Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 46,952 $ 47,196
Marketable securities 25,660 23,084
Accounts receivable, net (including allowance of $944 and $395 as of March 31, 2023 and December 31, 2022, respectively) 13,855 13,864
Contract assets 4,213 3,353
Other current assets 8,949 9,279
Total current assets 99,629 96,776
Property and equipment, net 58,147 53,752
Operating lease right-of-use assets 12,549 11,687
Goodwill 50,039 49,954
Customer relationships 20,373 20,814
Other intangible assets 13,590 13,967
Other long-term assets, including restricted cash 9,175 9,562
Total assets 263,502 256,512
Current liabilities    
Accounts payable 6,517 4,800
Accrued wages and benefits 4,861 4,502
Contract liabilities, current portion 17,444 15,856
Other accrued expenses 7,596 8,210
Total current liabilities 36,418 33,368
Long-term debt 119,035 98,475
Contingent earnout liability 273 349
Deferred income tax liabilities 794 771
Warrant liability 1,066 1,831
Operating lease liabilities, net of current portion 11,523 10,815
Other long-term liabilities 556 780
Total liabilities 169,665 146,389
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.0001 par value, 1,000,000,000 Class A and 15,000,000 Class B shares authorized, 146,046,442 Class A and 12,058,614 Class B shares issued and outstanding at March 31, 2023; 143,679,385 Class A and 12,058,614 Class B shares issued and outstanding at December 31, 2022 16 16
Additional paid-in capital 458,683 455,751
Accumulated other comprehensive loss (8,542) (6,997)
Accumulated deficit (356,320) (338,647)
Total stockholders' equity 93,837 110,123
Total liabilities and stockholders' equity $ 263,502 $ 256,512