2023 Q1 Form 10-K Financial Statement

#000149465023000020 Filed on March 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $11.85M $20.86M $76.28M
YoY Change -19.74% -7.34% 2.18%
Cost Of Revenue $1.706M $2.981M $9.263M
YoY Change -15.29% 15.77% 1.22%
Gross Profit $10.14M $17.88M $67.01M
YoY Change -20.45% -10.33% 2.31%
Gross Profit Margin 85.6% 85.71% 87.86%
Selling, General & Admin $22.72M $23.31M $107.6M
YoY Change -22.55% -11.5% 0.95%
% of Gross Profit 224.09% 130.41% 160.64%
Research & Development $1.785M $2.921M $15.26M
YoY Change -62.83% -44.47% -39.73%
% of Gross Profit 17.6% 16.34% 22.77%
Depreciation & Amortization $72.00K $132.0K $532.0K
YoY Change -39.5% -21.43% -17.65%
% of Gross Profit 0.71% 0.74% 0.79%
Operating Expenses $24.51M $26.23M $122.9M
YoY Change -28.22% -16.99% -6.85%
Operating Profit -$14.37M -$8.356M -$55.90M
YoY Change -32.84% -28.37% -15.88%
Interest Expense $4.672M -$5.397M $16.84M
YoY Change 14.71% 36.08% 5.45%
% of Operating Profit
Other Income/Expense, Net -$1.396M -$1.396M
YoY Change -1961.33% -1961.33%
Pretax Income -$18.85M -$15.15M -$74.83M
YoY Change -25.6% -3.04% -9.07%
Income Tax
% Of Pretax Income
Net Earnings -$18.85M -$15.15M -$74.83M
YoY Change -25.6% -3.04% -9.07%
Net Earnings / Revenue -159.1% -72.64% -98.11%
Basic Earnings Per Share -$0.17 -$0.87
Diluted Earnings Per Share -$0.17 -$0.16 -$0.87
COMMON SHARES
Basic Shares Outstanding 111.8M shares 83.52M shares 85.90M shares
Diluted Shares Outstanding 111.8M shares 85.90M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.93M $94.24M $94.24M
YoY Change -8.14% -14.71% -14.71%
Cash & Equivalents $83.93M $94.24M $94.24M
Short-Term Investments
Other Short-Term Assets $2.961M $2.865M $2.865M
YoY Change -0.3% 11.0% 11.0%
Inventory $8.303M $9.443M $9.443M
Prepaid Expenses
Receivables $16.98M $33.93M $33.93M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $112.2M $140.5M $140.5M
YoY Change -12.65% -12.4% -12.4%
LONG-TERM ASSETS
Property, Plant & Equipment $722.0K $795.0K $3.240M
YoY Change -40.72% -40.98% -39.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.032M $2.943M $498.0K
YoY Change -51.36% -32.27% 69.39%
Total Long-Term Assets $2.754M $3.738M $3.738M
YoY Change -48.96% -34.33% -34.33%
TOTAL ASSETS
Total Short-Term Assets $112.2M $140.5M $140.5M
Total Long-Term Assets $2.754M $3.738M $3.738M
Total Assets $114.9M $144.2M $144.2M
YoY Change -14.12% -13.16% -13.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.244M $5.291M $5.291M
YoY Change -18.29% -33.97% -33.97%
Accrued Expenses $29.44M $42.89M $44.86M
YoY Change -26.53% -12.69% -12.41%
Deferred Revenue
YoY Change
Short-Term Debt $129.0M $128.6M $128.6M
YoY Change
Long-Term Debt Due $129.0M $128.6M
YoY Change
Total Short-Term Liabilities $166.3M $178.7M $178.7M
YoY Change 232.45% 201.73% 201.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $407.0K $626.0K $22.12M
YoY Change -76.0% -71.42% 909.86%
Total Long-Term Liabilities $407.0K $626.0K $22.12M
YoY Change -99.68% -99.51% -82.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $166.3M $178.7M $178.7M
Total Long-Term Liabilities $407.0K $626.0K $22.12M
Total Liabilities $188.7M $200.8M $200.8M
YoY Change 5.62% 6.92% 6.92%
SHAREHOLDERS EQUITY
Retained Earnings -$703.7M -$684.9M
YoY Change 10.76% 12.27%
Common Stock $630.0M $628.4M
YoY Change 6.67% 6.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$73.79M -$56.62M -$56.62M
YoY Change
Total Liabilities & Shareholders Equity $114.9M $144.2M $144.2M
YoY Change -14.12% -13.16% -13.16%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$18.85M -$15.15M -$74.83M
YoY Change -25.6% -3.04% -9.07%
Depreciation, Depletion And Amortization $72.00K $132.0K $532.0K
YoY Change -39.5% -21.43% -17.65%
Cash From Operating Activities -$10.48M -$17.68M -$67.65M
YoY Change -45.81% 5.77% -12.07%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $3.000K $63.00K
YoY Change -100.0% -112.5% -62.28%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 -$3.000K -$63.00K
YoY Change -100.0% -87.5% 1.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $51.09M
YoY Change 18.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $162.0K 50.79M $51.44M
YoY Change -34.94% 18.08% 18.73%
NET CHANGE
Cash From Operating Activities -$10.48M -17.68M -$67.65M
Cash From Investing Activities $0.00 -3.000K -$63.00K
Cash From Financing Activities $162.0K 50.79M $51.44M
Net Change In Cash -$10.32M 33.10M -$16.27M
YoY Change -46.09% 26.02% -51.67%
FREE CASH FLOW
Cash From Operating Activities -$10.48M -$17.68M -$67.65M
Capital Expenditures $0.00 $3.000K $63.00K
Free Cash Flow -$10.48M -$17.68M -$67.71M
YoY Change -45.94% 5.94% -12.18%

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11000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2564000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9005000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1603000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67651000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-76935000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
