2022 Q2 Form 10-Q Financial Statement

#000183683322000033 Filed on June 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $40.13M $37.15M $31.96M
YoY Change 25.57% 22.67%
Cost Of Revenue $23.63M $23.23M $19.13M
YoY Change 23.54% 1.77%
Gross Profit $16.50M $13.92M $12.83M
YoY Change 28.59% 86.64%
Gross Profit Margin 41.12% 37.46% 40.15%
Selling, General & Admin $39.46M $43.96M $18.97M
YoY Change 108.05% 164.29%
% of Gross Profit 239.18% 315.89% 147.83%
Research & Development $24.75M $26.06M $12.13M
YoY Change 104.04% 128.94%
% of Gross Profit 150.01% 187.29% 94.54%
Depreciation & Amortization $11.63M $11.18M $11.48M
YoY Change 1.31% -29.75%
% of Gross Profit 70.46% 80.32% 89.43%
Operating Expenses $64.21M $70.02M $31.10M
YoY Change 106.49% 149.93%
Operating Profit -$47.71M -$56.11M -$18.27M
YoY Change 161.2% 17274.69%
Interest Expense $0.00 $16.13M $2.527M
YoY Change -100.0% -199.88%
% of Operating Profit
Other Income/Expense, Net $3.668M -$1.914M -$10.73M
YoY Change -134.18% -86.55%
Pretax Income -$44.05M -$44.68M -$29.00M
YoY Change 51.9% 20.77%
Income Tax $300.0K $1.288M $300.0K
% Of Pretax Income
Net Earnings -$44.36M -$45.97M -$29.26M
YoY Change 51.63% 215.93%
Net Earnings / Revenue -110.55% -123.74% -91.54%
Basic Earnings Per Share -$0.17 -$0.64
Diluted Earnings Per Share -$0.17 -$186.3K -$0.64
COMMON SHARES
Basic Shares Outstanding 264.1M shares 45.72M shares
Diluted Shares Outstanding 264.1M shares 45.72M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $484.5M $490.8M $230.0K
YoY Change 210547.39% 57047.08%
Cash & Equivalents $484.5M $490.8M $79.77M
Short-Term Investments $0.00
Other Short-Term Assets $18.19M $16.39M $590.0K
YoY Change 2983.39% 2590.08%
Inventory
Prepaid Expenses
Receivables $24.58M $44.37M
Other Receivables $0.00 $0.00
Total Short-Term Assets $527.3M $551.5M $820.0K
YoY Change 64200.24% 339.71%
LONG-TERM ASSETS
Property, Plant & Equipment $125.3M $133.3M
YoY Change -16.62%
Goodwill $103.2M $103.2M
YoY Change 16.77%
Intangibles $13.60M $14.20M
YoY Change 150.26%
Long-Term Investments $345.1M
YoY Change
Other Assets $2.787M $2.714M
YoY Change -9.05%
Total Long-Term Assets $268.7M $269.9M $345.1M
YoY Change -22.12% -1.45%
TOTAL ASSETS
Total Short-Term Assets $527.3M $551.5M $820.0K
Total Long-Term Assets $268.7M $269.9M $345.1M
Total Assets $796.0M $821.4M $345.9M
YoY Change 130.14% 105.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.168M $2.850M $100.0K
YoY Change 3068.0% 97.1%
Accrued Expenses $46.33M $48.82M $500.0K
YoY Change 9165.6% 17317.5%
Deferred Revenue $60.67M $64.23M
YoY Change 11.57%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $129.5M $132.0M $600.0K
YoY Change 21475.17% 21.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.419M $1.405M $46.19M
YoY Change -96.93% 9.17%
Total Long-Term Liabilities $1.419M $1.405M $46.19M
YoY Change -96.93% 9.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.5M $132.0M $600.0K
Total Long-Term Liabilities $1.419M $1.405M $46.19M
Total Liabilities $165.3M $173.2M $46.79M
YoY Change 253.25% -40.65%
SHAREHOLDERS EQUITY
Retained Earnings -$821.7M -$777.0M
YoY Change 21.43%
Common Stock $27.00K $27.00K
YoY Change 575.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $630.7M $648.2M $83.93M
YoY Change
Total Liabilities & Shareholders Equity $796.0M $821.4M $345.9M
YoY Change 130.14% 105.72%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income -$44.36M -$45.97M -$29.26M
YoY Change 51.63% 215.93%
Depreciation, Depletion And Amortization $11.63M $11.18M $11.48M
YoY Change 1.31% -29.75%
Cash From Operating Activities -$6.534M -$21.20M $3.882M
YoY Change -268.32% 8010.34%
INVESTING ACTIVITIES
Capital Expenditures $2.861M -$6.202M $1.847M
YoY Change 54.9% -1.12%
Acquisitions
YoY Change
Other Investing Activities $146.0K -$9.764M $152.0K
YoY Change -3.95% 3774.6%
Cash From Investing Activities -$3.652M -$15.97M -$2.766M
YoY Change 32.03% -95.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.552M 469.7M $2.156M
YoY Change 111.13% 35.7%
NET CHANGE
Cash From Operating Activities -$6.534M -21.20M $3.882M
Cash From Investing Activities -$3.652M -15.97M -$2.766M
Cash From Financing Activities $4.552M 469.7M $2.156M
Net Change In Cash -$6.283M 432.5M $3.232M
YoY Change -294.4% 50264.07%
FREE CASH FLOW
Cash From Operating Activities -$6.534M -$21.20M $3.882M
Capital Expenditures $2.861M -$6.202M $1.847M
Free Cash Flow -$9.395M -$14.99M $2.035M
YoY Change -561.67% -349.44%

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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Concentration of Credit Risk and Other Risks and Uncertainties </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. By their nature, all such financial instruments involve risks, including the credit risk of nonperformance by counterparties. The Company’s cash and cash equivalents are deposited in checking and money market accounts with financial institutions in the U.S. and checking accounts with financial institutions in Canada, Germany, the Netherlands and Singapore that management believes are of high credit quality. The Company generally does not require collateral to support the obligations of the counterparties and deposits at banks may, at times, be in excess of federal or national insured limits or deposit-guarantee limits in each of the respective countries. The Company has not experienced material losses on its deposits of cash and cash equivalents. The maximum amount of loss at April 30, 2022 that the Company would incur if parties to cash and money market funds failed completely to perform according to the terms of the contracts is $483.6 million. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Accounts receivable are typically unsecured and are derived from revenue earned from customers across various countries. As of April 30, 2022, one customer accounted for 35% of accounts receivable. As of January 31, 2022, four customers accounted for 23%, 14%, 12% and 10% of accounts receivable, respectively. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">For the three months ended April 30, 2022, two customers accounted for 11% and 10% of revenue.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company’s products require continued approval from the Federal Communications Commission (“FCC”) and other international regulatory agencies for the Company to continue its operations. There can be no assurance that the Company’s products will continue to receive the necessary approvals or that its operations will be supported by the U.S. government or other governments. If the Company was denied such approvals, if such approvals were delayed, or if the U.S. government’s or other governments’ policies change, these events may have a material adverse impact on the Company’s financial position and results of operations. </span></div>The Company contracts with certain third-party service providers to launch satellites. Service providers who provide these services are limited. The inability of launch service providers to contract with the Company could materially impact future operating results.
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3712000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
742000 USD
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6947000 USD
CY2022Q2 pl Increase Decrease In Deferred Hosting Costs
IncreaseDecreaseInDeferredHostingCosts
231000 USD
CY2021Q2 pl Increase Decrease In Deferred Hosting Costs
IncreaseDecreaseInDeferredHostingCosts
3864000 USD
CY2022Q2 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
