UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2021

or

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from              to

Commission file number 001-35108

SERVICESOURCE INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	81-0578975
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
707 17th Street, 25th Floor
Denver, Colorado	80202
(Address of principal executive offices)	(Zip Code)

(720) 889-8500

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.0001 Par Value	SREV	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 Yes ☒   No  ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 Yes ☒   No  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated Filer	☒
Non-accelerated filer	☐	Smaller reporting company	☒
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  ☐    No  ☒

As of October 28, 2021, 99,067,482 shares of common stock of ServiceSource International, Inc. were outstanding.

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)	3
Consolidated Balance Sheets	3
Consolidated Statements of Operations	4
Consolidated Statements of Comprehensive Loss	5
Consolidated Statements of Stockholders’ Equity	6
Consolidated Statements of Cash Flows	7
Notes to Consolidated Financial Statements	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	17
Item 3. Quantitative and Qualitative Disclosures About Market Risk	26
Item 4. Controls and Procedures	26
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	26
Item 1A. Risk Factors	26
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	26
Item 3. Defaults Upon Senior Securities	26
Item 4. Mine Safety Disclosures	26
Item 5. Other Information	27
Item 6. Exhibits	27
Glossary of Terms	28

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (unaudited)

ServiceSource International, Inc.

Consolidated Balance Sheets

(in thousands, except per share and par value amounts)

(unaudited)

	September 30, 2021		December 31, 2020
Assets
Current assets:
Cash and cash equivalents	$	30,170	$	34,006
Accounts receivable, net		35,464		38,890
Prepaid expenses and other		8,599		9,275
Total current assets		74,233		82,171
Property and equipment, net		21,540		29,948
ROU assets		22,706		29,798
Contract acquisition costs		604		872
Goodwill		6,334		6,334
Other assets		4,109		3,490
Total assets	$	129,526	$	152,613
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	3,003	$	1,204
Accrued expenses		3,203		3,217
Accrued compensation and benefits		19,147		18,342
Revolver		10,000		15,000
Operating lease liabilities		9,503		10,797
Other current liabilities		973		1,209
Total current liabilities		45,829		49,769
Operating lease liabilities, net of current portion		18,931		25,975
Other long-term liabilities		1,893		1,593
Total liabilities		66,653		77,337
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.0001 par value; 20,000 shares authorized and none issued and outstanding		—		—
Common stock, $0.0001 par value; 1,000,000 shares authorized; 99,162 shares issued and 99,041 shares outstanding as of September 30, 2021; 97,248 shares issued and 97,127 shares outstanding as of December 31, 2020		10		10
Treasury stock		(441)		(441)
Additional paid-in capital		384,337		379,696
Accumulated deficit		(321,924)		(304,607)
Accumulated other comprehensive income		891		618
Total stockholders' equity		62,873		75,276
Total liabilities and stockholders' equity	$	129,526	$	152,613

The accompanying notes are an integral part of these Consolidated Financial Statements

3

ServiceSource International, Inc.

Consolidated Statements of Operations

(in thousands, except per share amounts)

(unaudited)

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
Net revenue	$	48,578	$	45,790	$	139,908	$	143,542
Cost of revenue		35,030		33,210		104,492		103,415
Gross profit		13,548		12,580		35,416		40,127
Operating expenses:
Sales and marketing		4,174		5,638		12,263		19,048
Research and development		1,338		1,489		3,679		4,186
General and administrative		10,801		10,537		33,615		31,844
Restructuring and other related costs		—		—		974		703
Total operating expenses		16,313		17,664		50,531		55,781
Loss from operations		(2,765)		(5,084)		(15,115)		(15,654)
Interest and other expense, net		(267)		(500)		(1,791)		(1,050)
Loss before provision for income taxes		(3,032)		(5,584)		(16,906)		(16,704)
Provision for income tax (expense) benefit		(359)		6		(411)		(173)
Net loss	$	(3,391)	$	(5,578)	$	(17,317)	$	(16,877)
Net loss per common share:
Basic and diluted	$	(0.03)	$	(0.06)	$	(0.18)	$	(0.18)
Weighted-average common shares outstanding:
Basic and diluted		98,253		95,963		97,703		95,437

The accompanying notes are an integral part of these Consolidated Financial Statements.

4

ServiceSource International, Inc.

