2022 Q4 Form 10-Q Financial Statement

#000180583322000066 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $186.9M $201.2M $488.6M
YoY Change -6.48% -58.82%
Cost Of Revenue $128.2M $137.7M $365.8M
YoY Change -17.47% -62.37%
Gross Profit $58.70M $63.50M $122.7M
YoY Change 31.84% -48.27%
Gross Profit Margin 31.42% 31.56% 25.12%
Selling, General & Admin $62.76M $16.52M $69.20M
YoY Change 88.11% -76.13%
% of Gross Profit 106.92% 26.02% 56.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.52M $252.0K $10.26M
YoY Change 105.43% -97.54%
% of Gross Profit 48.59% 0.4% 8.36%
Operating Expenses $91.29M $16.52M $79.45M
YoY Change 146.79% -79.21% 45785.31%
Operating Profit -$32.59M -$42.31M -$780.8K
YoY Change -532.33% 5318.34% 350.93%
Interest Expense -$9.939M $10.01M -$12.71M
YoY Change 138.8% -178.78%
% of Operating Profit
Other Income/Expense, Net $10.36M -$14.50M $6.881M
YoY Change -310.74% -992.86%
Pretax Income -$398.5M -$56.81M $30.59M
YoY Change -11906.61% -285.73% -17763.43%
Income Tax -$69.50M -$19.23M $703.0K
% Of Pretax Income 2.3%
Net Earnings -$242.2M -$31.64M $6.100M
YoY Change -7879.18% -618.76% -746.31%
Net Earnings / Revenue -129.6% -15.73% 1.25%
Basic Earnings Per Share -$0.35
Diluted Earnings Per Share -$2.25 -$0.35 $365.8K
COMMON SHARES
Basic Shares Outstanding 91.46M shares 90.59M shares
Diluted Shares Outstanding 91.00M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.61M $31.93M $36.21M
YoY Change -48.63% -11.81% 3970.12%
Cash & Equivalents $24.61M $31.93M $177.1K
Short-Term Investments
Other Short-Term Assets $20.98M $16.09M $7.236M
YoY Change 172.79% 122.42% 2717.65%
Inventory
Prepaid Expenses $121.9K
Receivables $80.93M $78.85M $85.59M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $126.5M $126.9M $299.0K
YoY Change -13.22% 42335.0% -73.92%
LONG-TERM ASSETS
Property, Plant & Equipment $4.022M $4.349M $836.0K
YoY Change 384.58% 420.22%
Goodwill $515.6M $904.2M
YoY Change 1050.36%
Intangibles $492.7M $506.0M
YoY Change 878.17%
Long-Term Investments
YoY Change
Other Assets $2.822M $708.0K $529.0K
YoY Change -10.38% 33.84%
Total Long-Term Assets $1.034B $1.438B $517.5M
YoY Change 830.45% 177.79% 0.0%
TOTAL ASSETS
Total Short-Term Assets $126.5M $126.9M $299.0K
Total Long-Term Assets $1.034B $1.438B $517.5M
Total Assets $1.160B $1.564B $517.8M
YoY Change 351.7% 202.14% -0.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.07M $12.24M $64.63M
YoY Change -83.43% -81.06%
Accrued Expenses $90.19M $90.70M $7.674M
YoY Change 762.89% 1081.94% 6873.19%
Deferred Revenue $70.16M $68.29M
YoY Change 3459.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $20.00M $171.8M
YoY Change -88.27% -88.36%
Total Short-Term Liabilities $210.3M $207.1M $2.606M
YoY Change -23.96% 7849.06% 2267.62%
LONG-TERM LIABILITIES
Long-Term Debt $399.5M $402.3M $0.00
YoY Change
Other Long-Term Liabilities $5.027M $2.909M $9.368M
YoY Change 418.78% -68.95% -48.28%
Total Long-Term Liabilities $5.027M $2.909M $9.368M
YoY Change 418.78% -68.95% -48.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $210.3M $207.1M $2.606M
Total Long-Term Liabilities $5.027M $2.909M $9.368M
Total Liabilities $687.7M $769.1M $57.67M
YoY Change 141.02% 1233.66% 216.47%
SHAREHOLDERS EQUITY
Retained Earnings -$445.3M -$150.0M -$57.37M
YoY Change 161.48% -5.72%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $384.0M $617.2M -$57.37M
YoY Change
Total Liabilities & Shareholders Equity $1.160B $1.564B $517.8M
YoY Change 351.7% 202.14% -0.16%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$242.2M -$31.64M $6.100M
YoY Change -7879.18% -618.76% -746.31%
Depreciation, Depletion And Amortization $28.52M $252.0K $10.26M
YoY Change 105.43% -97.54%
Cash From Operating Activities $2.683M $6.730M $12.06M
YoY Change -87.43% -44.18% -3479.11%
INVESTING ACTIVITIES
Capital Expenditures $1.915M -$2.834M -$1.668M
YoY Change -217.2% 69.9% -130.33%
Acquisitions
YoY Change
Other Investing Activities $1.331M $488.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$584.0K -$2.346M -$1.668M
YoY Change -64.26% 40.65% -99.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.177M -7.047M -8.743M
YoY Change -25.51% -19.4% -101.69%
