2020 Q1 Form 10-K Financial Statement

#000145983920000031 Filed on March 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q4
Revenue $16.82M $67.30M $15.62M
YoY Change 12.21% 21.53% 13.44%
Cost Of Revenue $1.932M $6.790M $1.380M
YoY Change 26.61% 40.49% 13.11%
Gross Profit $14.89M $60.51M $14.24M
YoY Change 10.58% 19.71% 13.47%
Gross Profit Margin 88.51% 89.91% 91.17%
Selling, General & Admin $24.68M $89.24M $17.05M
YoY Change 19.92% 56.18% 32.07%
% of Gross Profit 165.77% 147.47% 119.73%
Research & Development $2.090M $7.279M $1.500M
YoY Change 24.18% 35.4% 17.19%
% of Gross Profit 14.04% 12.03% 10.53%
Depreciation & Amortization $249.0K $774.0K $180.0K
YoY Change 29.02% 7.2% -5.26%
% of Gross Profit 1.67% 1.28% 1.26%
Operating Expenses $26.77M $96.51M $18.55M
YoY Change 20.24% 54.39% 30.73%
Operating Profit -$11.88M -$36.00M -$4.310M
YoY Change 35.04% 200.9% 162.8%
Interest Expense $1.231M $4.949M -$710.0K
YoY Change 0.08% -3.11% -77.95%
% of Operating Profit
Other Income/Expense, Net -$157.0K -$2.000K -$290.0K
YoY Change 161.67% -99.83% 625.0%
Pretax Income -$12.77M -$37.71M -$5.310M
YoY Change 36.58% 123.99% 8.15%
Income Tax
% Of Pretax Income
Net Earnings -$12.77M -$38.40M -$5.310M
YoY Change 36.67% 120.04% 8.15%
Net Earnings / Revenue -75.93% -57.06% -33.99%
Basic Earnings Per Share
Diluted Earnings Per Share -$468.6K -$1.554M -$257.9K
COMMON SHARES
Basic Shares Outstanding 28.38M shares 24.34M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.9M $91.80M $122.2M
YoY Change 25.71% -24.88%
Cash & Equivalents $67.57M $10.40M $25.12M
Short-Term Investments $77.37M $81.30M $97.10M
Other Short-Term Assets $1.900M $2.500M $2.000M
YoY Change -13.64% 25.0%
Inventory $5.726M $5.500M $3.343M
Prepaid Expenses
Receivables $9.361M $11.70M $8.486M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $162.0M $111.5M $136.0M
YoY Change 25.17% -18.01% 304.54%
LONG-TERM ASSETS
Property, Plant & Equipment $4.269M $4.000M $2.154M
YoY Change 82.75% 81.82% 13.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.300M $1.300M
YoY Change
Other Assets $312.0K $300.0K $325.0K
YoY Change -2.8% 0.0% 5.18%
Total Long-Term Assets $5.855M $5.500M $2.479M
YoY Change 120.36% 120.0% 12.43%
TOTAL ASSETS
Total Short-Term Assets $162.0M $111.5M $136.0M
Total Long-Term Assets $5.855M $5.500M $2.479M
Total Assets $167.8M $117.0M $138.5M
YoY Change 27.08% -15.52% 286.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.577M $2.800M $2.146M
YoY Change -8.32% 33.33% 18.3%
Accrued Expenses $9.284M $7.700M $6.860M
YoY Change 30.82% 28.33% 19.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.731M $4.400M $0.00
YoY Change
Total Short-Term Liabilities $20.59M $18.80M $9.006M
YoY Change 107.83% 108.89% 19.47%
LONG-TERM LIABILITIES
Long-Term Debt $30.56M $34.90M $38.96M
YoY Change -21.7% -10.51% 0.67%
Other Long-Term Liabilities $400.0K $400.0K $360.0K
YoY Change 10.19% 0.0%
Total Long-Term Liabilities $30.96M $35.30M $39.32M
YoY Change -21.41% -10.41% 1.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.59M $18.80M $9.006M
Total Long-Term Liabilities $30.96M $35.30M $39.32M
Total Liabilities $51.55M $54.00M $48.33M
YoY Change 4.56% 11.8% 3.57%
SHAREHOLDERS EQUITY
Retained Earnings -$208.4M -$157.2M
YoY Change 25.12% 12.49%
Common Stock $3.000K $3.000K
YoY Change 0.0% 200.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $116.3M $63.00M $90.19M
YoY Change
Total Liabilities & Shareholders Equity $167.8M $117.0M $138.5M
YoY Change 27.08% -15.52% 286.56%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$12.77M -$38.40M -$5.310M
YoY Change 36.67% 120.04% 8.15%
Depreciation, Depletion And Amortization $249.0K $774.0K $180.0K
YoY Change 29.02% 7.2% -5.26%
Cash From Operating Activities -$9.355M -$31.63M -$6.320M
YoY Change 32.17% 117.83% 56.44%
INVESTING ACTIVITIES
Capital Expenditures $884.0K $2.445M -$160.0K
YoY Change 114.56% 159.55% 45.45%
Acquisitions
YoY Change
Other Investing Activities $4.220M $15.94M -$96.88M
YoY Change -182.1% -116.45%
Cash From Investing Activities $3.339M $13.49M -$97.05M
YoY Change -160.13% -113.79% 88127.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $62.98M $38.00K
YoY Change -47.95%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $63.15M $3.488M 114.5M
YoY Change 50421.6% -96.97% 1239.42%
NET CHANGE
Cash From Operating Activities -$9.355M -$31.63M -6.320M
Cash From Investing Activities $3.339M $13.49M -97.05M
Cash From Financing Activities $63.15M $3.488M 114.5M
Net Change In Cash $57.13M -$14.69M 11.15M
YoY Change -554.92% -641.48% 153.41%
FREE CASH FLOW
Cash From Operating Activities -$9.355M -$31.63M -$6.320M
Capital Expenditures $884.0K $2.445M -$160.0K
Free Cash Flow -$10.24M -$34.07M -$6.160M
YoY Change 36.7% 120.37% 56.74%

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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1512000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2059000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
4222000 USD
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-2.20
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-1.55
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-94000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-37000 USD
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
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2255000 USD
CY2019Q4 us-gaap Deferred Tax Assets In Process Research And Development
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2428000 USD
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0 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
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0 USD
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35067000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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35835000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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40412000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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50304000 USD
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700000 USD
CY2019 us-gaap Depreciation
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800000 USD
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722000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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774000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
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-0.262
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.258
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-0.008
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.053
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.041
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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-0.007
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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-0.007
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5425000 USD
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7274000 USD
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5500000 USD
CY2018 us-gaap Fair Value Adjustment Of Warrants
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826000 USD
CY2019 us-gaap Fair Value Adjustment Of Warrants
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0 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-52000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-171000 USD
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12639000 USD
CY2019 us-gaap General And Administrative Expense
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20984000 USD
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50547000 USD
CY2019 us-gaap Gross Profit
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60511000 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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251000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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383000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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1028000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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3236000 USD
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138521000 USD
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-37709000 USD
