10-Q Filing

ARRAY TECHNOLOGIES, INC. CIK: 1820721 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001820721-21-000095`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	arry-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 80 Cash Flow Statement 91 Stockholders Equity 34

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Temporary equity, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Authorized temporary equity stock (in shares)	`TemporaryEquitySharesAuthorized`	500,000.00	shares	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	350,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.39M	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.44M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$118.69M	USD	Point-in-time
Temporary equity, liquidation preference	`TemporaryEquityLiquidationPreference`	$352.80M	USD	Point-in-time
Temporary equity, liquidation preference	`TemporaryEquityLiquidationPreference`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$177.46M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$173.13M	USD	Point-in-time
Inventories, net	`InventoryNet`	$118.46M	USD	Point-in-time
Authorized preferred stock (in shares )	`PreferredStockSharesAuthorized`	4.50M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Authorized preferred stock (in shares )	`PreferredStockSharesAuthorized`	4.50M	shares	Point-in-time
Income tax receivables	`IncomeTaxesReceivable`	$17.16M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$18.19M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$12.42M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$375.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$491.62M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.77M	USD	Point-in-time
Authorized common stock (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$10.20M	USD	Point-in-time
Authorized common stock (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Goodwill	`Goodwill`	$69.73M	USD	Point-in-time
Goodwill	`Goodwill`	$69.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	134.87M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	126.99M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$198.26M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$180.63M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.41M	USD	Point-in-time
Total assets	`Assets`	$776.59M	USD	Point-in-time
Total assets	`Assets`	$656.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$82.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.70M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$610.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$2.23M	USD	Point-in-time
Accrued expenses and other	`OtherAccruedLiabilitiesCurrent`	$31.26M	USD	Point-in-time
Accrued expenses and other	`OtherAccruedLiabilitiesCurrent`	$29.16M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$3.02M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$3.05M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$629.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$8.81M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$149.82M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$81.35M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$2.17M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$8.96M	USD	Point-in-time
Current portion of term loan	`LongTermDebtCurrent`	$4.30M	USD	Point-in-time
Current portion of term loan	`LongTermDebtCurrent`	$4.31M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$289.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$214.50M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$6.58M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$13.11M	USD	Point-in-time
Contingent consideration, net of current portion	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$10.74M	USD	Point-in-time
Contingent consideration, net of current portion	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$10.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Long-term debt, net of current portion, debt discount and issuance costs	`LongTermDebtNoncurrent`	$299.21M	USD	Point-in-time
Long-term debt, net of current portion, debt discount and issuance costs	`LongTermDebtNoncurrent`	$423.97M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$447.82M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$319.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$736.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$534.03M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 350,000 and none issued as of September 30, 2021 and December 31, 2020; liquidation preference of $352.8 million and zero at September 30, 2021 and December 31, 2020	`TemporaryEquityCarryingAmountAttributableToParent`	$235.28M	USD	Point-in-time
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 350,000 and none issued as of September 30, 2021 and December 31, 2020; liquidation preference of $352.8 million and zero at September 30, 2021 and December 31, 2020	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 350,000 and none issued as of September 30, 2021 and December 31, 2020; liquidation preference of $352.8 million and zero at September 30, 2021 and December 31, 2020	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Preferred stock of $0.001 par value - 4,500,000 shares authorized; zero issued as of September 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock of $0.001 par value - 4,500,000 shares authorized; zero issued as of September 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 134,869,467 and 126,994,467 shares issued as of September 30, 2021 and December 31, 2020	`CommonStockValue`	$135.00K	USD	Point-in-time
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 134,869,467 and 126,994,467 shares issued as of September 30, 2021 and December 31, 2020	`CommonStockValue`	$127.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$251.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$140.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-244.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.50M	USD	Point-in-time
Total stockholders equity/(deficit)	`StockholdersEquity`	$-68.61M	USD	Point-in-time
Total stockholders equity/(deficit)	`StockholdersEquity`	$7.28M	USD	Point-in-time
Total stockholders equity/(deficit)	`StockholdersEquity`	$-80.90M	USD	Point-in-time
Total liabilities, redeemable perpetual preferred stock and stockholders equity/(deficit)	`LiabilitiesAndStockholdersEquity`	$656.02M	USD	Point-in-time
Total liabilities, redeemable perpetual preferred stock and stockholders equity/(deficit)	`LiabilitiesAndStockholdersEquity`	$776.59M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$640.80M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$192.07M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$139.46M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$692.10M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$112.73M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$182.79M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$560.87M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$524.75M	USD	3 Qtrs
Gross profit	`GrossProfit`	$79.92M	USD	3 Qtrs
Gross profit	`GrossProfit`	$167.35M	USD	3 Qtrs
Gross profit	`GrossProfit`	$26.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.77M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$58.28M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.87M	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.07M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$13.59M	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$936.00K	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.01M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.12M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$31.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$69.90M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$77.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$25.41M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.62M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-16.13M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$97.45M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-5.11M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.16M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-497.00K	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-297.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.31M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$673.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$28.77M	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-29.27M	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-10.48M	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-702.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-13.41M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.54M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-26.64M	USD	3 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.98M	USD	3 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.81M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.99M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-3.96M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.42M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$18.13M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$68.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.55M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.68M	USD	3 Qtrs
Preferred dividends and accretion	`PreferredStockAccretionOfRedemptionDiscount`	$5.48M	USD	3 Qtrs
Preferred dividends and accretion	`PreferredStockAccretionOfRedemptionDiscount`	$5.48M	USD	1 Quarter
Net income (loss) to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$68.84M	USD	3 Qtrs
Net income (loss) to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-31.03M	USD	1 Quarter
Net income (loss) to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-28.16M	USD	3 Qtrs
Net income (loss) to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.23M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.22	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.22	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	130.96M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	119.99M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	119.99M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	128.31M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	119.99M	shares	Point-in-time
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	128.31M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.99M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.96M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.99M	shares	Point-in-time

