2020 Q2 Form 10-Q Financial Statement

#000139770220000022 Filed on May 15, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q1
Revenue $15.09M $18.93M $12.77M
YoY Change 1.11% 48.31% 123.73%
Cost Of Revenue $5.336M $5.250M $3.339M
YoY Change 44.33% 57.23% 72.65%
Gross Profit $9.758M $13.68M $9.427M
YoY Change -13.12% 45.15% 149.92%
Gross Profit Margin 64.65% 72.27% 73.84%
Selling, General & Admin $15.76M $19.69M $13.87M
YoY Change 11.48% 42.02% 119.43%
% of Gross Profit 161.49% 143.92% 147.09%
Research & Development $3.393M $3.131M $2.707M
YoY Change 8.99% 15.66% 28.9%
% of Gross Profit 34.77% 22.88% 28.72%
Depreciation & Amortization $190.0K $184.0K $174.0K
YoY Change 5.56% 5.75% 205.26%
% of Gross Profit 1.95% 1.34% 1.85%
Operating Expenses $19.15M $22.82M $16.57M
YoY Change 11.03% 37.71% 96.85%
Operating Profit -$9.393M -$9.140M -$7.146M
YoY Change 56.11% 27.9% 53.78%
Interest Expense $1.203M $1.202M $1.352M
YoY Change -0.33% -11.09% 36.7%
% of Operating Profit
Other Income/Expense, Net -$56.00K -$3.000K -$15.71M
YoY Change -98.95% -99.98% -7407.91%
Pretax Income -$10.35M -$9.940M -$24.16M
YoY Change -13.46% -58.86% 346.58%
Income Tax
% Of Pretax Income
Net Earnings -$10.35M -$9.941M -$24.16M
YoY Change -13.43% -58.85% 346.71%
Net Earnings / Revenue -68.59% -52.51% -189.24%
Basic Earnings Per Share
Diluted Earnings Per Share -$316.7K -$317.2K -$799.2K
COMMON SHARES
Basic Shares Outstanding 31.47M shares 31.35M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.9M $97.60M $15.50M
YoY Change 33.59% 529.68%
Cash & Equivalents $73.44M $27.55M $15.51M
Short-Term Investments $84.40M $70.10M
Other Short-Term Assets $3.900M $1.900M $1.400M
YoY Change 21.88% 35.71%
Inventory $11.62M $12.10M $8.056M
Prepaid Expenses
Receivables $7.753M $8.670M $4.096M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $181.1M $120.3M $29.05M
YoY Change 33.28% 314.03%
LONG-TERM ASSETS
Property, Plant & Equipment $2.885M $2.707M $2.846M
YoY Change 5.18% -4.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $3.233M $3.444M $3.982M
YoY Change -13.16% -13.51%
Total Long-Term Assets $6.428M $6.461M $9.616M
YoY Change -5.14% -32.81%
TOTAL ASSETS
Total Short-Term Assets $181.1M $120.3M $29.05M
Total Long-Term Assets $6.428M $6.461M $9.616M
Total Assets $187.5M $126.7M $38.67M
YoY Change 31.45% 227.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.542M $3.194M $3.134M
YoY Change 113.79% 1.91%
Accrued Expenses $9.142M $11.13M $721.0K
YoY Change 10.16% 1443.0%
Deferred Revenue $335.0K $174.0K
YoY Change 30.35%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.68M $14.32M $10.79M
YoY Change 23.15% 32.68%
LONG-TERM LIABILITIES
Long-Term Debt $45.07M $44.97M $44.60M
YoY Change 0.84% 0.84%
Other Long-Term Liabilities $3.693M $3.497M $4.469M
YoY Change -9.86% -21.75%
Total Long-Term Liabilities $48.76M $48.47M $49.07M
YoY Change -0.06% -1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.68M $14.32M $10.79M
Total Long-Term Liabilities $48.76M $48.47M $49.07M
Total Liabilities $60.44M $62.79M $91.48M
YoY Change 3.72% -31.36%
SHAREHOLDERS EQUITY
Retained Earnings -$211.8M -$201.5M -$163.3M
YoY Change 20.88% 23.4%
Common Stock $34.00K $31.00K $1.000K
YoY Change 9.68% 3000.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $127.1M $63.96M -$158.1M
YoY Change
Total Liabilities & Shareholders Equity $187.5M $126.7M $38.67M
YoY Change 31.45% 227.78%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$10.35M -$9.941M -$24.16M
YoY Change -13.43% -58.85% 346.71%
Depreciation, Depletion And Amortization $190.0K $184.0K $174.0K
YoY Change 5.56% 5.75% 205.26%
Cash From Operating Activities -$11.58M -$11.80M -$8.620M
YoY Change 23.45% 36.83% 85.38%
INVESTING ACTIVITIES
Capital Expenditures -$350.0K $134.0K $117.0K
YoY Change 288.89% 14.53% -74.29%
Acquisitions
YoY Change
Other Investing Activities -$14.46M $30.00K
YoY Change
Cash From Investing Activities -$14.80M -$108.0K -$117.0K
YoY Change 16344.44% -7.69% -74.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $274.0K $375.0K
YoY Change -26.93% 32.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 72.27M 274.0K -$744.0K
YoY Change -35.59% -136.83% -361.97%
NET CHANGE
Cash From Operating Activities -11.58M -11.80M -$8.620M
Cash From Investing Activities -14.80M -108.0K -$117.0K
Cash From Financing Activities 72.27M 274.0K -$744.0K
Net Change In Cash 45.89M -11.63M -$9.481M
YoY Change -55.33% 22.66% 96.66%
FREE CASH FLOW
Cash From Operating Activities -$11.58M -$11.80M -$8.620M
Capital Expenditures -$350.0K $134.0K $117.0K
Free Cash Flow -$11.23M -$11.93M -$8.737M
YoY Change 20.88% 36.53% 71.15%

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CY2019Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1149000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
274000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
375000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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274000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-744000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-11629000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-9481000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39491000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25300000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27862000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15819000 USD
CY2020Q1 us-gaap Interest Paid Net
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1108000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
870000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22000 USD
CY2020Q1 silk Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
0 USD
CY2019Q1 silk Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
1204000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3982000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',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 amounts and disclosures reported in the financial statements. Management uses judgment when making estimates related to provisions for accounts receivable and excess and obsolete inventories, the valuation of deferred tax assets, the reserves for sales returns, stock-based compensation, and for periods prior to the Company's IPO, the valuation of common stock and redeemable convertible preferred stock warrants. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions.</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Due to the Coronavirus (“COVID-19”) pandemic, there has been uncertainty and disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of March 31, 2020. The Company has also considered information available to it as of the date of issuance of these financial statements and is not aware of any specific events or circumstances that would require an update to its estimates or judgments, or a revision to the carrying value of its assets or liabilities. These estimates may change as new events occur and additional information becomes available. Actual results could differ materially from these estimates.</span></div>
CY2019Q4 us-gaap Restricted Cash Noncurrent
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310000 USD
CY2020Q1 us-gaap Restricted Cash Noncurrent
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310000 USD
