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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 147,970 $ 187,672
Marketable securities 0 45,117
Customer funds 23,052 22,541
Accounts receivable, net 42,305 34,394
Prepaid expenses 7,067 3,715
Deferred implementation and commission costs, current portion 5,030 5,060
Other current assets 1,625 1,164
Total current assets 227,049 299,663
Property and equipment, net 11,359 15,516
Operating lease right-of-use assets 19,261 28,623
Goodwill 122,120 88,148
Intangible assets, net 46,130 24,339
Deferred implementation and commission costs, net of current portion 9,240 9,238
Other assets 4,768 5,122
Total assets 439,927 470,649
Current liabilities:    
Customer funds payable 23,052 22,541
Accounts payable 2,099 2,968
Accrued expenses and other current liabilities 47,322 46,426
Deferred revenue, current portion 24,958 24,983
Total current liabilities 97,431 96,918
Operating lease liabilities, net of current portion 32,412 32,461
Customer postage deposits 10,128 10,081
Deferred revenue, net of current portion 12,842 14,259
Deferred taxes 9,648 4,338
Other non-current liabilities 4,660 2,958
Total liabilities 167,121 161,015
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value,10,000 shares authorized; no shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 532,409 516,987
Accumulated deficit (250,315) (206,077)
Accumulated other comprehensive loss (9,305) (1,292)
Total stockholders’ equity 272,806 309,634
Total liabilities and stockholders’ equity 439,927 470,649
Common Class I    
Stockholders' equity:    
Common stock 16 15
Common Class 2    
Stockholders' equity:    
Common stock $ 1 $ 1