10-Q Filing

PERIMETER SOLUTIONS, INC. CIK: 1880319 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001880319-22-000070`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	prm-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 94 Cash Flow Statement 94 Stockholders Equity 37

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00B	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	157.24M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	163.23M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	157.24M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	162.64M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	597,513.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$68.46M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.32M	USD	Point-in-time
Inventories	`InventoryNet`	$123.06M	USD	Point-in-time
Inventories	`InventoryNet`	$110.09M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$816.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$25.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$349.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$59.16M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$62.25M	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Goodwill	`Goodwill`	$1.03B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.10B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.07B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.99M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$2.22M	USD	Point-in-time
Total assets	`Assets`	$2.58B	USD	Point-in-time
Total assets	`Assets`	$2.51B	USD	Point-in-time
Accrued purchases	`AccountsPayableCurrent`	$42.97M	USD	Point-in-time
Accrued purchases	`AccountsPayableCurrent`	$27.47M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$19.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$22.88M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesCurrent`	$27.12M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesCurrent`	$53.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$5.39M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$445.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.35M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$664.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$664.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$304.99M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$298.63M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesNoncurrent`	$191.03M	USD	Point-in-time
Founders advisory fees payable - related party	`DueToRelatedPartiesNoncurrent`	$312.24M	USD	Point-in-time
Redeemable preferred shares	`SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent`	$96.87M	USD	Point-in-time
Redeemable preferred shares	`SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent`	$99.31M	USD	Point-in-time
Redeemable preferred shares - related party	`DueToRelatedPartiesFinancialInstrumentsSubjectToMandatoryRedemptionSettlementTermsShareValueAmountNoncurrent`	$3.70M	USD	Point-in-time
Redeemable preferred shares - related party	`DueToRelatedPartiesFinancialInstrumentsSubjectToMandatoryRedemptionSettlementTermsShareValueAmountNoncurrent`	$3.21M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$22.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$12.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.37B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.50B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 and 157,237,435 shares issued; 162,637,029 and 157,237,435 shares outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$157.24M	USD	Point-in-time
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 and 157,237,435 shares issued; 162,637,029 and 157,237,435 shares outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$163.24M	USD	Point-in-time
Treasury shares, at cost; 597,513 shares at June 30, 2022 and no shares at December 31, 2021	`TreasuryStockCommonValue`	-	USD	Point-in-time
Treasury shares, at cost; 597,513 shares at June 30, 2022 and no shares at December 31, 2021	`TreasuryStockCommonValue`	$5.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.67B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.69B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-736.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-691.79M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$271.93M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$291.42M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$268.64M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.58B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.51B	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$158.72M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$87.12M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$100.97M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$121.05M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$48.84M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$73.81M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$117.05M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$72.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$47.23M	USD	2 Qtrs
Gross profit	`GrossProfit`	$41.67M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$22.61M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$42.42M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$27.21M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$18.28M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$13.29M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$13.80M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$26.54M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$27.66M	USD	2 Qtrs
Founders advisory fees - related party	`FoundersAdvisoryFeesFairValueAdjustment`	$20.46M	USD	1 Quarter
Founders advisory fees - related party	`FoundersAdvisoryFeesFairValueAdjustment`	-	USD	1 Quarter
Founders advisory fees - related party	`FoundersAdvisoryFeesFairValueAdjustment`	$80.31M	USD	2 Qtrs
Founders advisory fees - related party	`FoundersAdvisoryFeesFairValueAdjustment`	-	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$753.00K	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$456.00K	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$260.00K	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$441.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-9.78M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.51M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$32.02M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$6.26M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$12.33M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$51.45M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-7.27M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$22.64M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$8.04M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.89M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$12.14M	USD	1 Quarter
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$2.76M	USD	1 Quarter
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	2 Qtrs
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	1 Quarter
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$2.76M	USD	2 Qtrs
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.04M	USD	2 Qtrs
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.16M	USD	1 Quarter
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.26M	USD	2 Qtrs
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$540.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$35.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$44.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$318.00K	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-20.59M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-17.24M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-10.21M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.95M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.21M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.86M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.63M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-10.82M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-592.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-5.49M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-103.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-18.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.38M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$7.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.85M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$45.03M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.25M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.37M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-404.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$562.00K	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-3.29M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$28.79M	USD	2 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-9.15M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-22.78M	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.42	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.28	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.42	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.05M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	161.59M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	162.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.05M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.05M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	175.73M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	177.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.05M	shares	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-18.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.38M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$7.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.85M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$45.03M	USD	2 Qtrs