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-618000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-694000 USD
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-17453000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-38403000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
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1260000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
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4994000 USD
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759000 USD
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2105000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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752000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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515000 USD
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5108000 USD
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4949000 USD
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5500000 USD
CY2019 us-gaap Interest Paid Net
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4949000 USD
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3343000 USD
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5452000 USD
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2551000 USD
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48329000 USD
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54001000 USD
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117009000 USD
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9006000 USD
CY2019Q4 us-gaap Liabilities Current
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18774000 USD
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0 USD
CY2019Q4 us-gaap Litigation Reserve Current
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3200000 USD
CY2018Q4 us-gaap Long Term Debt
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38963000 USD
CY2019Q4 us-gaap Long Term Debt
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39223000 USD
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0 USD
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4358000 USD
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4444000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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17778000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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17778000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
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38963000 USD
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34865000 USD
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3488000 USD
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315000 USD
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10000 USD
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44000 USD
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27000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-19000 USD
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360000 USD
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5128000 USD
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1 segment
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1 segment
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62512000 USD
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1102000 USD
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869000 USD
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860000 USD
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929000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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1003000 USD
CY2019Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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365000 USD
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1200000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
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1200000 USD
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133000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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272000 USD
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325000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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362000 USD
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CY2019 us-gaap Other Nonoperating Income Expense
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-2000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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73000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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38000 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
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1897000 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
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167000 USD
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96883000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
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143864000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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942000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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2445000 USD
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0.0001
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0.0001
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5000000 shares
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PreferredStockSharesAuthorized
5000000 shares
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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0 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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36540000 USD
CY2019Q4 us-gaap Preferred Stock Value
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0 USD
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1990000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
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2510000 USD
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115506000 USD
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
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0 USD
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0 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
159800000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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1614000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1490000 USD
CY2018 us-gaap Proceeds From Stock Plans
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0 USD
CY2019 us-gaap Proceeds From Stock Plans
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2203000 USD
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5518000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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7749000 USD
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2154000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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3954000 USD
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200000 USD
CY2019Q4 us-gaap Purchase Obligation
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400000 USD
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5376000 USD
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ResearchAndDevelopmentExpense
7279000 USD
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67301000 USD
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55380000 USD
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388000 USD
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370000 USD
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44497000 USD
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68251000 USD
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2312000 USD
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7464000 USD
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3600000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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6800000 USD
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65694 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
116286 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.81
