2022 Q3 Form 10-Q Financial Statement

#000181981022000106 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $37.25M $36.73M $32.87M
YoY Change 13.98% 14.25% 3.69%
Cost Of Revenue $29.30M $29.75M $27.70M
YoY Change 9.39% 26.4% 14.35%
Gross Profit $7.949M $6.982M $5.171M
YoY Change 34.87% -18.95% -30.84%
Gross Profit Margin 21.34% 19.01% 15.73%
Selling, General & Admin $15.31M $17.56M $20.95M
YoY Change -55.4% 44.63% 86.13%
% of Gross Profit 192.63% 251.53% 405.16%
Research & Development $1.133M $1.708M $1.724M
YoY Change -17.36% 78.29% 73.09%
% of Gross Profit 14.25% 24.46% 33.34%
Depreciation & Amortization $1.776M $3.402M $3.658M
YoY Change 552.94% 29.95% 61.07%
% of Gross Profit 22.34% 48.73% 70.74%
Operating Expenses $16.45M $19.27M $22.68M
YoY Change -53.94% 47.09% 85.07%
Operating Profit -$10.32M -$92.80M -$17.55M
YoY Change -66.78% 494.74% 144.02%
Interest Expense -$2.401M -$1.670M -$1.452M
YoY Change 37.99% -5.65% 2.18%
% of Operating Profit
Other Income/Expense, Net $158.0K $15.52M -$1.180M
YoY Change -94.66% 14004.55% 1256.32%
Pretax Income -$12.56M -$78.95M -$20.18M
YoY Change -57.91% 357.35% 131.98%
Income Tax -$2.135M -$1.925M -$2.889M
% Of Pretax Income
Net Earnings -$10.42M -$77.03M -$17.29M
YoY Change -57.02% 384.42% 125.35%
Net Earnings / Revenue -27.98% -209.73% -52.62%
Basic Earnings Per Share -$0.16 -$1.22 -$0.28
Diluted Earnings Per Share -$0.16 -$1.22 -$0.28
COMMON SHARES
Basic Shares Outstanding 63.25M shares 62.99M shares 62.69M shares
Diluted Shares Outstanding 63.46M shares 62.99M shares 62.69M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.031M $10.88M $5.938M
YoY Change -74.21% 47.21% 398.99%
Cash & Equivalents $7.000M $10.90M $5.900M
Short-Term Investments
Other Short-Term Assets $6.771M $4.765M $6.345M
YoY Change 19.61% -6.97% 4130.0%
Inventory $2.029M $1.681M $1.022M
Prepaid Expenses
Receivables $16.52M $12.70M $11.98M
Other Receivables $688.0K $688.0K $688.0K
Total Short-Term Assets $49.36M $45.46M $43.47M
YoY Change -8.55% 28.0% 3161.65%
LONG-TERM ASSETS
Property, Plant & Equipment $6.697M $5.824M $18.79M
YoY Change 38.65% 13.86%
Goodwill $56.71M $56.80M $96.23M
YoY Change -18.55%
Intangibles $56.21M $57.72M $88.35M
YoY Change -35.73%
Long-Term Investments
YoY Change
Other Assets $616.0K $756.0K
YoY Change 392.8% 540.68%
Total Long-Term Assets $135.0M $133.1M $216.4M
YoY Change -16.68% -19.85% 30.12%
TOTAL ASSETS
Total Short-Term Assets $49.36M $45.46M $43.47M
Total Long-Term Assets $135.0M $133.1M $216.4M
Total Assets $184.4M $178.6M $259.8M
YoY Change -14.65% -11.43% 55.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.60M $18.41M $13.91M
YoY Change 138.09% 209.17% 7074.37%
Accrued Expenses $18.91M $14.59M $19.32M
YoY Change 47.25% -15.35%
Deferred Revenue $17.37M $15.82M $13.93M
YoY Change 48.02%
Short-Term Debt $1.000M $1.000M $1.000M
YoY Change 12.61% -92.23%
Long-Term Debt Due $3.476M $780.0K $1.542M
YoY Change -9.17% -36.59%
Total Short-Term Liabilities $63.62M $55.33M $53.88M
YoY Change 69.63% 3.3% 27699.19%
LONG-TERM LIABILITIES
Long-Term Debt $89.51M $84.63M $74.75M
YoY Change 19.37% -27.5%
Other Long-Term Liabilities $325.0K $325.0K $609.0K
YoY Change -97.64% -98.54%
Total Long-Term Liabilities $89.84M $84.95M $75.35M
YoY Change 19.8% -34.91% 80.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.62M $55.33M $53.88M
Total Long-Term Liabilities $89.84M $84.95M $75.35M
Total Liabilities $169.6M $157.5M $165.6M
YoY Change 23.14% -14.44% 294.03%
SHAREHOLDERS EQUITY
Retained Earnings -$180.7M -$170.2M -$93.20M
YoY Change 190.44% 676.61%
Common Stock $6.000K $6.000K $6.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.80M $21.10M $94.21M
YoY Change
Total Liabilities & Shareholders Equity $184.4M $178.6M $259.8M
YoY Change -14.65% -11.43% 55.02%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$10.42M -$77.03M -$17.29M
YoY Change -57.02% 384.42% 125.35%
Depreciation, Depletion And Amortization $1.776M $3.402M $3.658M
YoY Change 552.94% 29.95% 61.07%
Cash From Operating Activities -$11.25M -$4.138M -$11.45M
YoY Change -21.04% -45.25% -8.61%
INVESTING ACTIVITIES
Capital Expenditures -$1.359M -$1.059M $892.0K
YoY Change 50.17% 41.58% 54.86%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$1.359M -$1.059M -$1.014M
YoY Change 50.17% -3.55% -97.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.337M
YoY Change -73.21%
Cash From Financing Activities 8.778M 10.18M -$2.107M
YoY Change -74.79% -5067.8% -105.15%
NET CHANGE
Cash From Operating Activities -11.25M -4.138M -$11.45M
Cash From Investing Activities -1.359M -1.059M -$1.014M
Cash From Financing Activities 8.778M 10.18M -$2.107M
Net Change In Cash -3.826M 4.987M -$14.59M
YoY Change -119.44% -156.28% 149.27%
FREE CASH FLOW
Cash From Operating Activities -$11.25M -$4.138M -$11.45M
Capital Expenditures -$1.359M -$1.059M $892.0K
Free Cash Flow -$9.886M -$3.079M -$12.34M
YoY Change -25.88% -54.79% -5.82%

Facts In Submission

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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62842495 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62842495 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37200000 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-77028000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-15901000 usd
us-gaap Net Income Loss
NetIncomeLoss
-94321000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23575000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-358000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
52000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-486000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-179000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-358000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
52000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-486000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-179000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-77386000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15849000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-94807000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23754000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
33400000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
52000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-15901000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
17551000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
39195000 usd
rdw Adjustments To Additional Paid In Capital Parent Contributions
AdjustmentsToAdditionalPaidInCapitalParentContributions
2110000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-179000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23575000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
17551000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
94212000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1743000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1260000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
756000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-358000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-77028000 usd
CY2022Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
513000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21098000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
