2024 Q3 Form 10-K Financial Statement

#000181939524000075 Filed on September 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q4 2023
Revenue $163.0M $602.1M
YoY Change 20.97% 30.58%
Cost Of Revenue $96.91M $392.9M
YoY Change 11.1% 23.87%
Gross Profit $66.12M $209.2M
YoY Change 39.07% 45.36%
Gross Profit Margin 40.56% 34.74%
Selling, General & Admin $45.99M $190.6M
YoY Change -2.46% 3.8%
% of Gross Profit 69.55% 91.15%
Research & Development $4.878M $22.37M
YoY Change -21.91% -22.6%
% of Gross Profit 7.38% 10.69%
Depreciation & Amortization $3.239M $22.15M
YoY Change -46.99% -7.38%
% of Gross Profit 4.9% 10.59%
Operating Expenses $101.3M $213.0M
YoY Change -4.97% 0.21%
Operating Profit -$35.20M -$278.0M
YoY Change -40.41% -2.99%
Interest Expense -$6.953M -$25.41M
YoY Change 198.8% 18.15%
% of Operating Profit
Other Income/Expense, Net $104.0K -$18.56M
YoY Change -98.4% -115.29%
Pretax Income -$101.2M -$296.6M
YoY Change 84.29% 79.53%
Income Tax -$1.572M -$933.0K
% Of Pretax Income
Net Earnings -$99.63M -$295.7M
YoY Change 83.72% 78.39%
Net Earnings / Revenue -61.11% -49.11%
Basic Earnings Per Share -$27.04
Diluted Earnings Per Share -$9.05 -$27.04
COMMON SHARES
Basic Shares Outstanding 11.59M shares 11.06M shares 10.93M shares
Diluted Shares Outstanding 10.93M shares

Balance Sheet

Concept 2024 Q3 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.76M $95.76M
YoY Change -61.17% -61.17%
Cash & Equivalents $95.76M
Short-Term Investments
Other Short-Term Assets $11.35M $57.45M
YoY Change 12.72% -5.35%
Inventory
Prepaid Expenses
Receivables $7.999M $7.999M
Other Receivables $0.00 $0.00
Total Short-Term Assets $161.2M $161.2M
YoY Change -48.48% -48.48%
LONG-TERM ASSETS
Property, Plant & Equipment $22.78M $1.345B
YoY Change -34.79% 9.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.15M $15.15M
YoY Change -6.88% -6.88%
Total Long-Term Assets $1.360B $1.360B
YoY Change 7.88% 9.62%
TOTAL ASSETS
Total Short-Term Assets $161.2M $161.2M
Total Long-Term Assets $1.360B $1.360B
Total Assets $1.521B $1.521B
YoY Change -3.33% -2.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.56M $23.56M
YoY Change 46.5% 46.5%
Accrued Expenses $38.63M $238.0M
YoY Change 91.87% 33.17%
Deferred Revenue $61.97M
YoY Change 48.74%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $168.7M $168.7M
YoY Change
Total Short-Term Liabilities $506.2M $506.2M
YoY Change 101.98% 101.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.500M $1.500M
YoY Change -99.13% -99.13%
Other Long-Term Liabilities $652.0K $1.390B
YoY Change -80.99% 21.21%
Total Long-Term Liabilities $2.152M $1.392B
YoY Change -98.78% 5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $506.2M $506.2M
Total Long-Term Liabilities $2.152M $1.392B
Total Liabilities $1.898B $1.898B
YoY Change 19.1% 20.83%
SHAREHOLDERS EQUITY
Retained Earnings -$1.359B
YoY Change 38.61%
Common Stock $1.000K
YoY Change -95.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$376.7M -$376.7M
YoY Change
Total Liabilities & Shareholders Equity $1.521B $1.521B
YoY Change -3.33% -2.09%

Cashflow Statement

Concept 2024 Q3 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$99.63M -$295.7M
YoY Change 83.72% 78.39%
Depreciation, Depletion And Amortization $3.239M $22.15M
YoY Change -46.99% -7.38%
Cash From Operating Activities -$36.87M -$110.9M
YoY Change 47.92% -25.58%
INVESTING ACTIVITIES
Capital Expenditures -$422.0K $10.57M
YoY Change -109.14% -62.53%
Acquisitions
YoY Change
Other Investing Activities -$679.0K -$1.796M
YoY Change 137.41% -35.77%
Cash From Investing Activities -$257.0K -$12.36M
YoY Change -94.76% -60.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.99M -$32.23M
YoY Change -79622.73% -108.05%
NET CHANGE
Cash From Operating Activities -36.87M -$110.9M
Cash From Investing Activities -257.0K -$12.36M
Cash From Financing Activities -34.99M -$32.23M
Net Change In Cash -72.11M -$152.7M
YoY Change 142.13% -169.64%
FREE CASH FLOW
Cash From Operating Activities -$36.87M -$110.9M
Capital Expenditures -$422.0K $10.57M
Free Cash Flow -$36.44M -$121.5M
YoY Change 23.37% -31.45%

