XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues, net:        
Revenue $ 77,860,000 $ 54,847,000 $ 201,277,000 $ 155,270,000
Costs of sales:        
Cost of sales 59,646,000 43,176,000 157,760,000 123,473,000
Gross margin 18,214,000 11,671,000 43,517,000 31,797,000
Operating expenses:        
Selling, general and administrative 21,662,000 10,512,000 59,145,000 31,988,000
Research and development 10,122,000 4,210,000 24,574,000 13,613,000
Amortization of identifiable intangible assets 539,000 257,000 1,303,000 677,000
Adjustment to contingent consideration liability 0 (2,310,000) 0 (2,310,000)
Gain on insurance proceeds 0 0 (4,400,000) 0
Operating expenses 32,323,000 12,669,000 80,622,000 43,968,000
Operating loss (14,109,000) (998,000) (37,105,000) (12,171,000)
Other expense, net (539,000) (486,000) (931,000) (1,250,000)
Interest expense, net (5,406,000) (2,235,000) (12,503,000) (6,318,000)
Loss on extinguishment of debt (11,916,000) 0 (11,916,000) (8,123,000)
Loss before benefit from income taxes (31,970,000) (3,719,000) (62,455,000) (27,862,000)
Benefit from income taxes 37,000 8,000 12,295,000 4,265,000
Net loss $ (31,933,000) $ (3,711,000) $ (50,160,000) $ (23,597,000)
Net loss per share, basic (in dollars per share) $ (1.23) $ (0.20) $ (2.05) $ (1.30)
Net loss per share, diluted (in dollars per share) $ (1.23) $ (0.20) $ (2.05) $ (1.30)
Weighted average shares outstanding, basic (in shares) 25,998 18,250 24,485 18,145
Weighted average shares outstanding, diluted (in shares) 25,998 18,250 24,485 18,145
Product        
Revenues, net:        
Revenue $ 30,291,000 $ 20,470,000 $ 72,786,000 $ 51,437,000
Costs of sales:        
Cost of sales 22,786,000 15,995,000 56,158,000 40,882,000
Service        
Revenues, net:        
Revenue 29,530,000 16,877,000 74,743,000 50,952,000
Costs of sales:        
Cost of sales 20,792,000 11,252,000 52,427,000 33,810,000
Contract        
Revenues, net:        
Revenue 18,039,000 17,500,000 53,748,000 52,881,000
Costs of sales:        
Cost of sales $ 16,068,000 $ 15,929,000 $ 49,175,000 $ 48,781,000