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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 58,409 $ 64,718 $ 217,229 $ 205,209
Operating costs and expenses:        
Marketing and advertising 29,665 29,035 95,185 85,343
Customer care and enrollment 39,321 38,901 100,773 93,951
Technology and content 12,264 13,241 38,613 42,047
General and administrative 20,297 22,937 62,318 72,310
Impairment, restructuring and other charges 61 0 9,409 0
Total operating costs and expenses 101,608 104,114 306,298 293,651
Loss from operations (43,199) (39,396) (89,069) (88,442)
Interest expense (2,859) (2,822) (8,517) (8,122)
Other income, net 1,699 2,684 6,425 7,500
Loss before income taxes (44,359) (39,534) (91,161) (89,064)
Benefit from income taxes (1,886) (2,509) (3,736) (8,660)
Net loss (42,473) (37,025) (87,425) (80,404)
Preferred stock dividends (5,643) (5,320) (16,603) (15,644)
Change in preferred stock redemption value (5,832) (4,898) (16,619) (12,158)
Net loss attributable to common stockholders $ (53,948) $ (47,243) $ (120,647) $ (108,206)
Net loss per share attributable to common stockholders:        
Basic (in dollars per share) $ (1.83) $ (1.68) $ (4.13) $ (3.88)
Diluted (in dollars per share) $ (1.83) $ (1.68) $ (4.13) $ (3.88)
Weighted-average number of shares used in per share amounts:        
Basic (in shares) 29,485 28,114 29,211 27,863
Diluted (in shares) 29,485 28,114 29,211 27,863
Comprehensive loss:        
Net loss $ (42,473) $ (37,025) $ (87,425) $ (80,404)
Unrealized holding gain (loss) on available for sale debt securities, net of tax 99 (15) 78 5
Foreign currency translation adjustments 118 73 130 (65)
Comprehensive loss (42,256) (36,967) (87,217) (80,464)
Commission        
Revenue:        
Total revenue 48,222 57,239 185,996 185,428
Other        
Revenue:        
Total revenue $ 10,187 $ 7,479 $ 31,233 $ 19,781