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CY2021 us-gaap Amortization Of Financing Costs
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CY2023 us-gaap Amortization Of Debt Discount Premium
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CY2022 sond Debt Gain Loss On Share Settle Redemption Feature And Conversion Of Debt
DebtGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt
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CY2021 sond Debt Gain Loss On Share Settle Redemption Feature And Conversion Of Debt
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CY2023 us-gaap Fair Value Adjustment Of Warrants
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CY2022 us-gaap Fair Value Adjustment Of Warrants
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CY2021 us-gaap Fair Value Adjustment Of Warrants
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CY2023 sond Fair Value Adjustment Of Warrants And Rights Outstanding
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FairValueAdjustmentOfWarrantsAndRightsOutstanding
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CY2023 sond Proceeds From Exercise Of Stock Options And Common Stock Warrants
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CY2022 sond Proceeds From Exercise Of Stock Options And Common Stock Warrants
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CY2023 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 sond Number Of Variable Interest Entities
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1 entity
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023 sond Debt Instrument Covenant Not In Compliance
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CY2023 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 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 consolidated financial statements, and the reported amounts of revenue and expense during the reporting periods. Examples of where management makes estimates and assumptions included, but are not limited to the fair value of share-based awards, estimated useful life of long-lived assets, bad-debt allowances, valuation of intellectual property and intangible assets, contingent liabilities, valuation allowance for deferred tax assets, ROU asset impairment, and valuation of non-routine complex transactions, such as recognition of the Earn Out Liability and SPAC Warrants (both as defined below), among others. These estimates are based on information available as of the date of the consolidated financial statements; therefore, actual results could differ from those estimates.</span></div>
CY2023 us-gaap Number Of Operating Segments
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CY2023 us-gaap Notes Reduction
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CY2023 sond Noncash Or Part Noncash Acquisition Conversion Of Warrants Amount
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CY2021 sond Noncash Or Part Noncash Acquisition Conversion Of Warrants Amount
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CY2023 sond Conversion Of Stock Warrants Amount Converted
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CY2022 sond Conversion Of Stock Warrants Amount Converted
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CY2021 sond Conversion Of Stock Warrants Amount Converted
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CY2023 sond Noncash Or Part Noncash Acquisition Derivative Liabilities Assumed
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CY2022 sond Noncash Or Part Noncash Acquisition Derivative Liabilities Assumed
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CY2021 sond Noncash Or Part Noncash Acquisition Derivative Liabilities Assumed
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CY2023 sond Recognition Of Spac Warrants Reverse Recapitalization
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CY2023 sond Noncash Or Part Cash Transaction Issuance Of Delayed Draw Warrants
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CY2021 sond Noncash Or Part Cash Transaction Issuance Of Delayed Draw Warrants
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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P4Y
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CY2022Q4 us-gaap Assets
Assets
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LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
593088000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1827864000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
238920000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1588944000 usd
CY2023Q4 sond Lessee Operating Lease Lease Not Yet Commenced Future Lease Payments
LesseeOperatingLeaseLeaseNotYetCommencedFutureLeasePayments
800000000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
58500000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
79100000 usd
CY2022Q1 sond Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.4686
CY2022Q1 sond Adjustments To Additional Paid In Capital Liability Component Reclassified To Equity
AdjustmentsToAdditionalPaidInCapitalLiabilityComponentReclassifiedToEquity
2100000 usd
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1019460 shares
CY2022Q1 sond Shares Authorized
SharesAuthorized
272000000 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
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6985146 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6324060 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28498000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24337000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25247000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1535342 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
51.00
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y5M23D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
107556000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
629215 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
39.20
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
46568 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
33.60
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
257030 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
103.60
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
27009 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
62.00
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1833950 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.80
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M17D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
88000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1301035 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.47
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
469 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.71
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
305787 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
31.94
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
142806 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
74.32
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2685923 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.28
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M6D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
88000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
975987 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
34.77
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y29D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2685923 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
25.28
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y10M6D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
88000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.13
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.60
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
99.80
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2700000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14500000 usd
CY2022Q4 sond Common Stock Capital Shares Market Capitalization Estimated Price
CommonStockCapitalSharesMarketCapitalizationEstimatedPrice
5000000000.0 usd
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Estimated Per Share
CommonStockCapitalSharesMarketCapitalisationEstimatedPerShare
361.00
CY2022Q4 sond Common Stock Capital Shares Market Capitalization Estimated Price
CommonStockCapitalSharesMarketCapitalizationEstimatedPrice
5000000000.0 usd
CY2022Q4 sond Common Stock Capital Shares Market Capitalization Adjustments Per Share
CommonStockCapitalSharesMarketCapitalizationAdjustmentsPerShare
105.40
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Option Award Market Price Per Share Year One
