$SVCO
Silvaco Group, Inc.

2024 Q3 Form 10-Q Financial Statement

#000162828024035713 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $10.97M $14.96M $54.25M
YoY Change -26.58% 19.44% 453.47%
Cost Of Revenue $2.786M $4.861M $9.354M
YoY Change 22.52% 104.85% 341.23%
Gross Profit $8.186M $10.10M $44.89M
YoY Change -35.39% -0.52% 484.46%
Gross Profit Margin 74.61% 67.51% 82.76%
Selling, General & Admin $10.96M $25.49M $30.59M
YoY Change 43.5% 254.55% 342.6%
% of Gross Profit 133.91% 252.35% 68.14%
Research & Development $4.134M $7.707M $13.17M
YoY Change 25.69% 143.2% 407.32%
% of Gross Profit 50.5% 76.31% 29.34%
Depreciation & Amortization $428.0K $355.0K $292.0K
YoY Change 14.89% -47.01%
% of Gross Profit 5.23% 3.52% 0.65%
Operating Expenses $15.49M $47.89M $43.76M
YoY Change 41.73% 362.37% 360.27%
Operating Profit -$7.302M -$37.79M $1.134M
YoY Change -519.17% 18333.66% -162.1%
Interest Expense $939.0K $333.0K -$624.0K
YoY Change 428.81%
% of Operating Profit -55.03%
Other Income/Expense, Net
YoY Change
Pretax Income -$6.363M -$38.17M $510.0K
YoY Change -457.47% 8517.16% -126.23%
Income Tax $200.0K $200.0K $826.0K
% Of Pretax Income 161.96%
Net Earnings -$6.551M -$38.39M -$316.0K
YoY Change -552.42% 11497.58% -89.56%
Net Earnings / Revenue -59.71% -256.6% -0.58%
Basic Earnings Per Share -$0.23 -$1.55
Diluted Earnings Per Share -$0.23 -$1.55 -$0.01
COMMON SHARES
Basic Shares Outstanding 26.29M shares 26.29M shares
Diluted Shares Outstanding 29.05M shares 24.81M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.4M $88.89M $4.421M
YoY Change 1300.2% -19.3%
Cash & Equivalents $26.61M $34.27M $4.421M
Short-Term Investments $73.78M $54.61M $0.00
Other Short-Term Assets $3.215M $3.369M $3.712M
YoY Change 33.37% 50.53%
Inventory
Prepaid Expenses
Receivables $5.037M $6.781M $4.006M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $118.6M $108.2M $20.89M
YoY Change 445.61% -3.3%
LONG-TERM ASSETS
Property, Plant & Equipment $843.0K $742.0K $591.0K
YoY Change -71.32% -79.98%
Goodwill $9.026M $9.026M $9.026M
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.39M
YoY Change
Other Assets $1.836M $1.845M $1.825M
YoY Change -9.34% 15.43%
Total Long-Term Assets $27.87M $41.20M $20.00M
YoY Change 138.92% 16.83%
TOTAL ASSETS
Total Short-Term Assets $118.6M $108.2M $20.89M
Total Long-Term Assets $27.87M $41.20M $20.00M
Total Assets $146.5M $149.4M $40.89M
YoY Change 302.96% 5.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.197M $2.572M $2.495M
YoY Change 227.64% 33.85%
Accrued Expenses $23.31M $23.75M $10.26M
YoY Change 129.92% -10.9%
Deferred Revenue $7.784M $8.519M $7.882M
YoY Change
Short-Term Debt $0.00 $0.00 $2.000M
YoY Change -100.0% 0.0%
Long-Term Debt Due $1.853M $2.049M
YoY Change
Total Short-Term Liabilities $40.44M $40.04M $24.99M
YoY Change 80.23% 9.37%
LONG-TERM LIABILITIES
Long-Term Debt $2.738M $2.738M $0.00
YoY Change
Other Long-Term Liabilities $211.0K $185.0K $221.0K
YoY Change -95.67% -96.22%
Total Long-Term Liabilities $211.0K $185.0K $221.0K
YoY Change -95.67% -96.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.44M $40.04M $24.99M
Total Long-Term Liabilities $211.0K $185.0K $221.0K
Total Liabilities $47.81M $47.57M $31.48M
YoY Change 79.57% 9.72%
SHAREHOLDERS EQUITY
Retained Earnings -$32.17M -$25.62M $11.39M
YoY Change
Common Stock $3.000K $3.000K $2.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.65M $101.8M $9.402M
YoY Change
Total Liabilities & Shareholders Equity $146.5M $149.4M $40.89M
YoY Change 302.96% 5.6%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$6.551M -$38.39M -$316.0K
YoY Change -552.42% 11497.58% -89.56%
Depreciation, Depletion And Amortization $428.0K $355.0K $292.0K
YoY Change 14.89% -47.01%
Cash From Operating Activities -$1.873M -$6.222M -$986.0K
YoY Change -387.26% -52.98%
INVESTING ACTIVITIES
Capital Expenditures $288.0K $46.00K $137.0K
YoY Change -77.23% 53.93%
Acquisitions
YoY Change
Other Investing Activities -$4.799M -$67.81M
YoY Change
Cash From Investing Activities -$5.087M -$67.85M -$137.0K
YoY Change 33491.58% 53.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -875.0K 102.6M -731.0K
YoY Change -11234.74% -217.15%
NET CHANGE
Cash From Operating Activities -1.873M -6.222M -986.0K
Cash From Investing Activities -5.087M -67.85M -137.0K
Cash From Financing Activities -875.0K 102.6M -731.0K
Net Change In Cash -7.835M 28.47M -1.854M
YoY Change 2630.01% 18.69%
FREE CASH FLOW
Cash From Operating Activities -$1.873M -$6.222M -$986.0K
Capital Expenditures $288.0K $46.00K $137.0K
Free Cash Flow -$2.161M -$6.268M -$1.123M
YoY Change -419.14% -48.63%

