10-K Filing

GIGACLOUD TECHNOLOGY INC CIK: 1857816 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001857816-24-000066`
Period End Date	20231231
Filing Date	20240327
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	gct-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 81 Cash Flow Statement 122 Stockholders Equity 31

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.53M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$183.28M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$885.00K	USD	Point-in-time
Accounts payable (including accounts payable of VIEs without recourse to the Company of $4,185 and $11,563 as of December 31, 2022 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$31.57M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Accounts payable (including accounts payable of VIEs without recourse to the Company of $4,185 and $11,563 as of December 31, 2022 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$69.76M	USD	Point-in-time
Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $385 and $736 as of December 31, 2022 and December 31, 2023, respectively)	`ContractWithCustomerLiabilityCurrent`	$2.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$58.88M	USD	Point-in-time
Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $385 and $736 as of December 31, 2022 and December 31, 2023, respectively)	`ContractWithCustomerLiabilityCurrent`	$5.54M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$27.14M	USD	Point-in-time
Inventories	`InventoryNet`	$132.25M	USD	Point-in-time
Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $1,864 and $1,305 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityCurrent`	$27.65M	USD	Point-in-time
Inventories	`InventoryNet`	$78.34M	USD	Point-in-time
Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $1,864 and $1,305 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityCurrent`	$57.95M	USD	Point-in-time
Income tax payable (including income tax payable of VIEs without recourse to the Company of $280 and $3,644 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedIncomeTaxes`	$15.21M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.57M	USD	Point-in-time
Income tax payable (including income tax payable of VIEs without recourse to the Company of $280 and $3,644 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedIncomeTaxes`	$4.14M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$392.81M	USD	Point-in-time
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $442 and $2,774 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedLiabilitiesAndOtherCurrentLiabilities`	$57.32M	USD	Point-in-time
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $442 and $2,774 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedLiabilitiesAndOtherCurrentLiabilities`	$37.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$258.12M	USD	Point-in-time
Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $3,322 and $553 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityNoncurrent`	$343.51M	USD	Point-in-time
Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $3,322 and $553 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityNoncurrent`	$116.56M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$398.92M	USD	Point-in-time
Treasury stock held (in shares)	`TreasuryStockCommonShares`	294,029.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$144.17M	USD	Point-in-time
Treasury stock held (in shares)	`TreasuryStockCommonShares`	4.62M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.05M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.37M	USD	Point-in-time
Goodwill	`Goodwill`	$12.59M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	11.08M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	11.08M	shares	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.44M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$75.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.17M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.18M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$454.10M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$160.48M	USD	Point-in-time
Total assets	`Assets`	$846.91M	USD	Point-in-time
Total assets	`Assets`	$418.60M	USD	Point-in-time
Current portion of long-term borrowings	`DebtCurrent`	-	USD	Point-in-time
Current portion of long-term borrowings	`DebtCurrent`	$207.00K	USD	Point-in-time
Accounts payable (including accounts payable of VIEs without recourse to the Company of $4,185 and $11,563 as of December 31, 2022 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$31.57M	USD	Point-in-time
Accounts payable (including accounts payable of VIEs without recourse to the Company of $4,185 and $11,563 as of December 31, 2022 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$69.76M	USD	Point-in-time
Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $385 and $736 as of December 31, 2022 and December 31, 2023, respectively)	`ContractWithCustomerLiabilityCurrent`	$5.54M	USD	Point-in-time
Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $385 and $736 as of December 31, 2022 and December 31, 2023, respectively)	`ContractWithCustomerLiabilityCurrent`	$2.00M	USD	Point-in-time
Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $1,864 and $1,305 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityCurrent`	$27.65M	USD	Point-in-time
Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $1,864 and $1,305 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityCurrent`	$57.95M	USD	Point-in-time
Income tax payable (including income tax payable of VIEs without recourse to the Company of $280 and $3,644 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedIncomeTaxes`	$15.21M	USD	Point-in-time
Income tax payable (including income tax payable of VIEs without recourse to the Company of $280 and $3,644 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedIncomeTaxes`	$4.14M	USD	Point-in-time
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $442 and $2,774 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedLiabilitiesAndOtherCurrentLiabilities`	$37.06M	USD	Point-in-time
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $442 and $2,774 as of December 31, 2022 and December 31, 2023, respectively)	`AccruedLiabilitiesAndOtherCurrentLiabilities`	$57.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$205.77M	USD	Point-in-time
Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $3,322 and $553 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityNoncurrent`	$343.51M	USD	Point-in-time
Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $3,322 and $553 as of December 31, 2022 and December 31, 2023, respectively)	`OperatingLeaseLiabilityNoncurrent`	$116.56M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.79M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$472.00K	USD	Point-in-time
Finance lease obligations, non-current	`FinanceLeaseLiabilityNoncurrent`	$867.00K	USD	Point-in-time
Finance lease obligations, non-current	`FinanceLeaseLiabilityNoncurrent`	$111.00K	USD	Point-in-time
Non-current income tax payable	`AccruedIncomeTaxesNoncurrent`	$3.30M	USD	Point-in-time
Non-current income tax payable	`AccruedIncomeTaxesNoncurrent`	$2.89M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$120.80M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$350.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$556.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$223.44M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Treasury shares, at cost (4,624,039 and 294,029 shares held as of December 31, 2022 and December 31, 2023, respectively)	`TreasuryStockValue`	$1.59M	USD	Point-in-time
Treasury shares, at cost (4,624,039 and 294,029 shares held as of December 31, 2022 and December 31, 2023, respectively)	`TreasuryStockValue`	$231.00K	USD	Point-in-time
Subscription receivable from ordinary shares	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$81.00K	USD	Point-in-time
Subscription receivable from ordinary shares	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$109.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$111.74M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$804.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$526.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$177.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$83.59M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$195.16M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$290.42M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$846.91M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$418.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	11.08M	shares	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive income (loss), tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Other comprehensive income (loss), tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Other comprehensive income (loss), tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Revenues	`Revenues`	$414.20M	USD	Annual
Revenues	`Revenues`	$490.07M	USD	Annual
Revenues	`Revenues`	$703.83M	USD	Annual
Cost of revenues	`CostOfRevenues`	$515.20M	USD	Annual
Cost of revenues	`CostOfRevenues`	$324.60M	USD	Annual
Cost of revenues	`CostOfRevenues`	$406.96M	USD	Annual
Gross profit	`GrossProfit`	$89.60M	USD	Annual
Gross profit	`GrossProfit`	$83.11M	USD	Annual
Gross profit	`GrossProfit`	$188.63M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$41.39M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$24.04M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$25.73M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$22.63M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$30.01M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$24.52M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$3.92M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$1.43M	USD	Annual
Losses on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Losses on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.24M	USD	Annual
Losses on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$78.56M	USD	Annual
Total operating expenses	`OperatingExpenses`	$48.09M	USD	Annual
Total operating expenses	`OperatingExpenses`	$50.24M	USD	Annual
Operating income	`OperatingIncomeLoss`	$39.35M	USD	Annual
Operating income	`OperatingIncomeLoss`	$110.08M	USD	Annual
Operating income	`OperatingIncomeLoss`	$35.02M	USD	Annual
Interest expense	`InterestExpense`	$568.00K	USD	Annual
Interest expense	`InterestExpense`	$1.24M	USD	Annual
Interest expense	`InterestExpense`	$309.00K	USD	Annual
Interest income	`GainLossOnInvestments`	$472.00K	USD	Annual
Interest income	`GainLossOnInvestments`	$3.30M	USD	Annual
Interest income	`GainLossOnInvestments`	$537.00K	USD	Annual
Foreign currency exchange gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.09M	USD	Annual
Foreign currency exchange gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.85M	USD	Annual
Foreign currency exchange gains (losses), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.01M	USD	Annual
Government grants	`IncomeFromGovernmentGrants`	$911.00K	USD	Annual
Government grants	`IncomeFromGovernmentGrants`	-	USD	Annual
Government grants	`IncomeFromGovernmentGrants`	$1.08M	USD	Annual
Others, net	`OtherNonoperatingIncomeExpense`	$6.00K	USD	Annual
Others, net	`OtherNonoperatingIncomeExpense`	$156.00K	USD	Annual
Others, net	`OtherNonoperatingIncomeExpense`	$-144.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$115.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.73M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.16M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$20.89M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$8.47M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$7.19M	USD	Annual
Net income	`NetIncomeLoss`	$29.26M	USD	Annual
Net income	`NetIncomeLoss`	$94.11M	USD	Annual
Net income	`NetIncomeLoss`	$23.97M	USD	Annual
Accretion of Redeemable Convertible Preferred Shares	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$1.50M	USD	Annual
Accretion of Redeemable Convertible Preferred Shares	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$941.00K	USD	Annual
Accretion of Redeemable Convertible Preferred Shares	`TemporaryEquityAccretionToRedemptionValueAdjustment`	-	USD	Annual
Net income attributable to ordinary shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.03M	USD	Annual
Net income attributable to ordinary shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$94.11M	USD	Annual
Net income attributable to ordinary shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$27.76M	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-278.00K	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$123.00K	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$969.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-278.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$969.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$123.00K	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$29.38M	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$93.83M	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$24.94M	USD	Annual
