Annual report pursuant to Section 13 and 15(d)

Quarterly Unaudited Financial Statements - Consolidated Balance Sheets (Details)

v3.23.1
Quarterly Unaudited Financial Statements - Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Current assets                  
Cash $ 34,645 $ 42,925 $ 40,441 $ 31,914 $ 85,976 $ 72,689 $ 8,300 $ 13,134  
Accounts receivable, net 44,538 41,712 51,044 57,439 51,615 52,895 47,841 42,358  
Inventories, net 10,051 8,272 9,897 11,789 15,470 12,147 9,864 6,627  
Income taxes receivable 502 1,532 901 1,225 934 704 724 327  
Prepaid expenses and other current assets 13,484 12,930 8,703 7,274 7,363 14,960 14,726 9,908  
Total current assets 103,220 107,371 110,986 109,641 161,358 153,395 81,455 72,354  
Non-current assets                  
Restricted cash 362 358 363 370 367 367 371 372  
Property and equipment, net 11,899 12,141 11,890 12,167 12,240 12,630 12,606 13,338  
Intangibles assets, net 192,504 200,398 210,946 221,856 202,550 211,688 221,024 228,939  
Goodwill 369,706 427,057 427,579 428,153 383,415 383,643 383,880 383,736 $ 384,202
Operating lease right-of-use assets 10,019 10,430 8,110 8,565          
Operating lease right-of-use assets           114 119 122  
Deferred tax assets 55 565     0        
Other long-term assets 971 653 381 401 407 458 3,531 2,595  
Total assets 688,736 758,973 770,255 781,153 760,337 762,295 702,986 701,456  
Current liabilities                  
Bank indebtedness             22,000 20,000  
Accounts payable 17,835 18,201 19,288 19,901 16,004 20,522 23,181 19,515  
Accrued liabilities 15,793 14,590 15,660 11,676 22,353        
Accrued liabilities         22,353 27,505 13,377 9,763  
Current portion of capital lease obligations 1,811 1,872 1,976 1,643          
Current portion of capital lease obligations         191 528 641 504  
Income taxes payable 207 0 0 554 467 596 640 710  
Deferred revenue 7,817 7,012 7,014 7,020 6,889 6,797 7,074 7,634  
Current portion of long-term debt and other borrowings, net 5,345 5,319 3,165 3,206 3,326 3,153 3,153 3,153  
Total current liabilities 48,808 46,994 47,103 44,000 49,039 59,101 70,066 61,279  
Non-current liabilities                  
Deferred tax liabilities 25,248 33,454 35,034 38,196 37,925 36,378 40,462 42,375  
Due to related parties           1,122 1,565 1,539  
Warrant liability 33 33 153 259 286 273 13,561 13,520  
Non-current portion of operating lease liabilities 9,275 9,501 6,852 7,430          
Long-term portion of capital lease obligations           304 362 420  
Long-term debt and other borrowings, net 413,910 414,683 413,788 414,026 399,115 378,356 297,773 298,010  
Other long-term liabilities   8,585 8,129 7,384          
Other long-term liabilities         6,450 7,199 7,155 6,802  
Total liabilities 508,064 513,250 511,059 511,295 492,815 482,733 430,944 423,945  
Total temporary equity 0       0 0 278,520 270,988 263,595
Stockholders’ equity                  
Common stock, voting; par value $0.0001 per share; 315,000,000 shares authorized, 72,027,743 shares issued and outstanding at December 31, 2021 8 8 8 8 7 7 3 3  
Additional paid-in capital 435,292 432,566 429,547 427,046 413,315 412,985 121,321 128,538  
Accumulated other comprehensive loss (6,390) (8,174) (5,959) (3,586) (3,463) (3,295) (2,040) (2,458)  
Accumulated deficit (248,238) (178,677) (164,400) (153,610) (142,337) (130,135) (125,762) (119,560)  
Total stockholders’ equity 180,672 245,723 259,196 269,858 267,522 279,562 (6,478) 6,523 16,496
Total liabilities and stockholders’ equity $ 688,736 758,973 770,255 781,153 760,337 762,295 702,986 701,456  
As previously reported                  
Current assets                  
Cash   42,925 40,441 31,914 85,976 72,689 8,300 13,134  
Accounts receivable, net   41,237 50,767 57,073 51,304 52,638 47,639 42,210  
Inventories, net   8,272 9,897 12,069 15,470 12,147 9,864 6,627  
Income taxes receivable   711 712 1,239 954 418 441 324  
Prepaid expenses and other current assets   13,316 9,089 7,660 7,448 14,540 14,246 10,811  
Total current assets   106,461 110,906 109,955 161,152 152,432 80,490 73,106  
Non-current assets                  
Restricted cash   358 363 370 367 367 371 372  
Property and equipment, net   12,141 11,890 12,167 12,240 12,630 12,606 13,338  
Intangibles assets, net   201,260 211,829 222,759 203,474 212,633 221,990 229,926  
Goodwill   425,604 426,126 426,700 381,962 382,190 382,427 382,283  
Operating lease right-of-use assets   10,430 7,914 9,050          
Operating lease right-of-use assets           114 119 122  
Deferred tax assets   566              
Other long-term assets   653 381 401 407 458 3,531 2,595  
Total assets   757,473 769,409 781,402 759,602 760,824 701,534 701,742  
Current liabilities                  
Bank indebtedness             22,000 20,000  
Accounts payable   18,201 19,288 19,901 16,004 20,522 23,181 19,515  
Accrued liabilities   14,290 15,348 11,424 22,353        
Accrued liabilities         21,311 26,362 12,496 8,685  
Current portion of capital lease obligations   1,872 1,764 2,027          