CY2020Q1 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Concentration of Credit Risk, and Other Risks and Uncertainties</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">The Company is subject to risks related to the public health crises such as the global pandemic associated with COVID-19, which has spread to most countries and all 50 states within the United States. The COVID-19 outbreak has negatively impacted, and may continue to negatively impact the Company’s operations, its revenue and overall financial condition by significantly decreasing the number of TCAR procedures performed. The number of TCAR procedures performed, similar to other elective surgical procedures, has significantly decreased as health care organizations globally have prioritized the treatment of patients with COVID-19. For example, in the United States, governmental authorities have recommended, and in certain cases required, that elective, specialty and other procedures and appointments, be suspended or canceled to avoid non-essential patient exposure to medical environments and potential infection with COVID-19 and to focus limited resources and personnel </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">capacity toward the treatment of COVID-19. These measures and challenges will likely continue for the duration of the pandemic, which is uncertain, and will significantly impact the Company’s revenue while the pandemic continues.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents, investments and accounts receivable to the extent of the amounts recorded on the balance sheet. Cash, cash equivalents, and investments are deposited in financial institutions which, at times, may be in excess of federally insured limits. Cash equivalents are invested in highly rated money market funds and United States treasury bills. The Company invests in a variety of financial instruments, such as, but not limited to, commercial paper, corporate bonds/notes, United States Government securities, asset-backed securities and, by policy, limits the amount of credit exposure with any one financial institution or commercial issuer. The Company has not experienced any material losses on its deposits of cash and cash equivalents or investments during the three months ended March 31, 2020 and 2019.</span></div><div><span><br/></span></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company’s accounts receivable are due from a variety of health care organizations in the United States. At March 31, 2020 and December 31, 2019, no customer represented 10% or more of the Company’s accounts receivable. For the three months ended March 31, 2020 and 2019, there were no customers that represented 10% or more of revenue. </span></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company provides for uncollectible amounts when specific credit problems are identified. In doing so, the Company analyzes historical bad debt trends, customer credit worthiness, current economic trends and changes in customer payment patterns when evaluating the adequacy of the allowance for doubtful accounts.</span></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company manufactures certain of its commercial products in-house. Certain of the Company’s product components and sub-assemblies continue to be manufactured by sole suppliers, the most significant of which is the ENROUTE stent. Disruption in component or sub-assembly supply from these manufacturers or from in-house production would have a negative impact on the Company’s financial position and results of operations.</span></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company is subject to certain risks, including that its devices may not be approved or cleared for marketing by governmental authorities or be successfully marketed. There can be no assurance that the Company’s products will achieve widespread adoption in the marketplace, nor can there be any assurance that existing devices or any future devices can be developed or manufactured at an acceptable cost and with appropriate performance characteristics. The Company is also subject to risks common to companies in the medical device industry, including, but not limited to, new technological innovations, dependence upon third-party payers to provide adequate coverage and reimbursement, dependence on key personnel and suppliers, protection of proprietary technology, product liability claims, and compliance with government regulations.</span></div><div style="margin-bottom:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Existing or future devices developed by the Company may require approvals or clearances from the FDA or international regulatory agencies. In addition, in order to continue the Company’s operations, compliance with various federal and state laws is required. If the Company were denied or delayed in receiving such approvals or clearances, it may be necessary to adjust operations to align with the Company’s currently approved portfolio. If clearance for the products in the current portfolio were withdrawn by the FDA, this would have a material adverse impact on the Company.</span></div>
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144140000 USD
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CY2019Q4 us-gaap Unbilled Receivables Current
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CY2019Q1 us-gaap Net Income Loss
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CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q1 us-gaap Number Of Reportable Segments
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CY2020Q1 us-gaap Number Of Operating Segments
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477000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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35000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
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CY2020Q1 us-gaap Available For Sale Securities Debt Securities
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CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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CY2019Q4 us-gaap Available For Sale Securities Debt Securities
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CY2020Q1 silk Cash And Cash Equivalents Fair Value Disclosure Maturing Within One Year
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CY2019Q4 silk Cash And Cash Equivalents Fair Value Disclosure Maturing Within One Year
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85871000 USD
CY2020Q1 silk Cash And Cash Equivalents Fair Value Disclosure Maturing After One Year Through Two Years
CashAndCashEquivalentsFairValueDisclosureMaturingAfterOneYearThroughTwoYears
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CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2020Q1 us-gaap Debt Securities Available For Sale Term
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P198D
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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15257000 USD
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35000 USD
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29195000 USD
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CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2020Q1 us-gaap Inventory Net
InventoryNet
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CY2019Q4 us-gaap Inventory Net
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CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
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0 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2019Q4 us-gaap Accrued Salaries Current
