Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 43,144 $ 47,196
Marketable securities 21,083 23,084
Accounts receivable, net (including allowance of $1,058 and $395 as of June 30, 2023 and December 31, 2022, respectively) 20,462 13,864
Contract assets 4,899 3,353
Other current assets 8,176 9,279
Total current assets 97,764 96,776
Property and equipment, net 62,964 53,752
Operating lease right-of-use assets 13,614 11,687
Goodwill 51,137 49,954
Customer relationships 20,332 20,814
Other intangible assets 13,469 13,967
Other long-term assets, including restricted cash 9,083 9,562
Total assets 268,363 256,512
Current liabilities    
Accounts payable 4,294 4,800
Accrued wages and benefits 4,982 4,502
Contract liabilities, current portion 21,854 15,856
Other accrued expenses 9,317 8,210
Total current liabilities 40,447 33,368
Long-term debt 119,790 98,475
Contingent earnout liability 145 349
Deferred income tax liabilities 817 771
Warrant liability 709 1,831
Operating lease liabilities, net of current portion 12,509 10,815
Other long-term liabilities 413 780
Total liabilities 174,830 146,389
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, 165,432,624 Class A and 12,058,614 Class B shares issued and outstanding at June 30, 2023; 143,679,385 Class A and 12,058,614 Class B shares issued and outstanding at December 31, 2022 18 16
Additional paid-in capital 470,309 455,751
Accumulated other comprehensive loss (4,208) (6,997)
Accumulated deficit (372,586) (338,647)
Total stockholders' equity 93,533 110,123
Total liabilities and stockholders' equity $ 268,363 $ 256,512