Founders advisory fees - related party (change in accounting fair value)	`FoundersAdvisoryFeesFairValueAdjustment`	$20.46M	USD	1 Quarter
Founders advisory fees - related party (change in accounting fair value)	`FoundersAdvisoryFeesFairValueAdjustment`	-	USD	1 Quarter
Founders advisory fees - related party (change in accounting fair value)	`FoundersAdvisoryFeesFairValueAdjustment`	$80.31M	USD	2 Qtrs
Founders advisory fees - related party (change in accounting fair value)	`FoundersAdvisoryFeesFairValueAdjustment`	-	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.71M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$33.09M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$15.23M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$30.38M	USD	2 Qtrs
Interest and payment-in-kind on preferred shares	`PaidInKindInterest`	$3.27M	USD	2 Qtrs
Interest and payment-in-kind on preferred shares	`PaidInKindInterest`	-	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$12.46M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.65M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.24M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$793.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.62M	USD	2 Qtrs
Amortization of acquisition related inventory step-up	`AmortizationOfAcquisitionRelatedInventory`	-	USD	2 Qtrs
Amortization of acquisition related inventory step-up	`AmortizationOfAcquisitionRelatedInventory`	$27.32M	USD	2 Qtrs
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$2.76M	USD	1 Quarter
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	2 Qtrs
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	1 Quarter
(Gain) loss on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$2.76M	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.04M	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.16M	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-2.26M	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$540.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-9.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$44.48M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.99M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$41.43M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.47M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$5.85M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$24.78M	USD	2 Qtrs
Prepaid expenses and current other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.76M	USD	2 Qtrs
Prepaid expenses and current other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.30M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-229.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.26M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$6.42M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.99M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$-1.56M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$2.79M	USD	2 Qtrs
Founders advisory fees - related party (cash settled)	`IncreaseDecreaseInDueToRelatedPartiesSettledInCash`	$-53.55M	USD	2 Qtrs
Founders advisory fees - related party (cash settled)	`IncreaseDecreaseInDueToRelatedPartiesSettledInCash`	-	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-199.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$24.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-89.35M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.52M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.01M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.51M	USD	2 Qtrs
Purchase price adjustment under Business Combination Agreement	`PaymentsForPreviousAcquisition`	-	USD	2 Qtrs
Purchase price adjustment under Business Combination Agreement	`PaymentsForPreviousAcquisition`	$1.64M	USD	2 Qtrs
Acquisition of SK Invictus, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of SK Invictus, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$6.26M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.64M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.77M	USD	2 Qtrs
Ordinary shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$5.01M	USD	2 Qtrs
Ordinary shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$529.00K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$7.50M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$3.00M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfSeniorDebt`	-	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfSeniorDebt`	$2.81M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.48M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.69M	USD	2 Qtrs
Effect of foreign currency on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-578.00K	USD	2 Qtrs
Effect of foreign currency on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-100.05M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.44M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$125.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.55M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$125.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.04M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$14.27M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$17.92M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$946.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$6.57M	USD	2 Qtrs
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	`FoundersAdvisoryFeesPayableToRelatedParty`	-	USD	2 Qtrs
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	`FoundersAdvisoryFeesPayableToRelatedParty`	$13.78M	USD	2 Qtrs

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	157.24M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	162.64M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$271.93M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$291.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$268.64M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.13B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance (in shares)	`TreasuryStockCommonShares`	597,513.00	shares	Point-in-time
Beginning balance (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.72M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.74M	USD	1 Quarter
Ordinary shares issued related to founders advisory fees - related party	`StockGrantedDuringPeriodValueSharebasedCompensation`	$13.78M	USD	1 Quarter
Ordinary shares issued related to warrants exercised	`StockIssuedDuringPeriodValueWarrantsExercised`	$529.00K	USD	1 Quarter
Ordinary shares repurchased (in shares)	`TreasuryStockSharesAcquired`	597,513.00	shares	1 Quarter
Ordinary shares repurchased (in shares)	`TreasuryStockSharesAcquired`	597,513.00	shares	2 Qtrs
Ordinary shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$5.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$37.81M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-18.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.38M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$7.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.85M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$45.03M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$126.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-16.37M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$562.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-966.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	157.24M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	162.64M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$271.93M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$291.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$268.64M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.13B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance (in shares)	`TreasuryStockCommonShares`	597,513.00	shares	Point-in-time
Ending balance (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time

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