Current portion of capital lease obligations         191 528 641 504  
Income taxes payable   381 502 959 467 706 640 730  
Deferred revenue   7,012 7,698 7,020 6,889 6,797 7,074 7,634  
Current portion of long-term debt and other borrowings, net   5,319 3,165 3,206 3,326 3,153 3,153 3,153  
Total current liabilities   47,075 47,765 44,537 48,188 58,068 69,185 60,221  
Non-current liabilities                  
Deferred tax liabilities   29,926 32,618 36,443 36,722 34,580 38,474 41,393  
Due to related parties           1,122 1,565 1,539  
Warrant liability   33 153 259 286 273 13,561 13,520  
Non-current portion of operating lease liabilities   9,501 6,852 7,430          
Long-term portion of capital lease obligations         264 304 362 420  
Long-term debt and other borrowings, net   414,683 413,788 414,026 399,115 378,356 297,773 298,010  
Other long-term liabilities   4,794 4,349 3,624          
Other long-term liabilities         2,884 4,154 4,296 4,194  
Total liabilities   506,012 505,525 506,319 487,459 476,857 425,216 419,297  
Total temporary equity         0 0 278,520 271,288 263,895
Stockholders’ equity                  
Common stock, voting; par value $0.0001 per share; 315,000,000 shares authorized, 72,027,743 shares issued and outstanding at December 31, 2021   8 8 8 7 7 3 3  
Additional paid-in capital   432,897 429,878 427,377 413,646 413,316 121,321 128,538  
Accumulated other comprehensive loss   (8,491) (6,074) (3,515) (3,331) (3,156) (1,834) (2,577)  
Accumulated deficit   (172,953) (159,928) (148,787) (138,179) (126,200) (121,692) (114,807)  
Total stockholders’ equity   251,461 263,884 275,083 272,143 283,967 (2,202) 11,157 20,216
Total liabilities and stockholders’ equity   757,473 769,409 781,402 759,602 760,824 701,534 701,742  
Adjustments                  
Non-current liabilities                  
Total temporary equity               (300) (300)
Stockholders’ equity                  
Total stockholders’ equity   (5,738) (4,688) (5,225) (4,621) (4,405) (4,276) (4,634) $ (3,720)
Adjustments | Income tax adjustments                  
Non-current liabilities                  
Deferred tax liabilities   2,497 1,801 1,627 1,435 1,419 1,378 1,326  
Other long-term liabilities   2,013 2,102 2,112          
Other long-term liabilities         1,994 1,986 1,796 1,658  
Total liabilities   4,510 3,903 3,739 3,429 3,405 3,174 2,984  
Stockholders’ equity                  
Accumulated other comprehensive loss   403 201 15 (46) (53) (120) (95)  
Accumulated deficit   (4,913) (4,104) (3,754) (3,383) (3,352) (3,054) (2,889)  
Total stockholders’ equity   (4,510) (3,903) (3,739) (3,429) (3,405) (3,174) (2,984)  
Adjustments | Indirect tax adjustments                  
Non-current liabilities                  
Other long-term liabilities   1,493 1,414 1,335          
Other long-term liabilities         1,257 1,142 1,028 914  
Total liabilities   1,493 1,414 1,335 1,257 1,142 1,028 914  
Stockholders’ equity                  
Accumulated deficit   (1,493) (1,414) (1,335) (1,257) (1,142) (1,028) (914)  
Total stockholders’ equity   (1,493) (1,414) (1,335) (1,257) (1,142) (1,028) (914)  
Adjustments | Other Adjustments                  
Current assets                  
Accounts receivable, net   475 277 366 311 257 202 148  
Inventories, net       (280)          
Income taxes receivable   821 189 (14) (20) 286 283 3  
Prepaid expenses and other current assets   (386) (386) (386) (85) 420 480 (903)  
Total current assets   910 80 (314) 206 963 965 (752)  
Non-current assets                  
Intangibles assets, net   (862) (883) (903) (924) (945) (966) (987)  
Goodwill   1,453 1,453 1,453 1,453 1,453 1,453 1,453  
Operating lease right-of-use assets     196 (485)          
Deferred tax assets   (1)              
Total assets   1,500 846 (249) 735 1,471 1,452 (286)  
Current liabilities                  
Accrued liabilities   300 312 252          
Accrued liabilities         1,042 1,143 881 1,078  
Current portion of capital lease obligations     212 (384)          
Current portion of capital lease obligations         (191)        
Income taxes payable   (381) (502) (405)   (110)   (20)  
Deferred revenue     (684)            
Total current liabilities   (81) (662) (537) 851 1,033 881 1,058  
Non-current liabilities                  
Deferred tax liabilities   1,031 615 126 (232) 379 610 (344)  
Long-term portion of capital lease obligations         (264)        
Other long-term liabilities   285 264 313          
Other long-term liabilities         315 (83) 35 36  
Total liabilities   1,235 217 (98) 670 1,329 1,526 750  
Total temporary equity               (300)  
Stockholders’ equity                  
Additional paid-in capital   (331) (331) (331) (331) (331)      
Accumulated other comprehensive loss   (86) (86) (86) (86) (86) (86) 214  
Accumulated deficit   682 1,046 266 482 559 12 (950)  
Total stockholders’ equity   265 629 (151) 65 142 (74) (736)  
Total liabilities and stockholders’ equity   $ 1,500 $ 846 $ (249) $ 735 $ 1,471 $ 1,452 $ (286)