63000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
167000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
105000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
51086000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
43140000 usd
CY2022 optn Proceedsfrom Issuanceof Common Stock Under Employee Stock Purchase Plan
ProceedsfromIssuanceofCommonStockUnderEmployeeStockPurchasePlan
554000 usd
CY2021 optn Proceedsfrom Issuanceof Common Stock Under Employee Stock Purchase Plan
ProceedsfromIssuanceofCommonStockUnderEmployeeStockPurchasePlan
368000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
94000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
39000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
298000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
227000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51436000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43320000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16271000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33664000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
110515000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
144179000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94244000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
110515000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
15091000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
14170000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
0 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
534000 usd
CY2022 optn Deferred Offering Costs W Ithin Accounts Payableand Accrued Expenses
DeferredOfferingCostsWIthinAccountsPayableandAccruedExpenses
408000 usd
CY2021 optn Deferred Offering Costs W Ithin Accounts Payableand Accrued Expenses
DeferredOfferingCostsWIthinAccountsPayableandAccruedExpenses
318000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
704000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
157000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of BusinessOptiNose, Inc. (the Company) was incorporated in Delaware in May 2010 (inception) and has facilities in Yardley, Pennsylvania and Ewing, New Jersey. The Company's predecessor entity, OptiNose AS, was formed under the laws of Norway in September 2000. In 2010, OptiNose AS became a wholly-owned subsidiary of the Company as part of an internal reorganization. During 2022, the Company's board of directors approved the liquidation of Optionse AS and Optinose UK, which is expected to be completed in 2023, in order to simplify the corporate structure. <span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a specialty pharmaceutical company focused on the development and commercialization of products for patients treated by ear, nose and throat (ENT) and allergy specialists. The Company's first commercial product, XHANCE</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span> (fluticasone propionate) nasal spray, 93 microgram (mcg), is a therapeutic utilizing the Company's proprietary Exhalation Delivery System (EDS) that delivers a topically-acting corticosteroid for the treatment of chronic rhinosinusitis with nasal polyps and, if approved, chronic rhinosinusitis without nasal polyps (also known as chronic sinusitis). XHANCE was approved by the United States (US) Food and Drug Administration (FDA) in September 2017 for the treatment of nasal polyps in patients 18 years of age or older. XHANCE was made widely available through commercial channels in April 2018. In January 2023, the indication statement for XHANCE was changed from “for the treatment of nasal polyps” to “for the treatment of chronic rhinosinusitis with nasal polyps” to reflect current FDA labeling terminology and not based on new XHANCE clinical trial data.
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
94244000 usd
CY2022Q4 optn Working Capital
WorkingCapital
-38246000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-684893000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
444000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of expenses during the reporting period. Due to the uncertainty of factors surrounding the estimates or judgments used in the preparation of the consolidated financial statements, actual results may materially vary from these estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary.</span></div>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of credit risk</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and accounts receivable. The Company generally invests its cash in deposits with high credit quality financial institutions. Additionally, the Company performs periodic evaluations of the relative credit standing of these financial institutions.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Customer and supplier concentration</span></div>The Company has exposure to credit risk in accounts receivable from sales of product. XHANCE is sold to wholesale pharmaceutical distributors and preferred pharmacy network (PPN) partners, who, in turn, sell XHANCE to pharmacies, hospitals and other customers.
