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Condensed Consolidated Statements of Cash Flows (Unaudited) (Q1) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (22,794) $ (7,097)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,360 1,411
Provision for bad debts 54 16
Loss on extinguishment of debt and amortization of debt discount 2,799 105
Stock-based compensation expense 8,826 481
Change in fair value of earnout and contingent consideration liabilities 9,995 0
Deferred income taxes 92 80
Changes in operating assets and liabilities:    
Accounts receivable (3,743) (325)
Prepaid expenses (3,382) (752)
Other assets (current and non-current) 1,512 (27)
Accounts payable 668 (1,001)
Accrued expenses (2,730) (2,569)
Deferred revenue (2,604) 799
Deferred implementation, commissions and other costs 132 (27)
Other liabilities (current and non-current) (102) 45
Net cash used in operating activities (9,917) (8,861)
Investing activities:    
Purchases of short-term investments (25,000) 0
Capitalized software development (115) (236)
Purchases of property and equipment (388) (629)
Net cash provided by (used in) investing activities (25,503) (865)
Financing activities:    
Issuance of long-term debt 0 45,000
Financing costs paid upon issuance of long-term debt 0 (1,446)
Proceeds from line of credit 0 3,000
Payments on long-term debt (44,663) (28,583)
Payments on capital lease obligations (65) (68)
Proceeds from exercise of stock options 2,032 123
Business combination and PIPE financing 349,902 0
Payments of equity issuance costs (20,200) 0
Debt extinguishment costs (1,565) 0
Cash paid to satisfy tax withholding on net share issuance (4,013) 0
Net cash provided by (used in) financing activities 281,428 18,026
Net increase in cash and cash equivalents and restricted cash 246,008 8,300
Cash - Beginning 17,919 4,736
Cash - Ending 263,927 13,036
Cash and cash equivalents 261,013 9,761
Restricted cash 2,914 3,275
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 133 1,071
Noncash Investing & Financing Activities:    
Reclassification of Series C preferred stock warrant liability to equity in connection with Business Combination 1,433 0
Net assets acquired in Business Combination and other 255 0
Deferred and accrued equity issuance costs in other assets and accrued expenses charged to additional paid-in-capital 1,888 0
Issuance and vesting of earnout shares at fair value $ 237,008 $ 0