Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 29,936 $ 47,196
Marketable securities 20,157 23,084
Accounts receivable, net (including allowance of $1,137 and $395 as of September 30, 2023 and December 31, 2022, respectively) 18,660 13,864
Contract assets 4,489 3,353
Other current assets 8,401 9,279
Total current assets 81,643 96,776
Property and equipment, net 69,610 53,752
Operating lease right-of-use assets 14,317 11,687
Goodwill 49,913 49,954
Customer relationships 19,369 20,814
Other intangible assets 12,758 13,967
Other long-term assets, including restricted cash 8,399 9,562
Total assets 256,009 256,512
Current liabilities    
Accounts payable 4,620 4,800
Accrued wages and benefits 5,726 4,502
Contract liabilities, current portion 22,763 15,856
Other accrued expenses 9,650 8,210
Total current liabilities 42,759 33,368
Long-term debt 117,635 98,475
Contingent earnout liability 132 349
Deferred income tax liabilities 780 771
Warrant liability 3,407 1,831
Operating lease liabilities, net of current portion 13,049 10,815
Other long-term liabilities 761 780
Total liabilities 178,523 146,389
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, 20,847,750 Class A and 1,507,325 Class B shares issued and outstanding at September 30, 2023; 17,959,923 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2022 [1] 2 16
Additional paid-in capital 473,854 455,751
Accumulated other comprehensive loss (5,989) (6,997)
Accumulated deficit (390,381) (338,647)
Total stockholders' equity 77,486 110,123
Total liabilities and stockholders' equity $ 256,009 $ 256,512
[1] The issued and outstanding shares of the Company's common stock have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).