Organogenesis Holdings Inc(NASDAQ:ORGO)

Organogenesis Holdings Inc., a regenerative medicine company, develops, manufactures, and commercializes solutions for the advanced wound care, and surgical and sports medicine markets in the United States. The company's advanced wound care products include Affinity, an amniotic allograft wound cove...
Website: http://organogenesis.com
Founded: 1985
Full Time Employees: 835
Sector: Healthcare
Industry: Drug Manufacturers-Specialty & Generic
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | ||||||||||||||||||||||||||||||
net product revenue | 225,071,000 | 150,487,000 | 100,779,000 | |||||||||||||||||||||||||||
grant income | 536,000 | 377,000 | 226,000 | |||||||||||||||||||||||||||
total revenue | 225,607,000 | 150,864,000 | 101,005,000 | |||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||
qoq | 49.54% | 49.36% | ||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||
cost of goods sold | 49,918,000 | 36,251,000 | 27,630,000 | 23,723,000 | 31,051,000 | 26,796,000 | 29,198,000 | 28,696,000 | 27,769,000 | 25,789,000 | 26,316,000 | 26,607,000 | 27,110,000 | 26,177,000 | 26,652,000 | 25,080,000 | 32,597,000 | 26,167,000 | 29,940,000 | 25,495,000 | 25,520,000 | 22,964,000 | 20,042,000 | 18,793,000 | 20,391,000 | 19,131,000 | 19,446,000 | 16,980,000 | ||
selling, general and administrative | 100,174,000 | 79,743,000 | 73,810,000 | 72,509,000 | 73,856,000 | 71,795,000 | 76,540,000 | 72,322,000 | 61,381,000 | 64,222,000 | 70,317,000 | 73,834,000 | 68,293,000 | 79,328,000 | 72,609,000 | 63,578,000 | 67,250,000 | 62,369,000 | 62,349,000 | 58,232,000 | 53,217,000 | 51,146,000 | 46,502,000 | 52,613,000 | 52,368,000 | 49,475,000 | 48,957,000 | 48,893,000 | ||
research and development | 10,286,000 | 13,221,000 | 10,395,000 | 10,640,000 | 11,530,000 | 10,344,000 | 15,587,000 | 12,810,000 | 11,770,000 | 10,470,000 | 10,938,000 | 11,202,000 | 11,395,000 | 9,575,000 | 10,205,000 | 8,587,000 | 8,260,000 | 8,953,000 | 7,320,000 | 6,209,000 | 6,299,000 | 3,709,000 | 4,668,000 | 5,410,000 | 3,640,000 | 3,924,000 | 3,864,000 | 3,371,000 | ||
write-down to fair value for asset held for sale | 1,940,000 | 922,000 | 1,746,000 | 6,567,000 | ||||||||||||||||||||||||||
impairment of property and construction | 18,842,000 | |||||||||||||||||||||||||||||
write-down of capitalized internal-use software costs | ||||||||||||||||||||||||||||||
total operating expenses | 162,318,000 | 130,137,000 | 113,581,000 | 89,716,000 | 85,386,000 | 82,139,000 | 114,928,000 | 85,132,000 | 73,151,000 | 74,692,000 | 81,255,000 | 85,036,000 | 79,688,000 | 88,903,000 | 82,814,000 | 72,165,000 | 75,510,000 | 71,322,000 | 69,669,000 | 64,441,000 | 59,516,000 | 54,855,000 | 51,170,000 | 58,023,000 | 56,008,000 | 53,399,000 | 52,821,000 | 52,264,000 | ||
income from operations | 63,289,000 | 20,727,000 | -12,576,000 | -26,746,000 | 10,219,000 | 6,242,000 | -13,892,000 | -3,852,000 | -1,269,000 | 8,050,000 | 9,745,000 | -4,001,000 | 8,718,000 | 1,779,000 | 11,935,000 | 872,000 | 20,451,000 | 16,264,000 | 23,587,000 | 12,616,000 | 21,771,000 | 22,980,000 | -2,252,000 | -15,084,000 | -1,754,000 | -8,265,000 | -7,319,000 | -12,121,000 | ||
yoy | 519.33% | 232.06% | -9.47% | 594.34% | -905.28% | -22.46% | -242.56% | -3.72% | -114.56% | 352.50% | -18.35% | -558.83% | -57.37% | -89.06% | -49.40% | -93.09% | -6.06% | -29.23% | -1147.38% | -183.64% | -1341.22% | -378.04% | -69.23% | 24.45% | ||||||
qoq | 205.35% | -264.81% | -52.98% | -361.73% | 63.71% | -144.93% | 260.64% | 203.55% | -115.76% | -17.39% | -343.56% | -145.89% | 390.05% | -85.09% | 1268.69% | -95.74% | 25.74% | -31.05% | 86.96% | -42.05% | -5.26% | -1120.43% | -85.07% | 759.98% | -78.78% | 12.93% | -39.62% | |||
operating margin % | 28.05% | 13.74% | -12.45% | -Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | ||
other income, net: | ||||||||||||||||||||||||||||||
interest income | 236,000 | 415,000 | 669,000 | 961,000 | 19,000 | |||||||||||||||||||||||||
other income | -98,000 | 18,000 | 73,000 | 2,000 | -27,000 | 52,000 | -28,000 | 23,000 | -25,000 | 31,000 | 28,000 | 23,000 | 6,000 | 5,000 | -9,000 | -19,000 | 18,000 | -3,000 | 7,000 | 44,000 | 25,000 | 21,000 | 2,000 | -1,000 | -120,000 | 132,000 | ||||
total other income | 138,000 | 433,000 | 742,000 | 963,000 | -2,060,750 | -2,428,000 | -2,307,000 | -3,508,000 | ||||||||||||||||||||||
net income before income taxes | 63,427,000 | 21,160,000 | 10,253,000 | 5,823,000 | -14,540,000 | -1,796,000 | 7,637,000 | 9,179,000 | 8,754,000 | 1,212,000 | 11,184,000 | 132,000 | 19,589,000 | 12,880,000 | 21,174,000 | 10,143,000 | 18,890,000 | 21,006,000 | ||||||||||||
income tax benefit | -19,727,000 | 407,000 | 2,442,000 | 6,940,000 | -2,580,000 | 6,508,000 | 2,243,000 | 1,658,000 | ||||||||||||||||||||||
net income and comprehensive income | 43,700,000 | 21,567,000 | 7,673,000 | 12,331,000 | -17,043,000 | |||||||||||||||||||||||||
accretion of redeemable convertible preferred stock to redemption value | -150,000 | -140,000 | -129,000 | -121,000 | ||||||||||||||||||||||||||
cumulative dividend on redeemable convertible preferred stock | -2,788,000 | -2,734,000 | -2,681,000 | -2,627,000 | ||||||||||||||||||||||||||
undistributed earnings allocated to participating redeemable convertible preferred stock | -4,168,000 | |||||||||||||||||||||||||||||
net income attributable to common stockholders | 35,122,000 | 14,525,000 | ||||||||||||||||||||||||||||
net income per share | -0.05 | -0.16 | -0.04 | -0.12 | -0.11 | -0.17 | ||||||||||||||||||||||||
basic | 0.28 | 0.11 | -0.013 | 0.09 | -0.13 | |||||||||||||||||||||||||
diluted | 0.27 | 0.11 | -0.013 | 0.09 | -0.13 | |||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||
basic | 126,738,136 | 126,881,709 | 131,673,278 | 132,575,301 | 132,573,153 | 131,231,317 | 131,312,483 | 131,293,398 | 131,083,841 | 130,070,231 | 130,903,160 | 129,635,682 | 128,788,721 | 128,331,022 | 128,546,301 | 128,235,224 | 127,870,065 | 107,737,936 | 105,040,035 | |||||||||||
diluted | 130,248,412 | 130,848,995 | 131,673,278 | 133,926,755 | 132,573,153 | 132,746,727 | 133,417,721 | 133,066,010 | 131,083,841 | 132,383,152 | 132,232,954 | 132,600,579 | 132,805,154 | 133,662,659 | 133,850,216 | 133,988,413 | 133,451,950 | 111,360,831 | 108,489,768 | |||||||||||
net loss before income taxes | -11,834,000 | -25,783,000 | -4,343,000 | -4,627,000 | -5,139,000 | -16,278,000 | -4,356,000 | -10,693,000 | -9,626,000 | -15,629,000 | ||||||||||||||||||||
net loss and comprehensive loss | -9,392,000 | -18,843,000 | -2,100,000 | |||||||||||||||||||||||||||
net loss attributable to common stockholders | -12,202,000 | -21,591,000 | ||||||||||||||||||||||||||||
net income per share | -0.05 | -0.16 | -0.04 | -0.12 | -0.11 | -0.17 | ||||||||||||||||||||||||
basic and diluted | -0.1 | |||||||||||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||
basic and diluted | 126,853,536 | 126,295,642 | 131,861,772 | |||||||||||||||||||||||||||
net revenue | 86,693,000 | 126,656,000 | 115,177,000 | 130,234,000 | 109,976,000 | 99,651,000 | 108,531,000 | 117,316,000 | 107,642,000 | 115,516,000 | 116,859,000 | 121,401,000 | 98,117,000 | 128,558,000 | 113,753,000 | 123,196,000 | 102,552,000 | 106,807,000 | 100,799,000 | 68,960,000 | 61,732,000 | 74,645,000 | 64,265,000 | 64,948,000 | 57,123,000 | |||||
