10-Q Filing

PERIMETER SOLUTIONS, INC. CIK: 1880319 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001880319-23-000099`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	prm-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 94 Cash Flow Statement 90 Stockholders Equity 40

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`	163.23M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	165.07M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	154.52M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	156.80M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	6.44M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	10.55M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$26.65M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.63M	USD	Point-in-time
Inventories	`InventoryNet`	$163.12M	USD	Point-in-time
Inventories	`InventoryNet`	$142.96M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$214.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.95M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$308.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$262.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$58.85M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$58.84M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$18.58M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$14.95M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$4.81M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Goodwill	`Goodwill`	$1.03B	USD	Point-in-time
Goodwill	`Goodwill`	$1.03B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.04B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.01B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.77M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.54M	USD	Point-in-time
Total assets	`Assets`	$2.46B	USD	Point-in-time
Total assets	`Assets`	$2.39B	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$32.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$24.66M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.65M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$665.28M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$665.88M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$15.48M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$12.65M	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Finance lease liabilities, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$4.35M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$267.72M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$278.27M	USD	Point-in-time
Founders advisory fees payable - related party	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$170.72M	USD	Point-in-time
Founders advisory fees payable - related party	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$79.51M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$9.32M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$9.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.32B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 165,066,195 and 163,234,542 shares issued; 154,520,833 and 156,797,806 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$165.07M	USD	Point-in-time
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 165,066,195 and 163,234,542 shares issued; 154,520,833 and 156,797,806 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$163.24M	USD	Point-in-time
Treasury shares, at cost; 10,545,362 shares and 6,436,736 at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$49.34M	USD	Point-in-time
Treasury shares, at cost; 10,545,362 shares and 6,436,736 at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$76.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-586.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-648.30M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.13B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.18B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.39B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.46B	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$76.14M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$120.00M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$100.97M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$158.72M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$113.39M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$72.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$75.15M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$44.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.33M	USD	2 Qtrs
Gross profit	`GrossProfit`	$44.84M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$14.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$25.36M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$19.68M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$38.83M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$13.77M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$27.66M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$13.80M	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$27.53M	USD	2 Qtrs
Founders advisory fees - related party	`ProfessionalFeesFairValueAdjustment`	$80.31M	USD	2 Qtrs
Founders advisory fees - related party	`ProfessionalFeesFairValueAdjustment`	$60.03M	USD	1 Quarter
Founders advisory fees - related party	`ProfessionalFeesFairValueAdjustment`	$20.46M	USD	1 Quarter
Founders advisory fees - related party	`ProfessionalFeesFairValueAdjustment`	$84.26M	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`	$10.00K	USD	2 Qtrs
Other operating expense	`OtherCostAndExpenseOperating`	$8.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-31.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-31.36M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-13.37M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$63.35M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$76.20M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$15.64M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$58.70M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$20.49M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$22.64M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$10.34M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.14M	USD	1 Quarter
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$392.00K	USD	2 Qtrs
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	2 Qtrs
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	1 Quarter
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$146.00K	USD	1 Quarter
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$628.00K	USD	2 Qtrs
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.16M	USD	1 Quarter
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.04M	USD	2 Qtrs
Unrealized foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-93.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-17.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$35.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-89.00K	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-17.24M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-20.34M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-5.70M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-10.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$52.75M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.86M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$41.46M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.94M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-4.43M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.01M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-5.59M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$733.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.45M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.81M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.21M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-16.37M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-16.25M	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$54.23M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-7.44M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$29.64M	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$65.25M	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.28	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.39	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.36	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	161.59M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	157.11M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	156.53M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	162.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	175.73M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	168.89M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	177.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	168.31M	shares	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.45M	USD	2 Qtrs
