deposit our cash with two financial institutions and the amount on deposit exceeds federally insured limits. We reduce our credit risk by placing our cash and investments with major financial institutions with high credit ratings. As of June 30, 2022 and December 31, 2021, no customer had a balance over 10% of our accounts receivable. For the three months ended June 30, 2022 and 2021, one customer accounted for 12% and 16% of our revenue, </span></div>respectively. For the six months ended June 30, 2022 and 2021, one customer accounted for 13% and 20% of our revenue, respectively.
CY2022Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
400000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
657000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
276000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
238000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
277000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
212000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
656000 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
88357000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72019000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20600000 usd
CY2022Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2400000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2500000 usd
CY2022Q1 olo Operating Lease Liability Noncurrent Net
OperatingLeaseLiabilityNoncurrentNet
18100000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45601000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35896000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1100000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
800000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
41700000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.43
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q4 us-gaap Capitalized Contract Cost Net
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6183000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
5176000 usd
olo Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
2099000 usd
olo Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
1644000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1637000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1314000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Net
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6645000 usd
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
5506000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
464932000 usd
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
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CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
464681000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
386670000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
73535000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
4476000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
514445000 usd
CY2021 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
0 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
514445000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
514445000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
0 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
0 usd
us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
500000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12456000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5952000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3464000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2648000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8992000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3304000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
500000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
300000 usd
us-gaap Depreciation
Depreciation
800000 usd
us-gaap Depreciation
Depreciation
500000 usd
us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
500000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26002000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
162956000 usd
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-94000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
44678000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
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CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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3804000 usd
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CY2022Q2 us-gaap Operating Lease Lease Income
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2960000 usd
CY2022Q2 olo Lessee Operating Lease Liability Payments Due After Year Four
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P7Y6M14D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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10113000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
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25649000 usd
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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17
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CY2021Q1 us-gaap Preferred Stock Shares Authorized
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20000000 shares
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200000 usd
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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3.55
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
633730000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
189281000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.70
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10289000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18622000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
41138000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
71998000 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
11026000 usd
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
12696000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
24725000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
18646000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
57400000 usd
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
14000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
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11477000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8148000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23185000 usd
us-gaap Allocated Share Based Compensation Expense
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16397000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-11673000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0453
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-11673000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2437000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23182000 usd
us-gaap Net Income Loss
NetIncomeLoss
-28894000 usd
CY2022Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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0 usd
CY2021Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-11673000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-2437000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-23182000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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-23182000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-28908000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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-28908000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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160429125 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160429125 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147510963 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147510963 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
159813053 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
159813053 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Earnings Per Share Diluted
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-0.07
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
us-gaap Earnings Per Share Basic
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-0.30
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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38178633 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
43222235 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
38178633 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
43222235 shares

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