gross profit | 62,970,000 | 95,605,000 | 88,381,000 | 101,036,000 | 81,280,000 | 71,882,000 | 82,742,000 | 91,000,000 | 81,035,000 | 88,406,000 | 90,682,000 | 94,749,000 | 73,037,000 | 95,961,000 | 87,586,000 | 93,256,000 | 77,057,000 | 81,287,000 | 77,835,000 | 48,918,000 | 42,939,000 | 54,254,000 | 45,134,000 | 45,502,000 | 40,143,000 | |||||
yoy | -22.53% | 33.00% | 6.82% | 11.03% | 0.30% | -18.69% | -8.76% | -3.96% | 10.95% | -7.87% | 3.53% | 1.60% | -5.22% | 18.05% | 12.53% | 90.64% | 79.46% | 49.83% | 72.45% | 7.51% | 6.97% | |||||||||
qoq | -34.14% | 8.17% | -12.53% | 24.31% | 13.07% | -13.13% | -9.07% | 12.30% | -8.34% | -2.51% | -4.29% | 29.73% | -23.89% | 9.56% | -6.08% | 21.02% | -5.20% | 4.44% | 59.11% | 13.92% | -20.86% | 20.21% | -0.81% | 13.35% | ||||||
gross margin % | 0% | 0% | 0% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | ||
other expense, net: | ||||||||||||||||||||||||||||||
net loss, per share: | ||||||||||||||||||||||||||||||
basic and diluted | -0.17 | -0.02 | ||||||||||||||||||||||||||||
write down of capitalized internal-use software costs | 3,959,000 | |||||||||||||||||||||||||||||
interest expense | 61,000 | -471,000 | -620,000 | -514,000 | -502,000 | -444,000 | -594,000 | -649,000 | 30,000 | -572,000 | -730,000 | -737,000 | -853,000 | -1,482,000 | -2,431,000 | -2,470,000 | -2,888,000 | -2,969,000 | -2,912,000 | -2,510,000 | -2,604,000 | -2,427,000 | -2,187,000 | -1,797,000 | ||||||
total other expense | 34,000 | -419,000 | -648,000 | -491,000 | -527,000 | -413,000 | -566,000 | -626,000 | 36,000 | -567,000 | -751,000 | -740,000 | -862,000 | -3,384,000 | -2,413,000 | -2,473,000 | -2,881,000 | -1,974,000 | -2,887,000 | -1,194,000 | ||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||
basic | 126,738,136 | 126,881,709 | 131,673,278 | 132,575,301 | 132,573,153 | 131,231,317 | 131,312,483 | 131,293,398 | 131,083,841 | 130,070,231 | 130,903,160 | 129,635,682 | 128,788,721 | 128,331,022 | 128,546,301 | 128,235,224 | 127,870,065 | 107,737,936 | 105,040,035 | |||||||||||
diluted | 130,248,412 | 130,848,995 | 131,673,278 | 133,926,755 | 132,573,153 | 132,746,727 | 133,417,721 | 133,066,010 | 131,083,841 | 132,383,152 | 132,232,954 | 132,600,579 | 132,805,154 | 133,662,659 | 133,850,216 | 133,988,413 | 133,451,950 | 111,360,831 | 108,489,768 | |||||||||||
income tax expense | -2,503,000 | -1,668,750 | -4,470,000 | -3,863,000 | -870,500 | -997,000 | -2,440,000 | -45,000 | -247,500 | -303,000 | -487,000 | -200,000 | -396,000 | -72,000 | -27,000 | -35,000 | -27,000 | -48,000 | -23,000 | -37,000 | ||||||||||
net income | 1,378,250 | 3,167,000 | 5,316,000 | -2,969,000 | 7,486,000 | 215,000 | 8,744,000 | 87,000 | 51,695,000 | 12,577,000 | 20,687,000 | 9,943,000 | 18,494,000 | 20,934,000 | -5,166,000 | -16,313,000 | -4,398,000 | -10,741,000 | -9,649,000 | -15,666,000 | ||||||||||
yoy | -81.59% | 1373.02% | -39.20% | -3512.64% | -85.52% | -98.29% | -57.73% | -99.13% | 179.52% | -39.92% | -500.45% | -160.95% | -520.51% | -294.90% | -46.46% | 4.13% | ||||||||||||||
qoq | -56.48% | -40.43% | -279.05% | -139.66% | 3381.86% | -97.54% | 9950.57% | -99.83% | 311.03% | -39.20% | 108.06% | -46.24% | -11.66% | -505.23% | -68.33% | 270.92% | -59.05% | 11.32% | -38.41% | |||||||||||
net income margin % | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | ||
net income, per share: | ||||||||||||||||||||||||||||||
basic | 0.02 | 0.04 | 0.06 | 0.07 | 0.085 | 0.1 | 0.16 | 0.08 | ||||||||||||||||||||||
diluted | 0.02 | 0.04 | 0.06 | 0.07 | 0.08 | 0.09 | 0.15 | 0.07 | ||||||||||||||||||||||
net loss, per share: | ||||||||||||||||||||||||||||||
basic | -0.02 | |||||||||||||||||||||||||||||
diluted | -0.02 | |||||||||||||||||||||||||||||
loss on extinguishment of debt | -470,750 | -1,883,000 | ||||||||||||||||||||||||||||
other expense | -21,000 | -3,000 | ||||||||||||||||||||||||||||
gain on settlement of deferred acquisition consideration | 951,000 | 1,295,000 | ||||||||||||||||||||||||||||
loss on the extinguishment of debt | -1,862,000 | |||||||||||||||||||||||||||||
non-cash deemed dividend to warrant holders | -645,000 | |||||||||||||||||||||||||||||
net income attributed to common shareholders | 18,494,000 | 20,934,000 | ||||||||||||||||||||||||||||
net income attributed to common shareholders, per share: | ||||||||||||||||||||||||||||||
basic | 0.18 | 0.2 | ||||||||||||||||||||||||||||
diluted | 0.17 | 0.19 | ||||||||||||||||||||||||||||
weighted-average common shares outstanding—basic and diluted | 104,714,725 | 104,486,924 | 92,840,401 | 92,276,858 | 90,647,352 | 90,604,107 | ||||||||||||||||||||||||
basic | 126,738,136 | 126,881,709 | 131,673,278 | 132,575,301 | 132,573,153 | 131,231,317 | 131,312,483 | 131,293,398 | 131,083,841 | 130,070,231 | 130,903,160 | 129,635,682 | 128,788,721 | 128,331,022 | 128,546,301 | 128,235,224 | 127,870,065 | 107,737,936 | 105,040,035 | |||||||||||
diluted | 130,248,412 | 130,848,995 | 131,673,278 | 133,926,755 | 132,573,153 | 132,746,727 | 133,417,721 | 133,066,010 | 131,083,841 | 132,383,152 | 132,232,954 | 132,600,579 | 132,805,154 | 133,662,659 | 133,850,216 | 133,988,413 | 133,451,950 | 111,360,831 | 108,489,768 | |||||||||||
net income per share | -0.05 | -0.16 | -0.04 | -0.12 | -0.11 | -0.17 | ||||||||||||||||||||||||
weighted-average common shares outstanding—basic and diluted | 104,714,725 | 104,486,924 | 92,840,401 | 92,276,858 | 90,647,352 | 90,604,107 | ||||||||||||||||||||||||
write-off of deferred offering costs | ||||||||||||||||||||||||||||||
change in fair value of warrants | ||||||||||||||||||||||||||||||
net loss attributed to common shareholders | -9,175,250 | -11,386,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 93,679,000 | 63,745,000 | 73,076,000 | 109,965,000 | 135,571,000 | 94,340,000 | 89,902,000 | 88,626,000 | 103,840,000 | 98,226,000 | 88,917,000 | 88,694,000 | 102,478,000 | 107,250,000 | 112,279,000 | 107,897,000 | 113,929,000 | ||||||||||||||||||||
restricted cash | 652,000 | 627,000 | 659,000 | 569,000 | 580,000 | 586,000 | 575,000 | 720,000 | 498,000 | 599,000 | 591,000 | 721,000 | 812,000 | 771,000 | 665,000 | 605,000 | 599,000 | 487,000 | 517,000 | 500,000 | 412,000 | 374,000 | 299,000 | 176,000 | 196,000 | 185,000 | 119,000 | 102,000 | 114,000 | ||||||||
accounts receivable | 217,451,000 | 168,783,000 | 120,382,000 | 103,320,000 | 109,861,000 | 101,272,000 | 105,945,000 | 96,148,000 | 81,999,000 | 89,276,000 | 93,615,000 | 92,021,000 | 89,450,000 | 93,115,000 | 88,824,000 | 79,477,000 | 82,460,000 | 74,583,000 | 76,767,000 | 72,003,000 | 56,804,000 | 56,915,000 | 44,024,000 | 32,724,000 | 39,359,000 | 34,383,000 | 34,157,000 | 32,509,000 | 34,077,000 | ||||||||
inventories | 29,627,000 | 39,583,000 | 33,042,000 | 29,338,000 | 26,219,000 | 27,036,000 | 26,883,000 | 27,694,000 | 28,253,000 | ||||||||||||||||||||||||||||
asset held for sale | 2,425,000 | 4,365,000 | 5,287,000 | 7,033,000 | |||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 18,354,000 | 22,646,000 | 27,777,000 | 17,935,000 | 13,710,000 | 15,275,000 | 10,889,000 | 13,979,000 | 10,454,000 | 9,567,000 | 7,948,000 | 9,847,000 | 5,086,000 | 4,707,000 | 6,540,000 | 7,135,000 | 4,969,000 | 5,033,000 | 6,583,000 | 5,557,000 | 4,935,000 | 5,327,000 | 4,366,000 | 5,164,000 | 2,953,000 | 3,117,000 | 3,113,000 | 3,918,000 | 2,328,000 | ||||||||