Net income per ordinary share, basic (in USD per share)	`EarningsPerShareBasic`	$2.31	USD	Annual
Net income per ordinary share, basic (in USD per share)	`EarningsPerShareBasic`	$0.60	USD	Annual
Net income per ordinary share, basic (in USD per share)	`EarningsPerShareBasic`	$0.88	USD	Annual
Net income per ordinary share, diluted (in USD per share)	`EarningsPerShareDiluted`	$2.30	USD	Annual
Net income per ordinary share, diluted (in USD per share)	`EarningsPerShareDiluted`	$0.60	USD	Annual
Net income per ordinary share, diluted (in USD per share)	`EarningsPerShareDiluted`	$0.88	USD	Annual
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.41M	shares	Annual
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.79M	shares	Annual
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.25M	shares	Annual
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.41M	shares	Annual
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.92M	shares	Annual
Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.25M	shares	Annual

Cash Flow Statement 122 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.26M	USD	Annual
Net income	`NetIncomeLoss`	$94.11M	USD	Annual
Net income	`NetIncomeLoss`	$23.97M	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$87.00K	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$86.00K	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$263.00K	USD	Annual
Inventory write-down	`InventoryWriteDown`	$318.00K	USD	Annual
Inventory write-down	`InventoryWriteDown`	$1.28M	USD	Annual
Inventory write-down	`InventoryWriteDown`	$671.00K	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$398.00K	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$183.00K	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$131.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$9.68M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.50M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$9.20M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.87M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.39M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$775.00K	USD	Annual
Loss from disposal of property and equipment	`GainLossOnDispositionOfAssets1`	$-3.24M	USD	Annual
Loss from disposal of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss from disposal of property and equipment	`GainLossOnDispositionOfAssets1`	$-4.00K	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.39M	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	Annual
Operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.48M	USD	Annual
Unrealized foreign currency exchange gains (losses)	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.01M	USD	Annual
Unrealized foreign currency exchange gains (losses)	`ForeignCurrencyTransactionGainLossUnrealized`	$972.00K	USD	Annual
Unrealized foreign currency exchange gains (losses)	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.13M	USD	Annual
Interest expense of capital leases (ASC 840)	`InterestExpenseOfCapitalLease`	-	USD	Annual
Interest expense of capital leases (ASC 840)	`InterestExpenseOfCapitalLease`	-	USD	Annual
Interest expense of capital leases (ASC 840)	`InterestExpenseOfCapitalLease`	$198.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.90M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.06M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.16M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$47.15M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.79M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$16.51M	USD	Annual
Prepayments and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.72M	USD	Annual
Prepayments and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.25M	USD	Annual
Prepayments and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.38M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.31M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.62M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.02M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$1.47M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$266.00K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.69M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.53M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.98M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.31M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$20.23M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$208.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$14.36M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$133.45M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.66M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.56M	USD	Annual
Cash paid for purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.38M	USD	Annual
Cash paid for purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$709.00K	USD	Annual
Cash paid for purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.82M	USD	Annual
Cash received from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Cash received from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Cash received from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$462.00K	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$86.63M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.55M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-709.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.82M	USD	Annual
Repayment of finance lease obligations	`FinanceLeasePrincipalPayments`	$3.62M	USD	Annual
Repayment of finance lease obligations	`FinanceLeasePrincipalPayments`	$2.21M	USD	Annual
Repayment of finance lease obligations	`FinanceLeasePrincipalPayments`	$2.53M	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$197.00K	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$430.00K	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$312.00K	USD	Annual
Payment of share repurchase	`PaymentsForRepurchaseOfEquity`	$1.59M	USD	Annual
Payment of share repurchase	`PaymentsForRepurchaseOfEquity`	-	USD	Annual
Payment of share repurchase	`PaymentsForRepurchaseOfEquity`	-	USD	Annual
Proceeds from prepaid consideration of restricted shares	`ProceedsFromPrepaidConsiderationOfRestrictedShares`	-	USD	Annual
Proceeds from prepaid consideration of restricted shares	`ProceedsFromPrepaidConsiderationOfRestrictedShares`	$1.58M	USD	Annual
Proceeds from prepaid consideration of restricted shares	`ProceedsFromPrepaidConsiderationOfRestrictedShares`	-	USD	Annual
