10-Q Filing

UBIQUITI INC. CIK: 1511737 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-201585`
Period End Date	20120331
Filing Date	20120502
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	ubnt-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 75 Cash Flow Statement 59 Stockholders Equity 15

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.27M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$596.00K	USD	Point-in-time
Redeemable convertible preferred stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.49M	USD	Point-in-time
Redeemable convertible preferred stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.36M	USD	Point-in-time
Redeemable convertible preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	36.03M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,266 and $596, respectively	`AccountsReceivableNetCurrent`	$68.53M	USD	Point-in-time
Redeemable convertible preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	36.03M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,266 and $596, respectively	`AccountsReceivableNetCurrent`	$39.81M	USD	Point-in-time
Inventories	`InventoryNet`	$5.66M	USD	Point-in-time
Redeemable convertible preferred stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Redeemable convertible preferred stock, shares issued	`TemporaryEquitySharesIssued`	36.03M	shares	Point-in-time
Inventories	`InventoryNet`	$9.11M	USD	Point-in-time
Deferred cost of revenues	`DeferredCostsCurrent`	$881.00K	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Deferred cost of revenues	`DeferredCostsCurrent`	$922.00K	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`TemporaryEquitySharesOutstanding`	36.03M	shares	Point-in-time
Redeemable convertible preferred stock, maximum liquidation preference	`TemporaryEquityLiquidationPreference`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.39M	USD	Point-in-time
Redeemable convertible preferred stock, maximum liquidation preference	`TemporaryEquityLiquidationPreference`	$145.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.78M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$128.10M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.69M	shares	Point-in-time
Long-term deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$324.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	91.87M	shares	Point-in-time
Long-term deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$324.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	39.08M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.23M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	39.08M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$401.00K	USD	Point-in-time
Total assets	`Assets`	$177.51M	USD	Point-in-time
Total assets	`Assets`	$131.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.76M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.68M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.07M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.48M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$1.73M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$4.43M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$3.59M	USD	Point-in-time
Debt - short-term	`ShortTermBorrowings`	$6.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$15.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.80M	USD	Point-in-time
Income and deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.87M	USD	Point-in-time
Income and deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.87M	USD	Point-in-time
Debt - long-term	`LongTermDebtNoncurrent`	$24.36M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$123.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$32.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$39.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$74.13M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable convertible preferred stock-$0.001 par value; 36,034,630 shares authorized:Zero and 36,034,630 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively; maximum liquidation preference of $0 and $145,847 as of March 31, 2012 and June 30, 2011, respectively	`TemporaryEquityCarryingAmount`	$145.85M	USD	Point-in-time
Common stock-$0.001 par value; 150,000,000 shares authorized: 91,869,973, and 62,685,955 outstanding at March 31, 2012 and June 30, 2011, respectively	`CommonStockValue`	$63.00K	USD	Point-in-time
Common stock-$0.001 par value; 150,000,000 shares authorized: 91,869,973, and 62,685,955 outstanding at March 31, 2012 and June 30, 2011, respectively	`CommonStockValue`	$92.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$545.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$129.90M	USD	Point-in-time
Treasury stock-39,079,910 shares held in treasury at March 31, 2012 and June 30, 2011	`TreasuryStockValue`	$69.52M	USD	Point-in-time
Treasury stock-39,079,910 shares held in treasury at March 31, 2012 and June 30, 2011	`TreasuryStockValue`	$69.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$42.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.04M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$103.39M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-53.87M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$177.51M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$131.68M	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$258.65M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$51.15M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$91.67M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$130.32M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$52.01M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$148.69M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$77.55M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$30.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.77M	USD	3 Qtrs
Gross profit	`GrossProfit`	$109.96M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.67M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$4.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.04M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.88M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.31M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.06M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.48M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.82M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.35M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.73M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$7.10M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$91.23M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$39.43M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$32.56M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.28M	USD	1 Quarter
Interest income (expense) and other, net	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Interest income (expense) and other, net	`InvestmentIncomeInterest`	$50.00K	USD	3 Qtrs
Interest income (expense) and other, net	`InvestmentIncomeInterest`	$-1.14M	USD	3 Qtrs
Interest income (expense) and other, net	`InvestmentIncomeInterest`	$-190.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$90.10M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.29M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$39.48M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.99M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.89M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$27.92M	USD	1 Quarter