total current assets | 362,188,000 | 299,749,000 | 260,223,000 | 268,160,000 | 285,941,000 | 238,509,000 | 234,194,000 | 227,167,000 | 225,044,000 | 225,573,000 | 216,435,000 | 216,822,000 | 222,609,000 | 230,526,000 | 231,543,000 | 217,851,000 | 226,979,000 | 211,835,000 | 201,763,000 | 185,239,000 | 174,344,000 | 129,010,000 | 117,706,000 | 111,398,000 | 125,600,000 | 80,843,000 | 76,146,000 | 85,062,000 | 71,131,000 | 25,011 | 160,466 | 269,297 | 294,439 | 360,030 | 602,920 | 879,726 | |
property and equipment | 103,711,000 | 78,058,000 | 75,607,000 | 75,518,000 | 89,128,000 | 89,868,000 | 89,947,000 | 114,245,000 | 116,228,000 | 117,503,000 | 111,825,000 | 106,637,000 | 102,463,000 | 97,012,000 | 93,292,000 | 84,268,000 | 79,160,000 | 74,774,000 | 69,739,000 | 62,431,000 | 60,068,000 | 55,937,000 | 53,033,000 | 50,071,000 | 47,184,000 | 44,254,000 | 40,751,000 | 39,454,000 | 39,623,000 | ||||||||
intangible assets | 9,145,000 | 9,943,000 | 10,785,000 | 11,626,000 | 12,468,000 | 13,302,000 | 14,136,000 | 14,970,000 | 15,871,000 | 17,101,000 | 18,330,000 | 19,560,000 | 20,789,000 | 22,010,000 | 23,231,000 | 24,452,000 | 25,673,000 | 26,896,000 | 28,136,000 | 29,379,000 | 30,622,000 | 31,849,000 | 19,164,000 | 19,981,000 | 20,797,000 | 22,314,000 | 23,844,000 | 24,592,000 | 26,091,000 | ||||||||
goodwill | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,772,000 | 28,916,000 | 25,539,000 | 25,539,000 | 25,539,000 | 25,539,000 | 25,539,000 | 25,539,000 | 25,539,000 | ||||||||
operating lease right-of-use assets | 55,749,000 | 33,304,000 | 35,257,000 | 36,756,000 | 37,110,000 | 34,943,000 | 36,572,000 | 38,616,000 | 40,118,000 | 42,363,000 | 43,544,000 | 42,839,000 | 43,192,000 | 45,369,000 | 45,860,000 | 47,468,000 | 49,144,000 | 26,522,000 | 26,531,000 | 12,706,000 | |||||||||||||||||
deferred tax asset | 29,962,000 | 45,591,000 | 41,754,000 | 40,728,000 | 39,462,000 | 35,889,000 | 33,691,000 | 28,002,000 | 28,002,000 | 30,014,000 | 30,014,000 | 30,014,000 | 30,014,000 | 31,994,000 | 31,994,000 | 31,994,000 | 31,994,000 | 18,000 | 18,000 | 18,000 | 18,000 | 16,000 | 15,000 | 15,000 | 127,000 | 238,000 | 238,000 | 238,000 | 238,000 | ||||||||
other assets | 9,203,000 | 14,410,000 | 8,730,000 | 5,834,000 | 5,005,000 | 5,013,000 | 5,851,000 | 6,709,000 | 5,990,000 | 1,321,000 | 1,393,000 | 1,463,000 | 1,520,000 | 1,589,000 | 1,665,000 | 1,467,000 | 1,537,000 | 1,606,000 | 605,000 | 636,000 | 670,000 | 700,000 | 728,000 | 760,000 | 884,000 | 916,000 | 1,040,000 | 1,072,000 | 579,000 | ||||||||
total assets | 598,730,000 | 509,827,000 | 461,128,000 | 467,394,000 | 497,886,000 | 446,296,000 | 443,163,000 | 458,481,000 | 460,025,000 | 462,647,000 | 450,313,000 | 446,107,000 | 449,359,000 | 457,272,000 | 456,357,000 | 436,272,000 | 443,259,000 | 370,423,000 | 355,564,000 | 319,181,000 | 294,494,000 | 246,428,000 | 216,487,000 | 208,340,000 | 220,687,000 | 174,640,000 | 168,074,000 | 176,453,000 | 163,678,000 | 316,309,217 | 314,981,071 | 313,790,387 | 312,792,360 | 312,057,811 | 311,564,573 | 311,239,237 | 821,880 |
liabilities, redeemable convertible preferred stock, and stockholders’ equity | |||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||
current portion of finance lease obligations | 9,435,000 | 1,207,000 | 1,217,000 | 1,193,000 | 1,170,000 | 1,147,000 | 1,125,000 | 1,103,000 | 1,081,000 | 1,174,000 | 209,000 | 200,000 | 8,531,000 | 4,134,000 | 3,870,000 | ||||||||||||||||||||||
current portion of operating lease obligations - related party | 4,258,000 | 3,798,000 | 3,755,000 | 3,712,000 | 3,671,000 | 6,172,000 | 7,357,000 | 8,543,000 | 3,140,000 | ||||||||||||||||||||||||||||
current portion of operating lease obligations | 4,949,000 | 4,785,000 | 4,796,000 | 4,353,000 | 4,272,000 | 3,926,000 | 4,081,000 | 4,675,000 | 10,004,000 | 13,048,000 | 12,592,000 | 12,160,000 | 11,708,000 | 12,155,000 | 11,871,000 | 11,775,000 | 11,785,000 | 4,667,000 | 4,504,000 | 4,004,000 | |||||||||||||||||
accounts payable | 31,949,000 | 40,219,000 | 29,723,000 | 24,660,000 | 28,911,000 | 23,971,000 | 29,390,000 | 23,230,000 | 30,724,000 | 26,784,000 | 27,390,000 | 30,310,000 | 32,330,000 | 37,952,000 | 36,373,000 | 27,935,000 | 29,339,000 | 28,488,000 | 26,789,000 | 23,877,000 | 23,381,000 | 24,007,000 | 29,944,000 | 26,208,000 | 28,387,000 | 28,251,000 | 22,278,000 | 24,575,000 | 19,165,000 | ||||||||
accrued expenses and other current liabilities | 49,533,000 | 40,310,000 | 26,348,000 | 31,135,000 | 39,453,000 | 36,101,000 | 38,016,000 | 39,759,000 | 30,074,000 | 34,993,000 | 27,784,000 | 28,597,000 | 26,447,000 | 34,162,000 | 36,390,000 | 32,419,000 | 36,589,000 | 37,128,000 | 26,618,000 | 25,383,000 | 23,973,000 | 26,132,000 | 24,688,000 | 21,803,000 | 23,450,000 | 20,606,000 | 20,679,000 | 20,395,000 | 25,415,000 | ||||||||
total current liabilities | 100,124,000 | 90,319,000 | 65,839,000 | 65,053,000 | 77,477,000 | 77,281,000 | 85,727,000 | 82,799,000 | 80,509,000 | 81,482,000 | 73,455,000 | 76,076,000 | 75,023,000 | 89,273,000 | 88,230,000 | 76,792,000 | 82,005,000 | 81,000,000 | 84,545,000 | 74,009,000 | 68,217,000 | 66,245,000 | 66,058,000 | 54,825,000 | 59,894,000 | 56,729,000 | 50,399,000 | 52,307,000 | 66,388,000 | 8,009,631 | 5,896,098 | 5,062,402 | 3,928,722 | 2,696,066 | 85,825 | 140,823 | 852,584 |
finance lease obligations, net of current portion | 12,788,000 | 2,094,000 | 98,000 | 411,000 | 718,000 | 1,019,000 | 1,314,000 | 1,604,000 | 1,888,000 | 2,166,000 | 402,000 | 831,000 | 9,553,000 | 10,516,000 | |||||||||||||||||||||||
operating lease obligations, net of current portion - related party | 28,237,000 | 5,419,000 | 6,385,000 | 7,339,000 | 8,283,000 | 9,217,000 | 10,139,000 | 11,052,000 | 17,227,000 | ||||||||||||||||||||||||||||
operating lease obligations, net of current portion | 22,470,000 | 23,507,000 | 24,565,000 | 25,625,000 | 25,198,000 | 22,785,000 | 23,483,000 | 24,383,000 | 19,780,000 | 38,826,000 | 40,495,000 | 40,325,000 | 41,314,000 | 42,981,000 | 43,700,000 | 45,323,000 | 46,893,000 | 24,204,000 | 24,224,000 | 11,031,000 | |||||||||||||||||
other liabilities | 1,193,000 | 2,509,000 | 3,022,000 | 897,000 | 894,000 | 1,294,000 | 1,268,000 | 1,242,000 | 1,213,000 | 1,191,000 | 1,190,000 | 1,145,000 | 1,122,000 | 1,090,000 | 1,073,000 | 1,060,000 | 1,557,000 | 2,111,000 | 8,667,000 | 8,332,000 | 7,971,000 | 8,802,000 | 8,264,000 | 6,966,000 | 6,649,000 | 6,391,000 | 6,220,000 | 5,680,000 | 903,000 | ||||||||
total liabilities | 164,812,000 | 123,848,000 | 99,909,000 | 99,325,000 | 112,570,000 | 167,749,000 | 179,662,000 | 180,451,000 | 181,362,000 | 185,782,000 | 179,031,000 | 182,406,000 | 183,690,000 | 200,944,000 | 201,972,000 | 193,044,000 | 201,224,000 | 181,249,000 | 176,642,000 | 161,889,000 | 148,410,000 | 180,954,000 | 180,737,000 | 168,045,000 | 165,104,000 | 161,832,000 | 144,876,000 | 143,894,000 | 116,637,000 | 13,137,836 | 16,746,098 | 15,912,402 | 14,778,722 | 13,546,066 | 10,935,825 | 10,990,823 | |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.0001 par value... | 133,789,000 | 130,851,000 | 127,977,000 | 125,167,000 | 122,419,000 | ||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 11,000 | 11,000 | 11,000 | 10,000 | 9,000 | 9,000 | 9,000 | 9,000 | ||||||||
