2022 Q2 Form 10-Q Financial Statement

#000155837022008125 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $3.714M $2.481M $4.008M
YoY Change 12.92% -12.83% 3.17%
Cost Of Revenue $2.890M $1.954M $4.491M
YoY Change -0.24% -15.78% 243.09%
Gross Profit $824.0K $527.0K -$483.0K
YoY Change 110.2% 0.19% -118.75%
Gross Profit Margin 22.19% 21.24% -12.05%
Selling, General & Admin $8.561M $7.883M $5.807M
YoY Change -6.69% 19.68% -29.14%
% of Gross Profit 1038.96% 1495.83%
Research & Development $9.299M $7.804M $7.655M
YoY Change 30.84% 48.51%
% of Gross Profit 1128.52% 1480.83%
Depreciation & Amortization $257.0K $263.0K $321.0K
YoY Change -13.18% -16.77% 11.46%
% of Gross Profit 31.19% 49.91%
Operating Expenses $17.86M $15.69M $13.46M
YoY Change 9.69% 32.47% 4.5%
Operating Profit -$17.04M -$15.16M -$13.95M
YoY Change 7.21% 33.97% 35.31%
Interest Expense $120.5M $4.494M $97.83M
YoY Change 2887.18% 10.74% -228.66%
% of Operating Profit
Other Income/Expense, Net -$52.00K $101.9M $553.0K
YoY Change -99.97% -142.77% -104.5%
Pretax Income $104.2M $86.72M $84.43M
YoY Change -157.81% -134.75% -183.08%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $104.2M $86.72M $84.43M
YoY Change -157.81% -134.75% -183.08%
Net Earnings / Revenue 2806.44% 3495.28% 2106.61%
Basic Earnings Per Share $0.22 $0.19
Diluted Earnings Per Share $173.3K -$0.03 $188.9K
COMMON SHARES
Basic Shares Outstanding 463.3M 455.9M 446.0M
Diluted Shares Outstanding 601.3M 605.2M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $139.2M $166.9M $181.8M
YoY Change -35.27% -6.55% 909.65%
Cash & Equivalents $45.43M $39.01M $33.46M
Short-Term Investments $93.76M $127.9M $148.3M
Other Short-Term Assets $7.499M $7.291M $5.775M
YoY Change 65.43% 63.81% 45.32%
Inventory $7.251M $7.153M $6.316M
Prepaid Expenses
Receivables $4.044M $4.029M $1.973M
Other Receivables $319.0K $338.0K $443.0K
Total Short-Term Assets $158.3M $160.6M $144.4M
YoY Change -11.68% -16.07% 377.46%
LONG-TERM ASSETS
Property, Plant & Equipment $1.263M $1.320M $1.308M
YoY Change -9.2% -9.77% -15.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.33M $25.15M $51.88M
YoY Change -78.17% 2650.9%
Other Assets $4.432M $1.055M $1.325M
YoY Change 71.52% -66.54% 1211.88%
Total Long-Term Assets $17.03M $27.52M $54.52M
YoY Change -69.53% 496.19% 861.12%
TOTAL ASSETS
Total Short-Term Assets $158.3M $160.6M $144.4M
Total Long-Term Assets $17.03M $27.52M $54.52M
Total Assets $175.3M $188.1M $198.9M
YoY Change -25.43% -4.01% 453.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.734M $2.089M $1.204M
YoY Change -42.81% 124.62% -31.67%
Accrued Expenses $14.41M $12.25M $14.26M
YoY Change 29.72% 29.68% 23.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.87M $15.27M $2.926M
YoY Change 158.09% 197.99% -8.62%
Total Short-Term Liabilities $31.47M $31.48M $18.39M
YoY Change 57.19% 100.69% 10.55%
LONG-TERM LIABILITIES
Long-Term Debt $50.65M $48.04M $59.80M
YoY Change -7.34% -9.28% 4.51%
Other Long-Term Liabilities $77.27M $337.0K $579.0K
YoY Change 7265.59% -73.44% -60.96%
Total Long-Term Liabilities $127.9M $337.0K $579.0K
YoY Change 12093.99% -73.44% -60.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.47M $31.48M $18.39M
Total Long-Term Liabilities $127.9M $337.0K $579.0K
Total Liabilities $159.4M $277.6M $384.5M
YoY Change -70.9% -27.31% 116.98%
SHAREHOLDERS EQUITY
Retained Earnings -$864.3M -$951.0M
YoY Change -3.75% 46.64%
Common Stock $463.0K $447.0K
YoY Change 8.18% 68.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.94M -$89.47M -$185.5M
YoY Change
Total Liabilities & Shareholders Equity $175.3M $188.1M $198.9M
YoY Change -25.43% -4.01% 453.84%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $104.2M $86.72M $84.43M
YoY Change -157.81% -134.75% -183.08%
Depreciation, Depletion And Amortization $257.0K $263.0K $321.0K
YoY Change -13.18% -16.77% 11.46%
Cash From Operating Activities -$14.18M -$20.16M -$11.80M
YoY Change 0.23% 23.99% 43.1%
INVESTING ACTIVITIES
Capital Expenditures -$74.00K -$137.0K -$135.0K
YoY Change 105.56% 1145.45%
Acquisitions
YoY Change
Other Investing Activities $22.52M $19.80M $6.379M
YoY Change -115.5%
Cash From Investing Activities $22.44M $19.67M $6.244M
YoY Change -115.44% -178881.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.846M 6.043M -7.191M
YoY Change -103.65% -96.58% -11888.52%
NET CHANGE
Cash From Operating Activities -14.18M -20.16M -11.80M
Cash From Investing Activities 22.44M 19.67M 6.244M
Cash From Financing Activities -1.846M 6.043M -7.191M
Net Change In Cash 6.414M 5.550M -12.75M
YoY Change -105.89% -96.54% 55.73%
FREE CASH FLOW
Cash From Operating Activities -$14.18M -$20.16M -$11.80M
Capital Expenditures -$74.00K -$137.0K -$135.0K
Free Cash Flow -$14.11M -$20.02M -$11.67M
YoY Change -0.04% 23.24% 41.46%

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CY2021Q1 sens Increase Decrease In Deposit Assets And Other Assets
IncreaseDecreaseInDepositAssetsAndOtherAssets
30000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
886000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-833000
CY2022Q1 sens Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
-2031000
CY2021Q1 sens Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
-3411000
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-62000
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1155000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20159000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16258000
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
137000
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11000
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
19803000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
19666000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11000
CY2022Q1 sens Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
8004000
CY2021Q1 sens Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
152087000
CY2022Q1 sens Proceeds From Exercise Of Stock Options Stock Warrants And Espp Purchases
ProceedsFromExerciseOfStockOptionsStockWarrantsAndEsppPurchases
233000
CY2021Q1 sens Proceeds From Exercise Of Stock Options Stock Warrants And Espp Purchases
ProceedsFromExerciseOfStockOptionsStockWarrantsAndEsppPurchases
1804000
CY2021Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
22783000
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2194000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6043000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
176674000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5550000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
