2022 Q4 Form 20-F Financial Statement

#000184358823000010 Filed on March 28, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cost Of Revenue $0.00 $547.0K $656.0K
YoY Change -100.0% -45.03% 1.39%
Gross Profit $0.00 -$547.0K -$656.0K
YoY Change -100.0% -44.69% 153.28%
Gross Profit Margin
Selling, General & Admin $9.388M $49.20M $15.54M
YoY Change -39.58% -81.23% -59.38%
% of Gross Profit
Research & Development $18.42M $78.23M $23.29M
YoY Change -20.9% -69.01%
% of Gross Profit
Depreciation & Amortization -$1.141M $1.683M $192.0K
YoY Change -694.27% 247.73% 15.66%
% of Gross Profit
Operating Expenses $27.81M $127.4M $38.83M
YoY Change -28.38% -75.23% -42.76%
Operating Profit -$27.81M -$128.0M -$39.49M
YoY Change -29.57% -75.17% -42.02%
Interest Expense $633.0K $4.371M $297.0K
YoY Change 113.13% 926.06% -22.86%
% of Operating Profit
Other Income/Expense, Net $0.00 $4.371M -$6.239M
YoY Change -100.0% -60.34%
Pretax Income -$27.18M -$105.7M -$45.43M
YoY Change -40.17% -79.04% -32.91%
Income Tax $81.00K $1.748M $1.223M
% Of Pretax Income
Net Earnings -$27.26M -$107.4M -$46.65M
YoY Change -41.57% -78.74% -31.1%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.09 -$0.37 -$141.1K
COMMON SHARES
Basic Shares Outstanding 293.5M shares
Diluted Shares Outstanding 293.5M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $153.6M $153.6M $275.8M
YoY Change -44.29% -44.29% 18755.3%
Cash & Equivalents $56.76M $56.76M $275.8M
Short-Term Investments $96.86M $96.86M $0.00
Other Short-Term Assets $7.472M $7.472M $6.186M
YoY Change 20.79% 20.79% 22701.33%
Inventory $0.00 $0.00
Prepaid Expenses $5.008M $5.151M
Receivables $0.00 $0.00
Other Receivables $434.0K $6.114M
Total Short-Term Assets $165.7M $165.7M $288.1M
YoY Change -42.49% -42.49% 19237.58%
LONG-TERM ASSETS
Property, Plant & Equipment $16.94M $43.00M $2.675M
YoY Change 533.23% 1507.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.001M $3.001M $1.005M
YoY Change 198.61% 198.61%
Total Long-Term Assets $49.34M $49.34M $4.864M
YoY Change 914.35% 914.35% -97.58%
TOTAL ASSETS
Total Short-Term Assets $165.7M $165.7M $288.1M
Total Long-Term Assets $49.34M $49.34M $4.864M
Total Assets $215.0M $215.0M $292.9M
YoY Change -26.6% -26.6% 44.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.172M $6.172M $4.538M
YoY Change 36.01% 36.01% 3491.04%
Accrued Expenses $8.731M $8.731M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.04M $20.04M $20.56M
YoY Change -2.52% -2.52% -46.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.57M $19.57M $21.98M
YoY Change -10.97% -10.97%
Total Long-Term Liabilities $19.57M $19.57M $21.98M
YoY Change -10.97% -10.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.04M $20.04M $20.56M
Total Long-Term Liabilities $19.57M $19.57M $21.98M
Total Liabilities $39.60M $39.60M $42.53M
YoY Change -6.89% -6.89% 11.45%
SHAREHOLDERS EQUITY
Retained Earnings -$721.9M -$614.5M
YoY Change 17.48%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $175.4M $175.4M $250.4M
YoY Change
Total Liabilities & Shareholders Equity $215.0M $215.0M $292.9M
YoY Change -26.6% -26.6% 44.49%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$27.26M -$107.4M -$46.65M
YoY Change -41.57% -78.74% -31.1%
Depreciation, Depletion And Amortization -$1.141M $1.683M $192.0K
YoY Change -694.27% 247.73% 15.66%
Cash From Operating Activities -$27.77M -$112.6M -$18.47M
YoY Change 50.34% 90.37% 41.4%
INVESTING ACTIVITIES
Capital Expenditures $2.037M $11.06M -$987.0K
YoY Change -306.38% -557.89% 65.88%
Acquisitions
YoY Change
Other Investing Activities $21.00M -$95.78M $0.00
YoY Change -5845.47% -100.0%
Cash From Investing Activities $18.96M -$106.8M -$987.0K
YoY Change -2021.18% 14182.75% -56.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $809.0K
YoY Change -97.56%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 85.00K $2.430M 809.0K
YoY Change -89.49% -99.17% -97.56%
NET CHANGE
Cash From Operating Activities -27.77M -$112.6M -18.47M
Cash From Investing Activities 18.96M -$106.8M -987.0K
Cash From Financing Activities 85.00K $2.430M 809.0K
Net Change In Cash -8.721M -$217.0M -18.65M
YoY Change -53.23% -193.77% -204.79%
FREE CASH FLOW
Cash From Operating Activities -$27.77M -$112.6M -$18.47M
Capital Expenditures $2.037M $11.06M -$987.0K
Free Cash Flow -$29.81M -$123.6M -$17.48M
YoY Change 70.48% 117.97% 40.23%

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OtherOperatingActivitiesCashFlowStatement
18000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-112585000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-59139000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13062000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11058000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2415000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
595000 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
139891000 usd
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 usd
CY2020 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
44114000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
0 usd
CY2020 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
0 usd
CY2022 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
0 usd
CY2021 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
1667000 usd
CY2020 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
-1667000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106835000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-748000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2262000 usd
CY2022 ree Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
2430000 usd
CY2021 ree Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
809000 usd
CY2020 ree Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
209000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
25825000 usd
CY2022 ree Proceeds From Warrant Exercises To Preferred Stock
ProceedsFromWarrantExercisesToPreferredStock
0 usd
CY2021 ree Proceeds From Warrant Exercises To Preferred Stock
ProceedsFromWarrantExercisesToPreferredStock
2907000 usd
CY2020 ree Proceeds From Warrant Exercises To Preferred Stock
