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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ (10,855,000) $ 1,192,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization expense 4,221,000 1,447,000
Amortization of deferred contract costs 4,763,000 2,950,000
Stock-based compensation expense 3,136,000 1,162,000
Non-cash interest expense 53,000 104,000
Change in fair value of convertible debt securities (1,028,000) 0
Deferred taxes 202,000 (83,000)
Changes in operating assets and liabilities    
Accounts receivable 109,000 (1,324,000)
Deferred contract costs (6,033,000) (4,789,000)
Prepaid expenses and other current assets (4,874,000) (4,530,000)
Other current liabilities 1,589,000 0
Accounts payable (2,714,000) 720,000
Accrued expenses 4,818,000 4,981,000
Deferred revenue 7,240,000 8,229,000
Other long-term liabilities (38,000) 0
Net cash provided by operating activities 589,000 10,059,000
Investing Activities    
Purchases of property and equipment (2,798,000) (750,000)
Purchases of convertible debt securities (2,000,000) (500,000)
Capitalization of internal-use software development costs (782,000) (271,000)
Cash paid for acquisition of assets and businesses, net of cash acquired (13,993,000) (350,000)
Net cash used in investing activities (19,573,000) (1,871,000)
Financing Activities    
Proceeds from exercise of stock options 1,194,000 26,000
Net proceeds from completing initial public offering 0 137,467,000
Payment of capital leases (1,445,000) (453,000)
Net cash (used in) provided by financing activities (251,000) 137,040,000
Effect of exchange rate changes on cash and cash equivalents (1,513,000) 0
(Decrease) increase in cash, cash equivalents and restricted cash (20,748,000) 145,228,000
Cash, cash equivalents and restricted cash, at beginning of period 269,841,000 35,619,000
Cash, cash equivalents and restricted cash, at end of period 249,093,000 180,847,000
Supplemental cash flow disclosures    
Cash paid for interest 169,000 112,000
Cash paid for income taxes 479,000 232,000
Acquisition of fixed asset under capital lease $ 433,000 $ 5,750,000