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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 25,488 $ 32,042 $ 77,885 $ 86,302
Operating expenses:        
Cost of revenues 958 1,184 2,707 3,386
Selling and marketing 13,699 13,928 40,655 44,695
Research and development 2,775 3,009 8,312 9,212
General and administrative 3,823 1,157 10,645 4,607
Total operating expenses 21,255 19,278 62,319 61,900
Income from operations 4,233 12,764 15,566 24,402
Other income (expense), net:        
Interest income, net 523 283 1,201 718
Other expense, net (598) (1,333) (1,226) (1,281)
Change in fair value of warrant liability (228)   6,973  
Loss on disposal of assets, net   (526) (68) (526)
Income before income taxes 3,930 11,188 22,446 23,313
Provision for income taxes (1,074) (3,678) (5,117) (7,816)
Net income 2,856 7,510 17,329 15,497
Net income attributable to noncontrolling interest 1,732 3,534 5,145 7,424
Net income attributable to common stockholders $ 1,124 $ 3,976 $ 12,184 $ 8,073
Net income per share attributable to common stockholders, basic $ 0.01 $ 0.06 $ 0.14 $ 0.13
Net income per share attributable to common stockholders, diluted $ 0.01 $ 0.05 $ 0.05 $ 0.1
Weighted average shares used in calculating net income per share attributable to common stockholders, basic 85,643,646 63,588,119 84,807,041 63,588,119
Weighted average shares used in calculating net income per share attributable to common stockholders, diluted 102,640,373 78,904,324 102,505,585 78,907,695
Other comprehensive income:        
Net income $ 2,856 $ 7,510 $ 17,329 $ 15,497
Foreign currency translation adjustments 1,632 340 1,071 (2,396)
Comprehensive income 4,488 7,850 18,400 13,101
Net income attributable to noncontrolling interest 1,732 3,534 5,145 7,424
Foreign currency translation adjustments attributable to noncontrolling interest 568 153 373 (1,060)
Comprehensive income attributable to noncontrolling interest 2,300 3,687 5,518 6,364
Comprehensive income attributable to common stockholders $ 2,188 $ 4,163 $ 12,882 $ 6,737