2019 Q2 Form 10-Q Financial Statement

#000163528219000061 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q1
Revenue $69.87M $58.49M
YoY Change 10.22% 19.19%
Cost Of Revenue $25.03M $23.54M
YoY Change -4.03% 28.25%
Gross Profit $44.84M $34.95M
YoY Change 20.18% 13.78%
Gross Profit Margin 64.17% 59.75%
Selling, General & Admin $37.53M $30.99M
YoY Change 13.63% 29.28%
% of Gross Profit 83.7% 88.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $480.0K $484.0K
YoY Change 2.13% 1.68%
% of Gross Profit 1.07% 1.39%
Operating Expenses $37.67M $11.02M
YoY Change -10.6% -60.52%
Operating Profit $7.162M $23.92M
YoY Change -248.19% 755.31%
Interest Expense $116.0K -$21.30M
YoY Change -100.65% -314.37%
% of Operating Profit 1.62% -89.04%
Other Income/Expense, Net -$343.0K $329.0K
YoY Change -79.63% 269.66%
Pretax Income $6.703M $2.726M
YoY Change -128.07% -119.42%
Income Tax $621.0K $516.0K
% Of Pretax Income 9.26% 18.93%
Net Earnings $6.082M $2.210M
YoY Change -124.9% -115.27%
Net Earnings / Revenue 8.7% 3.78%
Basic Earnings Per Share $0.00 $0.04
Diluted Earnings Per Share $0.00 $0.03
COMMON SHARES
Basic Shares Outstanding 65.54M shares 59.39M shares
Diluted Shares Outstanding 65.54M shares 68.15M shares

Balance Sheet

Concept 2019 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.80M $22.10M
YoY Change 100.0%
Cash & Equivalents $49.85M $54.49M
Short-Term Investments
Other Short-Term Assets $11.90M $40.70M
YoY Change -38.34% 13466.67%
Inventory
Prepaid Expenses $11.47M
Receivables $71.42M $71.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $133.2M $133.8M
YoY Change 23.76% 44500.0%
LONG-TERM ASSETS
Property, Plant & Equipment $3.793M $4.100M
YoY Change -2.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.800M $7.300M
YoY Change -65.0% -95.79%
Total Long-Term Assets $6.549M $11.36M
YoY Change -44.92% -93.44%
TOTAL ASSETS
Total Short-Term Assets $133.2M $133.8M
Total Long-Term Assets $6.549M $11.36M
Total Assets $139.7M $145.2M
YoY Change 16.92% -16.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.509M $7.788M
YoY Change -71.74% 7688.0%
Accrued Expenses $21.70M $44.60M
YoY Change -52.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $36.45M
YoY Change -100.0%
Total Short-Term Liabilities $238.0M $251.1M
YoY Change -0.3% 187359.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $56.39M
YoY Change -100.0%
Other Long-Term Liabilities $31.90M $43.50M
YoY Change -16.71% 400.0%
Total Long-Term Liabilities $0.00 $56.39M
YoY Change -100.0% 548.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $238.0M $251.1M
Total Long-Term Liabilities $0.00 $56.39M
Total Liabilities $269.9M $351.0M
YoY Change -22.75% 3843.51%
SHAREHOLDERS EQUITY
Retained Earnings -$356.5M -$300.9M
YoY Change 9.23%
Common Stock $7.000K $6.000K
YoY Change 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$215.6M -$205.8M
YoY Change
Total Liabilities & Shareholders Equity $139.7M $145.2M
YoY Change 16.92% -16.33%

Cashflow Statement

Concept 2019 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $6.082M $2.210M
YoY Change -124.9% -115.27%
Depreciation, Depletion And Amortization $480.0K $484.0K
YoY Change 2.13% 1.68%
Cash From Operating Activities $18.43M $18.69M
YoY Change 116.82% 183.36%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$320.0K
YoY Change 52.94% 220.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$260.0K -$320.0K
YoY Change 52.94% 220.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -570.0K -$3.935M
YoY Change -97.84% 138.48%
NET CHANGE
Cash From Operating Activities 18.43M $18.69M
Cash From Investing Activities -260.0K -320.0K
Cash From Financing Activities -570.0K -$3.935M
Net Change In Cash 17.60M $14.46M
YoY Change -197.45% 192.54%
FREE CASH FLOW
Cash From Operating Activities $18.43M $18.69M
Capital Expenditures -$260.0K -$320.0K
Free Cash Flow $18.69M $19.01M
YoY Change 115.57% 183.91%

