Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands |
Mar. 31, 2023 |
Dec. 31, 2022 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 58,502
|
$ 78,841
|
| Restricted short-term investments |
8,811
|
8,639
|
| Accounts receivable, net of allowance of $4,784, and $4,861 as of March 31, 2023 and December 31, 2022, respectively |
80,768
|
21,733
|
| Contract assets, net of allowance of $113 and $750 as of March 31, 2023 and December 31, 2022, respectively |
4,500
|
5,794
|
| Prepaid expenses and other current assets |
6,670
|
4,673
|
| Total current assets |
159,251
|
119,680
|
| Property and equipment, net |
12,280
|
11,332
|
| Goodwill |
82,154
|
66,420
|
| Intangible assets, net |
84,590
|
57,370
|
| Operating lease right-of-use assets |
1,887
|
1,384
|
| Deferred income taxes |
226
|
237
|
| Other non-current assets |
1,952
|
1,674
|
| TOTAL ASSETS |
342,340
|
258,097
|
| Current liabilities |
|
|
| Accounts payable |
74,020
|
33,749
|
| Deferred underwriting fee |
200
|
500
|
| Amounts payable to related parties |
0
|
13
|
| Government loans, current portion |
72
|
72
|
| Accrued expenses and other current liabilities |
19,801
|
9,319
|
| Deferred revenue |
6,594
|
5,828
|
| Long-term debt, current portion |
8,441
|
7,514
|
| Total current liabilities |
109,128
|
56,995
|
| Deferred income taxes |
10,228
|
307
|
| Note Payable to Related Party |
198
|
197
|
| Government loans excluding current portion |
154
|
159
|
| Earn-out liability, excluding current portion |
1,985
|
0
|
| Warrant liability |
1,314
|
1,293
|
| Long-term debt excluding current portion |
141,940
|
126,882
|
| Deferred revenue excluding current portion |
13,888
|
14,656
|
| Operating lease liabilities excluding current portion |
1,987
|
1,620
|
| Other long-term liabilities |
2,568
|
2,713
|
| Total liabilities |
283,390
|
204,822
|
| Commitments and contingencies (Note 10) |
|
|
| Redeemable Preferred Stock |
|
|
| Series A Preferred stock - 250,000,000 shares authorized, $0.0001 par value, 85,000 shares issued and outstanding as of March 31, 2023 and December 31, 2022 (liquidation preference $89,801 and 87,323 as of March 31, 2023 and December 31, 2022, respectively) |
85,655
|
82,597
|
| Stockholders' deficit: |
|
|
| Common stock – 500,000,000 shares authorized, $0.0001 par value, 83,992,565 and 82,266,160 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively |
8
|
7
|
| Treasury Stock - 2,033,578 and 0 shares of Common stock, respectively |
(20,336)
|
0
|
| Shareholder receivable |
0
|
(20,336)
|
| Additional paid-in capital |
287,423
|
271,883
|
| Accumulated other comprehensive loss |
(630)
|
(621)
|
| Accumulated deficit |
(293,170)
|
(280,255)
|
| Total stockholders’ deficit |
(26,705)
|
(29,322)
|
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT |
$ 342,340
|
$ 258,097
|