2022 Q4 Form 10-Q Financial Statement

#000181939522000147 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $134.8M $124.5M $86.66M
YoY Change 55.51% 84.61% 204.24%
Cost Of Revenue $87.22M $13.28M $8.793M
YoY Change 891.97% 79.47% 228.83%
Gross Profit $47.55M $111.2M $77.87M
YoY Change -38.94% 85.24% 201.69%
Gross Profit Margin 35.28% 89.33% 89.85%
Selling, General & Admin $47.15M $46.39M $96.98M
YoY Change -51.38% -38.28% 58.63%
% of Gross Profit 99.17% 41.7% 124.54%
Research & Development $6.247M $6.936M $6.263M
YoY Change -0.26% 27.43% 48.38%
% of Gross Profit 13.14% 6.24% 8.04%
Depreciation & Amortization $6.110M $6.175M $5.025M
YoY Change 21.59% -51.34% 15.73%
% of Gross Profit 12.85% 5.55% 6.45%
Operating Expenses $106.6M $53.32M $146.4M
YoY Change -27.19% -53.81% 59.26%
Operating Profit -$59.07M -$61.27M -$68.56M
YoY Change -13.84% 939.32% 3.67%
Interest Expense -$2.327M -$4.112M -$14.46M
YoY Change -83.91% -69.03% 822.32%
% of Operating Profit
Other Income/Expense, Net $6.486M -$12.82M $5.726M
YoY Change 13.27% -403.03% -234.67%
Pretax Income -$54.92M -$74.08M -$77.30M
YoY Change -28.95% 1159.13% 7.43%
Income Tax -$31.00K $416.0K $16.00K
% Of Pretax Income
Net Earnings -$54.23M -$74.50M -$77.31M
YoY Change -29.86% 1166.2% 6.99%
Net Earnings / Revenue -40.24% -59.83% -89.21%
Basic Earnings Per Share -$0.35
Diluted Earnings Per Share -$0.25 -$0.35 -$356.8K
COMMON SHARES
Basic Shares Outstanding 218.1M shares 217.5M shares
Diluted Shares Outstanding 215.7M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.6M $317.3M $69.73M
YoY Change 253.7% 145.29%
Cash & Equivalents $246.6M $317.3M $69.73M
Short-Term Investments
Other Short-Term Assets $10.07M $10.44M $16.42M
YoY Change -38.69% -47.03%
Inventory
Prepaid Expenses $1.011M
Receivables $5.613M $5.658M $4.638M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $312.9M $342.1M $98.98M
YoY Change 216.15% 118.29% 22080.37%
LONG-TERM ASSETS
Property, Plant & Equipment $34.93M $35.47M $27.46M
YoY Change 27.18% 54.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.27M $15.27M $22.04M
YoY Change -26.17% -10.95%
Total Long-Term Assets $1.261B $1.190B $49.50M
YoY Change 2446.94% 2866.05%
TOTAL ASSETS
Total Short-Term Assets $312.9M $342.1M $98.98M
Total Long-Term Assets $1.261B $1.190B $49.50M
Total Assets $1.574B $1.533B $148.5M
YoY Change 959.82% 678.55% 33172.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.08M $9.236M $19.10M
YoY Change -15.78% -8.3%
Accrued Expenses $20.13M $16.50M $19.56M
YoY Change 2.94% -30.37% 12257.9%
Deferred Revenue $41.66M $49.43M $18.81M
YoY Change 121.49%
Short-Term Debt $0.00 $0.00 $184.6M
YoY Change -100.0% -100.0%
Long-Term Debt Due $0.00 $0.00 $13.12M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $250.6M $238.4M $263.6M
YoY Change -4.93% 683.74% 57064.66%
LONG-TERM LIABILITIES
Long-Term Debt $173.0M $166.7M $10.74M
YoY Change 1510.94% 1211.1%
Other Long-Term Liabilities $3.430M $5.844M $3.906M
YoY Change -12.19% -88.15%
Total Long-Term Liabilities $176.4M $172.6M $14.64M
YoY Change 1104.62% 178.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $250.6M $238.4M $263.6M
Total Long-Term Liabilities $176.4M $172.6M $14.64M
Total Liabilities $1.594B $1.493B $344.4M
YoY Change 362.7% 364.93% 74579.57%
SHAREHOLDERS EQUITY
Retained Earnings -$980.6M -$910.7M -$814.8M
YoY Change 20.34% 2041114.49%
Common Stock $21.00K $21.00K $1.000K
YoY Change 2000.0% -95.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$19.95M $39.13M -$764.4M
YoY Change
Total Liabilities & Shareholders Equity $1.574B $1.533B $148.5M
YoY Change 959.82% 678.55% 33172.23%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$54.23M -$74.50M -$77.31M
YoY Change -29.86% 1166.2% 6.99%
Depreciation, Depletion And Amortization $6.110M $6.175M $5.025M
YoY Change 21.59% -51.34% 15.73%
Cash From Operating Activities -$24.92M -$32.48M -$43.45M
YoY Change -42.64% -75.72% -6.87%
INVESTING ACTIVITIES
Capital Expenditures $4.618M -$7.434M -$8.125M
YoY Change -156.84% -7.49% 283.8%
Acquisitions
YoY Change
Other Investing Activities -$286.0K -$274.0K -$1.610M
YoY Change -82.24% -100.06% 332.8%
Cash From Investing Activities -$4.904M -$7.708M -$9.735M
YoY Change -49.63% -101.76% 291.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 44.00K 255.0K -6.114M
YoY Change -100.72% -100.09% -126.31%
NET CHANGE
Cash From Operating Activities -24.92M -32.48M -43.45M
Cash From Investing Activities -4.904M -7.708M -9.735M
Cash From Financing Activities 44.00K 255.0K -6.114M
Net Change In Cash -29.78M -39.93M -59.30M
YoY Change -49.77% -670.43% 128.96%
FREE CASH FLOW
Cash From Operating Activities -$24.92M -$32.48M -$43.45M
Capital Expenditures $4.618M -$7.434M -$8.125M
Free Cash Flow -$29.54M -$25.04M -$35.32M
YoY Change -16.37% -80.08% -20.68%

Facts In Submission

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us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
11916000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2022Q1 sond Adjustments To Additional Paid In Capital Liability Reclassified To Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalLiabilityReclassifiedToEquityComponentOfConvertibleDebt
2111000 usd
CY2022Q1 sond Stock Issued During Period Value Conversion Of Notes
StockIssuedDuringPeriodValueConversionOfNotes
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CY2022Q1 sond Stock Issued During Period Value Conversion Of Preferred Stock
StockIssuedDuringPeriodValueConversionOfPreferredStock
518761000 usd
CY2022Q1 sond Stock Issued During Period Value Conversion Of Exchangeable Stock
StockIssuedDuringPeriodValueConversionOfExchangeableStock
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CY2022Q1 sond Stock Issued During Period Value Conversion Of Common Stock Reverse Recapitalization
StockIssuedDuringPeriodValueConversionOfCommonStockReverseRecapitalization
267362000 usd
CY2022Q1 sond Stock Issued During Period Value Spac Warrants Reverse Recapitalization
StockIssuedDuringPeriodValueSPACWarrantsReverseRecapitalization
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CY2022Q1 sond Stock Issued During Period Value Earnout Liability
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6680000 usd
CY2022Q1 us-gaap Net Income Loss
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22392000 usd
CY2022Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
1999000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
135267000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
574000 usd
CY2021Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
1145000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5054000 usd
CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
5085000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
129000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022Q3 sond Stock Issued During Period Value Conversion Of Exchangeable Stock
StockIssuedDuringPeriodValueConversionOfExchangeableStock
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6405000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
4833000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
39131000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
746000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14153000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2448000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1377000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
