2024 Q2 Form 10-Q Financial Statement

#000113709124000014 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $110.6M $95.24M
YoY Change -9.26% -18.23%
Cost Of Revenue $75.40M $69.48M
YoY Change -20.56% -25.29%
Gross Profit $35.19M $25.76M
YoY Change 30.55% 9.74%
Gross Profit Margin 31.82% 27.04%
Selling, General & Admin $4.520M $9.532M
YoY Change -57.16% -3.77%
% of Gross Profit 12.85% 37.01%
Research & Development $4.959M $5.197M
YoY Change 6.37% 12.88%
% of Gross Profit 14.09% 20.18%
Depreciation & Amortization $1.318M $952.0K
YoY Change -5.99% -5.74%
% of Gross Profit 3.75% 3.7%
Operating Expenses $9.844M $15.09M
YoY Change -37.1% 1.0%
Operating Profit $25.34M $10.66M
YoY Change 124.18% 25.08%
Interest Expense -$2.909M $3.346M
YoY Change -162.63% -28.27%
% of Operating Profit -11.48% 31.38%
Other Income/Expense, Net
YoY Change
Pretax Income $22.44M $7.316M
YoY Change 236.86% 89.58%
Income Tax $895.0K $201.0K
% Of Pretax Income 3.99% 2.75%
Net Earnings $21.54M $7.115M
YoY Change 235.67% 91.06%
Net Earnings / Revenue 19.48% 7.47%
Basic Earnings Per Share $0.94 $0.31
Diluted Earnings Per Share $0.94 $0.31
COMMON SHARES
Basic Shares Outstanding 22.97M shares 22.97M shares
Diluted Shares Outstanding 22.99M shares 22.97M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.80M $33.06M
YoY Change 3.67% 22.76%
Cash & Equivalents $28.80M $33.10M
Short-Term Investments
Other Short-Term Assets $18.10M $15.98M
YoY Change 64.02% 4.66%
Inventory $93.45M $88.80M
Prepaid Expenses
Receivables $64.26M $49.29M
Other Receivables $293.0K $412.0K
Total Short-Term Assets $231.6M $209.1M
YoY Change -4.34% -21.15%
LONG-TERM ASSETS
Property, Plant & Equipment $39.97M $41.26M
YoY Change 2.95% 61.24%
Goodwill $29.80M $29.80M
YoY Change 0.0% 0.0%
Intangibles $3.184M $3.549M
YoY Change -33.49% -32.05%
Long-Term Investments
YoY Change
Other Assets $2.971M $3.089M
YoY Change 47.08% 53.0%
Total Long-Term Assets $75.96M $77.73M
YoY Change 0.66% 24.04%
TOTAL ASSETS
Total Short-Term Assets $231.6M $209.1M
Total Long-Term Assets $75.96M $77.73M
Total Assets $307.6M $286.8M
YoY Change -3.16% -12.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.95M $72.82M
YoY Change -6.63% -8.63%
Accrued Expenses $28.58M $26.36M
YoY Change -9.34% -19.15%
Deferred Revenue $9.542M $2.766M
YoY Change 297.75% -1.39%
Short-Term Debt $134.8M $139.8M
YoY Change -28.97% -33.36%
Long-Term Debt Due $96.00K $117.0K
YoY Change -28.36% -11.36%
Total Short-Term Liabilities $243.8M $245.8M
YoY Change -18.13% -24.9%
LONG-TERM LIABILITIES
Long-Term Debt $64.00K $77.00K
YoY Change -60.0% -60.51%
Other Long-Term Liabilities $12.20M $9.864M
YoY Change 1.35% -16.44%
Total Long-Term Liabilities $12.27M $9.941M
YoY Change 0.54% -17.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $243.8M $245.8M
Total Long-Term Liabilities $12.27M $9.941M
Total Liabilities $282.8M $283.6M
YoY Change -16.26% -19.98%
SHAREHOLDERS EQUITY
Retained Earnings -$132.1M -$153.7M
YoY Change -25.33% -16.19%
Common Stock $23.00K $23.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.77M $3.224M
YoY Change
Total Liabilities & Shareholders Equity $307.6M $286.8M
YoY Change -3.16% -12.51%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $21.54M $7.115M
YoY Change 235.67% 91.06%
Depreciation, Depletion And Amortization $1.318M $952.0K
YoY Change -5.99% -5.74%
Cash From Operating Activities $1.534M $15.63M
YoY Change -92.89% 212.54%
INVESTING ACTIVITIES
Capital Expenditures $712.0K $815.0K
YoY Change 10.9% 33.17%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$712.0K -$815.0K
YoY Change 10.9% 33.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.058M -$5.181M
YoY Change -74.77% 217.27%
NET CHANGE
Cash From Operating Activities 1.534M $15.63M
Cash From Investing Activities -712.0K -$815.0K
Cash From Financing Activities -5.058M -$5.181M
Net Change In Cash -4.236M $9.634M
YoY Change -578.1% 249.56%
FREE CASH FLOW
Cash From Operating Activities $1.534M $15.63M
Capital Expenditures $712.0K $815.0K
Free Cash Flow $822.0K $14.82M
YoY Change -96.07% 237.55%

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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22800000 usd
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates and assumptions include the valuation of allowances for credit losses, inventory reserves, warranty reserves, stock-based compensation, evaluation of goodwill, other intangibles, property, plant and equipment for impairment, income tax valuation allowances and determination of useful lives of long-lived assets. Actual results could materially differ from those estimates.</span></div>
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
3200000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3800000 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
75672000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
68273000 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
1517000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1166000 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
18287000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
21238000 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
95476000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
90677000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6676000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5730000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
88800000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
84947000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5730000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3904000 usd
CY2024Q1 psix Inventory Valuation Reserves Charged To Expense
InventoryValuationReservesChargedToExpense
1018000 usd
CY2023Q1 psix Inventory Valuation Reserves Charged To Expense
InventoryValuationReservesChargedToExpense
1004000 usd
CY2024Q1 us-gaap Inventory Write Down
InventoryWriteDown
72000 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
120000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6676000 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4788000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
10610000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
11290000 usd
CY2024Q1 us-gaap Litigation Reserve
LitigationReserve
3787000 usd
CY2023Q4 us-gaap Litigation Reserve
LitigationReserve
3929000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2766000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2741000 usd
CY2024Q1 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
5425000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
8469000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
2340000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1913000 usd
CY2024Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3866000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3657000 usd
CY2024Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
28794000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
31999000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19263000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21550000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1704000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1411000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
144000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
3850000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3759000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3806000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17352000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23005000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
10610000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
13085000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
6742000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
9920000 usd
CY2024Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
1500000 usd
CY2023Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
5100000 usd
CY2024Q1 psix Product Warranty Recoveries
ProductWarrantyRecoveries
300000 usd
CY2023Q1 psix Product Warranty Recoveries
ProductWarrantyRecoveries
100000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
100000 usd
CY2024Q1 psix Standard Product Warranty Accrual Earnings Per Share Diluted
StandardProductWarrantyAccrualEarningsPerShareDiluted
0.01
CY2023Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
