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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 145,915 $ 187,672
Marketable securities 0 45,117
Customer funds 16,951 22,541
Accounts receivable, net 43,979 34,394
Prepaid expenses 5,881 3,715
Deferred implementation and commission costs, current portion 4,995 5,060
Other current assets 1,607 1,164
Total current assets 219,328 299,663
Property and equipment, net 9,768 15,516
Operating lease right-of-use assets 15,378 28,623
Goodwill 115,970 88,148
Intangible assets, net 42,116 24,339
Deferred implementation and commission costs, net of current portion 9,686 9,238
Other assets 5,173 5,122
Total assets 417,419 470,649
Current liabilities:    
Customer funds payable 16,951 22,541
Accounts payable 2,633 2,968
Accrued expenses and other current liabilities 55,486 46,426
Deferred revenue, current portion 27,093 24,983
Total current liabilities 102,163 96,918
Operating lease liabilities, net of current portion 31,302 32,461
Customer postage deposits 10,334 10,081
Deferred revenue, net of current portion 8,406 14,259
Deferred taxes 8,817 4,338
Other non-current liabilities 4,617 2,958
Total liabilities 165,639 161,015
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value,10,000 shares authorized; no shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 540,506 516,987
Accumulated deficit (271,524) (206,077)
Accumulated other comprehensive loss (17,219) (1,292)
Total stockholders’ equity 251,780 309,634
Total liabilities and stockholders’ equity 417,419 470,649
Class 1 Common Stock    
Stockholders' equity:    
Common stock 17 15
Class 2 Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 1