additional paid-in capital | 303,194,000 | 301,893,000 | 301,574,000 | 301,842,000 | 302,994,000 | 326,317,000 | 323,602,000 | 321,088,000 | 319,621,000 | 317,254,000 | 314,838,000 | 312,573,000 | 310,957,000 | 309,102,000 | 307,374,000 | 303,261,000 | 302,155,000 | 300,989,000 | 299,038,000 | 298,095,000 | 299,129,000 | 237,015,000 | 228,225,000 | 227,604,000 | 226,580,000 | 179,408,000 | 178,412,000 | 178,124,000 | 177,272,000 | 2,169,272 | 7,105,453 | 7,462,452 | 7,326,813 | 6,828,715 | 4,711,743 | 5,092,075 | 24,137 |
accumulated deficit | -3,078,000 | -46,778,000 | -68,345,000 | -58,953,000 | -40,110,000 | -47,783,000 | -60,114,000 | -43,071,000 | -40,971,000 | -40,402,000 | -43,569,000 | -48,885,000 | -45,301,000 | -52,787,000 | -53,002,000 | -60,046,000 | -60,133,000 | -111,828,000 | -120,129,000 | -140,816,000 | -153,058,000 | -171,552,000 | -192,486,000 | -187,320,000 | -171,007,000 | -166,609,000 | -155,223,000 | -145,574,000 | -130,240,000 | -2,106,438 | -2,463,426 | -2,327,773 | -1,829,666 | ||||
total stockholders' equity | 300,129,000 | 262,897,000 | 278,663,000 | 265,669,000 | |||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders' equity | 598,730,000 | 509,827,000 | 461,128,000 | 467,394,000 | 497,886,000 | ||||||||||||||||||||||||||||||||
total stockholders’ equity | 255,128,000 | 233,242,000 | 242,902,000 | 278,547,000 | 263,501,000 | 278,030,000 | 276,865,000 | 271,282,000 | 263,701,000 | 256,328,000 | 254,385,000 | 243,228,000 | 242,035,000 | 189,174,000 | 178,922,000 | 157,292,000 | 146,084,000 | 65,474,000 | 35,750,000 | 40,295,000 | 55,583,000 | 12,808,000 | 23,198,000 | 32,559,000 | 47,041,000 | ||||||||||||
current portion of term loan | 5,964,000 | 5,758,000 | 5,489,000 | 5,486,000 | 5,009,000 | 4,538,000 | 5,004,000 | 3,596,000 | 3,126,000 | 2,656,000 | 2,186,000 | 22,500,000 | 16,875,000 | 16,666,000 | 11,667,000 | 6,667,000 | 1,667,000 | ||||||||||||||||||||
term loan, net of current portion | 56,153,000 | 57,731,000 | 59,371,000 | 60,745,000 | 64,860,000 | 66,231,000 | 67,600,000 | 68,969,000 | 69,869,000 | 70,769,000 | 71,667,000 | 37,290,000 | 42,876,000 | 43,044,000 | 47,999,000 | 52,954,000 | 57,910,000 | ||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 446,296,000 | 443,163,000 | 458,481,000 | 462,647,000 | 450,313,000 | 446,107,000 | 457,272,000 | 456,357,000 | 436,272,000 | 443,259,000 | 370,423,000 | 355,564,000 | 319,181,000 | 294,494,000 | 246,428,000 | 216,487,000 | 208,340,000 | 220,687,000 | 174,640,000 | 168,074,000 | 176,453,000 | ||||||||||||||||
total liabilities and stockholders' equity | 460,025,000 | 449,359,000 | |||||||||||||||||||||||||||||||||||
inventory | 27,905,000 | 25,364,000 | 25,539,000 | 24,783,000 | 24,683,000 | 23,235,000 | 22,737,000 | 25,022,000 | 29,495,000 | 28,106,000 | 29,721,000 | 27,799,000 | 29,882,000 | 28,562,000 | 26,436,000 | 22,918,000 | 20,184,000 | 18,717,000 | 17,972,000 | 13,321,000 | |||||||||||||||||
current portion of term loan, net of debt issuance costs | 5,483,000 | 5,480,000 | |||||||||||||||||||||||||||||||||||
term loan, net of current portion and debt issuance costs | 62,117,000 | 63,489,000 | |||||||||||||||||||||||||||||||||||
current portion of deferred acquisition consideration | 1,436,000 | ||||||||||||||||||||||||||||||||||||
deferred acquisition consideration | 1,436,000 | 483,000 | 966,000 | 1,432,000 | 1,958,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||||
finance lease obligations | 101,000 | ||||||||||||||||||||||||||||||||||||
current portion of deferred rent and lease incentive obligation | 95,000 | ||||||||||||||||||||||||||||||||||||
line of credit | 10,000,000 | 10,000,000 | 10,000,000 | 39,353,000 | 39,353,000 | 33,484,000 | 33,484,000 | 33,484,000 | 33,484,000 | 30,984,000 | 26,484,000 | ||||||||||||||||||||||||||
deferred acquisition consideration, net of current portion | 1,436,000 | 1,436,000 | 1,436,000 | 1,436,000 | 1,436,000 | ||||||||||||||||||||||||||||||||
earnout liability | 927,000 | 3,689,000 | 3,985,000 | 3,782,000 | |||||||||||||||||||||||||||||||||
deferred rent and lease incentive obligation, net of current portion | 2,315,000 | ||||||||||||||||||||||||||||||||||||
cash | 102,237,000 | 89,790,000 | 77,458,000 | 84,394,000 | 36,512,000 | 40,455,000 | 46,898,000 | 60,174,000 | 22,974,000 | 20,040,000 | 30,561,000 | 21,291,000 | 2,705 | 64,411 | 99,493 | 125,886 | 117,728 | 286,458 | 486,200 | ||||||||||||||||||
notes receivable from related parties | 302,000 | 576,000 | 556,000 | 536,000 | 516,000 | 496,000 | 477,000 | ||||||||||||||||||||||||||||||
current portion of capital lease obligations | 3,619,000 | 3,473,000 | 3,327,000 | 3,189,000 | 3,057,000 | 2,872,000 | 2,442,000 | 2,337,000 | 7,501,000 | ||||||||||||||||||||||||||||
capital lease obligations, net of current portion | 11,442,000 | 12,239,000 | 13,011,000 | 13,755,000 | 14,431,000 | 14,893,000 | 14,655,000 | 15,109,000 | 10,154,000 | ||||||||||||||||||||||||||||
deferred rent | 1,098,000 | 1,097,000 | 1,105,000 | 1,012,000 | 736,000 | 456,000 | |||||||||||||||||||||||||||||||
redeemable common stock liability | 6,762,000 | ||||||||||||||||||||||||||||||||||||
current portion of notes payable | 2,545,000 | ||||||||||||||||||||||||||||||||||||
notes payable, net of current portion | 12,578,000 | ||||||||||||||||||||||||||||||||||||
term loan | 49,634,000 | 49,599,000 | 39,662,000 | 39,635,000 | |||||||||||||||||||||||||||||||||
deferred rent, net of current portion | 179,000 | 130,000 | |||||||||||||||||||||||||||||||||||
contingent consideration forfeiture rights | |||||||||||||||||||||||||||||||||||||
liabilities, redeemable common stock and stockholders’ equity | |||||||||||||||||||||||||||||||||||||
long-term debt - affiliates | |||||||||||||||||||||||||||||||||||||
due to affiliates | |||||||||||||||||||||||||||||||||||||
warrant liability | |||||||||||||||||||||||||||||||||||||
redeemable common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||
total liabilities, redeemable common stock and stockholders’ equity | 163,678,000 | ||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||
prepaid expenses | 22,306 | 96,055 | 169,804 | 168,553 | 242,302 | 316,462 | 393,526 | ||||||||||||||||||||||||||||||
cash and cash equivalents held in trust account | 316,284,206 | 314,820,605 | 313,202,093 | 312,497,921 | 311,658,037 | 310,375,000 | 310,000,000 | ||||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||
note payable to sponsor | 700,000 | 475,000 | 300,000 | 100,000 | 300,000 | ||||||||||||||||||||||||||||||||
accrued expenses | 7,309,631 | 5,421,098 | 4,762,402 | 3,828,722 | 2,696,066 | 85,825 | 140,823 | 14,530 | |||||||||||||||||||||||||||||
deferred underwriting commission | 5,128,205 | 10,850,000 | 10,850,000 | 10,850,000 | 10,850,000 | 10,850,000 | 10,850,000 | ||||||||||||||||||||||||||||||
commitments | |||||||||||||||||||||||||||||||||||||
class a ordinary shares subject to possible redemption, 0.0001 par value... | 298,171,380 | 293,234,970 | 292,877,980 | 293,013,630 | 293,511,740 | 295,628,740 | 295,248,410 | ||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||
preferred shares, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||