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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11.30
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100080 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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638983 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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3.98
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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9.78
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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36872000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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3001929 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2641198 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2718971 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.15
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.27
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.02
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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20.89
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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6M
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M29D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
34463000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y3M8D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y9M3D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2126781 shares
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5.32
CY2019Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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2718971 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6M
CY2019Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
8.02
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y9M29D
CY2018Q4 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
12066654 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
395117 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
444924 shares
CY2018 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
118548000 USD
CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2203000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
113603000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1136000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1490000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
90192000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
63008000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2652883 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
7.80
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.08
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.36
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.88
CY2018Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.0556
CY2019 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.0556
CY2017Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
118548000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2017Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
11871578 shares
CY2018Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
993000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1084000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1287000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
91000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
203000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4577000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9892000 USD
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7950284 shares
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24705980 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and marketable securities. The Company&#8217;s cash and marketable securities are deposited with financial institutions in the U.S. and in Europe. The majority of the Company&#8217;s cash and marketable securities are deposited with a single financial institution in the U.S. Deposits in this institution exceed the amount of insurance provided on such deposits. The Company has not experienced any net losses on its deposits of cash and marketable securities.</font></div></div>
CY2019 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Company and Nature of Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SI-BONE, Inc. (the &#8220;Company&#8221;) was incorporated in the state of Delaware on March&#160;18, 2008 and is headquartered in Santa Clara, California. The Company is a medical device company that has pioneered a proprietary minimally invasive surgical implant system to fuse the sacroiliac joint for treatment of the most common types of sacroiliac joint disorders that cause lower back pain. The Company introduced its primary product, the iFuse Implant System, or iFuse, in 2009 in the U.S., in 2010 in certain countries in the European Union, and in 2015 in certain countries in the rest of the world.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reverse Stock Split</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2018, the Company's board of directors and stockholders approved a 1-for-18 reverse stock split of the Company's common stock and redeemable convertible preferred stock, which was effected on October&#160;4, 2018. The par value of the common stock and redeemable convertible preferred stock was not adjusted as a result of the reverse split. All issued and outstanding share and per share amounts of common stock, redeemable convertible preferred stock, stock options, and warrants included in the accompanying consolidated financial statements have been adjusted to reflect this reverse stock split for all periods presented.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Initial Public Offering </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October&#160;16, 2018, the Company&#8217;s Registration Statement on Form S-1 (File No.&#160;333-227445) relating to the initial public offering ("IPO") of its common stock was declared effective by the Securities and Exchange Commission ("SEC"). Pursuant to such Registration Statement, the Company sold </font><font style="font-family:inherit;font-size:10pt;">8,280,000</font><font style="font-family:inherit;font-size:10pt;"> shares at an initial public offering price of </font><font style="font-family:inherit;font-size:10pt;">$15.00</font><font style="font-family:inherit;font-size:10pt;"> per share for net proceeds of </font><font style="font-family:inherit;font-size:10pt;">$113.4 million</font><font style="font-family:inherit;font-size:10pt;"> to the Company, net of underwriting discounts and commissions and offering costs. Upon the closing of the IPO, all of the Company's outstanding shares of redeemable convertible preferred stock were automatically converted into an aggregate of </font><font style="font-family:inherit;font-size:10pt;">12,066,654</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock and the Company's outstanding warrants to purchase </font><font style="font-family:inherit;font-size:10pt;">156,550</font><font style="font-family:inherit;font-size:10pt;"> shares of redeemable convertible preferred stock were automatically converted into warrants to purchase an aggregate of </font><font style="font-family:inherit;font-size:10pt;">160,657</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock, resulting in reclassification of the related redeemable convertible preferred stock warrant liability of </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> to additional paid-in-capital.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:33px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant accounting estimates and management judgments reflected in the consolidated financial statements include: fair value of assets and liabilities; analysis of the allowance for doubtful accounts; inventory valuation; valuation of deferred tax assets, including related valuation allowances; fair value of common stock and redeemable convertible preferred stock warrants; stock-based compensation; and useful lives of long-lived assets. Estimates are based on historical experience, where applicable and other assumptions believed to be reasonable by the management. Actual results could differ from those estimates.</font></div></div>

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