10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001468666-22-000021 |
| Period End Date | 20220430 |
| Filing Date | 20220602 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | scwx-20220429_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$3.43M | USD | Point-in-time |
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$3.51M | USD | Point-in-time |
| Preferred stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value (usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$220.66M | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$186.22M | USD | Point-in-time |
| Preferred Stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred Stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable, net of allowances of $3,428 and $3,510, respectively |
AccountsReceivableNetCurrent
|
$74.90M | USD | Point-in-time |
| Accounts receivable, net of allowances of $3,428 and $3,510, respectively |
AccountsReceivableNetCurrent
|
$86.23M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$373.00K | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$505.00K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$27.07M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$26.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$333.43M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$288.57M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$8.43M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$7.24M | USD | Point-in-time |
| Operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$16.21M | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
1.26M | shares | Point-in-time |
| Operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$17.44M | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockShares
|
1.26M | shares | Point-in-time |
| Goodwill |
Goodwill
|
$425.93M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$425.88M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$127.64M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$133.73M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$69.35M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$68.35M | USD | Point-in-time |
| Total assets |
Assets
|
$934.89M | USD | Point-in-time |
| Total assets |
Assets
|
$987.30M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$22.86M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$15.06M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedandOtherLiabilitiesCurrent
|
$88.12M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedandOtherLiabilitiesCurrent
|
$55.06M | USD | Point-in-time |
| Short-term deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$163.30M | USD | Point-in-time |
| Short-term deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$163.06M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$240.98M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$266.49M | USD | Point-in-time |
| Long-term deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$12.76M | USD | Point-in-time |
| Long-term deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$10.41M | USD | Point-in-time |
| Operating lease liabilities, non-current |
OperatingLeaseLiabilityNoncurrent
|
$16.87M | USD | Point-in-time |
| Operating lease liabilities, non-current |
OperatingLeaseLiabilityNoncurrent
|
$15.55M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$42.65M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$43.12M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$339.25M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$309.58M | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock - $0.01 par value: 200,000 shares authorized; shares issued |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock - $0.01 par value: 200,000 shares authorized; shares issued |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$939.40M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$941.08M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-291.22M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-269.62M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.67M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-5.51M | USD | Point-in-time |
| Treasury stock, at cost - 1,257 and 1,257 shares, respectively |
TreasuryStockValue
|
$19.90M | USD | Point-in-time |
| Treasury stock, at cost - 1,257 and 1,257 shares, respectively |
TreasuryStockValue
|
$19.90M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$661.05M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$625.30M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$648.06M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$667.78M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$934.89M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$987.30M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total net revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$139.46M | USD | 1 Quarter |
| Total net revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$121.02M | USD | 1 Quarter |
| Total cost of revenue |
CostOfGoodsAndServicesSold
|
$57.21M | USD | 1 Quarter |
| Total cost of revenue |
CostOfGoodsAndServicesSold
|
$49.44M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$82.26M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$71.58M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$28.15M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$33.33M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$36.41M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$39.24M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$25.55M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$25.36M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$97.94M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$90.11M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-7.86M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-26.36M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-697.00K | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-907.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-8.76M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-27.05M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-2.37M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-5.46M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-6.39M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Loss per common share (basic) (in shares) |
IncomeLossFromContinuingOperationsPerBasicShare
|
$-0.08 | USD | 1 Quarter |
| Loss per common share (basic) (in shares) |
IncomeLossFromContinuingOperationsPerBasicShare
|
$-0.26 | USD | 1 Quarter |
| Loss per common share (diluted) (in shares) |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$-0.26 | USD | 1 Quarter |
| Loss per common share (diluted) (in shares) |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$-0.08 | USD | 1 Quarter |
| Weighted-average common shares outstanding (basic) (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
83.76M | shares | 1 Quarter |
| Weighted-average common shares outstanding (basic) (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
81.98M | shares | 1 Quarter |
| Weighted-average common shares outstanding (diluted) (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
81.98M | shares | 1 Quarter |
| Weighted-average common shares outstanding (diluted) (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
83.76M | shares | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-6.39M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$9.92M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$9.38M | USD | 1 Quarter |
| Amortization of right of use asset |
OperatingLeaseRightOfUseAssetAmortizationExpense
|
$964.00K | USD | 1 Quarter |
| Amortization of right of use asset |
OperatingLeaseRightOfUseAssetAmortizationExpense
|
$1.05M | USD | 1 Quarter |
| Amortization of costs capitalized to obtain revenue contracts |
CapitalizedCostToObtainContractAmortization
|
$4.51M | USD | 1 Quarter |
| Amortization of costs capitalized to obtain revenue contracts |
CapitalizedCostToObtainContractAmortization
|
$5.05M | USD | 1 Quarter |
| Amortization of costs capitalized to fulfill revenue contracts |
CapitalizedCostToFulfillContractAmortization
|
$1.42M | USD | 1 Quarter |
| Amortization of costs capitalized to fulfill revenue contracts |
CapitalizedCostToFulfillContractAmortization
|
$1.40M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$6.04M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.13M | USD | 1 Quarter |
| Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-798.00K | USD | 1 Quarter |
| Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-565.00K | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-2.37M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-5.46M | USD | 1 Quarter |
| Provision for credit losses |
ProvisionForDoubtfulAccounts
|
$53.00K | USD | 1 Quarter |
| Provision for credit losses |
ProvisionForDoubtfulAccounts
|
$434.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-12.57M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-10.73M | USD | 1 Quarter |
| Net transactions with Dell |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$9.86M | USD | 1 Quarter |
| Net transactions with Dell |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$847.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$127.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-132.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$4.25M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$3.10M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$526.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$7.67M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-3.77M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-3.42M | USD | 1 Quarter |
| Operating leases, net |
IncreaseDecreaseInOperatingLeaseLiability
|
$-1.55M | USD | 1 Quarter |
| Operating leases, net |
IncreaseDecreaseInOperatingLeaseLiability
|
$-1.48M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-40.04M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-33.51M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-24.88M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-30.56M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$413.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$524.00K | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$1.77M | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$1.70M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.29M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.11M | USD | 1 Quarter |
| Taxes paid on vested restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$6.84M | USD | 1 Quarter |
| Taxes paid on vested restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.44M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.44M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.84M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-34.44M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-39.69M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$220.30M | USD | Point-in-time |
| Cash and cash equivalents at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$186.22M | USD | Point-in-time |
| Cash and cash equivalents at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$220.66M | USD | Point-in-time |
| Cash and cash equivalents at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$180.61M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$220.30M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$186.22M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$220.66M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$180.61M | USD | Point-in-time |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$661.05M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$625.30M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$648.06M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$667.78M | USD | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-6.39M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-2.84M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$464.00K | USD | 1 Quarter |
| Vesting of restricted stock units |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Vesting of restricted stock units |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Grant of restricted stock awards |
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
- | USD | 1 Quarter |
| Common stock withheld as payment for withholding taxes upon the vesting of restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.44M | USD | 1 Quarter |
| Common stock withheld as payment for withholding taxes upon the vesting of restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$6.84M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$6.04M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$9.13M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$661.05M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$625.30M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$648.06M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$667.78M | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-6.39M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-2.84M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$464.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-24.44M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-5.93M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.