ordinary shares, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 1,775,294 and 1,932,855 shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively, | 178 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 5,812,500 and 7,750,000 shares issued and outstanding at september 30, 2018 and december 31, 2017 | 581 | ||||||||||||||||||||||||||||||||||||
accumulated income/ | 2,829,970 | 287,337 | |||||||||||||||||||||||||||||||||||
total shareholders' equity | 5,000,001 | 5,000,003 | 5,000,005 | 5,000,008 | 5,000,005 | 5,000,008 | |||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 316,309,217 | 314,981,071 | 313,790,387 | 312,792,360 | 312,057,811 | 311,564,573 | |||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 2,125,511 and 1,932,855 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively, | 213 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 7,750,000 and 7,750,000 shares issued and outstanding at june 30, 2018 and december 31, 2017 | 775 | ||||||||||||||||||||||||||||||||||||
accrued interest receivable held in trust account | 318,997 | 39,744 | 586,653 | 359,511 | |||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 2,041,127 and 1,932,855 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively, | 204 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 7,750,000 and 7,750,000 shares issued and outstanding at march 31, 2018 and december 31, 2017 | 775 | ||||||||||||||||||||||||||||||||||||
offering costs payable | |||||||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 1,932,855 and 1,489,245 shares issued and outstanding at december 31, 2017 and december 31, 2016, respectively, | 193 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 7,750,000 and 7,750,000 shares issued and outstanding at december 31, 2017 and december 31, 2016 | 775 | ||||||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 1,808,699 and 1,489,245 shares issued and outstanding at september 30, 2017 and december 31, 2016, respectively, | 181 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 7,750,000 and 7,750,000 shares issued and outstanding at september 30, 2017 and december 31, 2016 | 775 | ||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity/ | |||||||||||||||||||||||||||||||||||||
shareholders' equity/ | |||||||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 1,528,550 and 1,489,245 shares issued and outstanding at june 30, 2017 and december 31, 2016, respectively, | 153 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 7,750,000 and 7,750,000 shares issued and outstanding at june 30, 2017 and december 31, 2016 | 775 | ||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; 1,509,360 and 1,489,245 shares issued and outstanding at march 31, 2017 and december 31, 2016 respectively, | 151 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 7,750,000 and 7,750,000 shares issued and outstanding at march, 31, 2017 and december 31, 2016 | 775 | ||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 5,000,004 | ||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 311,239,237 | ||||||||||||||||||||||||||||||||||||
current assets - cash | 171,834 | ||||||||||||||||||||||||||||||||||||
deferred offering costs | 650,046 | ||||||||||||||||||||||||||||||||||||
liabilities and shareholder’s deficit | |||||||||||||||||||||||||||||||||||||
deferred offering costs payable | 538,054 | ||||||||||||||||||||||||||||||||||||
shareholder’s deficit | |||||||||||||||||||||||||||||||||||||
class a ordinary shares 200,000,000 shares authorized; no shares issued and outstanding at september 30, 2016 and december 31, 2015 | |||||||||||||||||||||||||||||||||||||
class b ordinary shares, 20,000,000 shares authorized; 8,625,000 shares issued and outstanding at september 30, 2016 and december 31, 2015 | 863 | ||||||||||||||||||||||||||||||||||||
total shareholder’s deficit | |||||||||||||||||||||||||||||||||||||
total liabilities and shareholder’s deficit | 821,880 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||
net income | 7,673,000 | 12,331,000 | -568,000 | 3,166,000 | 7,486,000 | 215,000 | 7,744,000 | 87,000 | 51,695,000 | 12,577,000 | 20,687,000 | 9,943,000 | ||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||
depreciation and amortization | 4,066,000 | 4,029,000 | 3,734,000 | 3,444,000 | 3,615,000 | 3,570,000 | ||||||||||||||||||||||||
amortization of intangible assets | 798,000 | 842,000 | 841,000 | 842,000 | 834,000 | 834,000 | 834,000 | 901,000 | 1,229,000 | 1,230,000 | 1,229,000 | 1,230,000 | 1,221,000 | 1,220,000 | 1,221,000 | 1,221,000 | 1,223,000 | 1,240,000 | 1,243,000 | 1,243,000 | 1,227,000 | 885,000 | 816,000 | 817,000 | 1,517,000 | 1,529,000 | 1,499,000 | 1,498,000 | ||
reduction in the carrying value of right-of-use assets | 2,149,000 | 2,116,000 | 2,080,000 | 1,997,000 | 1,971,000 | 2,013,000 | 2,161,000 | 2,203,000 | 2,071,000 | 1,954,000 | 1,939,000 | |||||||||||||||||||
non-cash interest expense | 167,000 | 69,000 | 70,000 | 69,000 | 81,000 | 104,000 | 104,000 | 105,000 | 106,000 | 106,000 | 108,000 | 107,000 | 108,000 | 109,000 | 109,000 | 108,000 | 110,000 | 93,000 | 71,000 | 72,000 | 76,000 | 57,000 | 57,000 | 46,000 | 47,000 | 42,000 | -16,000 | 170,000 | ||
deferred interest expense | 31,000 | 61,000 | 91,000 | 122,000 | 123,000 | 122,000 | 123,000 | 122,000 | 73,000 | 137,000 | 140,000 | 151,000 | 162,000 | 295,000 | 511,000 | 525,000 | 556,000 | 555,000 | 552,000 | 470,000 | 472,000 | 438,000 | ||||||||
deferred tax expense | ||||||||||||||||||||||||||||||
loss on disposal of property and equipment | 115,000 | 29,000 | 25,000 | 19,000 | 696,000 | 10,000 | 87,000 | 347,000 | 131,000 | 39,000 | 2,000 | 63,000 | 70,000 | 4,216,000 | 10,000 | 1,158,000 | 0 | 239,000 | 0 | 0 | 0 | 201,000 | ||||||||
loss on lease termination | ||||||||||||||||||||||||||||||
loss on extinguishment of term loan | ||||||||||||||||||||||||||||||
provision recorded for credit losses | 2,810,000 | 2,287,000 | 2,243,000 | 873,000 | 215,000 | 1,691,000 | 1,064,000 | 968,000 | -23,000 | 1,130,000 | -53,000 | 243,000 | ||||||||||||||||||
adjustment for excess and obsolete inventories | 7,390,000 | 1,870,000 | 2,384,000 | 3,709,000 | 2,326,000 | 1,415,000 | 1,954,000 | 2,515,000 | 2,229,000 | 887,000 | 2,057,000 | 1,407,000 | 2,027,000 | 2,393,000 | 3,023,000 | 2,205,000 | 4,034,000 | 3,367,000 | 2,388,000 | 2,290,000 | 1,026,000 | 315,000 | 940,000 | 769,000 | ||||||
stock-based compensation | 4,324,000 | 3,065,000 | 2,542,000 | 3,367,000 | 2,891,000 | 2,712,000 | 2,568,000 | 2,407,000 | 2,366,000 | 2,417,000 | 2,299,000 | 1,914,000 | 1,855,000 | 1,702,000 | 1,692,000 | 1,303,000 | 1,083,000 | 1,041,000 | 1,042,000 | 698,000 | 497,000 | 486,000 | 469,000 | 209,000 | 236,000 | 242,000 | 234,000 | 224,000 | ||
write-down to fair value for asset held for sale | 1,940,000 | 922,000 | 1,746,000 | 6,567,000 | ||||||||||||||||||||||||||
impairment of property and construction | 0 | 0 | ||||||||||||||||||||||||||||
write-down of capitalized internal-use software costs | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||
accounts receivable | -51,478,000 | -50,688,000 | -19,305,000 | 5,668,000 | -8,804,000 | 2,982,000 | -10,861,000 | -15,117,000 | 7,300,000 | 3,209,000 | -1,541,000 | -3,429,000 | 2,740,000 | -5,025,000 | -9,427,000 | 2,942,000 | -8,012,000 | 1,480,000 | -5,821,000 | -16,301,000 | 335,000 | -13,433,000 | -12,052,000 | 6,325,000 | -5,244,000 | -170,000 | -1,751,000 | 2,474,000 | ||