Facts In Submission

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CY2019Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.264
CY2018Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12
CY2019Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
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0.12
CY2018Q4 us-gaap Deferred Income Tax Assets Net
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909000 USD
CY2019Q2 us-gaap Deferred Income Tax Assets Net
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987000 USD
us-gaap Deferred Income Taxes And Tax Credits
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-249000 USD
us-gaap Deferred Income Taxes And Tax Credits
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CY2017Q2 us-gaap Deferred Long Term Liability Charges
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19300000 USD
CY2018Q4 us-gaap Deferred Revenue Current
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180358000 USD
CY2019Q2 us-gaap Deferred Revenue Current
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190914000 USD
CY2019Q2 us-gaap Deferred Revenue Current
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190900000 USD
CY2018Q4 us-gaap Deferred Revenue Noncurrent
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28898000 USD
CY2019Q2 us-gaap Deferred Revenue Noncurrent
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28637000 USD
CY2018Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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600000 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1100000 USD
CY2019Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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600000 USD
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1300000 USD
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
us-gaap Revenues
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122454000 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
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95475000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2018Q2 us-gaap Dividends Preferred Stock Cash
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0 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
0 USD
CY2019Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3747000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7340000 USD
CY2018Q2 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
0 USD
us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-911000 USD
us-gaap Depreciation Depletion And Amortization
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966000 USD
CY2019Q2 us-gaap Dividends Payable Current
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3800000 USD
CY2018Q4 us-gaap Deposits Assets Noncurrent
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1438000 USD
CY2019Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
1769000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
950000 USD
CY2019Q2 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
1124000 USD
us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
2202000 USD
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69000 USD
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.022
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.051
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.132
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.077
CY2017Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
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1600000 USD
CY2018Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
7800000 USD
CY2018Q2 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-6700000 USD
CY2018Q2 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-6700000 USD
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-6200000 USD
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-6200000 USD
CY2019Q2 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
0 USD
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
0 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
22503000 USD
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21860000 USD
CY2018Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
21285000 USD
CY2019Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
12775000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10324000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21129000 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11266000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23690000 USD
us-gaap Gross Profit
GrossProfit
72829000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
42922000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
36565000 USD
us-gaap Gross Profit
GrossProfit
85345000 USD
CY2018Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
30400000 USD
CY2019Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
31400000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-24899000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-20876000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4708000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
17237000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
547000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1063000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
621000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1326000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
773000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1056000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
737000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9364000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
349000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9225000 USD
us-gaap Increase Decrease In Accrued Liabilities
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4392000 USD
us-gaap Increase Decrease In Accrued Liabilities
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150000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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19765000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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10228000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
600000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4591000 USD
CY2018Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
7583000 USD
CY2019Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
300000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
-4339000 USD
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
9323000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
22732000 USD
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
116000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
348000 USD
us-gaap Interest Paid Net
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10316000 USD
us-gaap Interest Paid Net
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183000 USD
CY2018Q2 us-gaap Legal Fees
LegalFees
9113000 USD
us-gaap Legal Fees
LegalFees
18012000 USD
CY2019Q2 us-gaap Legal Fees
LegalFees
444000 USD
us-gaap Legal Fees
LegalFees
2485000 USD
CY2018Q4 us-gaap Liabilities
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270473000 USD
CY2019Q2 us-gaap Liabilities
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269916000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
118885000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
139725000 USD
CY2018Q4 us-gaap Liabilities Current
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238508000 USD
CY2019Q2 us-gaap Liabilities Current
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237983000 USD
CY2018Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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2011000 USD
CY2019Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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2181000 USD
CY2018Q2 us-gaap Line Of Credit Facility Collateral Fees Amount
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659000 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
439000 USD
us-gaap Line Of Credit Facility Collateral Fees Amount
LineOfCreditFacilityCollateralFeesAmount
1435000 USD
CY2019Q2 us-gaap Line Of Credit Facility Collateral Fees Amount
LineOfCreditFacilityCollateralFeesAmount
0 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q4 us-gaap Long Term Debt Noncurrent
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0 USD
us-gaap Line Of Credit Facility Collateral Fees Amount
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0 USD
CY2018Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
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223000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
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0 USD
CY2019Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
0 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
0 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2017Q2 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
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95000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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2906000 USD
CY2018 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
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0.05
CY2018Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
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21500000 USD
us-gaap Net Income Loss
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CY2016Q4 us-gaap Litigation Settlement Interest
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20200000 USD
CY2018Q1 us-gaap Litigation Settlement Interest
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200000 USD
CY2018 us-gaap Litigation Settlement Interest
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CY2018Q4 us-gaap Long Term Debt Current
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2372000 USD
CY2019Q2 us-gaap Long Term Debt Current
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0 USD
CY2019Q2 us-gaap Net Income Loss
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4087000 USD
CY2019Q2 us-gaap Net Income Loss
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4100000 USD
us-gaap Net Income Loss
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15911000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q1 us-gaap Loss Contingency Loss In Period
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12800000 USD
CY2018Q1 us-gaap Loss Contingency Receivable
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50300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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664000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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27191000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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24985000 USD
CY2018Q2 us-gaap Net Income Loss
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CY2018Q2 us-gaap Operating Expenses
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42534000 USD
us-gaap Operating Expenses
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53577000 USD
CY2019Q2 us-gaap Operating Expenses
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37755000 USD
us-gaap Operating Expenses
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67460000 USD
CY2018Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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19252000 USD
