Acquisition (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Purchase Price Allocation

The following table presents management's purchase price allocation:

(in thousands)	Purchase price allocation
Inventory	$	232
Developed technology	2,240
Customer relationships	3,136
Total assets	5,608
Deferred revenue	809
Consideration paid	$	4,799

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents management's current purchase price allocation and initial purchase price allocation:

(in thousands)	Current purchase price allocation		Initial purchase price allocation
Cash	$	1,087	$	1,087
Accounts receivable	979		1,117
Property and equipment	—		80
Lease right-of-use assets	1,380		1,380
Developed technology	11,500		11,500
Customer relationships	14,000		14,000
Non-competition agreements	3,700		3,700
Indemnification assets	2,338		2,338
Prepaid and other acquired assets	200		200
Goodwill	97,954		97,017
Total assets	133,138		132,419
Accounts payable	295		295
Accrued expenses	2,184		1,155
Lease right-of-use liabilities	1,359		1,359
Deferred revenue	893		893
Indemnification liabilities	2,338		2,338
Deferred taxes	1,002		1,312
Consideration paid	$	125,067	$	125,067

Schedule of Pro Forma Financial Information

The following table summarizes the Company's unaudited pro forma results of operations for the three and nine months ended September 30, 2024 as if the Stuzo Acquisition, TASK Group Acquisition, and Delaget Acquisition had occurred on January 1, 2024:

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands)	2024		2024
Total revenue	$	103,035	$	290,587
Net loss from continuing operations	(33,334)		(86,749)

The unaudited pro forma results presented above are for illustrative purposes only and do not reflect the realization of actual cost savings or any related integration costs. The unaudited pro forma results do not purport to be indicative of the results that would have been obtained, or to be a projection of results that may be obtained in the future. These unaudited pro forma results include certain adjustments, primarily due to increases in amortization expense due to the fair value adjustments of intangible assets, acquisition related costs and the impact of income taxes on the pro forma adjustments. $2.3 million of acquisition costs have been reflected in the 2024 pro forma results.