160405000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33461000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18205000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39011000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178610000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
1762000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
1927000
CY2021Q1 sens Common Stock Issued Converted From Preferred Shares
CommonStockIssuedConvertedFromPreferredShares
54166000
CY2021Q1 sens Common Stock Issued1
CommonStockIssued1
4925000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-302500000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-175200000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-115500000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-864300000
CY2022Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
166900000
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenue and expenses during the reporting period. In the accompanying unaudited consolidated financial statements, estimates are used for, but not limited to, stock-based compensation, recoverability of long-lived assets, deferred taxes and valuation allowances, derivative assets and liabilities, obsolete inventory, warranty obligations, variable consideration related to revenue, depreciable lives of property and equipment, and accruals for clinical study costs, which are accrued based on estimates of work performed under contract. The Company considered COVID-19 related impacts to its estimates, as appropriate, within its unaudited condensed consolidated financial statements and there may be changes to those estimates in future periods due to the uncertainties surrounding the severity and duration of the COVID-19 pandemic. Actual results could differ from those estimates.</p>
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-600000
CY2022Q1 us-gaap Cash
Cash
1338000
CY2021Q4 us-gaap Cash
Cash
4264000
CY2022Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
37673000
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
29197000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39011000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33461000
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022Q1 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:14pt 0pt 0pt 0pt;"><span style="font-style:italic;font-weight:bold;">Warranty Obligation</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-indent:36pt;margin:14pt 0pt 0pt 0pt;"><span style="font-size:10pt;">The Company provides a warranty of </span><span style="font-size:10pt;">one year</span><span style="font-size:10pt;"> on its smart transmitters. Additionally, the Company may also replace Eversense system components that do not function in accordance with the product specifications. Estimated replacement costs are recorded at the time of shipment as a charge to cost of sales in the consolidated statement of operations and are developed by analyzing product performance data and historical replacement experience, including comparing actual replacements to revenue.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-indent:36pt;margin:14pt 0pt 0pt 0pt;"><span style="font-size:10pt;">At March 31, 2022, and December 31, 2021, the warranty reserve was </span><span style="font-size:10pt;">$0.8</span><span style="font-size:10pt;"> million and </span><span style="font-size:10pt;">$0.7</span><span style="font-size:10pt;"> million, respectively. </span><span style="font-size:10pt;">The following table provides a reconciliation of the change in estimated warranty liabilities for the three months ended March 31, 2022 and for the twelve months ended December 31, 2021 (in thousands):</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:52.18%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:21.82%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:14.76%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:middle;white-space:nowrap;width:52.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:23.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0.05pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">March 31, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-weight:bold;margin-bottom:0pt;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:16.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0.05pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">December 31,</b></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:52.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-style:italic;margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">    </p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:23.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0.05pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">    </p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:16.84%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0.05pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">2021</b></p></td></tr><tr><td style="vertical-align:bottom;width:52.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">Balance at beginning of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.82%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;"> 723</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.76%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;"> 646</p></td></tr><tr><td style="vertical-align:bottom;width:52.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">Provision for warranties during the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;"> 58</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.76%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;"> 781</p></td></tr><tr><td style="vertical-align:bottom;width:52.18%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">Settlements made during the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.82%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 0pt 0.05pt 0pt;"> (3)</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.76%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 0pt 0.05pt 0pt;"> (704)</p></td></tr><tr><td style="vertical-align:bottom;width:52.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">Balance at end of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:21.82%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;"> 778</p></td><td style="vertical-align:middle;white-space:nowrap;width:3.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.76%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;"> 723</p></td></tr></table>
CY2022Q1 sens Product Warranty Term
