10-Q Filing

MONTROSE ENVIRONMENTAL GROUP, INC. CIK: 1643615 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-043509`
Period End Date	20210630
Filing Date	20210811
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	meg-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 83 Cash Flow Statement 102 Stockholders Equity 39

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsAndShortTermInvestments`	$34.88M	USD	Point-in-time
Cash and restricted cash	`CashCashEquivalentsAndShortTermInvestments`	$40.19M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$54.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	190.00M	shares	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$72.35M	USD	Point-in-time
Contract assets	`UnbilledReceivablesCurrent`	$38.58M	USD	Point-in-time
Contract assets	`UnbilledReceivablesCurrent`	$55.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.93M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.71M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.93M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$175.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$134.27M	USD	Point-in-time
Property and equipmentnet	`PropertyPlantAndEquipmentNet`	$34.40M	USD	Point-in-time
Property and equipmentnet	`PropertyPlantAndEquipmentNet`	$29.55M	USD	Point-in-time
Operating lease right-of-use assetnet	`OperatingLeaseRightOfUseAsset`	$24.60M	USD	Point-in-time
Operating lease right-of-use assetnet	`OperatingLeaseRightOfUseAsset`	$25.82M	USD	Point-in-time
Finance lease right-of-use assetnet	`FinanceLeaseRightOfUseAsset`	$7.20M	USD	Point-in-time
Finance lease right-of-use assetnet	`FinanceLeaseRightOfUseAsset`	$7.20M	USD	Point-in-time
Finance lease right-of-use assetnet	`FinanceLeaseRightOfUseAsset`	$7.44M	USD	Point-in-time
Goodwill	`Goodwill`	$287.29M	USD	Point-in-time
Goodwill	`Goodwill`	$274.67M	USD	Point-in-time
Other intangible assetsnet	`FiniteLivedIntangibleAssetsNet`	$152.74M	USD	Point-in-time
Other intangible assetsnet	`FiniteLivedIntangibleAssetsNet`	$154.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.39M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$602.73M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$681.52M	USD	Point-in-time
Accounts payable and other accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$34.88M	USD	Point-in-time
Accounts payable and other accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$40.99M	USD	Point-in-time
Accrued payroll and benefits	`AccruedEmployeeBenefitsCurrent`	$19.28M	USD	Point-in-time
Accrued payroll and benefits	`AccruedEmployeeBenefitsCurrent`	$21.18M	USD	Point-in-time
Business acquisitions contingent consideration, current	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$49.90M	USD	Point-in-time
Business acquisitions contingent consideration, current	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$30.15M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$7.27M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$7.30M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.97M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.58M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.22M	USD	Point-in-time
Business acquisitions contingent consideration, long-term	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$4.57M	USD	Point-in-time
Business acquisitions contingent consideration, long-term	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$1.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.52M	USD	Point-in-time
Deferred tax liabilitiesnet	`DeferredIncomeTaxLiabilitiesNet`	$2.43M	USD	Point-in-time
Deferred tax liabilitiesnet	`DeferredIncomeTaxLiabilitiesNet`	$2.81M	USD	Point-in-time
Operating lease liabilitynet of current portion	`OperatingLeaseLiabilityNoncurrent`	$17.30M	USD	Point-in-time
Operating lease liabilitynet of current portion	`OperatingLeaseLiabilityNoncurrent`	$18.64M	USD	Point-in-time
Finance lease liabilitynet of current portion	`FinanceLeaseLiabilityNoncurrent`	$4.60M	USD	Point-in-time
Finance lease liabilitynet of current portion	`FinanceLeaseLiabilityNoncurrent`	$4.79M	USD	Point-in-time
Long-term debtnet of deferred financing fees	`LongTermDebtNoncurrent`	$170.32M	USD	Point-in-time
Long-term debtnet of deferred financing fees	`LongTermDebtNoncurrent`	$230.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$389.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$312.65M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$287.37M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$259.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-148.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-122.35M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$71.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$128.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$137.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-26.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$139.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-38.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$127.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-71.77M	USD	Point-in-time
TOTAL LIABILITIES, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$602.73M	USD	Point-in-time
TOTAL LIABILITIES, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$681.52M	USD	Point-in-time

Income Statement 83 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$73.77M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$136.22M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$270.04M	USD	2 Qtrs
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$134.80M	USD	2 Qtrs
COST OF REVENUES (exclusive of depreciation and amortization shown below)	`CostOfRevenue`	$90.29M	USD	2 Qtrs