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$68.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.55M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.68M	USD	3 Qtrs
Provision for (recovery of) bad debts	`ProvisionForDoubtfulAccounts`	$-574.00K	USD	3 Qtrs
Provision for (recovery of) bad debts	`ProvisionForDoubtfulAccounts`	$493.00K	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-3.67M	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-6.53M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.45M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.59M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$13.65M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.16M	USD	3 Qtrs
Interest paid-in-kind	`PaidInKindInterest`	$3.42M	USD	3 Qtrs
Interest paid-in-kind	`PaidInKindInterest`	-	USD	3 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$3.26M	USD	3 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$11.71M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.07M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$13.59M	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$936.00K	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.01M	USD	3 Qtrs
Warranty provision	`ProductWarrantyExpense`	$305.00K	USD	3 Qtrs
Warranty provision	`ProductWarrantyExpense`	$633.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$654.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$2.52M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.34M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.19M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$55.32M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-48.99M	USD	3 Qtrs
Income tax receivables	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.71M	USD	3 Qtrs
Income tax receivables	`IncreaseDecreaseInIncomeTaxesReceivable`	$15.89M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.77M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.22M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$1.95M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-82.28M	USD	3 Qtrs
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-3.69M	USD	3 Qtrs
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-1.62M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$1.68M	USD	3 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$4.64M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.58M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-8.19M	USD	3 Qtrs
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	-	USD	3 Qtrs
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$337.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-284.00M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-68.47M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-165.84M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-226.50M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$610.00K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.25M	USD	3 Qtrs
Investment in equity security	`PaymentsToAcquireEquitySecuritiesFVNI`	$2.00M	USD	Point-in-time
Investment in equity security	`PaymentsToAcquireEquitySecuritiesFVNI`	$10.00M	USD	Point-in-time
Investment in equity security	`PaymentsToAcquireEquitySecuritiesFVNI`	-	USD	3 Qtrs
Investment in equity security	`PaymentsToAcquireEquitySecuritiesFVNI`	$11.97M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.23M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-610.00K	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$32.00K	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$102.00M	USD	3 Qtrs
Principal payments on term loan facility	`RepaymentsOfSecuredDebt`	$100.00M	USD	Point-in-time
Principal payments on term loan facility	`RepaymentsOfSecuredDebt`	$132.15M	USD	3 Qtrs
Principal payments on term loan facility	`RepaymentsOfSecuredDebt`	$57.70M	USD	3 Qtrs
Proceeds from Series A issuance	`ProceedsFromIssuanceOfTemporaryEquity`	-	USD	3 Qtrs
Proceeds from Series A issuance	`ProceedsFromIssuanceOfTemporaryEquity`	$224.99M	USD	3 Qtrs
Proceeds from common stock issuance	`ProceedsFromIssuanceOfCommonStock`	$120.64M	USD	3 Qtrs
Proceeds from common stock issuance	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Series A equity issuance costs	`PaymentOfTemporaryEquityIssuanceCosts`	-	USD	3 Qtrs
Series A equity issuance costs	`PaymentOfTemporaryEquityIssuanceCosts`	$7.20M	USD	3 Qtrs
Common stock issuance costs	`PaymentsOfCommonStockIssuanceCosts`	$3.87M	USD	3 Qtrs
Common stock issuance costs	`PaymentsOfCommonStockIssuanceCosts`	-	USD	3 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$102.00M	USD	Point-in-time
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$102.00M	USD	3 Qtrs
Payments on related party loans	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Payments on related party loans	`RepaymentsOfRelatedPartyDebt`	$45.56M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsSettlementsOfContingentConsiderationLiability`	-	USD	1 Quarter
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsSettlementsOfContingentConsiderationLiability`	-	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsiderationArrangementsSettlementsOfContingentConsiderationLiability`	$7.81M	USD	3 Qtrs
Deferred offering costs	`PaymentOfDeferredOfferingCosts`	-	USD	3 Qtrs
Deferred offering costs	`PaymentOfDeferredOfferingCosts`	$3.77M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$6.59M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-107.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$188.01M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.95M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-334.11M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$361.26M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.44M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$116.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$361.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$108.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$116.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.14M	USD	Point-in-time

