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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net loss $ (3,285) $ (7,012) $ (10,166)
Adjustments to reconcile net loss to net cash provided by operating activities      
Depreciation and amortization expense 3,535 1,484 1,050
Amortization of deferred contract costs 6,489 4,623 3,134
Stock-based compensation expense 2,742 1,079 504
Non-cash interest expense 211 0 0
Other long-term liabilities 0 497 0
Deferred taxes 59 (90) 83
Change in fair value of share purchase option 0 0 903
Changes in operating assets and liabilities      
Accounts receivable (791) 738 (744)
Deferred contract costs (9,362) (6,637) (4,768)
Prepaid expenses and other current assets (2,784) (70) (1,470)
Accounts payable 1,527 1,825 1,596
Accrued expenses 11,613 2,501 4,107
Deferred revenue 13,807 6,914 7,646
Net cash provided by operating activities 23,761 5,852 1,875
Investing Activities      
Purchases of property and equipment (2,380) (2,367) (1,001)
Purchases of convertible debt securities (500) 0 0
Capitalization of internal-use software development costs (1,403) (1,032) (162)
Cash paid for acquisition of business, net of cash acquired (350) (2,685) 0
Net cash used in investing activities (4,633) (6,084) (1,163)
Financing Activities      
Proceeds from exercise of stock options 1,327 252 97
Net proceeds from completing public offerings 215,370 0 0
Proceeds from issuance of Series A-1 Preferred Stock upon exercise of share purchase option 0 0 5,000
Payment of capital leases (1,373) 0
Payment of deferred offering costs 0 (1,924) 0
Net cash provided by (used in) financing activities 215,324 (1,672) 5,097
Effect of exchange rate changes on cash and cash equivalents (230) 0 0
Increase (decrease) in cash, cash equivalents and restricted cash 234,222 (1,904) 5,809
Cash, cash equivalents and restricted cash, beginning of year 35,619 37,523 31,714
Cash, cash equivalents and restricted cash, end of year 269,841 35,619 37,523
Supplemental cash flow disclosures      
Cash paid for interest 321 0 0
Cash paid for income taxes 248 583 323
Reclassification of share purchase option liability to stockholders’ deficit upon exercise 0 0 5,270
Deferred offering costs incurred and not paid 0 243 0
Credit facility costs incurred and not paid 0 303 0
Accrued purchase consideration 0 497 0
Acquisition of fixed assets under capital leases $ 5,750 $ 0 $ 0