0 USD
CY2021Q2 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
524000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6534000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3882000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2861000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1847000 USD
CY2022Q2 us-gaap Payments For Software
PaymentsForSoftware
645000 USD
CY2021Q2 us-gaap Payments For Software
PaymentsForSoftware
767000 USD
CY2022Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
146000 USD
CY2021Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
152000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3652000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2766000 USD
CY2022Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4963000 USD
CY2021Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2156000 USD
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
411000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4552000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2156000 USD
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-649000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-40000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6283000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3232000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
496814000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76540000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
490531000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79772000 USD
CY2021Q4 pl Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.53184
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
484500000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
490800000 USD
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Use of Estimates</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The significant estimates and assumptions that affect the Company’s unaudited condensed consolidated financial statements include, but are not limited to, the useful lives of property and equipment, capitalized internal-use software and intangible assets, allowance for credit losses, estimates related to revenue recognition, including the assessment of performance obligations within a contract and the determination of standalone selling price (“SSP”) for each performance obligation, the fair value of common stock and other assumptions used to measure stock-based compensation, the fair value of convertible notes and warrants, the fair value of assets acquired, and liabilities assumed from business combinations, the impairment of long-lived assets and goodwill, the recognition, measurement and valuation of current and deferred income taxes and uncertain tax positions, and contingencies.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, due to the inherent uncertainties in making estimates, actual results could differ from those estimates and such differences may be material to the unaudited condensed consolidated financial statements.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Due to the COVID-19 Coronavirus pandemic (“COVID-19” or “COVID-19 pandemic”), and current events involving Russia and Ukraine, there is ongoing uncertainty and disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require an update to its estimates or assumptions or a revision of the carrying value of its assets or liabilities. These estimates and assumptions may change in the future, as new events occur and additional information is obtained.</span></div>
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
483600000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8400000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
11400000 USD
CY2021Q4 pl Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.53184
CY2021Q4 pl Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.53184
CY2021Q4 pl Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
27000000 shares
CY2021Q4 pl Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingDay
CY2021Q4 pl Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Day Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDayPeriod
30 tradingDay
CY2021Q4 pl Contingent Consideration Issuable In Shares
ContingentConsiderationIssuableInShares
5540990 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
260091568 shares
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22600000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
21300000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
152400000 USD
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
60700000 USD
CY2022Q2 pl Contract With Customer Non Cancelable Contract Revenue
ContractWithCustomerNonCancelableContractRevenue
91700000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40127000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31957000 USD
CY2022Q2 pl Contract Costs Capitalized During The Period
ContractCostsCapitalizedDuringThePeriod
500000 USD
CY2021Q2 pl Contract Costs Capitalized During The Period
ContractCostsCapitalizedDuringThePeriod
300000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
300000 USD
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
300000 USD
CY2022Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
1412000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
1375000 USD
CY2022Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
1170000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
1083000 USD
CY2022Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2582000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2458000 USD
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1500000 USD
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2000000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5896000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2576000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
737000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
514000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12000 USD
CY2022Q2 pl Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
8000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9743000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
284000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9459000 USD
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2021Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
CY2021Q2 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
100000 USD
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
6000000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
6100000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
484489000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
490762000 USD
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
389000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
309000 USD
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5653000 USD
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5743000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
490531000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
496814000 USD
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
400000 USD
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
300000 USD
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
353076000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
352526000 USD
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
227747000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
219246000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