Consolidated Statements of Comprehensive Loss

(in thousands)

(unaudited)

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
Net loss	$	(3,391)	$	(5,578)	$	(17,317)	$	(16,877)
Other comprehensive (loss) income:
Foreign currency translation adjustments		(83)		102		273		53
Other comprehensive (loss) income:		(83)		102		273		53
Comprehensive loss	$	(3,474)	$	(5,476)	$	(17,044)	$	(16,824)

The accompanying notes are an integral part of these Consolidated Financial Statements.

5

ServiceSource International, Inc.

Consolidated Statements of Stockholders’ Equity

(in thousands)

(unaudited)

											Accumulated
							Additional				Other
	Common Stock			Treasury Shares/Stock			Paid-in		Accumulated-		Comprehensive
	Shares	Amount		Shares	Amount		Capital		Deficit		Income		Total
Balance at January 1, 2021	97,248	$	10	(121)	$	(441)	$	379,696	$	(304,607)	$	618	$	75,276
Net loss	—		—	—		—		—		(8,835)		—		(8,835)
Other comprehensive income	—		—	—		—		—		—		325		325
Stock-based compensation	—		—	—		—		2,486		—		—		2,486
Issuance of common stock, RSUs	73		—	—		—		—		—		—		—
Proceeds from the exercise of stock options and ESPP	149		—	—		—		132		—		—		132
Balance at March 31, 2021	97,470		10	(121)		(441)		382,314		(313,442)		943		69,384
Net loss	—		—	—		—		—		(5,091)		—		(5,091)
Other comprehensive income	—		—	—		—		—		—		31		31
Stock-based compensation	—		—	—		—		1,085		—		—		1,085
Issuance of common stock, RSUs	485		—	—		—		—		—		—		—
Proceeds from the exercise of stock options	4		—	—		—		4		—		—		4
Balance at June 30, 2021	97,959		10	(121)		(441)		383,403		(318,533)		974		65,413
Net loss	—		—	—		—		—		(3,391)		—		(3,391)
Other comprehensive loss	—		—	—		—		—		—		(83)		(83)
Stock-based compensation	—		—	—		—		1,109		—		—		1,109
Issuance of common stock, RSUs	1,200		—	—		—		—		—		—		—
Proceeds from the exercise of stock options	3		—	—		—		3		—		—		3
Net cash paid for payroll taxes on RSU releases	—		—	—		—		(178)		—		—		(178)
Balance at September 30, 2021	99,162	$	10	(121)	$	(441)	$	384,337	$	(321,924)	$	891	$	62,873

											Accumulated
							Additional				Other
	Common Stock			Treasury Shares/Stock			Paid-in		Accumulated-		Comprehensive
	Shares	Amount		Shares	Amount		Capital		Deficit		Income		Total
Balance at January 1, 2020	94,972	$	9	(121)	$	(441)	$	374,525	$	(286,066)	$	410	$	88,437
Net loss	—		—	—		—		—		(5,942)		—		(5,942)
Other comprehensive income	—		—	—		—		—		—		498		498
Stock-based compensation	—		—	—		—		1,066		—		—		1,066
Issuance of common stock, RSUs	178		1	—		—		(1)		—		—		—
Proceeds from the exercise of stock options and ESPP	112		—	—		—		76		—		—		76
Balance at March 31, 2020	95,262		10	(121)		(441)		375,666		(292,008)		908		84,135
Net loss	—		—	—		—		—		(5,357)		—		(5,357)
Other comprehensive loss	—		—	—		—		—		—		(547)		(547)
Stock-based compensation	—		—	—		—		1,278		—		—		1,278
Issuance of common stock, RSUs	438		—	—		—		—		—		—		—
Balance at June 30, 2020	95,700		10	(121)		(441)		376,944		(297,365)		361		79,509
Net loss	—		—	—		—		—		(5,578)		—		(5,578)
Other comprehensive income	—		—	—		—		—		—		102		102
Stock-based compensation	—		—	—		—		1,282		—		—		1,282
Issuance of common stock, RSUs	877		—	—		—		—		—		—		—
Proceeds from the exercise of stock options and ESPP	107		—	—		—		83		—		—		83
Balance at September 30, 2020	96,684	$	10	(121)	$	(441)	$	378,309	$	(302,943)	$	463	$	75,398

The accompanying notes are an integral part of these Consolidated Financial Statements.

6

ServiceSource International, Inc.

Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

	For the Nine Months Ended September 30,
	2021		2020
Cash flows from operating activities:
Net loss	$	(17,317)	$	(16,877)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		10,969		10,331
Amortization of contract acquisition costs		434		798
Amortization of ROU assets		7,046		7,255
Stock-based compensation		4,649		3,586
Restructuring and other related costs		935		633
Other		364		54
Net changes in operating assets and liabilities:
Accounts receivable, net		3,193		8,544
Prepaid expenses and other assets		(553)		1,226
Contract acquisition costs		(167)		(195)
Accounts payable		1,810		(3,597)
Accrued compensation and benefits		185		317
Operating lease liabilities		(8,154)		(7,299)
Accrued expenses		(6)		(831)
Other liabilities		573		(1,081)
Net cash provided by operating activities		3,961		2,864
Cash flows from investing activities:
Purchases of property and equipment		(2,682)		(5,124)
Net cash used in investing activities		(2,682)		(5,124)
Cash flows from financing activities:
Repayment on finance lease obligations		(485)		(730)
Debt issuance costs		(97)		—
Proceeds from Revolver		13,500		27,000
Repayment of Revolver		(18,500)		(12,000)
Proceeds from issuance of common stock		139		159
Payments related to minimum tax withholdings on RSU releases		(178)		—
Net cash (used in) provided by financing activities		(5,621)		14,429
Effect of exchange rate changes on cash and cash equivalents and restricted cash		480		(52)
Net change in cash and cash equivalents and restricted cash		(3,862)		12,117
Cash and cash equivalents and restricted cash, beginning of period		36,326		29,383
Cash and cash equivalents and restricted cash, end of period	$	32,464	$	41,500
Supplemental disclosures of cash flow information:
Cash paid for interest	$	288	$	408
Supplemental disclosures of non-cash activities:
Purchases of property and equipment accrued in accounts payable and accrued expenses	$	25	$	203
ROU assets obtained in exchange for new lease liabilities	$	618	$	2,271

The accompanying notes are an integral part of these Consolidated Financial Statements.

7

ServiceSource International, Inc.

Notes to Consolidated Financial Statements

(unaudited)

Note 1 — The Company

ServiceSource is a leading provider of BPaaS solutions that enable the transformation of go-to-market organizations and functions for global technology clients. We design, deploy, and operate a suite of innovative solutions and complex processes that support and augment our clients’ B2B customer acquisition, engagement, expansion, and retention activities. Our clients - ranging from Fortune 500 technology titans to high-growth disruptors and innovators - rely on our holistic customer engagement methodology and process excellence, global scale and delivery footprint, and data analytics and business insights to deliver trusted business outcomes that have a meaningful and material positive impact to their long-term revenue and profitability objectives. Through our unique integration of people, process, and technology - leveraged against our more than 20 years of experience and domain expertise in the cloud, software, hardware, medical device and diagnostic equipment, and industrial IoT sectors - we effect and transact billions of dollars of B2B commerce in more than 175 countries on our clients’ behalf annually.

“ServiceSource,” “the Company,” “we,” “us,” or “our,” as used herein, refer to ServiceSource International, Inc. and its wholly owned subsidiaries, unless the context indicates otherwise.

For a summary of commonly used industry terms and abbreviations used in this quarterly report on Form 10-Q, see the Glossary of Terms.

Note 2 — Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements include the accounts of ServiceSource International, Inc. and its wholly owned subsidiaries and have been prepared in accordance with GAAP and with the instructions to Form 10-Q and Article 8 of Regulation S-X for interim financial information. All intercompany balances and transactions have been eliminated in consolidation. These financial statements do not include all the information required by GAAP for annual financial statements. The unaudited Consolidated Balance Sheet as of December 31, 2020 has been derived from the Company’s audited annual Consolidated Financial Statements included in our annual report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 24, 2021. In the opinion of management, these Consolidated Financial Statements reflect all adjustments, including normal recurring adjustments, management considers necessary for a fair presentation of the Company’s financial position, operating results, and cash flows for the interim periods presented. These Consolidated Financial Statements and accompanying notes should be read in conjunction with our audited Consolidated Financial Statements and the notes thereto for the year ended December 31, 2020, included in our annual report on Form 10-K. Interim results are not necessarily indicative of results for the entire year.

Use of Estimates

The preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amount of net revenue and expenses during the reporting period.

