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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Total revenues $ 132,645 $ 113,765
Operating expenses:    
Cost of revenues [1] 40,251 31,937
Research and development [1] 18,186 20,736
Sales and marketing [1] 45,722 42,678
Editorial [1] 17,869 15,956
General and administrative [1] 65,550 77,801
Amortization of intangible assets [1] 11,509 10,451
Impairment of goodwill and other long-lived assets [1] 32,064  
Transaction (gains) costs, net [1] (767) 2,395
Total operating expenses [1] 230,384 201,954
Operating loss (97,739) (88,189)
Interest expense, net 29,940 95,741
Change in fair value of financial instruments (15,983) (12,747)
Gain on PPP loan upon extinguishment   (7,667)
Loss on debt extinguishment, net   45,250
Loss on settlement 3,474 11,700
Other expense, net 68 1,045
Net loss before income taxes (115,238) (221,511)
Provision (benefit) from income taxes 223 (3,254)
Net loss (115,461) (218,257)
Other comprehensive income (loss) 163 (154)
Total comprehensive loss (115,298) (218,411)
Net loss (115,461) (218,257)
Deemed dividend   (26,570)
Net loss used to compute basic loss per share (115,461) (244,827)
Net loss used to compute diluted loss per share $ (115,461) $ (244,827)
Earnings (loss) per share attributable to common shareholders:    
Basic $ (0.88) $ (3.68)
Diluted $ (0.88) $ (3.68)
Weighted average shares used in computing earnings (loss) per share attributable to common shareholders:    
Basic 131,400,109 66,513,704
Diluted 131,400,109 66,513,704
Subscription    
Revenues:    
Total revenues $ 119,082 $ 100,522
Advisory, advertising, and other    
Revenues:    
Total revenues $ 13,563 $ 13,243
[1]

(1) Amounts include stock-based compensation expenses, as follows:

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

Cost of revenues

 

$

283

 

 

$

81

 

Research and development

 

 

1,384

 

 

 

1,007

 

Sales and marketing

 

 

2,057

 

 

 

762

 

Editorial

 

 

400

 

 

 

603

 

General and administrative

 

 

22,933

 

 

 

35,594