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Segment and Geographic Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue and Adjusted EBITDA for Reportable Segments

The following table sets forth the revenue and Adjusted EBITDA results attributable to each reportable segment and includes a reconciliation of the totals reported for the reportable segments to the applicable line items in the Company’s accompanying condensed consolidated statements of operations and comprehensive income (loss) (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise Solutions

 

$

33,017

 

 

$

25,635

 

 

$

63,877

 

 

$

49,714

 

SMB Solutions

 

 

40,845

 

 

 

26,112

 

 

 

77,347

 

 

 

49,457

 

Total revenue

 

 

73,862

 

 

 

51,747

 

 

 

141,224

 

 

 

99,171

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise Solutions

 

 

4,285

 

 

 

3,288

 

 

 

8,761

 

 

 

6,576

 

SMB Solutions

 

 

15,907

 

 

 

9,195

 

 

 

28,925

 

 

 

17,322

 

Total Adjusted EBITDA from reportable segments

 

 

20,192

 

 

 

12,483

 

 

 

37,686

 

 

 

23,898

 

Unallocated corporate expenses

 

 

(8,227

)

 

 

(4,719

)

 

 

(15,164

)

 

 

(8,215

)

Total Adjusted EBITDA

 

 

11,965

 

 

 

7,764

 

 

 

22,522

 

 

 

15,683

 

Reconciling items:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income (expense), net

 

 

210

 

 

 

(2,295

)

 

 

122

 

 

 

(4,600

)

Amortization of intangible assets

 

 

(3,899

)

 

 

(3,900

)

 

 

(7,800

)

 

 

(7,800

)

Depreciation

 

 

(733

)

 

 

(537

)

 

 

(1,473

)

 

 

(986

)

Transaction-related expenses

 

 

 

 

 

(848

)

 

 

38

 

 

 

(1,232

)

Fair value adjustment of acquired deferred revenue

 

 

 

 

 

(35

)

 

 

 

 

 

(94

)

Stock/equity-based compensation

 

 

(3,327

)

 

 

(338

)

 

 

(6,314

)

 

 

(560

)

Restructuring charges

 

 

 

 

 

(89

)

 

 

 

 

 

(89

)

Income (loss) before income taxes

 

 

4,216

 

 

 

(278

)

 

 

7,095

 

 

 

322

 

(Benefit from) provision for income taxes

 

 

(2,663

)

 

 

(67

)

 

 

(1,843

)

 

 

48

 

Net income (loss)

 

$

6,879

 

 

$

(211

)

 

$

8,938

 

 

$

274