2021 Q2 Form 10-Q Financial Statement
#000156459021038640 Filed on July 28, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $47.27M | $26.46M |
YoY Change | 78.66% | -30.72% |
Cost Of Revenue | $22.49M | $13.50M |
YoY Change | 66.6% | -31.73% |
Gross Profit | $24.78M | $12.96M |
YoY Change | 91.18% | -29.63% |
Gross Profit Margin | 52.42% | 48.99% |
Selling, General & Admin | $17.19M | $18.57M |
YoY Change | -7.41% | 36.11% |
% of Gross Profit | 69.4% | 143.29% |
Research & Development | $15.90M | $10.66M |
YoY Change | 49.16% | 21.51% |
% of Gross Profit | 64.17% | 82.25% |
Depreciation & Amortization | $1.036M | $1.120M |
YoY Change | -7.5% | -11.11% |
% of Gross Profit | 4.18% | 8.64% |
Operating Expenses | $33.09M | $29.23M |
YoY Change | 13.22% | 30.4% |
Operating Profit | -$8.317M | -$16.27M |
YoY Change | -48.88% | 306.75% |
Interest Expense | $525.0K | -$1.350M |
YoY Change | -138.89% | -420.67% |
% of Operating Profit | ||
Other Income/Expense, Net | -$4.000K | $126.0K |
YoY Change | -103.17% | -59.22% |
Pretax Income | -$8.846M | -$17.49M |
YoY Change | -49.43% | 325.41% |
Income Tax | $60.00K | $41.00K |
% Of Pretax Income | ||
Net Earnings | -$8.906M | -$17.53M |
YoY Change | -49.21% | 321.69% |
Net Earnings / Revenue | -18.84% | -66.27% |
Basic Earnings Per Share | -$0.37 | |
Diluted Earnings Per Share | -$0.37 | -$771.6K |
COMMON SHARES | ||
Basic Shares Outstanding | 24.12M | |
Diluted Shares Outstanding | 24.12M |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $112.0M | $120.9M |
YoY Change | -7.39% | 102.17% |
Cash & Equivalents | $51.18M | $97.49M |
Short-Term Investments | $60.79M | $23.40M |
Other Short-Term Assets | $3.670M | $1.800M |
YoY Change | 103.89% | 20.0% |
Inventory | $24.06M | $37.09M |
Prepaid Expenses | ||
Receivables | $25.98M | $15.50M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $165.7M | $175.2M |
YoY Change | -5.44% | 45.4% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $39.31M | $31.50M |
YoY Change | 24.78% | 77.37% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.561M | $700.0K |
YoY Change | 265.86% | 195.36% |
Total Long-Term Assets | $45.75M | $36.10M |
YoY Change | 26.73% | -8.98% |
TOTAL ASSETS | ||
Total Short-Term Assets | $165.7M | $175.2M |
Total Long-Term Assets | $45.75M | $36.10M |
Total Assets | $211.4M | $211.3M |
YoY Change | 0.06% | 31.93% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.67M | $4.500M |
YoY Change | 137.13% | -16.77% |
Accrued Expenses | $12.10M | $19.10M |
YoY Change | -36.66% | 540.51% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $84.05M | |
YoY Change | ||
Total Short-Term Liabilities | $107.7M | $24.45M |
YoY Change | 340.53% | 20.72% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $52.67M |
YoY Change | -100.0% | 138.04% |
Other Long-Term Liabilities | $14.95M | $608.0K |
YoY Change | 2358.06% | 101.99% |
Total Long-Term Liabilities | $14.95M | $53.28M |
YoY Change | -71.95% | 137.56% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $107.7M | $24.45M |
Total Long-Term Liabilities | $14.95M | $53.28M |
Total Liabilities | $122.7M | $77.73M |
YoY Change | 57.8% | 22.36% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $88.77M | $116.3M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $211.4M | $211.3M |
YoY Change | 0.06% | 31.93% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$8.906M | -$17.53M |
YoY Change | -49.21% | 321.69% |
Depreciation, Depletion And Amortization | $1.036M | $1.120M |
YoY Change | -7.5% | -11.11% |
Cash From Operating Activities | -$4.389M | $960.0K |
YoY Change | -557.19% | -62.65% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$3.458M | -$130.0K |
YoY Change | 2560.0% | -73.47% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $8.505M | $11.99M |
YoY Change | -29.07% | 2250.98% |
Cash From Investing Activities | $5.047M | $11.88M |
YoY Change | -57.52% | 118700.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 721.0K | 930.0K |
YoY Change | -22.47% | 2.2% |
NET CHANGE | ||
Cash From Operating Activities | -4.389M | 960.0K |
Cash From Investing Activities | 5.047M | 11.88M |
Cash From Financing Activities | 721.0K | 930.0K |
Net Change In Cash | 1.379M | 13.77M |
YoY Change | -89.99% | 294.56% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$4.389M | $960.0K |
Capital Expenditures | -$3.458M | -$130.0K |
Free Cash Flow | -$931.0K | $1.090M |
YoY Change | -185.41% | -64.38% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q1 | us-gaap |
Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
|
pi:AccountingStandardsUpdate202006Member | |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y9M18D | |
CY2020Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y3M18D | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
1263000 | ||
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
109119000 | |
us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
630000 | ||
pi |
Proceeds From Exercise Of Stock Options And Employee Stock Purchase Plan
ProceedsFromExerciseOfStockOptionsAndEmployeeStockPurchasePlan
|
9243000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9241000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
27539000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
863000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
5069000 | ||
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8524000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7449000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9416000 | |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
116250000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
125239000 | |
CY2020Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2014000 | |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5221000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4326000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
71000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1015000 | |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4597000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17534000 | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-47000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preparing financial statements in conformity with GAAP requires us to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures as of the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. On an ongoing basis, we evaluate our estimates, including those related to revenue recognition, sales incentives, estimates to complete development contracts, deferred revenue, inventory excess and obsolescence, income taxes, determination of the fair value of stock awards and compensation and employee-related benefits. To the extent there are material differences between these estimates, judgments, or assumptions and actual results, our financial statements will be affected. Covid-19 has introduced significant additional uncertainty with respect to estimates, judgments and assumptions about current and forecasted demand, which may materially impact the estimates previously listed, among others. </p> | ||
CY2021Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
4639000 | |
CY2020Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
5275000 | |
CY2021Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
