2023 Q4 Form 10-Q Financial Statement

#000183003323000080 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $15.18M $13.17M
YoY Change 30.99% -8.41%
% of Gross Profit
Research & Development $5.876M $178.0K
YoY Change 2278.95% -29.92%
% of Gross Profit
Depreciation & Amortization $1.317M $9.300M
YoY Change 27.86% 933.33%
% of Gross Profit
Operating Expenses $29.03M $35.25M
YoY Change 35.39% 67.15%
Operating Profit
YoY Change
Interest Expense -$10.70M $10.75M
YoY Change -692.09% 875.5%
% of Operating Profit
Other Income/Expense, Net $16.20M $40.13M
YoY Change 57.64% -389.54%
Pretax Income -$23.53M $4.886M
YoY Change 151.37% -113.98%
Income Tax $650.0K $0.00
% Of Pretax Income 0.0%
Net Earnings -$24.18M $4.886M
YoY Change 158.31% -113.98%
Net Earnings / Revenue
Basic Earnings Per Share $0.03
Diluted Earnings Per Share -$0.15 $0.00
COMMON SHARES
Basic Shares Outstanding 164.1M shares 164.0M shares
Diluted Shares Outstanding 165.5M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.6M $211.4M
YoY Change -25.14% -1.67%
Cash & Equivalents $73.41M $199.3M
Short-Term Investments $48.23M $12.03M
Other Short-Term Assets $41.01M $45.97M
YoY Change -44.38% -56.67%
Inventory $4.791M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $162.6M $257.3M
YoY Change -31.15% -19.84%
LONG-TERM ASSETS
Property, Plant & Equipment $638.7M $625.9M
YoY Change 26.3% 42.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $208.2M $158.5M
YoY Change 107.63% 46.97%
Total Long-Term Assets $876.7M $814.5M
YoY Change 40.25% 43.89%
TOTAL ASSETS
Total Short-Term Assets $162.6M $257.3M
Total Long-Term Assets $876.7M $814.5M
Total Assets $1.039B $1.072B
YoY Change 20.67% 20.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.881M $6.847M
YoY Change 72.83% -3.56%
Accrued Expenses $35.39M $29.82M
YoY Change 0.82% -8.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.148M $7.065M
YoY Change
Total Short-Term Liabilities $55.61M $51.97M
YoY Change 45.19% 13.47%
LONG-TERM LIABILITIES
Long-Term Debt $507.4M $506.3M
YoY Change 117.29% 117.08%
Other Long-Term Liabilities $1.811M $1.185M
YoY Change 59.42% 6.95%
Total Long-Term Liabilities $1.811M $1.185M
YoY Change -99.23% 6.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.61M $51.97M
Total Long-Term Liabilities $1.811M $1.185M
Total Liabilities $619.1M $630.3M
YoY Change 76.67% 71.01%
SHAREHOLDERS EQUITY
Retained Earnings -$344.2M -$320.1M
YoY Change 41.94% 37.27%
Common Stock $164.0K $164.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $420.2M $441.6M
YoY Change
Total Liabilities & Shareholders Equity $1.039B $1.072B
YoY Change 20.67% 20.83%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$24.18M $4.886M
YoY Change 158.31% -113.98%
Depreciation, Depletion And Amortization $1.317M $9.300M
YoY Change 27.86% 933.33%
Cash From Operating Activities -$33.58M -$20.91M
YoY Change 119.25% 38.72%
INVESTING ACTIVITIES
Capital Expenditures $11.22M $18.44M
YoY Change -85.06% -121.69%
Acquisitions
YoY Change
Other Investing Activities -$35.56M -$12.02M
YoY Change -158.77% -116.44%
Cash From Investing Activities -$46.77M -$30.46M
YoY Change 220.52% 155.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.275M 219.2M
YoY Change 1348.86% -42411.78%
NET CHANGE
Cash From Operating Activities -33.58M -20.91M
Cash From Investing Activities -46.77M -30.46M
Cash From Financing Activities -1.275M 219.2M
Net Change In Cash -81.62M 167.8M
YoY Change 172.13% -709.49%
FREE CASH FLOW
Cash From Operating Activities -$33.58M -$20.91M
Capital Expenditures $11.22M $18.44M
Free Cash Flow -$44.80M -$39.35M
YoY Change -50.45% -156.25%

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IncreaseDecreaseInPrepaidExpensesAndOtherAssetsCurrent
5957000 usd
pct Increase Decrease In Prepaid Expenses And Other Assets Current
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsCurrent
3320000 usd
pct Increase Decrease In Prepaid Expenses And Other Assets Noncurrent
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsNoncurrent
1523000 usd
pct Increase Decrease In Prepaid Expenses And Other Assets Noncurrent
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsNoncurrent
1296000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1527000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
827000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4375000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
491000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
9867000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
324000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1601000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1536000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-61330000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-50164000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
142680000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
212095000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
12020000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
192388000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
99371000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
200689000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-55329000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203794000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
225000000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
38000000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
pct Proceeds From Equipment Lease Financing
ProceedsFromEquipmentLeaseFinancing
22101000 usd
pct Proceeds From Equipment Lease Financing
ProceedsFromEquipmentLeaseFinancing
0 usd
pct Payments Of Convertible Notes Issuance Costs
PaymentsOfConvertibleNotesIssuanceCosts
6498000 usd
pct Payments Of Convertible Notes Issuance Costs
PaymentsOfConvertibleNotesIssuanceCosts
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1122000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1572000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-257000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-36000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
206072000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
43929000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
775000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
273275000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
247618000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
156616000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6340000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
227523000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
263858000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
384139000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257518000 usd
us-gaap Interest Paid Net
InterestPaidNet
650000 usd
us-gaap Net Income Loss
NetIncomeLoss
-75384000 usd
pct Additions To Property Plant And Equipment In Accrued Expenses
AdditionsToPropertyPlantAndEquipmentInAccruedExpenses
16152000 usd
pct Additions To Property Plant And Equipment In Accrued Expenses
AdditionsToPropertyPlantAndEquipmentInAccruedExpenses
22059000 usd