ProceedsFromWarrantExercisesToPreferredStock
7085000 usd
CY2022 ree Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 usd
CY2021 ree Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
287579000 usd
CY2020 ree Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2430000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
291295000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33119000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-216990000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
231408000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17795000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
276915000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45507000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27712000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59925000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
276915000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45507000 usd
CY2022 ree Noncash Deferred Acquisition Costs
NoncashDeferredAcquisitionCosts
0 usd
CY2021 ree Noncash Deferred Acquisition Costs
NoncashDeferredAcquisitionCosts
0 usd
CY2020 ree Noncash Deferred Acquisition Costs
NoncashDeferredAcquisitionCosts
328000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2739000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
114000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
61000 usd
CY2022 ree Noncash Reclassification Of Warrant Liability
NoncashReclassificationOfWarrantLiability
3104000 usd
CY2021 ree Noncash Reclassification Of Warrant Liability
NoncashReclassificationOfWarrantLiability
0 usd
CY2020 ree Noncash Reclassification Of Warrant Liability
NoncashReclassificationOfWarrantLiability
0 usd
CY2022 ree Noncash Interest Received
NoncashInterestReceived
1905000 usd
CY2021 ree Noncash Interest Received
NoncashInterestReceived
394000 usd
CY2020 ree Noncash Interest Received
NoncashInterestReceived
457000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
590000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56762000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
275772000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44707000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
162000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
138000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
800000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3001000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1005000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 usd
CY2022Q4 ree Cash Cash Equivalents Restricted Cash And Cash Equivalents And Short Term Investments
CashCashEquivalentsRestrictedCashAndCashEquivalentsAndShortTermInvestments
59925000 usd
CY2021Q4 ree Cash Cash Equivalents Restricted Cash And Cash Equivalents And Short Term Investments
CashCashEquivalentsRestrictedCashAndCashEquivalentsAndShortTermInvestments
276915000 usd
CY2020Q4 ree Cash Cash Equivalents Restricted Cash And Cash Equivalents And Short Term Investments
CashCashEquivalentsRestrictedCashAndCashEquivalentsAndShortTermInvestments
45507000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56762000 usd
CY2022Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
96857000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-107420000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-721928000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div><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><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates, judgments and assumptions.</span></div><div><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%">These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period and accompanying notes. Actual results could differ from those estimates. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made.</span></div>
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2021 us-gaap Severance Costs1
SeveranceCosts1
842000 usd
CY2020 us-gaap Severance Costs1
SeveranceCosts1
386000 usd
CY2021Q3 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
30000000 shares
CY2021Q3 ree Reverse Recapitalization Gross
ReverseRecapitalizationGross
348000000 usd
CY2021Q3 us-gaap Nontrade Receivables
NontradeReceivables
46395000 usd
CY2021Q3 us-gaap Nontrade Receivables
NontradeReceivables
38340000 gbp
CY2022 ree Defined Contribution Plan Maximum Monthly Contributions Per Employee Percent
DefinedContributionPlanMaximumMonthlyContributionsPerEmployeePercent
0.0833
CY2022 us-gaap Severance Costs1
SeveranceCosts1
1217000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="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%">Concentration of credit risk</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%">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents restricted cash, and short-term investments.</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%">The Company’s cash, cash equivalents, restricted cash, and short-term investments are invested in high-quality banks in Israel and the United States. In addition, the Company’s short-term investments are in securities that have investment grade credit ratings. Generally, these securities may be redeemed upon demand and, therefore, bear low risk.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(cont.)</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%">The Company has no significant off-balance-sheet concentrations of credit risk such as, foreign exchange contracts and option contracts.</span></div>
CY2022 us-gaap Advertising Expense
AdvertisingExpense
614000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1000000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
291000 usd
CY2021Q3 ree Reverse Recapitalization Transaction Costs
ReverseRecapitalizationTransactionCosts
63000000 usd
CY2021Q3 ree Reverse Recapitalization Warrants And Rights Outstanding Transaction Costs
ReverseRecapitalizationWarrantsAndRightsOutstandingTransactionCosts
2887000 usd
CY2021Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
26.7017
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