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9151000 USD
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CY2019Q4 silk Provisions For Sales Returns
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470000 USD
CY2020Q1 us-gaap Contract With Customer Liability Current
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174000 USD
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304000 USD
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276000 USD
CY2019Q4 silk Accrued Travel Expenses Current
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431000 USD
CY2020Q1 silk Accrued Clinical Expenses Current
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181000 USD
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15034000 USD
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15000000 USD
CY2019 silk Debt Instrument Covenant Minimum Net Revenue Amount
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CY2020Q1 silk Debt Instrument Liquidity Covenant Term
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3347000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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4442000 USD
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48255000 USD
CY2020Q1 silk Long Term Debt Gross Before Accretion Of Closing Fees
LongTermDebtGrossBeforeAccretionOfClosingFees
56044000 USD
CY2020Q1 silk Long Term Debt Accretion Of Closing Fees
LongTermDebtAccretionOfClosingFees
1287000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
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57331000 USD
CY2020Q1 silk Long Term Debt Unpaid Interest
LongTermDebtUnpaidInterest
12231000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
128000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
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CY2020Q1 us-gaap Lessee Operating Lease Renewal Term
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CY2019Q1 us-gaap Operating Lease Cost
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CY2020Q1 us-gaap Operating Lease Payments
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184000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
193000000 USD
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CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y6M29D
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
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CY2020Q1 us-gaap Operating Lease Liability Current
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788000 USD
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3497000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4285000 USD
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781000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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1066000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1096000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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1127000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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904000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
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4974000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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689000 USD
CY2020Q1 us-gaap Operating Lease Liability
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4285000 USD
CY2020Q1 us-gaap Purchase Obligation
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6010000 USD
CY2020Q1 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2020Q1 us-gaap Preferred Stock Shares Issued
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CY2020Q1 us-gaap Preferred Stock Shares Outstanding
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683600 shares
CY2020Q1 us-gaap Common Stock Shares Authorized
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100000000 shares
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q1 us-gaap Common Stock Shares Outstanding
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31395637 shares
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
31395637 shares
CY2020Q1 us-gaap Dividends Common Stock
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0 USD
CY2020Q1 silk Common Stock Vote Per Share
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1 vote
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1554690 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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4310790 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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7.91
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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140234000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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1250210 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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683600 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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33.14
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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140370 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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1.96
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
11379 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
11379 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
9.87
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2132679 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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4842641 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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11.64
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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98677000 USD
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2573393 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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4.81
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M6D
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
68839000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4842641 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
11.64
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y6M3D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
98677000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5642000 USD
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.430
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.454
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.427
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0049
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0141
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0254
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1293000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
262000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
17274000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y5M1D
CY2020Q1 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.90
CY2020Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2020Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
CY2020Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
293000000 USD

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