Founders advisory fees - related party (change in accounting fair value)	`IncreaseDecreaseInDueToRelatedPartiesChangeInFairValue`	$-80.31M	USD	2 Qtrs
Founders advisory fees - related party (change in accounting fair value)	`IncreaseDecreaseInDueToRelatedPartiesChangeInFairValue`	$-84.26M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.71M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$32.22M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$33.09M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$16.13M	USD	1 Quarter
Interest and payment-in-kind on preferred shares	`PaidInKindInterest`	$3.40M	USD	2 Qtrs
Interest and payment-in-kind on preferred shares	`PaidInKindInterest`	$3.27M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$-1.88M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$8.40M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.27M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.64M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-11.08M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-129.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$793.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$824.00K	USD	2 Qtrs
Amortization of acquisition related inventory step-up	`AmortizationOfAcquisitionRelatedInventory`	$24.14M	USD	2 Qtrs
Amortization of acquisition related inventory step-up	`AmortizationOfAcquisitionRelatedInventory`	-	USD	2 Qtrs
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$392.00K	USD	2 Qtrs
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	2 Qtrs
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-9.40M	USD	1 Quarter
Loss (gain) on contingent earn-out	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$146.00K	USD	1 Quarter
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$628.00K	USD	2 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.16M	USD	1 Quarter
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.04M	USD	2 Qtrs
Unrealized (gain) loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-93.00K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-20.00K	USD	2 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-9.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.64M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$44.48M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.96M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$41.43M	USD	2 Qtrs
Prepaid expenses and current other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.30M	USD	2 Qtrs
Prepaid expenses and current other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.26M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.74M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.65M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.99M	USD	2 Qtrs
Income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.48M	USD	2 Qtrs
Income taxes payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.87M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$-1.80M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$3.05M	USD	2 Qtrs
Founders advisory fees - related party (cash settled)	`IncreaseDecreaseInDueToRelatedPartiesSettledInCash`	$-4.66M	USD	2 Qtrs
Founders advisory fees - related party (cash settled)	`IncreaseDecreaseInDueToRelatedPartiesSettledInCash`	$-53.55M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.26M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.51M	USD	2 Qtrs
Finance lease liabilities	`IncreaseDecreaseInFinanceLeaseLiability`	$-67.00K	USD	2 Qtrs
Finance lease liabilities	`IncreaseDecreaseInFinanceLeaseLiability`	-	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$47.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-107.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-89.35M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.94M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.01M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.38M	USD	2 Qtrs
Purchase price adjustment under Business Combination Agreement	`PaymentsForPreviousAcquisition`	$1.64M	USD	2 Qtrs
Purchase price adjustment under Business Combination Agreement	`PaymentsForPreviousAcquisition`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.38M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.64M	USD	2 Qtrs
Ordinary shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$27.21M	USD	2 Qtrs
Ordinary shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$5.01M	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$529.00K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$103.00K	USD	2 Qtrs
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.48M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.32M	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`	$-6.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-104.63M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-100.05M	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`	$225.55M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.75M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.12M	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`	$225.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.12M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$17.15M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$17.92M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$18.32M	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`	$13.78M	USD	2 Qtrs
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	`FoundersAdvisoryFeesPayableToRelatedParty`	-	USD	2 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	154.52M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	156.80M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.13B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.15B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.18B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Beginning balance (in shares)	`TreasuryStockCommonShares`	6.44M	shares	Point-in-time
Beginning balance (in shares)	`TreasuryStockCommonShares`	10.55M	shares	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-3.07M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.96M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.20M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.43M	USD	1 Quarter
Ordinary shares issued related to founders advisory fees - related party	`StockGrantedDuringPeriodValueSharebasedCompensation`	$13.78M	USD	1 Quarter
Ordinary shares issued related to founders advisory fees - related party	`StockGrantedDuringPeriodValueSharebasedCompensation`	-	USD	1 Quarter
Ordinary share issued related to warrants exercised	`StockIssuedDuringPeriodValueWarrantsExercised`	$529.00K	USD	1 Quarter
Ordinary shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$864.00K	USD	1 Quarter
Ordinary shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$5.01M	USD	1 Quarter
Ordinary shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$26.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$61.45M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.59M	USD	1 Quarter
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`	$2.21M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	154.52M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	156.80M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.13B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.15B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.18B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Ending balance (in shares)	`TreasuryStockCommonShares`	6.44M	shares	Point-in-time
Ending balance (in shares)	`TreasuryStockCommonShares`	10.55M	shares	Point-in-time

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