120000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
1689000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
956000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3573000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-64584000 usd
CY2021Q3 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-1120000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-692847000 usd
us-gaap Net Income Loss
NetIncomeLoss
-95882000 usd
us-gaap Net Income Loss
NetIncomeLoss
-217074000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17801000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12689000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
18139000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
20174000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
105569000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
us-gaap Straight Line Rent
StraightLineRent
0 usd
us-gaap Straight Line Rent
StraightLineRent
-12895000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-13092000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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CapitalizationOfInterestOnLongTermDebt
12544000 usd
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CapitalizationOfInterestOnLongTermDebt
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
149000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1562000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3374000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
23009000 usd
sond Debt Gain Loss On Share Settle Redemption Feature And Conversion Of Debt
DebtGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt
29512000 usd
sond Debt Gain Loss On Share Settle Redemption Feature And Conversion Of Debt
DebtGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt
7828000 usd
sond Fair Value Adjustment Of Warrants And Rights Outstanding
FairValueAdjustmentOfWarrantsAndRightsOutstanding
0 usd
sond Fair Value Adjustment Of Warrants And Rights Outstanding
FairValueAdjustmentOfWarrantsAndRightsOutstanding
1395000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-36329000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
94299000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1362000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1560000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6115000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
2543000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-3787000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-10750000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
11921000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-28401000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2295000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5937000 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
6181000 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
2475000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
30204000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
20112000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-58493000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1467000 usd
us-gaap Increase Decrease In Other Operating Liabilities
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846000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-124092000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-135943000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23579000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8036000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2510000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
3816000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26089000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11852000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
159225000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
24680000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11900000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
3065000 usd
us-gaap Payments Of Debt Extinguishment Costs
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0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
162366000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
325928000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
58555000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1702000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3079000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
120000 usd
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 usd
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
1020000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
400555000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
154685000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
248514000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6472000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69941000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123108000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
318455000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129580000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
488000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
213000 usd
us-gaap Interest Paid Net
InterestPaidNet
2306000 usd
us-gaap Interest Paid Net
InterestPaidNet
3368000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
134000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
149000 usd
us-gaap Notes Reduction
NotesReduction
159172000 usd
us-gaap Notes Reduction
NotesReduction
0 usd
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ConversionOfStockWarrantsAmountConverted
2111000 usd
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NoncashOrPartNoncashAcquisitionConversionOfWarrantsAmount
1243000 usd
sond Noncash Or Part Noncash Acquisition Conversion Of Warrants Amount
NoncashOrPartNoncashAcquisitionConversionOfWarrantsAmount
0 usd
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ConversionOfStockWarrantsAmountConverted
0 usd
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NoncashOrPartNoncashAcquisitionDerivativeLiabilitiesAssumed
98117000 usd
sond Noncash Or Part Noncash Acquisition Derivative Liabilities Assumed
NoncashOrPartNoncashAcquisitionDerivativeLiabilitiesAssumed
0 usd
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NoncashOrPartCashTransactionIssuanceOfDelayedDrawWarrants
5598000 usd
sond Noncash Or Part Cash Transaction Issuance Of Delayed Draw Warrants
NoncashOrPartCashTransactionIssuanceOfDelayedDrawWarrants
0 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
317324000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
129365000 usd
CY2022Q3 us-gaap Restricted Cash Current
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1131000 usd
CY2021Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
215000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
318455000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129580000 usd
CY2022Q3 sond Variable Interest Entity Number Of Entities
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1 entity
