XML 20 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (36,261) $ (44,566)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 8,405 8,481
Unrealized (gain) loss on foreign currency (958) 142
Stock based compensation 1,122 3,940
Change in fair value of warrants 593 3,416
Change in fair value of derivative liability 1,005 1,575
Amortization of debt discount and deferred issuance costs 1,345 1,154
Deferred income tax (21) 507
Provision for doubtful accounts 223 574
Unrealized gain on investment 0 (1,260)
Gain on disposition of assets (175) 0
Non-cash lease expense 5,034 4,690
Changes in operating assets and liabilities:    
Accounts receivable 43,837 44,227
Prepaid expenses and other current assets and prepaid expenses and other assets 1,979 2,864
Accounts payable (95) (5,741)
Accrued compensation (12,772) (10,117)
Accrued expenses, other current liabilities and other liabilities (5,183) (4,688)
Lease liabilities (5,862) (5,517)
Deferred revenue (2,395) 1,461
Cash (used in) provided by operating activities (179) 1,142
Investing activities:    
Capital expenditures (402) (2,369)
Capitalization of internal-use software (3,974) (3,553)
Proceeds from sale of asset 175 0
Cash used in investing activities (4,201) (5,922)
Financing activities:    
Proceeds from exercise of stock options 29 358
Payment for shares withheld for employee taxes (193) 0
Payment on Revolving Credit Facility (1,317) 0
Deferred reverse recapitalization costs 0 (585)
Cash used in financing activities (1,481) (227)
Effect of currency translation on cash and cash equivalents 34 (186)
Net decrease in cash and cash equivalents (5,827) (5,193)
Cash and cash equivalents at beginning of period 55,774 79,733
Cash and cash equivalents at end of period $ 49,947 $ 74,540