XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Dec. 31, 2023
Operating activities            
Net Loss $ (4,257) $ (23,508) $ (28,532) $ (9,900)    
Adjustments to reconcile net loss to net cash used in operating activities:            
Credit loss expense     3,761 744    
Depreciation and amortization     12,779 13,775    
Amortization of financing costs charged to interest expense     850 819    
Amortization of right-of-use assets     1,072 2,205    
Gain on debt extinguishment (13,017) 0 (13,017) 0    
Stock-based compensation expense     23,629 19,707    
Change in contingent consideration     (9) 23,326    
Other non-cash expense (income), net     663 (3,147)    
Change in operating assets and liabilities:            
Accounts receivable     14,783 18,069    
Prepaid expenses and other assets     (393) 430    
Accounts payable     810 (2,046)    
Other accrued expenses     (7,253) (10,954)    
Partner Share liability     (15,114) 269    
Consumer Incentive liability     (7,234)   $ (10,958)  
Net cash used in operating activities     (13,188) (4,313)    
Investing activities            
Acquisition of property and equipment     (932) (342)    
Capitalized software development costs     (8,673) (5,207)    
Business acquisitions, net of cash acquired     202 0    
Net cash used in investing activities     (9,403) (5,549)    
Financing activities            
Proceeds from issuance of debt     0 30,000    
Settlement of contingent consideration     14,166 50,050    
Principal payments of the 2018 Line of Credit     (30,000) (11)    
Principal payments of 2020 Convertible Senior Notes     (169,291) 0    
Proceeds from issuance of 2024 Convertible Senior Notes     172,500 0    
Proceeds from termination of capped calls related to convertible notes     115 0    
Proceeds from issuance of common stock     48,634 11    
Deferred equity issuance costs     0 (45)    
Equity issuance costs     (190) 0    
Debt issuance costs     (5,568) 0    
Net cash provided by (used in) financing activities     2,034 (20,095)    
Effect of exchange rates on cash, cash equivalents and restricted cash     (25) 117    
Net decrease in cash, cash equivalents and restricted cash     (20,582) (29,840)    
Cash, cash equivalents, and restricted cash — Beginning of period     91,830 121,985 $ 121,985  
Cash, cash equivalents, and restricted cash — End of period 71,248 92,145 71,248 92,145    
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:            
Cash and cash equivalents 71,248 92,069 71,248 92,069   $ 91,830
Restricted cash 0 76 0 76    
Total cash, cash equivalents and restricted cash — End of period 71,248 92,145 71,248 92,145   $ 91,830
Supplemental disclosure of cash flow information:            
Cash paid for interest     2,202 1,924    
Amounts accrued for property and equipment $ 378 $ 0 378 0    
Amounts accrued for capitalized software development costs     150 0    
Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below)     27,451 0    
Amounts accrued for debt issuance costs     $ 354 $ 0