ProductWarrantyTerm
P1Y
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
800000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
700000
CY2021Q4 sens Unbilled Accounts Receivable
UnbilledAccountsReceivable
1800000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
86718000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-249514000
CY2022Q1 us-gaap Dilutive Securities
DilutiveSecurities
-104575000
CY2022Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-17857000
CY2021Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-249514000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
723000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
646000
CY2022Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
58000
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
781000
CY2022Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3000
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
704000
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
778000
CY2021Q4 us-gaap Standard Product Warranty Accrual
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CY2022Q1 sens Number Of Geographical Markets
NumberOfGeographicalMarkets
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CY2022Q1 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
0
CY2021Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
0
CY2022Q1 sens Unbilled Accounts Receivable
UnbilledAccountsReceivable
700000
CY2022Q1 us-gaap Earnings Per Share Basic
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0.19
CY2021Q1 us-gaap Earnings Per Share Basic
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CY2021Q1 us-gaap Earnings Per Share Diluted
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q1 us-gaap Available For Sale Securities Debt Securities Current
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CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
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CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
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CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2022Q1 sens Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Two
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo
2445000
CY2022Q1 sens Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year Two
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearTwo
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CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2022Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2022Q1 us-gaap Inventory Net
InventoryNet
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CY2021Q4 us-gaap Inventory Net
InventoryNet
6316000
CY2022Q1 sens Prepaid Contract Manufacturing Current
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5016000
CY2021Q4 sens Prepaid Contract Manufacturing Current
PrepaidContractManufacturingCurrent
5036000
CY2022Q1 us-gaap Prepaid Insurance
PrepaidInsurance
1404000
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
74000
CY2022Q1 sens Prepaid Clinical And Preclinical Costs
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467000
CY2021Q4 sens Prepaid Clinical And Preclinical Costs
PrepaidClinicalAndPreclinicalCosts
142000
CY2022Q1 us-gaap Interest Receivable Current
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338000
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
443000
CY2022Q1 sens Prepaid Information Technology And Software Costs Current
PrepaidInformationTechnologyAndSoftwareCostsCurrent
180000
CY2021Q4 sens Prepaid Information Technology And Software Costs Current
PrepaidInformationTechnologyAndSoftwareCostsCurrent
225000
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
119000
CY2021Q4 us-gaap Other Prepaid Expense Current
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193000
CY2022Q1 us-gaap Prepaid Rent
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CY2021Q4 us-gaap Prepaid Rent
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CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q1 us-gaap Interest Expense Debt Excluding Amortization
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CY2021Q1 us-gaap Amortization Of Debt Discount Premium
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2217000
CY2021Q1 us-gaap Amortization Of Financing Costs
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67000
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
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1781000
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2145000
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2083000
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CY2022Q1 us-gaap Accrued Marketing Costs Current
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CY2022Q1 us-gaap Product Warranty Accrual Classified Current
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1753000
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1697000
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1011000
CY2022Q1 us-gaap Operating Lease Liability Current
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981000
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OperatingLeaseLiabilityCurrent
904000
CY2022Q1 sens Accrued Contract Manufacturing Costs Current
AccruedContractManufacturingCostsCurrent
727000
CY2021Q4 sens Accrued Contract Manufacturing Costs Current
AccruedContractManufacturingCostsCurrent
914000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
163000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3000
CY2022Q1 sens Accrued Liabilities And Other Liabilities Including Related Party Current
AccruedLiabilitiesAndOtherLiabilitiesIncludingRelatedPartyCurrent
12416000
CY2021Q4 sens Accrued Liabilities And Other Liabilities Including Related Party Current
AccruedLiabilitiesAndOtherLiabilitiesIncludingRelatedPartyCurrent
14264000
CY2022Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1700000
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2683000
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
87000
CY2022Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
4470000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
7238000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
732000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
15700000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
35000000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
51199000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
102631000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0

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