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$8.15M	USD	1 Quarter
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$14.55M	USD	3 Qtrs
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$112.43M	USD	3 Qtrs
Less allocation of net income to participating preferred stockholders	`LessAllocationOfNetIncomeToParticipatingPreferredStockholders`	$6.19M	USD	3 Qtrs
Less allocation of net income to participating preferred stockholders	`LessAllocationOfNetIncomeToParticipatingPreferredStockholders`	$1.78M	USD	1 Quarter
Net income (loss) attributable to common stockholders-basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.10M	USD	1 Quarter
Net income (loss) attributable to common stockholders-basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-38.33M	USD	3 Qtrs
Net income (loss) attributable to common stockholders-basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$27.92M	USD	1 Quarter
Net income (loss) attributable to common stockholders-basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.86M	USD	3 Qtrs
Undistributed earnings re-allocated to common stockholders	`UndistributedEarnings`	$227.00K	USD	3 Qtrs
Undistributed earnings re-allocated to common stockholders	`UndistributedEarnings`	$71.00K	USD	1 Quarter
Net income (loss) attributable to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$11.08M	USD	3 Qtrs
Net income (loss) attributable to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$27.92M	USD	1 Quarter
Net income (loss) attributable to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$3.17M	USD	1 Quarter
Net income (loss) attributable to common stockholders-diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-38.33M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.48	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.17	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.48	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	63.24M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	62.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.65M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	91.86M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	80.65M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.02M	shares	3 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$27.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$394.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$135.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$508.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$505.00K	USD	3 Qtrs
Excess tax benefit from employee stock-based awards	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$-11.42M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$676.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.03M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-200.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$670.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.73M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.39M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$739.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.95M	USD	3 Qtrs
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$-3.36M	USD	3 Qtrs
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$41.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.76M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.71M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.32M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.78M	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.13M	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.42M	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$741.00K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-4.25M	USD	3 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.70M	USD	3 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-7.89M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$54.66M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.70M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$440.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-440.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.62M	USD	3 Qtrs
Proceeds from term loan, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$34.82M	USD	3 Qtrs
Payments on term loan balance	`PaymentsForLoans`	$3.50M	USD	3 Qtrs
Repurchase of Series A convertible preferred stock	`PaymentsForRepurchaseOfConvertiblePreferredStock`	$108.00M	USD	3 Qtrs
Issuance of convertible subordinated promissory notes	`ProceedsFromIssuanceOfSubordinatedLongTermDebt`	$68.00M	USD	3 Qtrs
Payment of convertible subordinated promissory notes	`PaymentOfConvertibleSubordinatedPromissoryNotes`	$68.00M	USD	3 Qtrs
Proceeds from shares issued in initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$32.44M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$567.00K	USD	3 Qtrs
Payment of deemed dividend on Series A convertible preferred warrants	`PaymentOfDeemedDividendOnSeriesConvertiblePreferredWarrants`	$-3.00M	USD	3 Qtrs
Other repurchases of common stock and outstanding awards	`PaymentsForRepurchaseOfCommonStock`	$7.25M	USD	3 Qtrs
Excess tax benefit from employee stock-based awards	`ExcessTaxBenefitFromEmployeeStockBasedAwards`	$11.42M	USD	3 Qtrs
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$896.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.25M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.15M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.07M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.84M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$71.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$71.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.36M	USD	Point-in-time
Conversion of preferred stock into common stock in conjunction with initial public offering	`ConversionOfPreferredStockIntoCommonStockInConjunctionWithInitialPublicOffering`	$150.28M	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$103.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$-53.87M	USD	Point-in-time
Net income	`NetIncomeLoss`	$13.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$31.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$27.92M	USD	1 Quarter
Accretion of costs of Series A convertible preferred stock	`PreferredStockAccretionOfRedemptionDiscount`	$111.53M	USD	3 Qtrs
Dividend on Series A convertible preferred stock	`DividendsPreferredStock`	$896.00K	USD	3 Qtrs
Conversion of preferred stock into common stock in conjunction with initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$150.28M	USD	3 Qtrs
Issuance of common stock pursuant to initial public offering, net of offering expenses	`StockIssuedDuringPeriodValueNewIssues`	$30.45M	USD	3 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$567.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.03M	USD	3 Qtrs
Tax impact of employee stock transactions	`IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions`	$-13.26M	USD	3 Qtrs
Balances	`StockholdersEquity`	$103.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$-53.87M	USD	Point-in-time

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