inventories | -2,961,000 | 938,000 | -7,160,000 | -8,732,000 | -455,000 | -3,740,000 | 2,661,000 | -4,670,000 | ||||||||||||||||||||||
prepaid expenses and other current and other assets | ||||||||||||||||||||||||||||||
operating leases | -2,189,000 | -2,155,000 | -2,110,000 | -2,037,000 | -4,813,000 | -3,345,000 | -3,709,000 | -2,199,000 | -2,157,000 | -2,104,000 | -2,056,000 | -2,122,000 | -1,756,000 | -1,778,000 | -1,721,000 | -1,751,000 | -1,977,000 | -1,405,000 | -1,564,000 | -1,210,000 | ||||||||||
accounts payable | -1,171,000 | -994,000 | 4,133,000 | -2,496,000 | 3,650,000 | -3,875,000 | 2,244,000 | -4,391,000 | 3,553,000 | -126,000 | -2,145,000 | -1,390,000 | -2,001,000 | 2,590,000 | 3,857,000 | -1,186,000 | -1,390,000 | 4,521,000 | -1,126,000 | 1,842,000 | 3,143,000 | -4,013,000 | 2,145,000 | -1,910,000 | -648,000 | 3,875,000 | -3,409,000 | 4,882,000 | ||
accrued expenses and other current liabilities | 12,324,000 | 11,943,000 | 3,282,000 | -2,280,000 | -1,800,000 | 9,962,000 | -5,041,000 | 7,088,000 | -938,000 | 2,029,000 | -7,789,000 | -2,364,000 | 3,131,000 | -4,828,000 | 1,889,000 | 4,119,000 | 1,235,000 | 1,411,000 | -2,078,000 | 2,255,000 | 2,540,000 | -1,274,000 | 2,857,000 | -37,000 | -54,000 | 176,000 | ||||
other liabilities | -1,308,000 | 1,432,000 | -1,142,000 | 26,000 | 26,000 | 28,000 | 23,000 | 1,000 | 45,000 | 22,000 | 33,000 | 16,000 | 13,000 | 10,000 | -3,143,000 | -2,582,000 | -176,000 | -164,000 | -1,354,000 | 14,000 | 1,017,000 | -153,000 | -215,000 | -266,000 | -197,000 | -252,000 | ||||
net cash from operating activities | 39,420,000 | 3,079,000 | -32,873,000 | -19,935,000 | 10,937,000 | 8,695,000 | 4,738,000 | -10,162,000 | 10,613,000 | 16,735,000 | 8,646,000 | -5,077,000 | 7,800,000 | 5,453,000 | 10,195,000 | 1,411,000 | 17,948,000 | 27,850,000 | 17,659,000 | -1,479,000 | 26,276,000 | 7,143,000 | -9,335,000 | -17,283,000 | -6,401,000 | -5,453,000 | -12,116,000 | -9,558,000 | -60,015,819 | -286,706 |
capital expenditures | -1,908,000 | -2,235,000 | -3,638,000 | -3,454,000 | -3,571,000 | -2,569,000 | -1,957,000 | -1,436,000 | -3,324,000 | -3,715,000 | -7,603,000 | -5,576,000 | -10,656,000 | -11,401,000 | -1,491,000 | -4,803,000 | -5,227,000 | -19,529,000 | -290,000 | -4,651,000 | -8,885,000 | -7,913,000 | -418,000 | -1,301,000 | -3,458,000 | -1,275,000 | 289,000 | 98,000 | 0 | 0 |
free cash flows | 37,512,000 | 844,000 | -36,511,000 | -23,389,000 | 7,366,000 | 6,126,000 | 2,781,000 | -11,598,000 | 7,289,000 | 13,020,000 | 1,043,000 | -10,653,000 | -2,856,000 | -5,948,000 | 8,704,000 | -3,392,000 | 12,721,000 | 8,321,000 | 17,369,000 | -6,130,000 | 17,391,000 | -770,000 | -9,753,000 | -18,584,000 | -9,859,000 | -6,728,000 | -11,827,000 | -9,460,000 | -60,015,819 | -286,706 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||
purchases of property and equipment | -4,652,000 | -2,235,000 | -3,638,000 | -3,626,000 | -3,361,000 | -2,569,000 | -1,880,000 | -2,222,000 | -3,324,000 | -5,979,000 | -7,499,000 | -7,562,000 | -10,656,000 | -10,402,000 | -6,168,000 | -6,672,000 | -5,227,000 | -16,703,000 | -4,333,000 | -4,957,000 | -8,885,000 | -5,849,000 | -2,168,000 | -4,243,000 | -3,458,000 | -1,275,000 | -934,000 | -317,000 | ||
net cash from investing activities | -4,652,000 | -2,235,000 | -3,638,000 | -3,626,000 | -3,361,000 | -2,569,000 | -1,880,000 | -2,222,000 | -3,324,000 | -5,979,000 | -7,499,000 | -7,562,000 | -10,656,000 | -10,402,000 | -6,168,000 | -6,672,000 | -5,227,000 | -16,703,000 | -4,512,000 | -4,778,000 | -8,479,000 | -10,236,000 | -1,875,000 | -4,243,000 | -3,458,000 | -1,275,000 | -1,184,000 | -317,000 | ||
cash flows from financing activities: | ||||||||||||||||||||||||||||||
construction of landlord assets, net of tenant allowance | ||||||||||||||||||||||||||||||
term loan repayments under the 2021 credit agreement | -469,000 | |||||||||||||||||||||||||||||
proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||
payments for the repurchase of common stock | ||||||||||||||||||||||||||||||
principal repayments of finance lease obligations | -302,000 | -296,000 | -288,000 | -285,000 | -277,000 | -276,000 | -266,000 | -262,000 | -371,000 | -31,000 | 0 | 0 | -101,000 | -99,000 | -531,000 | -725,000 | -699,000 | -675,000 | ||||||||||||
proceeds from the exercise of stock options | 2,000 | 130,000 | 0 | 25,000 | 1,063,000 | 4,000 | 0 | 180,000 | 0 | 28,000 | 1,751,000 | 291,000 | 83,000 | 910,000 | 221,000 | 984,000 | 1,537,000 | 318,000 | 152,000 | 816,000 | 106,000 | 109,000 | ||||||||
payments of withholding taxes in connection with rsus vesting | -87,000 | -2,000 | 0 | -1,796,000 | -2,000 | 1,000 | -54,000 | -1,120,000 | 1,000 | -1,000 | -34,000 | -298,000 | 0 | -2,000 | -158,000 | -488,000 | 0 | 0 | -320,000 | -417,000 | ||||||||||
net cash from financing activities | -4,809,000 | -10,207,000 | -288,000 | -2,056,000 | 33,649,000 | -1,677,000 | -1,727,000 | -2,608,000 | -1,777,000 | -1,438,000 | -1,054,000 | -1,236,000 | -1,875,000 | 26,000 | 415,000 | -765,000 | -917,000 | 1,270,000 | -798,000 | -591,000 | 30,123,000 | -775,000 | 4,890,000 | 8,230,000 | 47,070,000 | 9,728,000 | 2,796,000 | 19,133,000 | ||
change in cash, cash equivalents and restricted cash | 29,959,000 | -9,363,000 | -36,799,000 | -25,617,000 | 41,225,000 | 4,449,000 | 1,131,000 | -14,992,000 | 5,513,000 | 9,317,000 | 93,000 | -13,875,000 | -4,731,000 | -4,923,000 | ||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of year | ||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year | ||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||
cash paid for interest | 865,000 | 1,361,000 | 1,369,000 | 1,375,000 | 1,540,000 | 1,288,000 | 1,337,000 | 1,271,000 | 862,000 | 746,000 | 414,000 | 627,000 | -43,000 | 1,994,000 | 1,899,000 | 1,937,000 | 2,479,000 | 2,504,000 | 2,382,000 | 2,244,000 | 2,226,000 | 2,032,000 | 2,263,000 | 1,627,000 | ||||||
cash paid for income taxes | 1,260,000 | 295,000 | 3,641,000 | 150,000 | 1,472,000 | 697,000 | 4,761,000 | 35,000 | 31,000 | -1,000 | 2,894,000 | 128,000 | 227,000 | 0 | 970,000 | 4,000 | 25,000 | 0 | -61,000 | 43,000 | 9,000 | 58,000 | ||||||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||||||||||||
cumulative effect adjustment for adoption of asu no. 2016-13 | ||||||||||||||||||||||||||||||
change in purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities | 2,744,000 | -210,000 | ||||||||||||||||||||||||||||
right-of-use assets obtained through operating lease obligations | 24,593,000 | 573,000 | 173,000 | 1,642,000 | 3,908,000 | 384,000 | 116,000 | 701,000 | 1,586,000 | 1,344,000 | 193,000 | 171,000 | 1,547,000 | 28,782,000 | 310,000 | |||||||||||||||
right-of-use assets obtained through finance lease obligations | 19,224,000 | |||||||||||||||||||||||||||||
redeemable convertible preferred stock issuance costs included in accrued expenses | ||||||||||||||||||||||||||||||
prepaid rent reclassified to right-of-use assets | ||||||||||||||||||||||||||||||
landlord asset additions included in accounts payable and other liabilities, net of tenant allowances | ||||||||||||||||||||||||||||||
accretion to redemption value and cumulative dividends on redeemable convertible preferred stock | 2,938,000 | 2,874,000 | 2,810,000 | 2,748,000 | ||||||||||||||||||||||||||
