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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net (loss) income $ (2,571) $ 1,471
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization expense 1,455 460
Amortization of deferred contract costs 2,083 1,322
Stock-based compensation expense 932 593
Change in fair value of convertible debt securities (661) 0
Deferred taxes 283 (56)
Changes in operating assets and liabilities    
Accounts receivable (353) (985)
Deferred contract costs (2,853) (2,420)
Prepaid expenses and other current assets 1,240 (976)
Accounts payable 2,317 1,579
Accrued expenses (940) 2,420
Deferred revenue 6,584 5,599
Other long-term liabilities 510 0
Net cash provided by operating activities 8,026 9,007
Investing Activities    
Purchases of property and equipment (370) (166)
Purchases of convertible debt securities (2,000) (500)
Capitalization of internal-use software development costs (286) (123)
Cash paid for acquisition of assets and businesses, net of cash acquired (14,000) (350)
Net cash used in investing activities (16,656) (1,139)
Financing Activities    
Proceeds from exercise of stock options 924 7
Net proceeds from completing initial public offering 0 128,461
Payment of capital leases (937) 0
Net cash (used in) provided by financing activities (13) 128,468
Effect of exchange rate changes on cash and cash equivalents (1,259) 0
Increase in cash, cash equivalents and restricted cash (9,902) 136,336
Cash, cash equivalents and restricted cash, at beginning of period 269,841 35,619
Cash, cash equivalents and restricted cash, at end of period 259,939 171,955
Supplemental cash flow disclosures    
Cash paid for interest 73 0
Cash paid for income taxes 283 158
Deferred offering costs incurred and not paid 0 1,839
Acquisition of fixed asset under capital lease 331 1,024
Property and equipment purchases not paid $ 0 $ 0