us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in accordance 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 at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expense during the reporting periods. Such management estimates include the fair value of share-based awards, estimated useful life of software development costs, bad-debt allowances, valuation of intellectual property and intangible assets, contingent liabilities, and valuation allowance for deferred tax assets, among others. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassification</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts reported in previous consolidated financial statements have been reclassified to conform to current period presentation. These reclassifications did not affect previously reported amounts of net income, total assets, or total stockholders’ equity (deficit).</span></div>
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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124526000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67454000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
326314000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
146281000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
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177409000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11361000 usd
CY2022Q3 sond Debt Instrument Delayed Draw Warrants
DebtInstrumentDelayedDrawWarrants
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CY2021Q4 sond Debt Instrument Delayed Draw Warrants
DebtInstrumentDelayedDrawWarrants
0 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5580000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
625000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
166707000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
10736000 usd
CY2022Q3 us-gaap Restricted Cash Current
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1100000 usd
CY2021Q4 us-gaap Restricted Cash Current
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200000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
61498000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
191908000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1951000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2430000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
63449000 usd
us-gaap Lease Cost
LeaseCost
194338000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
64690000 usd
us-gaap Operating Lease Payments
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171292000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
73007000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
199875000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M15D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.095
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
59907000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
263330000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
252202000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
237237000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
212799000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
170179000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
504964000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1700618000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
463188000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1237430000 usd
CY2022Q3 sond Operating Lease Liability Allowances For Leases Not Yet Commenced
OperatingLeaseLiabilityAllowancesForLeasesNotYetCommenced
8500000 usd
CY2022Q3 sond Lessee Operating Lease Lease Not Yet Commenced Future Lease Payments
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePayments
1900000000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
61500000 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
46900000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
193800000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
125500000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
279093000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
366299000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
418156000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
433541000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
403582000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1641237000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3541908000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3573000 usd
CY2022Q1 sond Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.4686
CY2022Q1 sond Shares Authorized
SharesAuthorized
690000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
144558747 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
230720775 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6405000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18139000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20174000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-74499000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-64584000 usd
us-gaap Net Income Loss
NetIncomeLoss
-95882000 usd
us-gaap Net Income Loss
NetIncomeLoss
-217074000 usd
CY2022Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-3886000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-74499000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-64584000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-91996000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-217074000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215682346 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12204601 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202513880 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11472291 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215682346 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12204601 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
202513880 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11472291 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
564000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-18.92
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-18.92
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70032583 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
172309940 shares
sond Number Of Surety Providers
NumberOfSuretyProviders
5 surety_provider
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
416000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
133000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
226000 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
sond Reverse Recapitalization Net
ReverseRecapitalizationNet
401900000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
24700000 usd
sond Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
58600000 usd
sond Reverse Recapitalization Net
ReverseRecapitalizationNet
401900000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
159200000 usd
sond Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
58555000 usd
sond Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
267373000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
159225000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
24680000 usd
sond Reverse Recapitalization Net
ReverseRecapitalizationNet
401918000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
0 usd
us-gaap Restructuring Charges
RestructuringCharges
4000000 usd

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