XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 19,982 $ 21,183 $ 53,005 $ 60,123
Cost of sales (excluding amortization, shown separately below) 6,453 6,289 14,981 17,624
Gross Profit 13,529 14,894 38,024 42,499
Research and development expenses 2,895 3,257 5,537 7,154
Selling, general and administrative expenses 12,722 16,148 26,431 32,046
Amortization of intangibles 10,936 11,766 21,893 23,382
Impairment of long lived assets 0 992 0 992
Change in fair value of contingent consideration 0 167 0 357
Grant income (2,974) 0 (2,974) 0
Operating loss (10,050) (17,436) (12,863) (21,432)
Other (expense) income (7) (26) 1,500 (38)
Gain (loss) on foreign currency exchange 449 (2,519) 1,076 (2,938)
Interest expense, net (6,513) (8,670) (13,479) (17,415)
Loss before income taxes (16,121) (28,651) (23,766) (41,823)
Income taxes expense (benefit) 630 (6,290) (3,201) (6,877)
Net loss including non-controlling interests (16,751) (22,361) (20,565) (34,946)
Less: Net loss attributable to non-controlling interests (197) (92) (363) (58)
Net loss attributable to AgroFresh Solutions, Inc $ (16,554) $ (22,269) $ (20,202) $ (34,888)
Net loss per share:        
Basic (in dollars per share) $ (0.33) $ (0.45) $ (0.41) $ (0.70)
Diluted (in dollars per share) $ (0.33) $ (0.45) $ (0.41) $ (0.70)
Weighted average shares outstanding:        
Basic (in shares) 50,758,273 50,146,513 50,646,522 50,094,822
Diluted (in shares) 50,758,273 50,146,513 50,646,522 50,094,822