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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net (Loss) Income $ (24,275) $ 13,608
Adjustments to reconcile net loss to net cash used in operating activities:    
Credit loss expense (gain) 1,570 (246)
Depreciation and amortization 6,250 6,575
Amortization of financing costs charged to interest expense 445 407
Amortization of right-of-use assets 549 1,235
Stock-based compensation expense 10,985 7,968
Change in contingent consideration (5,817) 34,584
Other non-cash expense (income), net 667 (905)
Change in operating assets and liabilities:    
Accounts receivable 13,323 21,405
Prepaid expenses and other assets (3,450) (369)
Accounts payable 125 (1,691)
Increase (Decrease) in Accrued Liabilities (7,634) (3,136)
Partner Share liability (13,291) (9,701)
Consumer Incentive liability (8,698) (10,630)
Net cash used in operating activities (17,617) (10,064)
Investing activities    
Acquisition of property and equipment (651) (360)
Capitalized software development costs (4,096) (2,442)
Net cash used in investing activities (4,747) (2,802)
Financing activities    
Proceeds from issuance of debt 0 30,000
Settlement of contingent consideration 20,074 0
Principal payments of debt 0 (4)
Proceeds from issuance of common stock 48,634 0
Deferred financing costs (239) (15)
Net cash provided by financing activities 28,321 29,981
Effect of exchange rates on cash, cash equivalents and restricted cash (21) 176
Net increase in cash, cash equivalents and restricted cash 5,936 17,291
Cash, cash equivalents, and restricted cash — Beginning of period 91,830 121,985
Cash, cash equivalents, and restricted cash — End of period 97,766 139,276
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:    
Cash and cash equivalents 97,766 139,194
Restricted cash 0 82
Total cash, cash equivalents and restricted cash — End of period 97,766 139,276
Supplemental schedule of non-cash investing and financing activities:    
Cash paid for interest 1,862 1,268
Amounts accrued for property and equipment 98 0
Amounts accrued for capitalized software development costs 135 0
Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below) $ 27,451 $ 0