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Beginning temporary equity shares balance (in shares)	`TemporaryEquitySharesOutstanding`	350,000.00	shares	Point-in-time
Beginning temporary equity shares balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning temporary equity shares balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$235.28M	USD	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Temporary equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Temporary equity issued (in shares)	`TemporaryEquityStockIssuedDuringPeriodSharesNewIssues`	350,000.00	shares	1 Quarter
Temporary equity issued (in shares)	`TemporaryEquityStockIssuedDuringPeriodSharesNewIssues`	350,000.00	shares	3 Qtrs
Issuance of Series A Preferred, net of fees	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$229.80M	USD	3 Qtrs
Issuance of Series A Preferred, net of fees	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$229.80M	USD	1 Quarter
Preferred cumulative dividends plus accretion	`TemporaryEquityAccretionOfDividends`	$5.48M	USD	1 Quarter
Preferred cumulative dividends plus accretion	`TemporaryEquityAccretionOfDividends`	$5.48M	USD	3 Qtrs
Ending temporary equity shares balance (in shares)	`TemporaryEquitySharesOutstanding`	350,000.00	shares	Point-in-time
Ending temporary equity shares balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending temporary equity shares balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$235.28M	USD	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Temporary equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Stockholders' equity beginning balance	`StockholdersEquity`	$-68.61M	USD	Point-in-time
Stockholders' equity beginning balance	`StockholdersEquity`	$7.28M	USD	Point-in-time
Stockholders' equity beginning balance	`StockholdersEquity`	$-80.90M	USD	Point-in-time
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.16M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.58M	USD	3 Qtrs
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$104.76M	USD	3 Qtrs
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$104.76M	USD	1 Quarter
Preferred cumulative dividends plus accretion	`PreferredStockAccretionOfRedemptionDiscount`	$5.48M	USD	3 Qtrs
Preferred cumulative dividends plus accretion	`PreferredStockAccretionOfRedemptionDiscount`	$5.48M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$68.84M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.55M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.68M	USD	3 Qtrs
Stockholders' equity ending balance	`StockholdersEquity`	$-68.61M	USD	Point-in-time
Stockholders' equity ending balance	`StockholdersEquity`	$7.28M	USD	Point-in-time
Stockholders' equity ending balance	`StockholdersEquity`	$-80.90M	USD	Point-in-time

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