COST OF REVENUES (exclusive of depreciation and amortization shown below)	`CostOfRevenue`	$92.10M	USD	1 Quarter
COST OF REVENUES (exclusive of depreciation and amortization shown below)	`CostOfRevenue`	$45.89M	USD	1 Quarter
COST OF REVENUES (exclusive of depreciation and amortization shown below)	`CostOfRevenue`	$187.42M	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	`SellingGeneralAndAdministrativeExpense`	$39.84M	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	`SellingGeneralAndAdministrativeExpense`	$19.32M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	`SellingGeneralAndAdministrativeExpense`	$27.37M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSE	`SellingGeneralAndAdministrativeExpense`	$52.37M	USD	2 Qtrs
INITIAL PUBLIC OFFERING EXPENSE	`InitialPublicOfferingExpense`	$531.00K	USD	2 Qtrs
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$24.04M	USD	2 Qtrs
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.98M	USD	1 Quarter
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.98M	USD	2 Qtrs
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$12.97M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$10.90M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$21.67M	USD	2 Qtrs
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$9.78M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$17.34M	USD	2 Qtrs
(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-17.18M	USD	2 Qtrs
(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-7.12M	USD	1 Quarter
(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-15.45M	USD	2 Qtrs
(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-5.21M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-7.90M	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-819.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$21.93M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-1.39M	USD	2 Qtrs
Interest expensenet	`InterestIncomeExpenseNet`	$-9.49M	USD	2 Qtrs
Interest expensenet	`InterestIncomeExpenseNet`	$-7.85M	USD	2 Qtrs
Interest expensenet	`InterestIncomeExpenseNet`	$-5.26M	USD	1 Quarter
Interest expensenet	`InterestIncomeExpenseNet`	$-6.80M	USD	1 Quarter
Total other (expenses) incomenet	`NonoperatingIncomeExpense`	$-7.62M	USD	1 Quarter
Total other (expenses) incomenet	`NonoperatingIncomeExpense`	$-15.75M	USD	2 Qtrs
Total other (expenses) incomenet	`NonoperatingIncomeExpense`	$-10.88M	USD	2 Qtrs
Total other (expenses) incomenet	`NonoperatingIncomeExpense`	$16.67M	USD	1 Quarter
LOSS BEFORE (BENEFIT) EXPENSE FROM INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-26.33M	USD	2 Qtrs
LOSS BEFORE (BENEFIT) EXPENSE FROM INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.46M	USD	1 Quarter
LOSS BEFORE (BENEFIT) EXPENSE FROM INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.94M	USD	2 Qtrs
LOSS BEFORE (BENEFIT) EXPENSE FROM INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.74M	USD	1 Quarter
INCOME TAXES BENEFIT	`IncomeTaxExpenseBenefit`	$-254.00K	USD	2 Qtrs
INCOME TAXES BENEFIT	`IncomeTaxExpenseBenefit`	$-256.00K	USD	1 Quarter
INCOME TAXES BENEFIT	`IncomeTaxExpenseBenefit`	$-4.91M	USD	2 Qtrs
INCOME TAXES BENEFIT	`IncomeTaxExpenseBenefit`	$-1.76M	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-41.25M	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-28.02M	USD	2 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-26.08M	USD	2 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-14.48M	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$13.22M	USD	1 Quarter
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$57.00K	USD	2 Qtrs
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-53.00K	USD	2 Qtrs
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-90.00K	USD	1 Quarter
EQUITY ADJUSTMENT FROM FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$28.00K	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$13.13M	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-26.02M	USD	2 Qtrs
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-14.46M	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-28.08M	USD	2 Qtrs
ACCRETION OF REDEEMABLE SERIES A-1 PREFERRED STOCK	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$5.64M	USD	1 Quarter
ACCRETION OF REDEEMABLE SERIES A-1 PREFERRED STOCK	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$11.06M	USD	2 Qtrs
CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK DIVIDEND	`PreferredStockDividendsIncomeStatementImpact`	$4.10M	USD	1 Quarter
CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK DIVIDEND	`PreferredStockDividendsIncomeStatementImpact`	$8.20M	USD	2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$7.58M	USD	1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-39.08M	USD	2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-34.28M	USD	2 Qtrs
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-18.58M	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	25.59M	shares	2 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	9.72M	shares	2 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	26.06M	shares	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS BASIC	`EarningsPerShareBasic`	$-0.71	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS BASIC	`EarningsPerShareBasic`	$-1.34	USD	2 Qtrs
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS BASIC	`EarningsPerShareBasic`	$-4.02	USD	2 Qtrs
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS BASIC	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.59M	shares	2 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.72M	shares	2 Qtrs
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.06M	shares	1 Quarter
