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Acquisition (Tables)
 3 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Pro Forma Financial Information
The following table presents management's preliminary purchase price allocation:

(in thousands)Purchase price allocation
Cash$4,244 
Accounts receivable2,208 
Property and equipment307 
Developed technology18,200 
Customer relationships39,000 
Trade name and trademarks6,600 
Non-competition agreements4,800 
Prepaid and other acquired assets774 
Goodwill132,140 
Total assets208,273 
Accounts payable317 
Accrued expenses4,459 
Deferred revenue5,443 
Deferred taxes8,349 
Consideration paid$189,705 
Schedule of Pro Forma Financial Information
The following table summarizes the Company's unaudited pro forma results of operations for the three months ended March 31, 2024 and 2023 as if the Stuzo Acquisition had occurred on January 1, 2023:

Three Months Ended March 31,
(in thousands)20242023
Total revenue$113,070 $110,202 
Net loss(25,186)(8,158)
The unaudited pro forma results presented above are for illustrative purposes only and do not reflect the realization of actual cost savings or any related integration costs. The unaudited pro forma results do not purport to be indicative of the results that would have been obtained, or to be a projection of results that may be obtained in the future. These unaudited pro forma results include certain adjustments, primarily due to increases in amortization expense due to the fair value adjustments of intangible assets, acquisition related costs and the impact of income taxes on the pro forma adjustments. $2.4 million of acquisition costs have been reflected in the 2023 pro forma results.