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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net (loss) income $ (19,947) $ 577
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities    
Depreciation and amortization expense 6,626 2,438
Amortization of deferred contract costs 7,145 4,578
Amortization of deferred financing and debt issuance costs 53 0
Loss on disposal of subsidiary 1,738 0
Stock-based compensation expense 5,116 1,789
Non-cash interest expense 96 158
Change in fair value of convertible debt securities (889) 0
Deferred taxes 290 (83)
Deposit on letter of credit 0 88
Changes in operating assets and liabilities    
Accounts receivable (344) (741)
Deferred contract costs (8,358) (6,964)
Prepaid expenses and other current assets (1,395) (3,924)
Other current liabilities 1,562 0
Accounts payable 4,824 (3,219)
Accrued expenses (2,772) 14,419
Deferred revenue 6,299 9,634
Other long-term liabilities (38) 0
Net cash provided by operating activities 6 18,750
Investing Activities    
Purchases of property and equipment (4,016) (1,558)
Purchases of convertible debt securities (2,000) (500)
Capitalization of internal-use software development costs (1,273) (433)
Cash paid for acquisition of assets and businesses, net of cash acquired (13,993) (350)
Net cash used in investing activities (21,282) (2,841)
Financing Activities    
Proceeds from exercise of stock options 1,539 604
Issuance of shares in connection with Employee Stock Purchase Plan 257 0
Payment of capital leases (1,967) (913)
Net proceeds from completing initial public offering 0 137,467
Net cash (used in) provided by financing activities (171) 137,158
Effect of exchange rate changes on cash and cash equivalents (1,664) 0
(Decrease) increase in cash, cash equivalents and restricted cash (23,111) 153,067
Cash, cash equivalents and restricted cash, at beginning of period 269,665 35,619
Cash, cash equivalents and restricted cash, at end of period 246,554 188,686
Supplemental cash flow disclosures    
Cash paid for interest 66 193
Cash paid for income taxes 627 201
Acquisition of fixed assets under capital lease $ 212 $ 5,750