net loss | 21,567,000 | -9,392,000 | -18,843,000 | -2,100,000 | -2,969,000 | 20,934,000 | -5,166,000 | -16,313,000 | -4,398,000 | -10,741,000 | -9,649,000 | -15,666,000 | ||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||
deferred tax benefit | -3,837,000 | -1,026,000 | -1,266,000 | -2,198,000 | ||||||||||||||||||||||||||
prepaid expenses and other current assets and other assets | 9,644,000 | -7,819,000 | -5,123,000 | -3,616,000 | 3,879,000 | -4,315,000 | ||||||||||||||||||||||||
landlord assets under construction, net of tenant allowance | ||||||||||||||||||||||||||||||
payments of term loan under the 2021 credit agreement | -1,406,000 | -1,407,000 | -1,406,000 | -1,406,000 | -937,000 | -938,000 | ||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 136,151,000 | 0 | 0 | 104,338,000 | 0 | 0 | 103,290,000 | 0 | 0 | 114,528,000 | ||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | -9,363,000 | -36,799,000 | 110,534,000 | 4,449,000 | 1,131,000 | 89,346,000 | 9,317,000 | 93,000 | 89,415,000 | -4,923,000 | 4,442,000 | 108,502,000 | ||||||||||||||||||
landlord asset additions included in accounts payable and accrued expenses and other current liabilities, net of tenant allowances | ||||||||||||||||||||||||||||||
change in purchases of property and equipment included in accounts payable and accrued expenses | ||||||||||||||||||||||||||||||
accrued expenses and other liabilities | -7,993,000 | |||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable and accrued expenses | 172,000 | -77,000 | 786,000 | 2,264,000 | -104,000 | 1,986,000 | -999,000 | 4,677,000 | 1,869,000 | -2,826,000 | 4,043,000 | 306,000 | -2,064,000 | 1,750,000 | 2,942,000 | |||||||||||||||
write down of capitalized internal-use software costs | 0 | 0 | ||||||||||||||||||||||||||||
payments of deferred acquisition consideration | ||||||||||||||||||||||||||||||
deferred acquisition consideration and earnout liability recorded for business acquisition | 0 | |||||||||||||||||||||||||||||
depreciation | 3,072,000 | 2,982,000 | 2,544,000 | 2,228,000 | 2,694,000 | 1,514,000 | 1,456,000 | 1,528,000 | 1,347,000 | 1,771,000 | 1,937,000 | 1,063,000 | 1,010,000 | 974,000 | 956,000 | 891,000 | 902,000 | 835,000 | 792,000 | 859,000 | 902,000 | |||||||||
amortization of operating lease right-of-use assets | 1,820,000 | 1,834,000 | 1,802,000 | 1,847,000 | 1,829,000 | 1,555,000 | 1,433,000 | 1,129,000 | ||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 1,862,000 | ||||||||||||||||||||||||||
change in fair value of earnout liability | 0 | -927,000 | -2,762,000 | -296,000 | ||||||||||||||||||||||||||
line of credit repayments under the 2019 credit agreement | ||||||||||||||||||||||||||||||
term loan repayments under the 2019 credit agreement | ||||||||||||||||||||||||||||||
proceeds from term loan under the 2021 credit agreement, net of debt discount and issuance cost | 0 | |||||||||||||||||||||||||||||
payment to extinguish debt | 0 | |||||||||||||||||||||||||||||
purchases of property and equipment in accounts payable and accrued expenses | 1,223,000 | 415,000 | ||||||||||||||||||||||||||||
inventory | -3,428,000 | -1,882,000 | -2,163,000 | -2,128,000 | -3,841,000 | -3,521,000 | 80,000 | 439,000 | -4,757,000 | -772,000 | -4,212,000 | 1,057,000 | -404,000 | -3,066,000 | -4,287,000 | -3,223,000 | -1,753,000 | -748,000 | -5,339,000 | |||||||||||
prepaid expenses and other current assets | -1,617,000 | 1,900,000 | -4,774,000 | -379,000 | 1,840,000 | 326,000 | -2,165,000 | 64,000 | 1,551,000 | -1,027,000 | -622,000 | 1,291,000 | -960,000 | 797,000 | -2,099,000 | 74,000 | 86,000 | 178,000 | -963,000 | |||||||||||
payment of deferred acquisition consideration | 0 | 0 | 0 | -483,000 | -466,000 | -526,000 | -2,042,000 | |||||||||||||||||||||||
right-of-use assets obtained through lease obligations | 885,000 | |||||||||||||||||||||||||||||
shares issued for deferred acquisition consideration | 0 | |||||||||||||||||||||||||||||
deferred rent expense | -31,000 | -28,000 | 92,000 | 276,000 | 280,000 | |||||||||||||||||||||||||
gain on settlement of deferred acquisition consideration | 0 | -951,000 | 0 | -1,295,000 | ||||||||||||||||||||||||||
provision recorded for doubtful accounts | 926,000 | 733,000 | 82,000 | 40,000 | ||||||||||||||||||||||||||
cash paid for business acquisition | 0 | |||||||||||||||||||||||||||||
term loan borrowings (repayments) under the 2019 credit agreement | ||||||||||||||||||||||||||||||
proceeds from equity financing | ||||||||||||||||||||||||||||||
payment of equity issuance costs | ||||||||||||||||||||||||||||||
reimbursement of offering expenses included in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||
fair value of shares issued for business acquisition | 0 | |||||||||||||||||||||||||||||
repayments under the 2019 credit agreement | ||||||||||||||||||||||||||||||
payments of term loan | -469,000 | -469,000 | ||||||||||||||||||||||||||||
change in cash, cash equivalents, and restricted cash | -6,026,000 | |||||||||||||||||||||||||||||
change in fair value of warrant liability | ||||||||||||||||||||||||||||||
acquisition of intangible asset | 0 | 0 | ||||||||||||||||||||||||||||
line of credit borrowings (repayments) under the 2019 credit agreement | 0 | |||||||||||||||||||||||||||||
term loan borrowings (repayments) under the 2019 credit agreement, net of debt discount and issuance cost | ||||||||||||||||||||||||||||||
repayment of notes payable | 0 | 0 | 0 | -17,585,000 | ||||||||||||||||||||||||||
redemption of redeemable common stock placed into treasury | 0 | 0 | ||||||||||||||||||||||||||||
proceeds from the exercise of common stock warrants | 0 | 0 | ||||||||||||||||||||||||||||
change in cash and restricted cash | 11,804,000 | 12,417,000 | 12,349,000 | -6,848,000 | 47,920,000 | -3,868,000 | -6,320,000 | -13,296,000 | 37,211,000 | 3,000,000 | -10,504,000 | 9,258,000 | ||||||||||||||||||
cash and restricted cash, beginning of year | ||||||||||||||||||||||||||||||
cash and restricted cash, end of year | ||||||||||||||||||||||||||||||
non-cash deemed dividend related to warrant exchange | 0 | |||||||||||||||||||||||||||||
equity issuance costs included in accounts payable | ||||||||||||||||||||||||||||||
acquisition of intangible assets included in accrued expenses and other liabilities | 0 | |||||||||||||||||||||||||||||
provision recorded for sales returns and doubtful accounts | 704,000 | 1,055,000 | 1,103,000 | -118,000 | 1,589,000 | 753,000 | 217,000 | |||||||||||||||||||||||
cash and restricted cash, beginning of period | 0 | 0 | 84,806,000 | 0 | 0 | 60,370,000 | 0 | 0 | 21,405,000 | |||||||||||||||||||||
cash and restricted cash, end of period | 12,417,000 | 12,349,000 | 77,958,000 | -3,868,000 | -6,320,000 | 47,074,000 | 3,000,000 | -10,504,000 | 30,663,000 | |||||||||||||||||||||
proceeds from the repayment of notes receivable from related parties | 179,000 | 406,000 | 1,433,000 | |||||||||||||||||||||||||||
line of credit borrowings | 0 | 0 | 0 | 2,500,000 | 4,500,000 | |||||||||||||||||||||||||
proceeds from term loan | 0 | 0 | 0 | 10,000,000 | 0 | 10,000,000 | 0 | 40,000,000 | ||||||||||||||||||||||
deferred rent expense and lease incentive obligation | ||||||||||||||||||||||||||||||
recovery of certain notes receivable from related parties | -179,000 | -405,000 | ||||||||||||||||||||||||||||
write-off of deferred offering costs | ||||||||||||||||||||||||||||||