pct Additions To Property Plant And Equipment In Accounts Payable
AdditionsToPropertyPlantAndEquipmentInAccountsPayable
4470000 usd
pct Additions To Property Plant And Equipment In Accounts Payable
AdditionsToPropertyPlantAndEquipmentInAccountsPayable
3267000 usd
pct Additions To Property Plant And Equipment In Accrued Interest
AdditionsToPropertyPlantAndEquipmentInAccruedInterest
0 usd
pct Additions To Property Plant And Equipment In Accrued Interest
AdditionsToPropertyPlantAndEquipmentInAccruedInterest
4271000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
1745000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
CY2021Q1 pct Business Combination Contingent Consideration Liability Shares Maximum Issued
BusinessCombinationContingentConsiderationLiabilitySharesMaximumIssued
4000000 shares
CY2021Q1 pct Business Combination Contingent Consideration Liability Shares
BusinessCombinationContingentConsiderationLiabilityShares
2000000 shares
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriod
P1Y
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period Stock Price Trigger
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriodStockPriceTrigger
18.00
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period Threshold Trading Days
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingday
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period Threshold Trading Day Period
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDayPeriod
30 tradingday
CY2021Q1 pct Business Combination Contingent Consideration Liability Shares
BusinessCombinationContingentConsiderationLiabilityShares
2000000 shares
CY2022Q1 pct Business Combination Acquisition Related Costs Advisory Legal And Accounting
BusinessCombinationAcquisitionRelatedCostsAdvisoryLegalAndAccounting
800000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199349000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63892000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
12026000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
98592000 usd
CY2023Q3 pct Unrestricted Liquidity Amount
UnrestrictedLiquidityAmount
211375000 usd
CY2022Q4 pct Unrestricted Liquidity Amount
UnrestrictedLiquidityAmount
162484000 usd
CY2023Q3 pct Expected Investment To Complete Facility Current Fiscal Year Amount Set Aside In Restricted Cash
ExpectedInvestmentToCompleteFacilityCurrentFiscalYearAmountSetAsideInRestrictedCash
0 usd
CY2022Q4 pct Expected Investment To Complete Facility Current Fiscal Year Amount Set Aside In Restricted Cash
ExpectedInvestmentToCompleteFacilityCurrentFiscalYearAmountSetAsideInRestrictedCash
54560000 usd
CY2023Q3 pct Available Unrestricted Liquidity Amount
AvailableUnrestrictedLiquidityAmount
211375000 usd
CY2022Q4 pct Available Unrestricted Liquidity Amount
AvailableUnrestrictedLiquidityAmount
107924000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
184790000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
163631000 usd
CY2023Q3 pct Working Capital
WorkingCapital
205375000 usd
CY2022Q4 pct Working Capital
WorkingCapital
197916000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-320057000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-242525000 usd
us-gaap Net Income Loss
NetIncomeLoss
-77532000 usd
CY2023Q3 pct Available Unrestricted Liquidity Amount
AvailableUnrestrictedLiquidityAmount
211400000 usd
CY2023Q3 pct Common Stock Number Of Votes For Each Share Held
CommonStockNumberOfVotesForEachShareHeld
1 vote
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000.0 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
164060000.00 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
164060000.00 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
163550000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
163550000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000.0 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
613000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
28.90
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
613000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
28.90
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
613000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
28.90
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
459000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.72
pct Share Based Compensation Arrangement By Share Based Payment Award Options Granted Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P10Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.72
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1067000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.03
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
613000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.07
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
186000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1135000 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021Q1 pct Class Of Warrant Or Right Redemption Price Of Warrants Or Rights
ClassOfWarrantOrRightRedemptionPriceOfWarrantsOrRights
0.01
CY2021Q1 pct Class Of Warrant Or Right Redemption Of Warrants Or Rights Written Notice Of Redemption Threshold
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsWrittenNoticeOfRedemptionThreshold
P30D
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period Stock Price Trigger
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriodStockPriceTrigger
18.00
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period Threshold Trading Days
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingday
CY2021Q1 pct Business Combination Contingent Consideration Liability Earnout Period Threshold Trading Day Period
BusinessCombinationContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDayPeriod
30 tradingday
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
4886000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-34948000 usd
us-gaap Net Income Loss
NetIncomeLoss
-77532000 usd
us-gaap Net Income Loss
NetIncomeLoss
-75384000 usd
CY2023Q3 us-gaap Warrant Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
480000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4406000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34948000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-77532000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-75384000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164018000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163490000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163783000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153513000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
4886000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-34948000 usd
us-gaap Net Income Loss
NetIncomeLoss
-77532000 usd
us-gaap Net Income Loss
NetIncomeLoss
-75384000 usd
CY2023Q3 pct Dilutive Securities Effect On Basic Earnings Per Share Change In Fair Value Of Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareChangeInFairValueOfWarrants
4049000 usd
CY2022Q3 pct Dilutive Securities Effect On Basic Earnings Per Share Change In Fair Value Of Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareChangeInFairValueOfWarrants
