Related Party Transactions

6 Months Ended

Jun. 30, 2022

7. Related Party Transactions

Overlapping Directors

Nine members of the board of directors of the Company serve as a member of the board of directors of eight clients of the Company.

The information below details the Company’s financial relationships with those clients as of and for the periods indicated:


	Revenues								Accounts Receivable
	Three Months Ended June 30,				Six Months Ended June 30,				As of June 30,		As of December 31,
(in thousands)	2022		2021		2022		2021		2022		2021
Client 1	$	450	$	—	$	825	$	—	$	376	$	176
Client 2		239		32		532		32		225		190
Client 3		173		116		308		333		115		—
All other clients		65		2,479		123		5,242		15		170
Total	$	927	$	2,627	$	1,788	$	5,607	$	731	$	536

Investment in Unconsolidated Affiliates

During the three months ended June 30, 2022 and 2021, the Company recognized revenues of $3.8 million and $4.7 million, respectively, from a parent company of an unconsolidated affiliate. During the six months ended June 30, 2022 and 2021, the Company recognized revenues of $7.6 million and $9.3 million, respectively, from a parent company of an unconsolidated affiliate. Accounts receivable from this client were $2.5 million and $2.4 million as of June 30, 2022 and December 31, 2021, respectively.