2021 Q4 Form 10-K Financial Statement

#000145983922000016 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $25.23M $90.15M $22.14M
YoY Change 13.96% 22.84% 11.76%
Cost Of Revenue $3.375M $10.43M $2.280M
YoY Change 48.03% 17.14% 11.22%
Gross Profit $21.86M $79.72M $19.87M
YoY Change 9.99% 23.63% 11.82%
Gross Profit Margin 86.62% 88.43% 89.75%
Selling, General & Admin $32.74M $119.0M $25.31M
YoY Change 29.34% 27.1% 3.43%
% of Gross Profit 149.79% 149.21% 127.38%
Research & Development $3.049M $12.44M $2.430M
YoY Change 25.47% 31.53% 36.52%
% of Gross Profit 13.95% 15.61% 12.23%
Depreciation & Amortization $650.0K $2.086M $340.0K
YoY Change 91.18% 84.6% 70.0%
% of Gross Profit 2.97% 2.62% 1.71%
Operating Expenses $35.79M $131.4M $27.74M
YoY Change 29.01% 27.5% 5.68%
Operating Profit -$13.93M -$51.67M -$7.870M
YoY Change 77.01% 33.97% -7.19%
Interest Expense -$533.0K $5.365M -$1.010M
YoY Change -47.23% -12.06% 36.49%
% of Operating Profit
Other Income/Expense, Net -$13.00K $277.0K -$100.0K
YoY Change -87.0% -319.84% -176.92%
Pretax Income -$14.48M -$57.04M -$8.980M
YoY Change 61.21% 36.75% -1.32%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$14.48M -$56.57M -$8.980M
YoY Change 61.21% 29.46% -1.32%
Net Earnings / Revenue -57.38% -62.75% -40.56%
Basic Earnings Per Share -$1.71
Diluted Earnings Per Share -$431.3K -$1.71 -$282.7K
COMMON SHARES
Basic Shares Outstanding 33.49M shares 33.15M shares 32.36M shares
Diluted Shares Outstanding 33.15M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.0M $147.0M $196.4M
YoY Change -25.18% -25.16% 114.02%
Cash & Equivalents $63.42M $63.42M $53.58M
Short-Term Investments $83.56M $83.56M $142.9M
Other Short-Term Assets $3.143M $3.143M $2.600M
YoY Change 20.88% 20.88% 4.0%
Inventory $11.50M $11.50M $5.633M
Prepaid Expenses
Receivables $14.25M $14.25M $13.61M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $175.9M $175.9M $218.2M
YoY Change -19.42% -19.4% 95.8%
LONG-TERM ASSETS
Property, Plant & Equipment $8.992M $14.24M $4.527M
YoY Change 98.63% 216.44% 14.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $400.0K $400.0K $374.0K
YoY Change 6.95% 0.0% 18.73%
Total Long-Term Assets $14.64M $14.64M $4.901M
YoY Change 198.71% 198.78% -11.65%
TOTAL ASSETS
Total Short-Term Assets $175.9M $175.9M $218.2M
Total Long-Term Assets $14.64M $14.64M $4.901M
Total Assets $190.5M $190.5M $223.1M
YoY Change -14.63% -14.61% 90.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.198M $3.198M $3.271M
YoY Change -2.23% -3.09% 16.36%
Accrued Expenses $12.35M $12.39M $10.20M
YoY Change 21.12% 27.72% -12.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $16.89M $16.89M $13.47M
YoY Change 25.39% 25.11% -28.25%
LONG-TERM LIABILITIES
Long-Term Debt $34.97M $34.97M $39.46M
YoY Change -11.36% -11.46% 13.17%
Other Long-Term Liabilities $57.00K $4.223M $854.0K
YoY Change -93.33% 369.22% 135.91%
Total Long-Term Liabilities $35.03M $39.20M $40.31M
YoY Change -13.1% -2.98% 14.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.89M $16.89M $13.47M
Total Long-Term Liabilities $35.03M $39.20M $40.31M
Total Liabilities $56.09M $56.09M $53.78M
YoY Change 4.29% 4.25% -0.41%
SHAREHOLDERS EQUITY
Retained Earnings -$295.8M -$239.3M
YoY Change 23.64% 22.34%
Common Stock $3.000K $3.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.4M $134.4M $169.4M
YoY Change
Total Liabilities & Shareholders Equity $190.5M $190.5M $223.1M
YoY Change -14.63% -14.61% 90.7%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$14.48M -$56.57M -$8.980M
YoY Change 61.21% 29.46% -1.32%
Depreciation, Depletion And Amortization $650.0K $2.086M $340.0K
YoY Change 91.18% 84.6% 70.0%
Cash From Operating Activities -$12.71M -$39.53M -$7.880M
YoY Change 61.35% 28.93% -12.83%
INVESTING ACTIVITIES
Capital Expenditures -$1.775M $6.389M -$820.0K
YoY Change 116.46% 149.47% 1.23%
Acquisitions
YoY Change
Other Investing Activities $17.15M $57.97M -$67.01M
YoY Change -125.6% -196.04% -1150.31%
Cash From Investing Activities $15.38M $51.58M -$67.82M
YoY Change -122.67% -181.98% -1317.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $41.00M
YoY Change -9.49%
Cash From Financing Activities 1.015M -$1.711M 73.04M
YoY Change -98.61% -101.25% 5743.2%
NET CHANGE
Cash From Operating Activities -12.71M -$39.53M -7.880M
Cash From Investing Activities 15.38M $51.58M -67.82M
Cash From Financing Activities 1.015M -$1.711M 73.04M
Net Change In Cash 3.679M $9.838M -2.660M
YoY Change -238.31% -77.2% 19.82%
FREE CASH FLOW
Cash From Operating Activities -$12.71M -$39.53M -$7.880M
Capital Expenditures -$1.775M $6.389M -$820.0K
Free Cash Flow -$10.94M -$45.92M -$7.060M
YoY Change 54.94% 38.22% -14.22%

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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2186000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5784000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
274000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
594000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
136000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-532000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
835000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1723000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-766000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-39533000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-30662000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6389000 USD
CY2021 sibn Proceeds From Maturity Of Marketable Securities
ProceedsFromMaturityOfMarketableSecurities
159990000 USD
CY2020 sibn Proceeds From Maturity Of Marketable Securities
ProceedsFromMaturityOfMarketableSecurities
104716000 USD
CY2021 sibn Proceeds From Sale Of Marketable Securities
ProceedsFromSaleOfMarketableSecurities
0 USD
CY2020 sibn Proceeds From Sale Of Marketable Securities
ProceedsFromSaleOfMarketableSecurities
14095000 USD
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
102021000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
179166000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2561000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
51580000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62916000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