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
92988000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
109017000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
16575000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
15638000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
43609730 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12418139 shares
CY2022Q4 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
21490000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
21490000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
20279000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1211000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
21490000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1691000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3504000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5010000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4816000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2742000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3527000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
9443000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
11847000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5360000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5630000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4565000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4283000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
795000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1347000 usd
CY2022 us-gaap Depreciation
Depreciation
530000 usd
CY2021 us-gaap Depreciation
Depreciation
645000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2445000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4051000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1971000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2596000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2094000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
625000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2190000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2596000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4284000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y14D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0524
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2153000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
548000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
82000 usd
CY2022Q4 optn Lessee Operating Lease Liability Payments Due Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueThereafter
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2783000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
187000 usd
CY2022 optn Operating Lease Cost For Extension
OperatingLeaseCostForExtension
0 usd
CY2022 us-gaap Lease Cost
LeaseCost
2985000 usd
CY2021 us-gaap Lease Cost
LeaseCost
2843000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2570000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2466000 usd
CY2022Q4 optn Accrued Product Allowances Current
AccruedProductAllowancesCurrent
27993000 usd
CY2021Q4 optn Accrued Product Allowances Current
AccruedProductAllowancesCurrent
26521000 usd
CY2022Q4 optn Accrued Selling Generaland Administrative Current
AccruedSellingGeneralandAdministrativeCurrent
3799000 usd
CY2021Q4 optn Accrued Selling Generaland Administrative Current
AccruedSellingGeneralandAdministrativeCurrent
6124000 usd
CY2022Q4 optn Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
1298000 usd
CY2021Q4 optn Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
6857000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
7888000 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
7569000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1915000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2057000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
42893000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
49128000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1971000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2094000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1971000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2094000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
44864000 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
51222000 usd
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1112000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1340000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
256000 usd
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
0 usd
CY2022Q4 optn Vote Per Share
VotePerShare
1 vote
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2022Q4 optn Class Of Warrant Or Right Restriction Common Shares Maximum Ownership If Exercised Percent
ClassOfWarrantOrRightRestrictionCommonSharesMaximumOwnershipIfExercisedPercent
0.0499
CY2022Q4 optn Class Of Warrant Or Right Restriction Common Shares Maximum Ownership Prior To Execution Percent
ClassOfWarrantOrRightRestrictionCommonSharesMaximumOwnershipPriorToExecutionPercent
0.0999
CY2022Q4 optn Class Of Warrant Or Right Restriction Common Shares Maximum Ownership After Effective Waiting Period Percent
ClassOfWarrantOrRightRestrictionCommonSharesMaximumOwnershipAfterEffectiveWaitingPeriodPercent
0.1999
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7958781 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.87
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3473370 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.88
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
95000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.18
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
947999 shares
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10003000 usd
CY2021 optn Effective Income Tax Rate Reconciliation Foreign Exchange Other Percent
EffectiveIncomeTaxRateReconciliationForeignExchangeOtherPercent
-0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.029
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.56
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1025082 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.35
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9364070 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.88
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5521738 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.98
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M18D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3473370 shares
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8877000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-72750000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-78801000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2083000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-3495000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-74833000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-82296000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.015
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.007
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.001
CY2022 optn Effective Income Tax Rate Reconciliation Foreign Operations Impact Percent
EffectiveIncomeTaxRateReconciliationForeignOperationsImpactPercent
-0.145
CY2021 optn Effective Income Tax Rate Reconciliation Foreign Operations Impact Percent
EffectiveIncomeTaxRateReconciliationForeignOperationsImpactPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.047
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.029
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2022 optn Effective Income Tax Rate Reconciliation Foreign Exchange Other Percent
EffectiveIncomeTaxRateReconciliationForeignExchangeOtherPercent
-0.017
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2022 optn Effective Income Tax Rate Reconciliation Prepaid Royalty Write Off Percent
EffectiveIncomeTaxRateReconciliationPrepaidRoyaltyWriteOffPercent
-0.118
CY2021 optn Effective Income Tax Rate Reconciliation Prepaid Royalty Write Off Percent
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0
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