XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 161,937 $ 165,989 $ 157,643
Cost of sales (excluding amortization, shown separately below) 53,441 48,956 42,217
Gross profit 108,496 117,033 115,426
Research and development expenses 12,062 12,931 12,357
Selling, general and administrative expenses 52,550 52,609 53,860
Amortization of intangibles 42,648 42,985 43,731
Impairment of goodwill 0 6,380 0
Grant income 0 0 (2,974)
Operating income 1,236 2,128 8,452
Other (expense) income (4,114) 14,046 1,491
Debt modification and extinguishment expenses 0 0 (5,028)
(Loss) gain on foreign currency exchange (9,333) 2,096 (2,836)
Interest expense, net (22,206) (21,774) (23,669)
Loss before income taxes (34,417) (3,504) (21,590)
Income tax (benefit) expense (613) 2,578 31,376
Net loss before non-controlling interest (33,804) (6,082) (52,966)
Less: Net (loss) income attributable to redeemable non-controlling interest (447) (659) 745
Net loss attributable to AgroFresh Solutions, Inc. (33,357) (5,423) (53,711)
Less: Dividends on convertible preferred stock 26,429 24,921 10,488
Net loss attributable to AgroFresh Solutions, Inc. common stockholders $ (59,786) $ (30,344) $ (64,199)
Net loss per share:      
Basic (in dollars per share) $ (1.15) $ (0.59) $ (1.26)
Diluted (in dollars per share) $ (1.15) $ (0.59) $ (1.26)
Weighted average shares outstanding:      
Basic (in shares) 52,192 51,410 50,770
Diluted (in shares) 52,192 51,410 50,770