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.14M	shares	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS DILUTED	`EarningsPerShareDiluted`	$-0.71	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS DILUTED	`EarningsPerShareDiluted`	$-4.02	USD	2 Qtrs
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS DILUTED	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS DILUTED	`EarningsPerShareDiluted`	$-1.34	USD	2 Qtrs

Cash Flow Statement 102 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-26.08M	USD	2 Qtrs
Net loss	`ProfitLoss`	$13.22M	USD	1 Quarter
Net loss	`ProfitLoss`	$-28.02M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-14.48M	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$590.00K	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$4.53M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.30M	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$6.26M	USD	2 Qtrs
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$10.90M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$21.67M	USD	2 Qtrs
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$9.78M	USD	1 Quarter
DEPRECIATION AND AMORTIZATION	`DepreciationAndAmortization`	$17.34M	USD	2 Qtrs
Amortization of right-of-use asset	`OperatingAndFinanceLeaseRightOfUseAssetAmortization`	$4.03M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.42M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.14M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.29M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.22M	USD	2 Qtrs
Fair value changes in embedded derivatives	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-1.12M	USD	2 Qtrs
Fair value changes in embedded derivatives	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-7.78M	USD	2 Qtrs
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$24.04M	USD	2 Qtrs
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.98M	USD	1 Quarter
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.98M	USD	2 Qtrs
FAIR VALUE CHANGES IN BUSINESS ACQUISITIONS CONTINGENT CONSIDERATION	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$12.97M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.91M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-254.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$87.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-983.00K	USD	2 Qtrs
Debt extinguishment costs	`GainsLossesOnExtinguishmentOfDebt`	$-4.05M	USD	2 Qtrs
Accounts receivable and contract assets	`IncreaseDecreaseInReceivables`	$-7.43M	USD	2 Qtrs
Accounts receivable and contract assets	`IncreaseDecreaseInReceivables`	$31.01M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.32M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$789.00K	USD	2 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.79M	USD	2 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.30M	USD	2 Qtrs
Accrued payroll and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.85M	USD	2 Qtrs
Accrued payroll and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.89M	USD	2 Qtrs
Payment of contingent consideration and other assumed purchase price obligations	`IncreaseDecreaseInPaymentOfContingentConsiderationAndOtherAssumedPurchasePriceObligations`	$-6.17M	USD	2 Qtrs
Payment of contingent consideration and other assumed purchase price obligations	`IncreaseDecreaseInPaymentOfContingentConsiderationAndOtherAssumedPurchasePriceObligations`	$-15.55M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$107.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.35M	USD	2 Qtrs
Change in operating leases	`IncreaseDecreaseInOperatingLeases`	$-3.94M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.05M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.58M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.16M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.35M	USD	2 Qtrs
Proprietary software development and other software costs	`PaymentsToAcquireIntangibleAssets`	$155.00K	USD	2 Qtrs
Proprietary software development and other software costs	`PaymentsToAcquireIntangibleAssets`	$208.00K	USD	2 Qtrs
Purchase price true ups	`PaymentForPurchasePriceTrueUps`	$8.38M	USD	2 Qtrs
Proceeds from net working capital adjustment related to acquisitions	`ProceedsFromNetWorkingCapitalAdjustmentRelatedToAcquisitions`	$2.82M	USD	2 Qtrs
Cash paid for acquisitionsnet of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$14.88M	USD	2 Qtrs
Cash paid for acquisitionsnet of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$173.47M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-173.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.82M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$105.00M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$104.39M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$176.98M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$40.00M	USD	2 Qtrs
Proceeds from term loans	`ProceedsFromLongTermLinesOfCredit`	$175.00M	USD	2 Qtrs
Proceeds from term loans	`ProceedsFromLongTermLinesOfCredit`	$175.00M	USD	2 Qtrs
Repayment of term loan	`RepaymentsOfLongTermLinesOfCredit`	$48.75M	USD	2 Qtrs
Repayment of term loan	`RepaymentsOfLongTermLinesOfCredit`	$173.91M	USD	2 Qtrs
Payment of contingent consideration and other purchase price obligations	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$9.61M	USD	2 Qtrs
Payment of contingent consideration and other purchase price obligations	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$6.00M	USD	2 Qtrs
Repayment of finance leases	`RepaymentOfFinanceLeases`	$1.14M	USD	2 Qtrs
Repayment of finance leases	`RepaymentOfFinanceLeases`	$1.25M	USD	2 Qtrs
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$1.46M	USD	2 Qtrs
Prepayment premium on credit facility	`PrepaymentProceedsFromPremiumOnCreditFacility`	$351.00K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.59M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$4.87M	USD	2 Qtrs