NET CHANGE
Cash From Operating Activities 2.683M 6.730M 12.06M
Cash From Investing Activities -584.0K -2.346M -1.668M
Cash From Financing Activities -5.177M -7.047M -8.743M
Net Change In Cash -3.078M -2.663M 1.645M
YoY Change -124.14% -261.88% 84.91%
FREE CASH FLOW
Cash From Operating Activities $2.683M $6.730M $12.06M
Capital Expenditures $1.915M -$2.834M -$1.668M
Free Cash Flow $768.0K $9.564M $13.72M
YoY Change -96.66% -30.31% -334.33%

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ORGANIZATION AND DESCRIPTION OF BUSINESS<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">System1, Inc. and subsidiaries (“System1” or the “Company”) operates an omnichannel customer acquisition platform, delivering high-intent customers to advertisers and sells antivirus software packages to end user customers. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company provides its omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(“RAMP”)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Operating seamlessly across major advertising networks and advertising category verticals to acquire users on its behalf, RAMP allows the Company to monetize such users through its relationships with third party advertisers and advertising networks </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(“A</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">dvertising Partners</span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. RAMP also allows third party advertising platforms and publishers </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Network Partners</span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, to send user traffic to, and monetize user traffic on, the Company’s owned and operated websites. RAMP operates across the Company’s network of owned and operated websites and related products, allowing it to monetize user traffic that it sources from various acquisition marketing channels, including Google, Facebook, Taboola, Snapchat and TikTok.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company, through its wholly owned subsidiary Protected.net Group Limited, a private limited company incorporated in England and Wales (“Protected.net</span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">”</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">), also provides antivirus software solutions, offering its customers a single packaged solution that provides protection and reporting to the end user. The Company delivers its antivirus software solutions directly to end-user customers across the world. The antivirus software solutions product offering comprises a core security package with varying levels of extra protection based on a customer's specific needs.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s primary operations are in the United States; and the Company also has operations in Canada, the United Kingdom, and the Netherlands. Operations outside the United States are subject to risks inherent in operating under different legal systems and various political and economic environments. Among these risks are changes in existing tax laws, possible limitations on foreign investment and income repatriation, government foreign exchange controls, and exposure to currency exchange fluctuations. The Company does not engage in hedging activities to mitigate its exposure to fluctuations in foreign currency exchange rates. </span></div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">For the purposes of the condensed consolidated financial statements, periods on or before January 26, 2022 reflect the financial position, results of operations and cash flows of S1 Holdco, LLC, a Delaware limited liability company ("S1 Holdco") and its consolidated subsidiaries prior to the Merger (as defined in </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Note 3—MERGER</span>), referred to herein as the “Predecessor,” and periods beginning on or after January 27, 2022 reflect the financial position, results of operations and cash flows of the Company and its consolidated subsidiaries as a result of the Merger, referred to herein as the “Successor”.