CommonStockCapitalSharesMarketCapitalisationOptionAwardMarketPricePerShareYearOne
304.00
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Option Award Market Price Per Share Year Two
CommonStockCapitalSharesMarketCapitalisationOptionAwardMarketPricePerShareYearTwo
422.00
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Option Award Market Price Per Share Year Three
CommonStockCapitalSharesMarketCapitalisationOptionAwardMarketPricePerShareYearThree
481.00
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Option Award Adjusted Market Price Per Share Year Three
CommonStockCapitalSharesMarketCapitalisationOptionAwardAdjustedMarketPricePerShareYearThree
90.60
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Option Award Adjusted Market Price Per Share Year Four
CommonStockCapitalSharesMarketCapitalisationOptionAwardAdjustedMarketPricePerShareYearFour
127.80
CY2022Q4 sond Common Stock Capital Shares Market Capitalisation Option Award Adjusted Market Price Per Share Year Five
CommonStockCapitalSharesMarketCapitalisationOptionAwardAdjustedMarketPricePerShareYearFive
142.80
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-295668000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-245031000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-293955000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10933126 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10933126 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10301880 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10301880 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
588296 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
588296 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-27.04
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-27.04
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-23.79
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-23.79
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-499.67
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-499.67
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4401481 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4136663 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8834037 shares
CY2023 sond Number Of Surety Providers
NumberOfSuretyProviders
6 surety_provider
CY2023Q4 sond Loss Contingency Estimated Accrual Liability Related To Tax Matters
LossContingencyEstimatedAccrualLiabilityRelatedToTaxMatters
6800000 usd
CY2022Q4 sond Loss Contingency Estimated Accrual Liability Related To Tax Matters
LossContingencyEstimatedAccrualLiabilityRelatedToTaxMatters
7900000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
217000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
129000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
113000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
588000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
493000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
129000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
805000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
622000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
242000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1738000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1738000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-933000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
622000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
242000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-214936000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-152680000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-261420000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-81665000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-91729000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-32293000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-296601000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-244409000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-293713000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-62286000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-51326000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-61680000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-674000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1810000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-7645000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
172000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
104000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
89000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
827000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
873000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1753000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
3196000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2035000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1388000 usd
CY2023 sond Effective Income Tax Rate Reconciliation Convertible Debt Instruments
EffectiveIncomeTaxRateReconciliationConvertibleDebtInstruments
-552000 usd
CY2022 sond Effective Income Tax Rate Reconciliation Convertible Debt Instruments
EffectiveIncomeTaxRateReconciliationConvertibleDebtInstruments
-31584000 usd
CY2021 sond Effective Income Tax Rate Reconciliation Convertible Debt Instruments
EffectiveIncomeTaxRateReconciliationConvertibleDebtInstruments
5399000 usd
CY2023 sond Effective Income Tax Rate Reconciliation Capital Loss
EffectiveIncomeTaxRateReconciliationCapitalLoss
0 usd
CY2022 sond Effective Income Tax Rate Reconciliation Capital Loss
EffectiveIncomeTaxRateReconciliationCapitalLoss
16105000 usd
CY2021 sond Effective Income Tax Rate Reconciliation Capital Loss
EffectiveIncomeTaxRateReconciliationCapitalLoss
-9640000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
189000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
951000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
184000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-7698000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-6023000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2545000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
60146000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
70148000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
76445000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
7401000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
2895000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-933000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
622000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
242000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
205706000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
173444000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
7232000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
6136000 usd
CY2023Q4 sond Deferred Tax Assets Fixed And Intangible Assets
DeferredTaxAssetsFixedAndIntangibleAssets
20339000 usd
CY2022Q4 sond Deferred Tax Assets Fixed And Intangible Assets
DeferredTaxAssetsFixedAndIntangibleAssets
18698000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
13531000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
10112000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
15823000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
9255000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
10354000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
8450000 usd
CY2023Q4 sond Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
358266000 usd
CY2022Q4 sond Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
271865000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
21024000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
12352000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
652275000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
510312000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
361038000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
283142000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
291237000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
227170000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
289499000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
227170000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1738000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
77900000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
77600000 usd
CY2023Q4 sond Operating Loss Carryforwards Subject To Expiration
OperatingLossCarryforwardsSubjectToExpiration
11000000.0 usd
CY2023Q4 sond Operating Loss Carryforwards Not Subject To Expiration
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