3900000 usd
CY2023Q1 psix Standard Product Warranty Accrual Earnings Per Share Diluted
StandardProductWarrantyAccrualEarningsPerShareDiluted
0.17
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95240000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
116469000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95240000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
116469000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21528000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
15554000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3620000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2766000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2741000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2256000 usd
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2185000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2401000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3199000 usd
CY2024Q1 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
16577000 usd
CY2023Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
10412000 usd
CY2022Q4 psix Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-1835000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33791000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3549000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37340000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33426000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
400000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
700000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3500000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1100000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
500000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
200000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1500000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
200000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
100000 usd
CY2024Q1 psix Debt Instrument Number Of Loan Agreements
DebtInstrumentNumberOfLoanAgreements
3 agreement
CY2023Q1 psix Collaborative Arrangement Term
CollaborativeArrangementTerm
P3Y
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
56433000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
55605000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
41522000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
40677000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
14911000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
14928000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
29800000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
29800000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
11600000 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
11600000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
37340000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3914000 usd
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
139820000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
144820000 usd
CY2024Q1 psix Finance Lease Liability And Other Long Term Debt
FinanceLeaseLiabilityAndOtherLongTermDebt
345000 usd
CY2023Q4 psix Finance Lease Liability And Other Long Term Debt
FinanceLeaseLiabilityAndOtherLongTermDebt
399000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
345000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
399000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
193000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
215000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
152000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
184000 usd
CY2024Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
100000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
200000 usd
CY2024Q1 psix Number Of Shareholder Loan Agreements Amended
NumberOfShareholderLoanAgreementsAmended
1 agreement
CY2024Q1 psix Number Of Shareholder Loan Agreements
NumberOfShareholderLoanAgreements
4 agreement
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
140200000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33100000 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2300000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1900000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
2033000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
2002000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1532000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1359000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
17000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
21000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000 usd
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
199000 usd
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
282000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
601000 usd
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
266000 usd
CY2024Q1 psix Lease Cost Excluding Sublease Income
LeaseCostExcludingSubleaseIncome
2033000 usd
CY2023Q1 psix Lease Cost Excluding Sublease Income
LeaseCostExcludingSubleaseIncome
1736000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1493000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1233000 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
20000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1139000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
155000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.076
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26350000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27145000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4123000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3912000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24095000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25070000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
28218000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28982000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
126000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
144000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
76000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
76000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
75000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
94000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
151000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
170000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4570000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
62000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6250000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
81000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5946000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
17000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5950000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4972000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4000000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3534000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35222000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
160000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7004000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
9000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
28218000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
151000 usd
CY2024Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
100000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
200000 usd
CY2024Q1 psix Number Of Outstanding Letters Of Credit
NumberOfOutstandingLettersOfCredit
4 letterofcredit
CY2024Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1400000 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
3200000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.027
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.035
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
7115000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3724000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22969000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22951000 shares
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22973000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22967000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001137091-24-000014-index.html Edgar Link pending
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