134616000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
35000000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
45297000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
41000000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
45297000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
111000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
750000 USD
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
508000 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
843000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2565000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1463000 USD
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2343000 USD
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1915000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1711000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136401000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-498000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
323000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9838000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43146000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53581000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10435000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63419000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53581000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
3230000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
4276000 USD
CY2021 sibn Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
27000 USD
CY2020 sibn Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
71000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
509000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
26000 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
The Company and Nature of Business<div style="margin-top:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SI-BONE, Inc. (the “Company”) was incorporated in the state of Delaware on March 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 musculoskeletal disorders of the sacropelvic anatomy. The Company introduced its first generation iFuse implant 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.</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the first quarter of 2020, the Company received $63.0 million of net proceeds from its first follow-on public offering of 4,300,000 shares of the Company's common stock, of which 2,490,053 shares were offered and sold by the Company, and the exercise of underwriter's option to purchase from the Company an additional 645,000 shares of the Company's common stock, at a public offering price of $21.50 per share. The total public offering costs incurred in connection with the follow-on offering were allocated based on the gross proceeds received by the Company and the selling stockholders on a pro-rated basis. Public offering cost of $0.4 million allocated to selling of shares by the Company was charged against the gross proceeds received from the follow-on offering. Public offering costs of $0.2 million allocated to selling of shares by the selling stockholders was recognized as transaction costs within general and administrative expenses on the consolidated statements of operations in the year ended December 31, 2020.</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2020, the Company received $71.6 million of net proceeds from its second follow-on public offering of shares of the Company's common stock, of which 3,000,000 shares were offered and sold by the Company, and the exercise of underwriter's option to purchase from the Company an additional 478,507 shares of the Company's common stock, at a public offering price of $22.00 per share. In addition to the shares sold by the Company in this second follow-on offering, the selling stockholder sold 190,053 shares of the Company's common stock previously held by the selling stockholder at a price to the public of $22.00 per share. The Company did not receive any proceeds from the sale by the selling stockholder. </span></div><div style="margin-bottom:12pt;margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div style="text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company is subject to continuing risk and uncertainties as a result of the COVID-19 pandemic, and is closely monitoring the impact of the pandemic on all aspects of its business, including the impacts on its customers, patients that would benefit from procedures involving the Company's products, employees, suppliers, vendors, business partners and distribution channels. Economies worldwide continue to be negatively impacted by the COVID-19 pandemic, in particular with recurrent mutations of the virus, despite advances in vaccines, and the Company anticipates these disruptions will continue. While the Company has not experienced material disruptions to its supply chain to date, certain of its third-party suppliers have faced delays, product shortages and rising costs resulting from disruptions in the global supply chain, primarily related to the instruments. As a result, the Company is continuing to work closely with its manufacturing partners and suppliers, as well as determining alternative sourcing strategies to enable the Company to source key components and maintain appropriate inventory levels to meet customer demand. As such the Company's future results of operations and liquidity could be adversely impacted by a variety of factors related to the COVID-19 pandemic, including those discussed in the section entitled "Risk Factors" in this report. As of the date of issuance of these consolidated financial statements, the extent to which the COVID-19 pandemic may materially impact the Company's financial condition, liquidity, or results of operations remains uncertain.</span></div>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates <span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities 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</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Significant accounting estimates and management judgments reflected in the consolidated financial statements primarily includes the fair value of stock options. </span>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.
