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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (64,097) $ (68,147)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 16,435 17,094
Unrealized (gain) loss on foreign currency (809) 2,811
Stock based compensation 3,379 15,224
Change in fair value of warrants 198 (3,359)
Change in fair value of derivative liability (120) (3,225)
Amortization of debt discount and deferred issuance costs 2,915 2,527
Deferred income tax 341 2,088
Provision for doubtful accounts (259) 554
Loss (gain) on investment 3,590 (1,260)
Gain on disposition of assets (175) 0
Non-cash lease expense 10,173 9,727
Changes in operating assets and liabilities:    
Accounts receivable 45,871 51,831
Prepaid expenses and other current assets and prepaid expenses and other assets 1,653 (3,216)
Accounts payable 9,889 (1,167)
Accrued compensation (11,102) (7,242)
Accrued expenses, other current liabilities and other liabilities (11,302) (7,733)
Lease liabilities (11,822) (11,592)
Deferred revenue (2,488) 1,284
Cash used in operating activities (7,730) (3,801)
Investing activities:    
Capital expenditures (471) (2,828)
Capitalization of internal-use software (7,676) (6,646)
Proceeds from sale of asset 175 0
Cash used in investing activities (7,972) (9,474)
Financing activities:    
Proceeds from exercise of stock options 29 360
Payment for shares withheld for employee taxes (220) (1,635)
Borrowings on Revolving Credit Facility 2,128 5,000
Payments on Revolving Credit Facility (1,317) 0
Proceeds from the issuance of common stock in connection with at-the-market offering, net of issuance costs 765 0
Deferred reverse recapitalization costs 0 (585)
Cash provided by financing activities 1,385 3,140
Effect of currency translation on cash and cash equivalents (162) (1,409)
Net decrease in cash and cash equivalents (14,479) (11,544)
Cash and cash equivalents at beginning of period 55,774 79,733
Cash and cash equivalents at end of period $ 41,295 $ 68,189