90692220 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69443231 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70721964 shares
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1726000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
856000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
943000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
943000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
943000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
943000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
943000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
943000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
943000 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
943000 usd
CY2022Q4 ree Lessee Operating Lease Liability To Be Paid Year Five And Thereafter
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndThereafter
13384000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
96857000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
219000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
96638000 usd
CY2022Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28107000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6736000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
21371000 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
870000 usd
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
286000 usd
CY2022Q4 ree Prepayments To Government Authorities
PrepaymentsToGovernmentAuthorities
2302000 usd
CY2021Q4 ree Prepayments To Government Authorities
PrepaymentsToGovernmentAuthorities
897000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5008000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5151000 usd
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
4150000 usd
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
5734000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
434000 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
380000 usd
CY2022Q4 ree Prepaid Expense And Other Accounts Receivable Current
PrepaidExpenseAndOtherAccountsReceivableCurrent
11894000 usd
CY2021Q4 ree Prepaid Expense And Other Accounts Receivable Current
PrepaidExpenseAndOtherAccountsReceivableCurrent
12162000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
4163000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
165000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
120000 usd
CY2022 us-gaap Lease Cost
LeaseCost
4448000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5946000 usd
CY2022Q4 ree Operating Lease Right Of Use Asset And Lease Liability
OperatingLeaseRightOfUseAssetAndLeaseLiability
8857000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16636000 usd
CY2022 ree Operating Lease Right Of Use Asset Adjustments
OperatingLeaseRightOfUseAssetAdjustments
3796000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0565
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4260000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3603000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3579000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3281000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18504000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3240000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1565000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
565000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16939000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2675000 usd
CY2022 us-gaap Depreciation
Depreciation
1683000 usd
CY2021 us-gaap Depreciation
Depreciation
484000 usd
CY2020 us-gaap Depreciation
Depreciation
166000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5190000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8262000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
793000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
600000 usd
CY2022Q4 ree Accrued Engineering Costs Nonrecurring Current
AccruedEngineeringCostsNonrecurringCurrent
572000 usd
CY2021Q4 ree Accrued Engineering Costs Nonrecurring Current
AccruedEngineeringCostsNonrecurringCurrent
4800000 usd
CY2022Q4 ree Government Authorities Related Liabilities Current
GovernmentAuthoritiesRelatedLiabilitiesCurrent
2624000 usd
CY2021Q4 ree Government Authorities Related Liabilities Current
GovernmentAuthoritiesRelatedLiabilitiesCurrent
648000 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
1939000 usd
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
1708000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
11118000 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
16018000 usd
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022 ree Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
2 class
CY2021Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
30000000 shares
CY2021Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
300000 usd
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
2569000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
0 usd
CY2022Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
0 usd
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
0 usd
CY2022Q4 ree Purchase Obligation To Be Paid Year Five And Thereafter
PurchaseObligationToBePaidYearFiveAndThereafter
0 usd
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
2569000 usd
CY2022Q4 ree Guaranty Liabilities Current
GuarantyLiabilitiesCurrent
162000 usd
CY2022Q4 ree Guaranty Liabilities Noncurrent
GuarantyLiabilitiesNoncurrent
3001000 usd
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
141461817 shares
CY2021Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
26.7017
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1083417110 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
327477544 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
327477544 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1083417110 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
317679746 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
317679746 shares
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26892000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
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