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90152000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73387000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk </span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and marketable securities. The Company’s cash and marketable securities are deposited with financial institutions in the U.S. and in Europe. The majority of the Company’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.</span></div>
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
263000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
238000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
234000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
13000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
209000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
264000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
263000 USD
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2021 sibn Standard Product Warranty Term
StandardProductWarrantyTerm
P1Y
CY2021 sibn Sales Credit Reserve Period
SalesCreditReservePeriod
P1Y
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1200000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
300000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
3800000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3500000 USD
CY2021Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
300000 USD
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
57829000 USD
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
57829000 USD
CY2021Q4 sibn Available For Sale Debt Securities Current Amortized Cost Basis
AvailableForSaleDebtSecuritiesCurrentAmortizedCostBasis
83595000 USD
CY2021Q4 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedGainBeforeTax
4000 USD
CY2021Q4 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedLossBeforeTax
39000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
83560000 USD
CY2021Q4 sibn Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
141424000 USD
CY2021Q4 sibn Marketable Securities Accumulated Gross Unrealized Gain Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4000 USD
CY2021Q4 sibn Marketable Securities Accumulated Gross Unrealized Loss Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39000 USD
CY2021Q4 sibn Marketable Securities Fair Value
MarketableSecuritiesFairValue
141389000 USD
CY2020Q4 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedLossBeforeTax
13000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
142851000 USD
CY2020Q4 sibn Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
190204000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
47348000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
47348000 USD
CY2020Q4 sibn Available For Sale Debt Securities Current Amortized Cost Basis
AvailableForSaleDebtSecuritiesCurrentAmortizedCostBasis
142856000 USD
CY2020Q4 sibn Available For Sale Debt Securities Current Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesCurrentAccumulatedGrossUnrealizedGainBeforeTax
8000 USD
CY2020Q4 sibn Marketable Securities Accumulated Gross Unrealized Gain Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8000 USD
CY2020Q4 sibn Marketable Securities Accumulated Gross Unrealized Loss Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
13000 USD
CY2020Q4 sibn Marketable Securities Fair Value
MarketableSecuritiesFairValue
190199000 USD
CY2021Q4 us-gaap Interest Receivable Current
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300000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15958000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9484000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6966000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4957000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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8992000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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4527000 USD
CY2021 us-gaap Depreciation
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2100000 USD
CY2020 us-gaap Depreciation
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1100000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
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10055000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
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9175000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
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995000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
511000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1303000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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513000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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12353000 USD
CY2021Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Renewal Term1
LesseeOperatingLeaseLeaseNotYetCommencedRenewalTerm1
P3Y
CY2020Q4 us-gaap Accrued Liabilities Current
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10199000 USD
CY2021 sibn Operating Lease Term Of Written Notice For Termination
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six months
CY2021Q3 us-gaap Area Of Real Estate Property
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19534 sqft
CY2021Q3 sibn Lessee Operating Lease Lease Not Yet Commenced Number Of Options To Extend
LesseeOperatingLeaseLeaseNotYetCommencedNumberOfOptionsToExtend
1 renewal_option
CY2021 us-gaap Operating Lease Cost
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1181000 USD
CY2021 us-gaap Variable Lease Cost
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266000 USD
CY2021 us-gaap Lease Cost
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1447000 USD
CY2021 us-gaap Operating Lease Payments
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1225000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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2896000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M23D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0575
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1620000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1544000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1491000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
990000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
531000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
10000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6186000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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681000 USD
CY2021Q4 us-gaap Operating Lease Liability
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5505000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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1081000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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1001000 USD
CY2021Q4 us-gaap Debt Instrument Fee Amount
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627000 USD
CY2020Q4 us-gaap Debt Instrument Fee Amount
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884000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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908000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
893000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
381000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
24000 USD
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
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4288000 USD
CY2020 us-gaap Operating Leases Rent Expense Net
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1200000 USD
CY2021Q4 us-gaap Purchase Obligation
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1200000 USD
CY2020Q4 us-gaap Purchase Obligation
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300000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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35700000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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41000000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
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100000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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661000 USD
CY2021Q4 us-gaap Long Term Debt
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34973000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
39455000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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34973000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
39455000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7292000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
17500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
10908000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
35700000 USD
CY2020Q4 sibn Social Security Tax Employer Deferral Cares Act
SocialSecurityTaxEmployerDeferralCARESAct
1000000 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
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100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Issued
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33674085 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33674085 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32583220 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32583220 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2718971 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.02
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
26236 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.31
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
323701 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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0 USD
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0 USD

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