107222000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6154000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1260000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
756000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-486000 usd
us-gaap Net Income Loss
NetIncomeLoss
-94321000 usd
us-gaap Stockholders Equity Other
StockholdersEquityOther
513000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21098000 usd
us-gaap Net Income Loss
NetIncomeLoss
-94321000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23575000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7060000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4889000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
207000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
132000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6154000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
rdw Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability Expenses Not Yet Settled
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiabilityExpensesNotYetSettled
0 usd
rdw Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability Expenses Not Yet Settled
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiabilityExpensesNotYetSettled
11114000 usd
rdw Discount On Common Stock Issued Under Committed Equity Facility
DiscountOnCommonStockIssuedUnderCommittedEquityFacility
-38000 usd
rdw Discount On Common Stock Issued Under Committed Equity Facility
DiscountOnCommonStockIssuedUnderCommittedEquityFacility
0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-15155000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-4828000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2476000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
80462000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
187000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-31000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-65000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3546000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3361000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3009000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
3535000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1003000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
104000 usd
us-gaap Increase Decrease In Prepaid Insurance
IncreaseDecreaseInPrepaidInsurance
-2127000 usd
us-gaap Increase Decrease In Prepaid Insurance
IncreaseDecreaseInPrepaidInsurance
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
827000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3446000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3514000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5916000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
101000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4289000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
132000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1413000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15584000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20083000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
38735000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1898000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1324000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
175000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
0 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
4874000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2073000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35185000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2294000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5194000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
770000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
62000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
45970000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1222000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
rdw Payments Of Committed Equity Facility Transaction Costs
PaymentsOfCommittedEquityFacilityTransactionCosts
81000 usd
rdw Payments Of Committed Equity Facility Transaction Costs
PaymentsOfCommittedEquityFacilityTransactionCosts
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8077000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40714000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-64000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-132000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9644000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14686000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20523000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22076000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10879000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7390000 usd
us-gaap Interest Paid Net
InterestPaidNet
2759000 usd
us-gaap Interest Paid Net
InterestPaidNet
2892000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
rdw Non Cash Parent Contribution To Acquire Business
NonCashParentContributionToAcquireBusiness
0 usd
rdw Non Cash Parent Contribution To Acquire Business
NonCashParentContributionToAcquireBusiness
2110000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1252000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
154000 usd
rdw Equity Issuance Costs Not Yet Paid
EquityIssuanceCostsNotYetPaid
651000 usd
rdw Equity Issuance Costs Not Yet Paid
EquityIssuanceCostsNotYetPaid
0 usd
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
8 acquisition
CY2021Q3 rdw Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
110600000 usd
CY2021Q3 us-gaap Payments For Merger Related Costs
PaymentsForMergerRelatedCosts
38700000 usd
CY2021Q3 rdw Common Stock And Preferred Stock Shares Authorized
CommonStockAndPreferredStockSharesAuthorized
600000000 shares
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q3 rdw Reverse Recapitalization Cash Consideration
ReverseRecapitalizationCashConsideration
75000000 usd
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
59661273 shares
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="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 financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management has prepared the estimates using the most current and best available information that are considered reasonable under the circumstances. However, actual results could differ materially from those estimates. Accounting policies subject to estimates include, but are not limited to, valuation of goodwill and intangible assets, contingent consideration, revenue recognition, income taxes, and warrant liabilities.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, certificates of deposit, and accounts receivable. The Company places its cash and cash equivalents with financial institutions of high-credit quality. At times, such amounts may exceed federally insured limits.The Company provides credit to customers in the normal course of business. The carrying amount of current accounts receivable is stated at cost, net of an allowance for doubtful accounts. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of accounts receivable that will not be fully collected. The allowance is based on the assessment of the following factors: customer creditworthiness, historical payment experience, age of outstanding accounts receivable and any applicable collateral.
