10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001468666-23-000022 |
| Period End Date | 20230430 |
| Filing Date | 20230608 |
| Fiscal Year | 2024 |
| Fiscal Period | Q1 |
| XBRL Instance | scwx-20230505_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
|
$2.40M | USD | Point-in-time |
| Accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.85M | 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
|
$143.52M | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$94.51M | USD | Point-in-time |
| Preferred stock, shares authorized (in shares) |
PreferredStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Preferred Stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable, net of allowances of $1,850 and $2,402, respectively |
AccountsReceivableNetCurrent
|
$72.63M | USD | Point-in-time |
| Preferred Stock, shares issued (in shares) |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Accounts receivable, net of allowances of $1,850 and $2,402, respectively |
AccountsReceivableNetCurrent
|
$56.99M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$620.00K | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$675.00K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$17.53M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$17.52M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$234.29M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$169.69M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.63M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.12M | USD | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockCommonShares
|
1.26M | shares | Point-in-time |
| Treasury stock, shares (in shares) |
TreasuryStockCommonShares
|
1.26M | shares | Point-in-time |
| Operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$9.37M | USD | Point-in-time |
| Operating lease right-of-use assets, net |
OperatingLeaseRightOfUseAsset
|
$9.26M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$425.52M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$425.37M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$99.41M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$106.21M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$64.72M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$60.97M | USD | Point-in-time |
| Total assets |
Assets
|
$772.69M | USD | Point-in-time |
| Total assets |
Assets
|
$840.87M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$18.85M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$14.77M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedandOtherLiabilitiesCurrent
|
$81.57M | USD | Point-in-time |
| Accrued and other current liabilities |
AccruedandOtherLiabilitiesCurrent
|
$53.49M | USD | Point-in-time |
| Short-term deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$139.59M | USD | Point-in-time |
| Short-term deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$145.17M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$207.85M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$245.58M | USD | Point-in-time |
| Long-term deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$9.88M | USD | Point-in-time |
| Long-term deferred revenue |
ContractWithCustomerLiabilityNoncurrent
|
$11.16M | USD | Point-in-time |
| Operating lease liabilities, non-current |
OperatingLeaseLiabilityNoncurrent
|
$12.14M | USD | Point-in-time |
| Operating lease liabilities, non-current |
OperatingLeaseLiabilityNoncurrent
|
$11.03M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$14.28M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$14.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$282.91M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$243.04M | USD | Point-in-time |
| Commitments and contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 6) |
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
|
$967.37M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$969.49M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-415.09M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-384.12M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-5.71M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-6.24M | USD | Point-in-time |
| Treasury stock, at cost - 1,257 and 1,257 shares, respectively |
TreasuryStockCommonValue
|
$19.90M | USD | Point-in-time |
| Treasury stock, at cost - 1,257 and 1,257 shares, respectively |
TreasuryStockCommonValue
|
$19.90M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$648.06M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$625.30M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$529.65M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$557.96M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$772.69M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$840.87M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total net revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$94.39M | USD | 1 Quarter |
| Total net revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$121.02M | USD | 1 Quarter |
| Total cost of revenue |
CostOfGoodsAndServicesSold
|
$49.44M | USD | 1 Quarter |
| Total cost of revenue |
CostOfGoodsAndServicesSold
|
$42.79M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$51.61M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$71.58M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$31.17M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$33.33M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$34.53M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$39.24M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$22.26M | 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
|
$87.96M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-26.36M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-36.35M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-1.75M | USD | 1 Quarter |
| Interest and other, net |
NonoperatingIncomeExpense
|
$-697.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-38.10M | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-27.05M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-7.13M | USD | 1 Quarter |
| Income tax benefit |
IncomeTaxExpenseBenefit
|
$-5.46M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-30.97M | USD | 1 Quarter |
| Loss per common share (basic in usd per share) |
EarningsPerShareBasic
|
$-0.26 | USD | 1 Quarter |
| Loss per common share (basic in usd per share) |
EarningsPerShareBasic
|
$-0.36 | USD | 1 Quarter |
| Loss per common share (diluted in usd per share) |
EarningsPerShareDiluted
|
$-0.26 | USD | 1 Quarter |
| Loss per common share (diluted in usd per share) |
EarningsPerShareDiluted
|
$-0.36 | 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
|
85.43M | shares | 1 Quarter |
| Weighted-average common shares outstanding (diluted in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
85.43M | 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
|
$-21.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-30.97M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$9.38M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$8.98M | USD | 1 Quarter |
| Amortization of right of use asset |
OperatingLeaseRightOfUseAssetAmortizationExpense
|
$964.00K | USD | 1 Quarter |
| Amortization of right of use asset |
OperatingLeaseRightOfUseAssetAmortizationExpense
|
$627.00K | USD | 1 Quarter |
| Amortization of costs capitalized to obtain revenue contracts |
CapitalizedCostToObtainContractAmortization
|
$4.57M | USD | 1 Quarter |
| Amortization of costs capitalized to obtain revenue contracts |
CapitalizedCostToObtainContractAmortization
|
$4.51M | USD | 1 Quarter |
| Amortization of costs capitalized to fulfill revenue contracts |
CapitalizedCostToFulfillContractAmortization
|
$1.40M | USD | 1 Quarter |
| Amortization of costs capitalized to fulfill revenue contracts |
CapitalizedCostToFulfillContractAmortization
|
$954.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$7.27M | 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
|
$-1.94M | 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
|
$-7.13M | 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
|
$-223.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-10.73M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-15.59M | USD | 1 Quarter |
| Net transactions with Dell |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$847.00K | USD | 1 Quarter |
| Net transactions with Dell |
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
$-5.18M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-132.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$55.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$2.66M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$3.10M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-4.13M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$7.67M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-7.30M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-3.42M | USD | 1 Quarter |
| Operating leases, net |
IncreaseDecreaseInOperatingLeaseLiability
|
$-1.82M | USD | 1 Quarter |
| Operating leases, net |
IncreaseDecreaseInOperatingLeaseLiability
|
$-1.48M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-33.51M | USD | 1 Quarter |
| Accrued and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-33.01M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-24.88M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-42.18M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$413.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$480.00K | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$1.21M | USD | 1 Quarter |
| Software development costs |
PaymentsToDevelopSoftware
|
$1.70M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.11M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.69M | USD | 1 Quarter |
| Taxes paid on vested restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.13M | USD | 1 Quarter |
| Taxes paid on vested restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.44M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-5.13M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.44M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-34.44M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-49.01M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$143.52M | 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
|
$94.51M | USD | Point-in-time |
| Cash and cash equivalents at end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$143.52M | 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
|
$94.51M | USD | Point-in-time |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$648.06M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$625.30M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$529.65M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$557.96M | USD | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-30.97M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-2.84M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$527.00K | USD | 1 Quarter |
| Vesting of restricted stock units |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Vesting of restricted stock units |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Common stock withheld as payment for withholding taxes upon the vesting of restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.13M | USD | 1 Quarter |
| Common stock withheld as payment for withholding taxes upon the vesting of restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.44M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$7.27M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$9.13M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$648.06M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$625.30M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$529.65M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$557.96M | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-21.60M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-30.97M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-2.84M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$527.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-24.44M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-30.44M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.