The Company bases its estimates and judgments on historical experience and on various assumptions that it believes are reasonable under the circumstances. The Company has considered the effects of the COVID-19 pandemic in determining its estimates. However, future events are difficult to predict and subject to change, especially with the risks and uncertainties related to the impact of the COVID-19 pandemic, which could cause estimates and judgments to require adjustment. Actual results and outcomes may differ from our estimates.

8

Cash Equivalents and Restricted Cash

The Company follows a three-tier fair value hierarchy, which is described in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

Cash equivalents consist of highly liquid investments with original maturities of three months or less at the time of purchase and are classified as a Level 1 investment.

Restricted cash consists of cash in money market accounts that are used to secure letters of credit in connection with two of our leased facilities. Restricted cash is recorded within "Other assets" in the Consolidated Balance Sheets and is classified as a Level 1 investment. The Company had restricted cash of $2.3 million as of September 30, 2021 and December 31, 2020.

The Company did not have any other financial instruments or debt measured at fair value as of September 30, 2021 and December 31, 2020. There were no transfers between levels during the nine months ended September 30, 2021 and 2020.

Government Assistance

During 2020, ServiceSource received various grants from the Singapore government, including the Job Support Scheme, which assists enterprises in retaining their local employees during the COVID-19 pandemic. The Company received and recognized income related to the grants of approximately $0.2 million and $0.5 million for the three months ended September 30, 2021 and 2020, respectively, and $0.3 million and $0.9 million for the nine months ended September 30, 2021 and 2020, respectively. There are no conditions to repay the grants. The Company does not expect to receive additional support related to these grants. Government grants are recognized in the Company’s Consolidated Statements of Operations during the same period that the expenses related to the grant are incurred if there is reasonable assurance the grant will be received, and the Company has complied with the conditions attached to the grant.

New Accounting Standards Adopted

Income Taxes

In December 2019, the FASB issued an ASU that simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. This ASU is effective for annual periods and interim periods for those annual periods beginning after December 15, 2020, with early adoption permitted. The Company adopted this standard effective January 1, 2021 and the effects of this standard were applied prospectively to eligible costs incurred on or after January 1, 2021. The adoption of this standard did not have a material impact on the Consolidated Financial Statements.

New Accounting Standards Issued but Not yet Adopted

Financial Instruments - Credit Losses

In June 2016, the FASB issued an ASU that amends the measurement of credit losses on financial instruments and requires measurement and recognition of expected versus incurred credit losses for financial assets held. This ASU is effective for annual periods and interim periods for those annual periods beginning after December 15, 2022, with early adoption permitted. This standard will apply to the Company’s accounts receivable and contract assets. Based on our current analysis, the Company does not expect the adoption to have a material impact on the Consolidated Financial Statements as credit losses from trade receivables have historically been insignificant. The Company will adopt this standard effective January 1, 2023.

9

Note 3 — Debt

Revolving Line of Credit

In July 2018, ServiceSource, together with its wholly owned subsidiary, ServiceSource Delaware, Inc., entered into the 2018 Credit Agreement, providing for a $40.0 million revolving line of credit allowing each borrower to borrow against its domestic receivables as defined in the 2018 Credit Agreement. The Revolver in the 2018 Credit Agreement was scheduled to mature in July 2021 and was repaid in full in connection with the Company’s entry into the 2021 Credit Agreement.

In July 2021, ServiceSource, together with its wholly owned subsidiary, ServiceSource Delaware, Inc., entered into the 2021 Credit Agreement, which provides for a $35.0 million revolving line of credit allowing each borrower to borrow against its receivables subject to the terms and conditions set forth in the 2021 Credit Agreement. At the Company’s request and subject to customary conditions, the aggregate commitments under the 2021 Credit Agreement may be increased up to an additional $10.0 million, for a total maximum commitment amount of $45.0 million. The Revolver in the 2021 Credit Agreement matures in July 2024 and bears interest at a rate equal to BSBY plus 2.00% to 2.50% per annum or, at our election, an alternate base rate plus 1.00% to 1.50% per annum.

As of September 30, 2021, the Company had $10.0 million of borrowings under the Revolver in the 2021 Credit Agreement through a three-month BSBY borrowing at an effective interest rate of 2.42% maturing November 2021. An additional $12.2 million was available for borrowing under the Revolver as of September 30, 2021. The BSBY borrowings may be extended upon maturity, converted into a base rate borrowing upon maturity or require an incremental payment if the borrowing base decreases below the current amount outstanding during the term of the BSBY borrowing.