7648000 | |
CY2020Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
9815000 | |
CY2021Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
11777000 | |
CY2020Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
21239000 | |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
24064000 | |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
36329000 | |
pi |
Inventory Excess And Obsolescence Charges Favorable Impact On Gross Margin Percentage
InventoryExcessAndObsolescenceChargesFavorableImpactOnGrossMarginPercentage
|
0.012 | ||
CY2020Q2 | pi |
Inventory Excess And Obsolescence Charges Unfavorable Impact On Gross Margin Percentage
InventoryExcessAndObsolescenceChargesUnfavorableImpactOnGrossMarginPercentage
|
0.022 | |
pi |
Inventory Excess And Obsolescence Charges Unfavorable Impact On Gross Margin Percentage
InventoryExcessAndObsolescenceChargesUnfavorableImpactOnGrossMarginPercentage
|
0.044 | ||
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3061000 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
10000 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
384000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
42000 | ||
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2645000 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
1572000 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10582000 | |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4597000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
18031000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9818000 | ||
CY2021Q2 | us-gaap |
Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
|
14900000 | |
CY2019Q4 | pi |
Number Of Business Days In Conversion Condition
NumberOfBusinessDaysInConversionCondition
|
5 | |
CY2019Q4 | us-gaap |
Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
|
5 | |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
42500000 | ||
CY2021Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
51.59 | |
CY2019Q4 | pi |
Premiums Paid For Capped Call Transactions
PremiumsPaidForCappedCallTransactions
|
10100000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2046000 | ||
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
883000 | ||
us-gaap |
Sublease Income
SubleaseIncome
|
950000 | ||
pi |
Operating Lease Costs Net Of Sublease Income
OperatingLeaseCostsNetOfSubleaseIncome
|
1979000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2374000 | ||
pi |
Operating Lease Liabilities From Remeasurement Of Right Of Use Assets
OperatingLeaseLiabilitiesFromRemeasurementOfRightOfUseAssets
|
698000 | ||
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.067 | |
CY2020Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.069 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2454000 | |
CY2021Q2 | pi |
Lessee Operating Lease Sublease Income Remainder Of Fiscal Year
LesseeOperatingLeaseSubleaseIncomeRemainderOfFiscalYear
|
718000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeRemainderOfFiscalYear
|
1736000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
5018000 | |
CY2021Q2 | pi |
Lessee Operating Lease Sublease Income Due Year One
LesseeOperatingLeaseSubleaseIncomeDueYearOne
|
1457000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year One
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearOne
|
3561000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3573000 | |
CY2021Q2 | pi |
Lessee Operating Lease Sublease Income Due Year Two
LesseeOperatingLeaseSubleaseIncomeDueYearTwo
|
123000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year Two
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearTwo
|
3450000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
3289000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year Three
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearThree
|
3289000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
3315000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearFour
|
3315000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
3415000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueAfterYearFour
|
3415000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21064000 | |
CY2021Q2 | pi |
Lessee Operating Lease Sublease Income Due
LesseeOperatingLeaseSubleaseIncomeDue
|
2298000 | |
CY2021Q2 | pi |
Lessee Operating Lease Liability Payments Net Of Sublease Income Due
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDue
|
18766000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3293000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
17771000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
3901000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
13870000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21860000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22564000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.97 | ||
us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
319000 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
47268000 | |
CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
26457000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
92516000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
74279000 | ||
CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
6000000.0 | |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
7088000 | |
CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
764000 | |
us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
658000 | ||
pi |
Contract With Customer Liability Revenue Recognition Of Deferred Revenue
ContractWithCustomerLiabilityRevenueRecognitionOfDeferredRevenue
|
6872000 | ||
pi |
Contract With Customer Liability Revenue Recognition Of Deferred Revenue
ContractWithCustomerLiabilityRevenueRecognitionOfDeferredRevenue
|
378000 | ||
CY2021Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
535000 | |
CY2020Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1044000 | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
6600000 | ||
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
371000 | ||
us-gaap |
Restructuring And Related Activities Description
RestructuringAndRelatedActivitiesDescription
|
On February 2, 2021, we restructured our go-to-market organization to strategically align our global sales, product, partner development and marketing teams. As part of the restructuring, we eliminated approximately seven full-time positions within our go-to-market organization, representing about 2% of our workforce. We incurred restructuring charges of $1.2 million for employee termination benefits as well as $50,000 in other associated costs for legal expenses for the six months ended June 30, 2021. We substantially completed our restructuring by June 30, 2021 | ||
CY2021Q1 | us-gaap |
Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
|
7 | |
CY2021Q1 | us-gaap |
Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
|
0.02 | |
CY2021Q1 | us-gaap |
Restructuring And Related Activities Completion Date
RestructuringAndRelatedActivitiesCompletionDate
|
2021-06-30 | |
us-gaap |
Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
|
1263000 | ||
pi |
Restructuring Cash Payments
RestructuringCashPayments
|
-633000 | ||
CY2021Q2 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
630000 |