loss of extinguishment of debt | ||||||||||||||||||||||||||||||
changes in fair value of forfeiture rights | ||||||||||||||||||||||||||||||
accrued interest - affiliate debt | ||||||||||||||||||||||||||||||
proceeds from disposal of property and equipment | ||||||||||||||||||||||||||||||
line of credit borrowings (repayments) | ||||||||||||||||||||||||||||||
proceeds from long-term debt - affiliates | ||||||||||||||||||||||||||||||
payment of recapitalization costs | ||||||||||||||||||||||||||||||
repayment of debt and debt issuance cost on affiliate debt | ||||||||||||||||||||||||||||||
principal repayments of capital lease obligations | -651,000 | -627,000 | -605,000 | -544,000 | -403,000 | -306,000 | -348,000 | -209,000 | ||||||||||||||||||||||
payment of debt issuance costs | 0 | -75,000 | -38,000 | -811,000 | ||||||||||||||||||||||||||
fair value of shares issued in connection with investor debt settlement | ||||||||||||||||||||||||||||||
fair value of shares issued in connection with settlement of investor warrants | ||||||||||||||||||||||||||||||
common stock issued in exchange for aphac shares | ||||||||||||||||||||||||||||||
notice of put option exercise of redeemable common shares | ||||||||||||||||||||||||||||||
equipment acquired under capital lease | 126,000 | |||||||||||||||||||||||||||||
debt and equity issuance costs included in accounts payable | ||||||||||||||||||||||||||||||
amounts due related to acquisition of intangible assets included in accrued expenses and other liabilities | ||||||||||||||||||||||||||||||
debt issuance costs included in accounts payable | -38,000 | 113,000 | ||||||||||||||||||||||||||||
exercise of common stock warrants included in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||
impairment of notes receivable | ||||||||||||||||||||||||||||||
provision recorded for inventory reserve | 488,000 | 286,000 | 3,000 | 520,000 | ||||||||||||||||||||||||||
change in fair value of interest rate swap | ||||||||||||||||||||||||||||||
accrued interest—affiliate debt | ||||||||||||||||||||||||||||||
acquisition of nutech medical, net of cash acquired | ||||||||||||||||||||||||||||||
vie deconsolidation | ||||||||||||||||||||||||||||||
proceeds from long-term debt—affiliates | ||||||||||||||||||||||||||||||
proceeds from notes payable—master lease | ||||||||||||||||||||||||||||||
repayment of mortgage notes payables—real estate entities | ||||||||||||||||||||||||||||||
cash contributions from members of affiliates | ||||||||||||||||||||||||||||||
fair value of warrant issued in connection with notes payable | ||||||||||||||||||||||||||||||
extinguishment of subordinated notes—affiliates | ||||||||||||||||||||||||||||||
accretion of redeemable common stock | ||||||||||||||||||||||||||||||
shares issued in connection with nutech medical acquisition | ||||||||||||||||||||||||||||||
deconsolidation of variable interest entities, net of cash | ||||||||||||||||||||||||||||||
issuance of deferred acquisition consideration | ||||||||||||||||||||||||||||||
issuance of contingent consideration forfeiture rights | ||||||||||||||||||||||||||||||
gain on disposal of property and equipment | ||||||||||||||||||||||||||||||
benefit recorded for sales returns and doubtful accounts | -76,000 | |||||||||||||||||||||||||||||
proceeds from long—term debt—affiliates | ||||||||||||||||||||||||||||||
proceeds from notes payable | ||||||||||||||||||||||||||||||
non-cash interest income | -19,000 | |||||||||||||||||||||||||||||
non-cash rent expense | 49,000 | |||||||||||||||||||||||||||||
redemption of redeemable common stock | -6,762,000 | |||||||||||||||||||||||||||||
exercise of common stock warrants included in prepaids and other current assets | 628,000 | |||||||||||||||||||||||||||||
line of credit borrowings (repayment) | ||||||||||||||||||||||||||||||
notes payables—related party borrowings (repayment) | ||||||||||||||||||||||||||||||
proceeds from equity financing, net of issuance costs | ||||||||||||||||||||||||||||||
distributions to non-controlling interest in affiliates | ||||||||||||||||||||||||||||||
borrowing from affiliates | ||||||||||||||||||||||||||||||
fair value of shares issued in connection with settlement of warrants | ||||||||||||||||||||||||||||||
common stock issued in exchange for ahpac shares | ||||||||||||||||||||||||||||||
fair value of warrant issued in connection with subordinated notes | ||||||||||||||||||||||||||||||
debt issuance costs included in accrued expenses | ||||||||||||||||||||||||||||||
net income/ | ||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash from operating activities: | ||||||||||||||||||||||||||||||
gain on extinguishment of deferred underwriting fee payable | ||||||||||||||||||||||||||||||
interest/dividend income received in the trust account | -1,463,601 | |||||||||||||||||||||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||
accrued interest/dividends receivable held in trust account | ||||||||||||||||||||||||||||||
prepaid expenses | 73,749 | |||||||||||||||||||||||||||||
accrued expenses | 1,888,533 | |||||||||||||||||||||||||||||
proceeds from note payable to sponsor | 225,000 | |||||||||||||||||||||||||||||
payment of offering costs | ||||||||||||||||||||||||||||||
net cash provided by/(used) in financing activities | 225,000 | |||||||||||||||||||||||||||||
net change in cash | -61,706 | |||||||||||||||||||||||||||||
cash at beginning of period | 0 | |||||||||||||||||||||||||||||
cash at end of period | -61,706 | |||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities: | ||||||||||||||||||||||||||||||
change in ordinary shares subject to possible redemption | 4,936,410 | |||||||||||||||||||||||||||||
accrued interest receivable held in trust account | ||||||||||||||||||||||||||||||
description | ||||||||||||||||||||||||||||||
investments and cash held in trust account | ||||||||||||||||||||||||||||||
total | ||||||||||||||||||||||||||||||
principal deposited in trust account | ||||||||||||||||||||||||||||||
repayment of note payable to sponsor | ||||||||||||||||||||||||||||||
proceeds from issuance of class b ordinary shares to sponsor | ||||||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriters' compensation | ||||||||||||||||||||||||||||||
proceeds from issuance of private placement warrants | ||||||||||||||||||||||||||||||
net cash from/(used) in financing activities | ||||||||||||||||||||||||||||||
deferred underwriting compensation | ||||||||||||||||||||||||||||||
offering costs included in deferred offering costs | ||||||||||||||||||||||||||||||
initial classification of ordinary shares subject to possible redemption | ||||||||||||||||||||||||||||||
net cash from operating activities: | ||||||||||||||||||||||||||||||
net cash from financing activities: | ||||||||||||||||||||||||||||||
net decrease in cash | ||||||||||||||||||||||||||||||
exhibit number | ||||||||||||||||||||||||||||||
31.1* | ||||||||||||||||||||||||||||||
31.2* | ||||||||||||||||||||||||||||||
32.1* | ||||||||||||||||||||||||||||||
32.2* | ||||||||||||||||||||||||||||||
101.ins* | ||||||||||||||||||||||||||||||
101.sch* | ||||||||||||||||||||||||||||||
101.cal* | ||||||||||||||||||||||||||||||
101.def* | ||||||||||||||||||||||||||||||
101.lab* | ||||||||||||||||||||||||||||||
101.pre* |