The obligations under the 2021 Credit Agreement are secured by substantially all assets of ServiceSource and certain of its subsidiaries, including pledges of equity in certain of the Company’s subsidiaries. The 2021 Credit Agreement has financial covenants that the Company was in compliance with as of September 30, 2021.

Interest Expense

Interest expense related to the amortization of debt issuance costs and interest expense associated with the Company’s debt obligation was $0.1 million for the three months ended September 30, 2021 and 2020 and $0.3 million and $0.4 million for the nine months ended September 30, 2021 and 2020, respectively.

Note 4 — Leases

The Company has operating leases for office space and finance leases for certain equipment under non-cancelable agreements with various expiration dates through May 2030. Certain office leases include the option to extend the term between one to seven years and certain office leases include the option to terminate the lease upon written notice within one year after lease commencement. Leases with an initial term of 12 months or less are not recorded on the balance sheet.

During 2021, the Company extended its agreement to sublease one floor of office space at one of its locations in Manila, Philippines to a third-party through the end of the original lease term in September 2023, entered into an agreement to sublease two floors of office space at a second location in Manila, Philippines to a third-party through the end of the original lease term in December 2021, and extended its lease for reduced office space at its location in Yokohama, Japan through May 2024.

10

Supplemental income statement information related to leases was as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
Operating lease cost	$	2,780	$	3,090	$	8,574	$	9,121
Finance lease cost:
Amortization of leased assets		98		213		364		564
Interest on lease liabilities		4		19		22		75
Total finance lease cost		102		232		386		639
Sublease income		(1,259)		(905)		(3,644)		(2,692)
Net lease cost	$	1,623	$	2,417	$	5,316	$	7,068

Supplemental balance sheet information related to leases was as follows:

	September 30, 2021		December 31, 2020
	(in thousands)
Operating leases:
ROU assets	$	22,706	$	29,798
Operating lease liabilities	$	9,503	$	10,797
Operating lease liabilities, net of current portion		18,931		25,975
Total operating lease liabilities	$	28,434	$	36,772
Finance leases:
Property and equipment	$	2,861	$	2,880
Accumulated depreciation		(2,318)		(1,963)
Property and equipment, net	$	543	$	917
Other current liabilities	$	186	$	608
Other long-term liabilities		—		63
Total finance lease liabilities	$	186	$	671

Lease term and discount rate information was as follows:

	For the Nine Months Ended September 30,
	2021			2020
Weighted-average remaining lease term (in years):
Operating lease		5.7		5.7
Finance lease		0.3		1.2
Weighted-average discount rate:
Operating lease		6.2	%	6.2	%
Finance lease		6.5	%	7.0	%

11

Maturities of lease liabilities were as follows as of September 30, 2021:

	Operating Leases		Operating Sublease		Finance Leases		Total
	(in thousands)
Remainder of 2021	$	3,119	$	(1,292)	$	125	$	1,952
2022		9,329		(3,588)		64		5,805
2023		4,390		(1,410)		—		2,980
2024		3,000		—		—		3,000
2025		2,950		—		—		2,950
Thereafter		11,222		—		—		11,222
Total lease payments		34,010		(6,290)		189		27,909
Less: interest		(5,576)		—		(3)		(5,579)
Total	$	28,434	$	(6,290)	$	186	$	22,330

Note 5 — Revenue Recognition

The following tables present the disaggregation of revenue from contracts with our clients:

Revenue by Performance Obligation

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
Selling services	$	47,746	$	44,840	$	137,683	$	140,558
Professional services		832		950		2,225		2,984
Total revenue	$	48,578	$	45,790	$	139,908	$	143,542

Revenue by Geography

Revenue for each geography generally reflects commissions earned from sales of service contracts managed from revenue delivery centers in that geography and subscription sales and professional services to deploy the Company’s solutions. Predominantly all the service contracts sold and managed by the revenue delivery centers relate to end customers located in the same geography. All NALA revenue represents revenue generated within the U.S.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
NALA	$	27,215	$	27,204	$	78,064	$	83,235
EMEA		13,529		11,984		39,616		38,837
APJ		7,834		6,602		22,228		21,470
Total revenue	$	48,578	$	45,790	$	139,908	$	143,542

Revenue by Contract Pricing

For the Three Months Ended September 30,	For the Nine Months Ended September 30,
2021