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67809000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
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PaymentsToAcquirePropertyPlantAndEquipment
56000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
202000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4852000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
4250000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
4250000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
2126000 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
22000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
921000 usd
us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
300000 usd
us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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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
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29853000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
870000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4421000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5478000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34274000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6348000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:2pt;margin-top:4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-style:italic;font-weight:700;line-height:120%">Revision of prior financial statements</span></div><div style="margin-bottom:9.5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">For the three and six months ended June 30, 2023, general and administrative expenses were understated by $0.2 million and $0.4 million, respectively, in the Company’s condensed consolidated statement of income (loss) and accrued expenses were understated by $0.4 million in the Company’s condensed consolidated balance sheet due to certain accruals for professional services rendered not being recorded. The Company has determined that such errors are immaterial for the three and six months ended June 30, 2023 and has increased accrued expenses and other current liabilities and general and administrative expenses to correct these immaterial errors.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:2pt;margin-top:4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:9.5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with 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 financial statements. Estimates also affect the amounts of revenue and expenses during the reported periods. The Company’s most significant estimates relate to revenue recognition. Other estimates include, but are not limited to, accounts receivable allowances, stock-based compensation expense, valuation of goodwill and other intangible assets, contingent consideration, derivative valuations, uncertain tax positions and income taxes. Actual results could differ from those estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:2pt;margin-top:4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of credit risk</span></div><div style="margin-bottom:9.5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">As of June 30, 2024, three customers represented 25%, 13% and 10% of the Company’s accounts receivable. As of December 31, 2023, two customers represented 20% and 15% of the Company’s accounts receivable. </span></div><div style="margin-bottom:9.5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">During the three and six months ended June 30, 2024, one customer represented 37% and 19% of the Company’s total revenue, respectively. During the three and six months ended June 30, 2023, none of the Company’s customers represented more than 10% of the Company’s total revenue.</span></div><div style="margin-bottom:9.5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">In addition to the concentration of credit risk with respect to trade receivables, the Company's cash on deposit with financial institutions is also exposed to concentration risk. The Company's cash on deposit with financial institutions are insured through various public and private bank deposit insurance programs, foreign and domestic; however, a significant portion of cash balances held as of June 30, 2024 and December 31, 2023 exceeded insured limits. </span></div><div style="margin-bottom:9.5pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">As of June 30, 2024, $8.8 million, or 26%, of the Company’s cash and cash equivalents was maintained with one financial institution, where the Company’s current deposits are in excess of federally insured limits. Past macroeconomic conditions have resulted in the actual or perceived financial distress of many financial institutions, including the failures of Silicon Valley Bank, Signature Bank and First Republic Bank and the UBS takeover of Credit Suisse. If the financial institutions with whom the Company does business were to be placed into receivership, the Company may be unable to access the cash it has on deposit with such institutions. If the Company is unable to access its cash as needed, the Company’s financial position and ability to operate its business could be adversely affected.</span></div>
CY2024Q2 us-gaap Provision For Doubtful Accounts
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Realized After Tax
ForeignCurrencyTransactionGainLossRealizedAfterTax
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CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2144000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1963000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
863000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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735000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1266000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1198000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
247000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
499000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
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VariableLeaseCost
48000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
92000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
72000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
279000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
291000 usd
us-gaap Lease Cost
LeaseCost
569000 usd
us-gaap Lease Cost
LeaseCost
571000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
241000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
244000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
463000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
500000 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M29D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M17D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0309
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0414
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
448000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
753000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
412000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
234000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
195000 usd
CY2024Q2 svco Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
195000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2237000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
108000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2129000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2024Q2 us-gaap Operating Lease Liability Noncurrent
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1266000 usd
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2024Q2 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2023Q2 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5889000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
933000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4956000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5255000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4913000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
342000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
587000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1132000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
996000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
996000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
996000 usd
CY2024Q2 svco Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
249000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4956000 usd
CY2024Q2 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
4800000 usd
CY2024Q2 svco Supplier Finance Program Obligation Imputed Interest Rate
SupplierFinanceProgramObligationImputedInterestRate
0.09
svco Interest Expense Supplier Finance Obligation
InterestExpenseSupplierFinanceObligation
100000 usd
CY2024Q2 svco Interest Expense Supplier Finance Obligation
InterestExpenseSupplierFinanceObligation
100000 usd
CY2024Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
600000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
1500000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
1200000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
1200000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
1200000 usd
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
5700000 usd
CY2024Q2 svco Contractual Obligation Imputed Interest
ContractualObligationImputedInterest
913000 usd
CY2024Q2 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
4787000 usd
CY2024Q2 us-gaap Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
2049000 usd
CY2024Q2 us-gaap Supplier Finance Program Obligation Noncurrent
SupplierFinanceProgramObligationNoncurrent
2738000 usd
CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3739932 shares
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
17800000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21800000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21829000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000.0 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.03
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.36
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
22634000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
68003000 usd
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
90637000 usd
CY2024Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
72000 usd
CY2024Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
72000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
112000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
112000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
792000 usd
CY2023 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
325000 usd
CY2023 svco Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Exchange Gain Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignExchangeGainLoss
3000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
112000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-18000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
22000 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
72000 usd

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