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<div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.</span></div><div><span><br/></span></div><div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to: (1) valuation of goodwill, acquired intangible assets and long-lived assets, (2) valuation and recognition of the Company's share-based compensation awards, (3) income taxes, (4) contingent consideration and (5) determination of the fair value of the warrant liabilities. Significant estimates affecting the condensed consolidated financial statements have been prepared on the basis of the most current and best available information, including historical experience, known trends and other market-specific or other relevant factors that the Company believes to be reasonable. Management evaluates its estimates, as there are changes in circumstances, facts and experience. Changes in estimates are recorded in periods which they become known. However, actual results from the resolution of such estimates and assumptions may vary from those used in the preparation of the condensed consolidated financial statements.</span></div>
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us-gaap Concentration Risk Credit Risk
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<div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration of Credit Risk</span></div><div><span><br/></span></div><div><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash is deposited with high-credit-quality financial institutions and, at times, such balances with any one financial institution may exceed the insurance limits of the prevailing regulatory body. Historically, the Company has not experienced any losses related to these cash balances and believes that there is minimal risk of expected future losses. However, there can be no assurance that there will not be losses on these deposits.</span></div>
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CY2022Q3 us-gaap Depreciation
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CY2021Q3 us-gaap Depreciation
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CY2022Q3 us-gaap Capitalized Computer Software Amortization1
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CY2021Q3 us-gaap Capitalized Computer Software Amortization1
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us-gaap Capitalized Computer Software Amortization1
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us-gaap Capitalized Computer Software Amortization1
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CY2022Q3 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Proceeds From Warrant Exercises
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CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.02
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-31643000 usd
us-gaap Net Income Loss
NetIncomeLoss
-90832000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91002000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91002000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88716000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88716000 shares
CY2021Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.55
CY2021Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.55
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-40460000 usd
us-gaap Net Income Loss
NetIncomeLoss
29883000 usd
CY2022Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-1.97
CY2022Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-1.97
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.46
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.46
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
11368000 usd
CY2021Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
20488000 shares
CY2021Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
20488000 shares
CY2022Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
20488000 shares
CY2022Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
20488000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
20488000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
20488000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
sst Combined Number Of Segments
CombinedNumberOfSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
201176000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
171446000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
587081000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52712000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
488586000 usd
CY2022Q3 sst Adjusted Gross Margin
AdjustedGrossMargin
72873000 usd
CY2021Q3 sst Adjusted Gross Margin
AdjustedGrossMargin
45042000 usd
sst Adjusted Gross Margin
AdjustedGrossMargin
205054000 usd
CY2022Q1 sst Adjusted Gross Margin
AdjustedGrossMargin
12231000 usd
sst Adjusted Gross Margin
AdjustedGrossMargin
131640000 usd
CY2022Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
9378000 usd
CY2021Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2481000 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
28343000 usd
CY2022Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1279000 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
8891000 usd
CY2022Q3 sst Salaries Commissions And Benefits
SalariesCommissionsAndBenefits
55862000 usd
CY2021Q3 sst Salaries Commissions And Benefits
SalariesCommissionsAndBenefits
15139000 usd
sst Salaries Commissions And Benefits
SalariesCommissionsAndBenefits
144876000 usd
CY2022Q1 sst Salaries Commissions And Benefits
SalariesCommissionsAndBenefits
35175000 usd
sst Salaries Commissions And Benefits
SalariesCommissionsAndBenefits
48032000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16520000 usd
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7936000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47668000 usd
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14817000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21163000 usd
CY2022Q3 sst Depreciation Depletion And Amortization Excluding Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts
33420000 usd
CY2021Q3 sst Depreciation Depletion And Amortization Excluding Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts
3459000 usd
sst Depreciation Depletion And Amortization Excluding Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts
90128000 usd
CY2022Q1 sst Depreciation Depletion And Amortization Excluding Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts
1000000 usd
sst Depreciation Depletion And Amortization Excluding Debt Issuance Costs
DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts
10260000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
10011000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
4184000 usd
us-gaap Interest Expense
InterestExpense
22111000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
1049000 usd
us-gaap Interest Expense
InterestExpense
12708000 usd
CY2022Q3 sst Gain Loss On Warrant Fair Value
GainLossOnWarrantFairValue
4489000 usd
CY2021Q3 sst Gain Loss On Warrant Fair Value
GainLossOnWarrantFairValue
0 usd
sst Gain Loss On Warrant Fair Value
GainLossOnWarrantFairValue
14111000 usd
CY2022Q1 sst Gain Loss On Warrant Fair Value
GainLossOnWarrantFairValue
0 usd
sst Gain Loss On Warrant Fair Value
GainLossOnWarrantFairValue
0 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56807000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11843000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-142183000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41089000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30586000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
201176000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
171446000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
587081000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52712000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
488586000 usd
CY2022Q3 sst Property Plant And Equipment And Operating Lease Right Of Use Asset
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAsset
11242000 usd
CY2021Q4 sst Property Plant And Equipment And Operating Lease Right Of Use Asset
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAsset
830000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30583000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
68000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
79802000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27698000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
334000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.500
sst Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Cost Of Equity
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsCostOfEquity
0.236
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q3 us-gaap Share Price
SharePrice
10.00
CY2022Q3 sst Share Based Compensation Arrangement By Share Based Payment Award Fixed Amount Recognized
ShareBasedCompensationArrangementByShareBasedPaymentAwardFixedAmountRecognized
2013000 usd
sst Share Based Compensation Arrangement By Share Based Payment Award Fixed Amount Recognized
ShareBasedCompensationArrangementByShareBasedPaymentAwardFixedAmountRecognized
2321000 usd

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