CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (20,594)
|
$ (12,439)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization expense |
1,905
|
1,658
|
| Stock-based compensation expense |
2,389
|
2,207
|
| Provisions for doubtful accounts |
19
|
(155)
|
| Non-cash interest expense |
9
|
1
|
| Change in fair value of warrant liability |
2,881
|
(126)
|
| Deferred income taxes |
4
|
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
24,031
|
14,314
|
| Prepaid expenses and other assets |
(1,861)
|
(2,469)
|
| Deferred commissions |
(494)
|
(154)
|
| Accounts payable |
25
|
1,050
|
| Accrued expenses |
(2,305)
|
(6,060)
|
| Deferred revenue |
(6,703)
|
(4,596)
|
| Deferred rent |
(82)
|
(206)
|
| Other long-term liabilities |
(1)
|
(67)
|
| Net cash used in operating activities |
(777)
|
(7,042)
|
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(1,495)
|
(828)
|
| Capitalization of internal-use software costs |
(293)
|
(204)
|
| Net cash used in investing activities |
(1,788)
|
(1,032)
|
| Cash flows from financing activities: |
|
|
| Proceeds from exercise of stock options |
1,065
|
557
|
| Payments of deferred financing costs |
(47)
|
(76)
|
| Payments of initial public offering costs |
(840)
|
(2)
|
| Net cash provided by financing activities |
178
|
479
|
| Net decrease in cash and cash equivalents |
(2,387)
|
(7,595)
|
| Cash and cash equivalents at beginning of period |
36,073
|
51,503
|
| Cash and cash equivalents at end of period |
33,686
|
43,908
|
| Supplemental disclosure of noncash investing and financing activities: |
|
|
| Accretion of preferred stock to redemption value |
40,039
|
11,647
|
| Additions to property and equipment included in accounts payable at period end |
353
|
$ 1,267
|
| Deferred offering costs included in accounts payable at period end |
$ 546
|
|