Proceeds from issuance of common stock for exercised stock options	`ProceedsFromStockOptionsExercised`	$3.09M	USD	2 Qtrs
Proceeds from issuance of common stock for exercised stock options	`ProceedsFromStockOptionsExercised`	$21.00K	USD	2 Qtrs
Issuance of convertible and redeemable Series A-2 preferred stock and warrant	`ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants`	$173.66M	USD	2 Qtrs
Dividend payment to the Series A-2 shareholders	`PaymentsOfDividends`	$8.20M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$47.64M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$213.41M	USD	2 Qtrs
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.78M	USD	2 Qtrs
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$37.86M	USD	2 Qtrs
Foreign exchange impact on cash balance	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$71.00K	USD	2 Qtrs
Foreign exchange impact on cash balance	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$526.00K	USD	2 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.19M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$44.81M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.88M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$40.19M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$44.81M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.88M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.40M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$6.54M	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$305.00K	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$72.00K	USD	2 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$814.00K	USD	2 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$907.00K	USD	2 Qtrs
Property and equipment purchased under finance leases	`NonCashPropertyAndEquipmentPurchasedUnderFinanceLeases`	$1.70M	USD	2 Qtrs
Property and equipment purchased under finance leases	`NonCashPropertyAndEquipmentPurchasedUnderFinanceLeases`	$1.77M	USD	2 Qtrs
Accretion of the redeemable series A-1 preferred stock to redeemable value	`NonCashAccretionOfRedeemableSeriesA1PreferredStockToRedeemableValue`	$11.06M	USD	2 Qtrs
Common stock issued to acquire new businesses	`NonCashCommonStockIssuedToAcquireNewBusinesses`	$25.00M	USD	2 Qtrs
Common stock issued to acquire new businesses	`NonCashCommonStockIssuedToAcquireNewBusinesses`	$2.75M	USD	2 Qtrs
Acquisitions unpaid contingent consideration	`NonCashAcquisitionsUnpaidContingentLiabilities`	$44.99M	USD	2 Qtrs
Acquisitions unpaid contingent consideration	`NonCashAcquisitionsUnpaidContingentLiabilities`	$31.15M	USD	2 Qtrs
Offering costs included in accounts payable and other accrued liabilities	`NonCashOfferingCostsIncludedInAccountsPayableAndOtherAccruedLiabilities`	$941.00K	USD	2 Qtrs
Acquisitions contingent consideration paid in shares	`NonCashAcquisitionsContingentConsiderationPaidInShares`	$25.00M	USD	2 Qtrs

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$137.15M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-26.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$139.06M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-38.12M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$127.74M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-71.77M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-41.25M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-28.02M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-26.08M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.48M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$13.22M	USD	1 Quarter
Accretion of the redeemable series A-1 preferred stock to redeemable value	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$5.42M	USD	1 Quarter
Accretion of the redeemable series A-1 preferred stock to redeemable value	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$-5.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.42M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.15M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.14M	USD	1 Quarter
Dividend payment to the Series A-2 preferred shareholders	`DividendsPreferredStock`	$4.10M	USD	1 Quarter
Dividend payment to the Series A-2 preferred shareholders	`DividendsPreferredStock`	$4.10M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$25.02M	USD	2 Qtrs
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$31.92M	USD	2 Qtrs
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$4.46M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$27.46M	USD	1 Quarter
Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$25.02M	USD	1 Quarter
Common stock issued, shares	`StockIssuedDuringPeriodSharesNewIssues`	794,639.00	shares	1 Quarter
Common stock issued, shares	`StockIssuedDuringPeriodSharesNewIssues`	669,331.00	shares	1 Quarter
Common stock issued, shares	`StockIssuedDuringPeriodSharesNewIssues`	794,639.00	shares	2 Qtrs
Common stock issued, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.18M	shares	2 Qtrs
Accumulated other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$37.00K	USD	1 Quarter
Accumulated other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$28.00K	USD	1 Quarter
Accumulated other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-90.00K	USD	1 Quarter
Accumulated other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$137.15M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-26.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$139.06M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-38.12M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$127.74M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-71.77M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.