Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Other Receivables

 

 

As of

 

 

 

December 31, 2022

 

 

December 31, 2021

 

Payroll tax withholding and exercise proceeds receivable

 

$

273

 

 

$

8,477

 

Construction receivable

 

 

6,199

 

 

 

5,574

 

Income tax receivable

 

 

4,387

 

 

 

4,935

 

Insurance receivable

 

 

2,627

 

 

 

2,594

 

Other

 

 

1,696

 

 

 

1,216

 

    Total other receivables

 

$

15,182

 

 

$

22,796

 

Schedule of Inventory

Inventory for the periods presented is as follows:

 

 

As of

 

 

 

December 31, 2022

 

 

December 31, 2021

 

Chemical washing solutions

 

$

9,357

 

 

$

6,406

 

Other

 

 

 

 

 

52

 

    Total inventory, gross

 

 

9,357

 

 

 

6,458

 

Reserve for obsolescence

 

 

(183

)

 

 

(124

)

    Total inventory, net

 

$

9,174

 

 

$

6,334

 

Schedule of Composition of Revenue

The following table summarizes the composition of the Company's net revenues for the periods presented:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Recognized over time

 

$

593,067

 

 

$

486,580

 

 

$

339,836

 

Recognized at a point in time

 

 

282,424

 

 

 

268,981

 

 

 

232,210

 

Other revenue

 

 

1,015

 

 

 

2,796

 

 

 

2,895

 

  Net revenues

 

$

876,506

 

 

$

758,357

 

 

$

574,941

 

Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net Income (Loss) Per Share Reconciliations of the numerators and denominators of the basic and diluted net income (loss) per share calculations for the periods presented are as follows:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

112,900

 

 

$

(22,045

)

 

$

60,403

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

   Weighted-average common shares outstanding - basic

 

 

303,372,095

 

 

 

280,215,579

 

 

 

261,773,267

 

   Effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

       Stock options

 

 

23,617,488

 

 

 

 

 

 

14,147,100

 

       Restricted stock units

 

 

555,495

 

 

 

 

 

 

 

       Employee stock purchase plan

 

 

15,329

 

 

 

 

 

 

 

   Weighted-average common shares outstanding - diluted

 

 

327,560,407

 

 

 

280,215,579

 

 

 

275,920,367

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share - basic

 

$

0.37

 

 

$

(0.08

)

 

$

0.23

 

Net income (loss) per share - diluted

 

$

0.34

 

 

$

(0.08

)

 

$

0.22

 

Schedule of Antidilutive Shares Excluded from Computation of Diluted Net Income (Loss) Per Share

The following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been antidilutive:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Stock options

 

 

2,204,216

 

 

 

30,752,951

 

 

 

22,693

 

Restricted stock units

 

 

62,140

 

 

 

1,683,077

 

 

 

 

Employee stock purchase plan

 

 

49,645

 

 

 

194,263