125329000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
133280000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
125329000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
133280000 USD
CY2022Q2 us-gaap Depreciation
Depreciation
10400000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
9500000 USD
CY2022Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
37322000 USD
CY2022Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
36453000 USD
CY2022Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
26217000 USD
CY2022Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
25685000 USD
CY2022Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
11105000 USD
CY2022Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
10768000 USD
CY2022Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
500000 USD
CY2021Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1600000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37204000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23760000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
160000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13604000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37087000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23032000 USD
CY2022 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
142000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14197000 USD
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
101413000 USD
CY2022Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1806000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
103219000 USD
CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
101413000 USD
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1806000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
103219000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2138000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2851000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1936000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1441000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1108000 USD
CY2022Q2 pl Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
4130000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13604000 USD
CY2022Q2 pl Deferred Research And Development Service Liability Current
DeferredResearchAndDevelopmentServiceLiabilityCurrent
21115000 USD
CY2022Q1 pl Deferred Research And Development Service Liability Current
DeferredResearchAndDevelopmentServiceLiabilityCurrent
21878000 USD
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4578000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6007000 USD
CY2022Q2 pl Deferred Hosting And Other Services Costs Current
DeferredHostingAndOtherServicesCostsCurrent
4148000 USD
CY2022Q1 pl Deferred Hosting And Other Services Costs Current
DeferredHostingAndOtherServicesCostsCurrent
3967000 USD
CY2022Q2 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
0 USD
CY2022Q1 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
2193000 USD
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
4044000 USD
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
3731000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9299000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11047000 USD
CY2022Q2 pl Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
43184000 USD
CY2022Q1 pl Accrued And Other Current Liabilities
AccruedAndOtherCurrentLiabilities
48823000 USD
CY2022Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
800000 USD
CY2022Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1025000 USD
CY2022Q2 pl Purchase Obligation To Be Paid After Year One
PurchaseObligationToBePaidAfterYearOne
0 USD
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
1825000 USD
CY2022Q2 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
18595000 USD
CY2022Q2 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
28050000 USD
CY2022Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
30120000 USD
CY2022Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
31190000 USD
CY2022Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
32725000 USD
CY2022Q2 pl Other Commitment To Be Paid After Year Four
OtherCommitmentToBePaidAfterYearFour
33427000 USD
CY2022Q2 us-gaap Other Commitment
OtherCommitment
174107000 USD
CY2022Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
0 USD
CY2021Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1768000 USD
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
221000 USD
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
CY2021Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
538000 USD
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
0 USD
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
2527000 USD
CY2021Q4 pl Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingDay
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
20259000 USD
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
3243000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
437000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
141000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19822000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3102000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
41907551 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.63
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M15D
CY2022Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2834653 shares
CY2022Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.75
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
148302 shares
CY2022Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.97
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
38924596 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.84
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
47513000 USD
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
24776770 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
3.55
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 USD
CY2022Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 USD
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y9M3D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
41675000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
45400000 USD
CY2022Q2 pl Liabilities Early Exercise Of Stock Options Current
LiabilitiesEarlyExerciseOfStockOptionsCurrent
15200000 USD
CY2022Q2 pl Shares Subject To Repurchase Upon Early Exercise Of Unvested Stock Options
SharesSubjectToRepurchaseUponEarlyExerciseOfUnvestedStockOptions
1562476 shares
CY2021Q4 pl Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingDay
CY2021Q4 pl Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Day Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDayPeriod
30 tradingDay
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6000000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5700000 USD
CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-44360000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-29255000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264088997 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264088997 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45722408 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45722408 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.64
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
95845788 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
182711098 shares

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