CY2019Q2 us-gaap Operating Income Loss
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5167000 USD
us-gaap Operating Income Loss
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17885000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
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18705000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Rolling After Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
201000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFive
498000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
1649000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
4965000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
5559000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Next Rolling Twelve Months
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5833000 USD
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1400000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2700000 USD
CY2019Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1500000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3000000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
62649000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
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122454000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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67956000 USD
us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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134216000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
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CY2017Q1 us-gaap Proceeds From Insurance Settlement Operating Activities
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24000000 USD
CY2017Q2 us-gaap Proceeds From Insurance Settlement Operating Activities
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18700000 USD
CY2018Q2 us-gaap Revenues
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62649000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
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CY2018Q4 us-gaap Other Accrued Liabilities Current
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20424000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
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21700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-315000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-352000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-70000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Paid In Kind Interest
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1724000 USD
us-gaap Paid In Kind Interest
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0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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7127000 USD
us-gaap Payments Of Stock Issuance Costs
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1681000 USD
us-gaap Payments Of Stock Issuance Costs
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452000 USD
us-gaap Payments To Acquire Productive Assets
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493000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
641000 USD
CY2018Q3 us-gaap Preferred Stock Discount On Shares
PreferredStockDiscountOnShares
7000000 USD
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
99820000 shares
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
99820000 shares
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Prepaid Expense Current
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7099000 USD
CY2019Q2 us-gaap Prepaid Expense Current
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11470000 USD
us-gaap Proceeds From Issuance Of Private Placement
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0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9110000 USD
CY2018Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
133000000 USD
us-gaap Proceeds From Stock Options Exercised
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731000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1969000 USD
us-gaap Professional Fees
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11300000 USD
us-gaap Profit Loss
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-21939000 USD
us-gaap Profit Loss
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15911000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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3634000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
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3793000 USD
CY2017Q2 us-gaap Repayments Of Lines Of Credit
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14100000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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342000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
281000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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25932000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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2555000 USD
CY2018Q4 us-gaap Restricted Cash
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435000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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17200000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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11904000 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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10076000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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4.00
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.33
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
17100000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8162000 shares
CY2019Q2 us-gaap Restricted Cash
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436000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1965000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2208000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
5.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.70
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.17
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6.83
CY2019Q2 us-gaap Revenues
Revenues
67956000 USD
us-gaap Revenues
Revenues
134216000 USD
CY2018Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
5687000 USD
CY2019Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
4445000 USD
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
23097000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
43304000 USD
CY2019Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
26345000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
49721000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
878000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2567000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2758000 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4592000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
313000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
355000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
525000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
500000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.80
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.50
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y0M29D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y2M14D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1685000 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-210301000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
-205811000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
-229896000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-265586000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-256652000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
-256203000 USD
CY2018Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
2808000 USD
CY2019Q1 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
CY2018Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
180000 shares
CY2019Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
180000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65535000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69202000 shares
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
CY2019Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1449000 USD
CY2018Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
141000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
0 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
0 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
14989000 shares
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
113998000 USD
CY2019Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
126012000 USD
CY2018Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
140846000 USD
CY2019Q2 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
152967000 USD
CY2019Q1 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
6500000 USD
CY2019Q2 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
3500000 USD
CY2019Q2 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
10.00
CY2018Q3 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
14681000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59800000 shares
CY2019Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
153000 shares
CY2018Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
141000 shares
CY2019Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
153000 shares
CY2019Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
152967 shares
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
655000 USD
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59534000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59534000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65535000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65080000 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
7169000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in its consolidated financial statements and accompanying notes. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes are reasonable under the circumstances, to determine the carrying values of assets and liabilities that are not readily apparent from other sources. The Company&#8217;s significant accounting estimates include, but are not necessarily limited to, accounts receivable, valuation assumptions for stock options, deferred income taxes and the related valuation allowances, and the evaluation and measurement of contingencies. To the extent there are material differences between the Company&#8217;s estimates and the actual results, the Company&#8217;s future consolidated results of operation may be affected.</font></div></div>

Files In Submission

Name View Source Status
0001635282-19-000061-index-headers.html Edgar Link pending
0001635282-19-000061-index.html Edgar Link pending
0001635282-19-000061.txt Edgar Link pending
0001635282-19-000061-xbrl.zip Edgar Link pending
exhibit311q22019.htm Edgar Link pending
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report.css Edgar Link pending
rmni-20190630.xml Edgar Link completed
rmni-20190630.xsd Edgar Link pending
rmni-20190630_cal.xml Edgar Link unprocessable
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rmni-20190630_lab.xml Edgar Link unprocessable
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