Proceeds from initial public offering, net of IPO costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from initial public offering, net of IPO costs	`ProceedsFromIssuanceInitialPublicOffering`	$34.24M	USD	Annual
Proceeds from initial public offering, net of IPO costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.96M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.89M	USD	Annual
Effect of foreign currency exchange rate changes on cash and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.11M	USD	Annual
Effect of foreign currency exchange rate changes on cash and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$380.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$190.00K	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.67M	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$81.21M	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$39.09M	USD	Annual
Cash and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.86M	USD	Point-in-time
Cash and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.20M	USD	Point-in-time
Cash and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.17M	USD	Point-in-time
Cash and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.08M	USD	Point-in-time
Cash and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.17M	USD	Point-in-time
Cash and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.20M	USD	Point-in-time
Cash and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.08M	USD	Point-in-time
Cash and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.86M	USD	Point-in-time
Cash paid for interest expense	`InterestPaidNet`	$568.00K	USD	Annual
Cash paid for interest expense	`InterestPaidNet`	$1.24M	USD	Annual
Cash paid for interest expense	`InterestPaidNet`	$309.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$9.51M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$8.54M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$7.02M	USD	Annual
Purchase of property and equipment under finance leases	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	Annual
Purchase of property and equipment under finance leases	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$4.09M	USD	Annual
Purchase of property and equipment under finance leases	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$2.72M	USD	Annual
Share based awards attributable to the IPO where no cash payment is required	`ShareBasedAwardsAttributableToTheIpoWhereNoCashPaymentIsRequired`	-	USD	Annual
Share based awards attributable to the IPO where no cash payment is required	`ShareBasedAwardsAttributableToTheIpoWhereNoCashPaymentIsRequired`	-	USD	Annual
Share based awards attributable to the IPO where no cash payment is required	`ShareBasedAwardsAttributableToTheIpoWhereNoCashPaymentIsRequired`	$807.00K	USD	Annual
Reversal of subscription receivable from ordinary shares	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivableReversed`	-	USD	Annual
Reversal of subscription receivable from ordinary shares	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivableReversed`	$312.00K	USD	Annual
Reversal of subscription receivable from ordinary shares	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivableReversed`	-	USD	Annual
Fair value of assets acquired by acquisition	`FairValueOfAssetsAcquired`	$273.09M	USD	Annual
Fair value of assets acquired by acquisition	`FairValueOfAssetsAcquired`	-	USD	Annual
Fair value of assets acquired by acquisition	`FairValueOfAssetsAcquired`	-	USD	Annual
Cash paid for business combinations and asset purchases	`BusinessCombinationConsiderationTransferred1`	-	USD	Annual
Cash paid for business combinations and asset purchases	`BusinessCombinationConsiderationTransferred1`	$87.57M	USD	Annual
Cash paid for business combinations and asset purchases	`BusinessCombinationConsiderationTransferred1`	-	USD	Annual
Liabilities assumed by acquisition	`LiabilitiesAssumed1`	-	USD	Annual
Liabilities assumed by acquisition	`LiabilitiesAssumed1`	-	USD	Annual
Liabilities assumed by acquisition	`LiabilitiesAssumed1`	$185.52M	USD	Annual

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive income (loss), tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Other comprehensive income (loss), tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Other comprehensive income (loss), tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$61.62M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$195.16M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$99.18M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$290.42M	USD	Point-in-time
Net income	`NetIncomeLoss`	$29.26M	USD	Annual
Net income	`NetIncomeLoss`	$94.11M	USD	Annual
Net income	`NetIncomeLoss`	$23.97M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.89M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.68M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.02M	USD	Annual
Exercise of vested share-based awards (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.59M	shares	Annual
Exercise of vested share-based awards (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	4.56M	shares	Annual
Exercise of vested share-based awards	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Accretion of Series E Preferred Shares	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$1.50M	USD	Annual
Accretion of Series E Preferred Shares	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$941.00K	USD	Annual
Issuance of ordinary shares to the former chief financial officer	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Issuance of ordinary shares to the Trust Holdcos	`StockIssuedDuringPeriodValueIssuedForTrustHoldcos`	-	USD	Annual
Issuance of Class A ordinary shares upon the IPO	`StockIssuedDuringPeriodValueNewIssues`	$33.44M	USD	Annual
Re-designating ordinary shares	`ConversionOfStockAmountConverted1`	-	USD	Annual
Shares held for share-based compensation	`ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAwardValue`	-	USD	Annual
Share repurchase	`TreasuryStockValueAcquiredCostMethod`	$1.59M	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$123.00K	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$969.00K	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-278.00K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$61.62M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$195.16M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$99.18M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$290.42M	USD	Point-in-time

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