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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net loss $ (10,139) $ (10,855)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization expense 3,135 4,221
Amortization of deferred contract costs 4,855 4,763
Non-cash income on investments (3,201) 0
Non-cash lease expense 1,886 0
Stock-based compensation expense 6,561 3,136
Non-cash interest expense 105 53
Change in fair value of convertible debt securities (380) (1,028)
Deferred taxes 81 202
Other non-cash items 649 0
Changes in operating assets and liabilities    
Accounts receivable (422) 109
Deferred contract costs (5,768) (6,033)
Prepaid expenses and other current assets (5,869) (4,874)
Accounts payable (5,184) (2,714)
Accrued expenses (1,390) 4,818
Other current liabilities 0 1,589
Deferred revenue 6,958 7,240
Other long-term liabilities 0 (38)
Change in operating lease liability (1,800) 0
Net cash (used in) provided by operating activities (9,923) 589
Investing Activities    
Purchases of property and equipment (957) (2,798)
Purchases of short-term investments (172,687) 0
Proceeds from sales and maturities of short-term investments 132,741 0
Purchases of convertible debt securities (323) (2,000)
Capitalization of internal-use software development costs (2,630) (782)
Cash paid for acquisition of businesses, net of cash acquired (1,082) (13,993)
Purchases of other investments (150) 0
Net cash used in investing activities (45,088) (19,573)
Financing Activities    
Proceeds from exercise of stock options 302 1,194
Proceeds from issuance of shares in connection with Employee Stock Purchase Plan 264 0
Payment of finance leases (1,209) (1,445)
Net cash used in financing activities (643) (251)
Effect of exchange rate changes on cash and cash equivalents (39) (1,513)
Decrease in cash, cash equivalents and restricted cash (55,693) (20,748)
Cash, cash equivalents and restricted cash, beginning of period 79,765 269,841
Cash, cash equivalents and restricted cash, end of period 24,072 249,093
Supplemental cash flow disclosures    
Cash paid for interest 107 169
Cash paid for income taxes 1,160 479
Property and equipment purchases not paid 111 0
Acquisition of fixed assets under finance leases 0 433
Unrealized loss on short-term investments $ 1,243 $ 0