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Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 33,800,000 [1] $ 11,279,000 [2] $ 81,851,000 [2] $ 33,361,000 [2]
Costs and operating expenses:        
Research and development 3,219,000 1,725,000 8,250,000 4,865,000
Sales and marketing 4,065,000 1,588,000 9,228,000 4,530,000
General and administrative 10,081,000 3,503,000 22,058,000 9,916,000
Intangible asset amortization 2,525,000 706,000 5,340,000 2,100,000
Acquisition costs 345,000 179,000 1,616,000 417,000
Change in fair value of contingent consideration (140,000) (2,000) 1,086,000 (1,528,000)
Total operating expenses 44,959,000 12,525,000 98,546,000 34,193,000
Operating loss (11,159,000) (1,246,000) (16,695,000) (832,000)
Other income (expense):        
Change in fair value of warrant liability 0 (1,005,000) (121,000) 4,467,000
Change in fair value of investments 0 1,110,000 0 1,110,000
Interest (expense) income, net (194,000) 13,000 (331,000) 59,000
Other expense (7,000) (5,000) (7,000) (9,000)
Gain on acquisition of Sexton Biotechnologies, Inc. 6,451,000 0 6,451,000 0
Total other income, net 6,250,000 113,000 5,992,000 5,627,000
(Loss) income before income tax benefit (4,909,000) (1,133,000) (10,703,000) 4,795,000
Income tax benefit 4,988,000 0 17,540,000 0
Net income (loss) 79,000 (1,133,000) 6,837,000 4,795,000
Net income (loss) attributable to common shareholders:        
Basic 77,000 (1,133,000) 6,621,000 4,322,000
Diluted $ 77,000 $ (1,133,000) $ 6,628,000 $ 279,000
Basic (in dollars per share) $ 0.00 $ (0.04) $ 0.18 $ 0.17
Diluted (in dollars per share) $ 0.00 $ (0.04) $ 0.17 $ 0.01
Weighted average shares used to compute earnings (loss) per share attributable to common shareholders:        
Basic (in shares) 40,911,801 31,639,420 37,435,224 25,418,375
Diluted (in shares) 43,296,470 31,639,420 39,984,923 29,412,538
Product [Member]        
Revenue $ 29,201,000 $ 10,804,000 $ 70,445,000 $ 32,020,000
Costs and operating expenses:        
Cost of goods and services 21,672,000 4,402,000 43,280,000 12,938,000
Service Revenue [Member]        
Revenue 2,250,000 0 6,417,000 0
Costs and operating expenses:        
Cost of goods and services 1,768,000 0 4,548,000 0
Rental Revenue [Member]        
Revenue 2,349,000 475,000 4,989,000 1,341,000
Costs and operating expenses:        
Cost of goods and services $ 1,424,000 $ 424,000 $ 3,140,000 $ 955,000
[1] 2020 revenue includes service revenue related to SciSafe from October 1, 2020 through December 31, 2020.
[2] 2019 revenue includes automated thawing revenue related to Astero from April 1, 2019 through December 31, 2019; evo shipper rental revenue related to SAVSU from August 8, 2019 through December 31, 2019; and freezer and accessory revenue related to CBS from November 12, 2019 through December 31, 2019.