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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net (loss) $ (41,008) $ (78,029)
Less: net loss from discontinued operations, net of tax 9,924 14,109
Net loss from continuing operations (31,084) (63,920)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,755 16,396
Unrealized (gain) loss on foreign currency (1,923) 30
Stock based compensation 4,238 4,524
Change in fair value of warrants 582 94
Change in fair value of derivative liability 0 (150)
Amortization of debt discount and deferred issuance costs 4,052 3,542
Deferred income tax (462) 404
Provision for doubtful accounts (355) (10)
Loss (gain) on investment 0 3,500
Gain on disposition of assets (1,250) (175)
Non-cash lease expense 13,528 15,460
Changes in operating assets and liabilities:    
Accounts receivable 27,815 54,823
Prepaid expenses and other current assets and prepaid expenses and other assets 3,783 (1,540)
Accounts payable (30,710) 14,421
Accrued compensation 1,528 (16,299)
Accrued expenses, other current liabilities and other liabilities 4,181 (10,451)
Lease liabilities (16,469) (18,028)
Deferred revenue (581) (569)
Cash (used in) provided by operating activities from continuing operations (7,372) 2,052
Cash used in operating activities from discontinued operations (8,752) (4,415)
Cash used in operating activities (16,124) (2,363)
Investing activities:    
Capital expenditures (500) (761)
Capitalization of internal-use software (9,294) (10,920)
Proceeds from sale of asset 350 175
Cash used in investing activities from continuing operations (9,444) (11,506)
Cash provided by investing activities from discontinued operations 108,575 0
Cash provided by (used in) investing activities 99,131 (11,506)
Financing activities:    
Proceeds from exercise of stock options 1 29
Payment for shares withheld for employee taxes (291) (407)
Borrowings on Revolving Credit Facility 0 2,128
Payments on Revolving Credit Facility (33,837) (1,796)
Payment on Convertible Notes (31,233) 0
Proceeds from the issuance of common stock in connection with the at-the-market offering, net of issuance costs 660 902
Payment of early termination fee for Revolving Credit Facility (500) 0
Cash (used in) provided by financing activities (65,200) 856
Effect of currency translation on cash and cash equivalents 279 (291)
Net increase (decrease) in cash and cash equivalents 18,086 (13,304)
Cash and cash equivalents at beginning of period 35,637 55,774
Cash and cash equivalents at end of period $ 53,723 $ 42,470