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10900000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20500000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reportingunit
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10100000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10200000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
756000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
20098000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
94000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2400000 usd
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
3.04
CY2022Q2 rdw Sale Of Stock Unused Capacity Amount
SaleOfStockUnusedCapacityAmount
26400000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
756000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-15155000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4943000 usd
CY2022Q2 us-gaap Billed Contract Receivables
BilledContractReceivables
12382000 usd
CY2021Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
14820000 usd
CY2022Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
320000 usd
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1442000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
12702000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
16262000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1020000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
414000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
507000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
117000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
154000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
157000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
1681000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
688000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
28200000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8278000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21639000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
39300000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2454000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2255000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5824000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19384000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
12900000 usd
CY2022Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
12900000 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
66697000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8973000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
57724000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
102285000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11443000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
90842000 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
28200000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2806000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5607000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5293000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4729000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4468000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
34455000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
57358000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
96314000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-254000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
39308000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
56752000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
56800000 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
39300000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
96300000 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
86910000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
79204000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1505000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1653000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
85405000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
77551000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
780000 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1800000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2684000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
84625000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
74867000 usd
CY2021Q2 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
600000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
390000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
780000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
780000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
780000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
84180000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
86910000 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1669000 usd
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1780000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
3121000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
3190000 usd
CY2022Q2 rdw Long Term Line Of Credit And Cash And Cash Equivalents
LongTermLineOfCreditAndCashAndCashEquivalents
25900000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10900000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
15000000 usd
CY2022Q2 rdw Number Of Operating Leases Subject To Annual Escalations
NumberOfOperatingLeasesSubjectToAnnualEscalations
1 lease
rdw Operating Leases Renewal Term
OperatingLeasesRenewalTerm
P9Y
rdw Operating Leases Renewal Term Extension
OperatingLeasesRenewalTermExtension
P60D
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
753000 usd
CY2021Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
777000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1476000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1588000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
78000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
172000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
831000 usd
CY2021Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
777000 usd
us-gaap Lease Cost
LeaseCost
1648000 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1588000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12080000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2904000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9503000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.049
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
12407000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
680000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1287000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3629000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
26300000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1487000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3043000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2825000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2247000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1606000 usd
CY2022Q2 rdw Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
3086000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14294000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1887000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
12407000 usd
CY2022Q2 rdw Lessee Operating Lease Lease Not Yet Commenced Number Of Leases
LesseeOperatingLeaseLeaseNotYetCommencedNumberOfLeases
1 lease
CY2022Q2 rdw Lessee Operating Lease Not Yet Commenced Amount
LesseeOperatingLeaseNotYetCommencedAmount
3800000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.024
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.079
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.092
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.049
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.092
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
3.04
CY2022Q2 rdw Sale Of Stock Unused Capacity Amount
SaleOfStockUnusedCapacityAmount
26400000 usd
CY2022Q2 rdw Number Of Share Based Payment Arrangement Plans
NumberOfShareBasedPaymentArrangementPlans
3 plan
rdw Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Participation Threshold
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsParticipationThreshold
1.00
rdw Share Based Compensation Arrangement By Share Based Payment Award Number Of Tranches
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfTranches
3 tranche
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7936136 shares
CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
9189953 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7936136 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P12M
CY2021 rdw Share Based Payment Arrangement Expense Percentage Recognized
ShareBasedPaymentArrangementExpensePercentageRecognized
0.75
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
0 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1444600 shares
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3400000 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2022Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
101800 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
101800 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1743000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6154000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-77028000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-15901000 usd
us-gaap Net Income Loss
NetIncomeLoss
-94321000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23575000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62992454 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62992454 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37200000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62842495 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62842495 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37200000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36728000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32148000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69595000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63846000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
14747000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
11748000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15823000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15734000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11400000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
129200000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.82
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36728000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32148000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69595000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63846000 usd

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