0 usd
pct Dilutive Securities Effect On Basic Earnings Per Share Change In Fair Value Of Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareChangeInFairValueOfWarrants
1485000 usd
pct Dilutive Securities Effect On Basic Earnings Per Share Change In Fair Value Of Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareChangeInFairValueOfWarrants
553000 usd
CY2023Q3 pct Dilutive Securities Effect On Basic Earnings Per Share Income Attributable To Participating Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareIncomeAttributableToParticipatingWarrants
81000 usd
CY2022Q3 pct Dilutive Securities Effect On Basic Earnings Per Share Income Attributable To Participating Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareIncomeAttributableToParticipatingWarrants
0 usd
pct Dilutive Securities Effect On Basic Earnings Per Share Income Attributable To Participating Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareIncomeAttributableToParticipatingWarrants
0 usd
pct Dilutive Securities Effect On Basic Earnings Per Share Income Attributable To Participating Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareIncomeAttributableToParticipatingWarrants
0 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
756000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-34948000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-79017000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-75937000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164018000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163490000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163783000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153513000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
395000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
197000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165548000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163490000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163980000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153699000 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
649119000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23194000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
625925000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
514317000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8598000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
505719000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
9300000 usd
us-gaap Depreciation
Depreciation
14600000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
900000 usd
us-gaap Depreciation
Depreciation
2600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
12033000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
12026000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
99234000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
642000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
98592000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
12033000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
12026000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
92253000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
91669000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
0 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
0 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
6981000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
6923000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
12033000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
12026000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
99234000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
98592000 usd
CY2023Q3 pct Debt Securities Weighted Average Remaining Maturity
DebtSecuritiesWeightedAverageRemainingMaturity
P0Y3M18D
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2021Q2 pct Loss Contingency Number Of Class Actions
LossContingencyNumberOfClassActions
2 classaction
CY2022Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
52300000 usd
CY2023Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P30Y
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
27700000 eur
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1252000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
618000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3042000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1390000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
211000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
83000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
795000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
291000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
1463000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
701000 usd
us-gaap Lease Cost
LeaseCost
3837000 usd
us-gaap Lease Cost
LeaseCost
1681000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2687000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1829000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13084000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8266000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y3M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30050000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19136000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2446000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2188000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
27556000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16620000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
30002000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18808000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
813000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4495000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4551000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4457000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4054000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2814000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29347000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
50531000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20529000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
30002000 usd
CY2023Q2 pct Sale Leaseback Transaction Number Of Land
SaleLeasebackTransactionNumberOfLand
150 acre
CY2023Q2 pct Sale Leaseback Transaction Estimated Cost
SaleLeasebackTransactionEstimatedCost
440000000 usd
CY2023Q3 pct Sale Leaseback Transaction Amount Invested To Date
SaleLeasebackTransactionAmountInvestedToDate
77000000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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pct-20230930_cal.xml Edgar Link unprocessable
pct-20230930_def.xml Edgar Link unprocessable
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0001830033-23-000080-index.html Edgar Link pending
0001830033-23-000080.txt Edgar Link pending
0001830033-23-000080-xbrl.zip Edgar Link pending
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pct-20230930_htm.xml Edgar Link completed
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