Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 29,144 $ 47,196
Marketable securities 11,726 23,084
Accounts receivable, net (including allowance of $586 and $395 as of December 31, 2023 and 2022, respectively) 9,911 13,864
Contract assets 6,215 3,353
Other current assets 12,340 9,279
Total current assets 69,336 96,776
Property and equipment, net 71,209 53,752
Operating lease right-of-use assets 14,921 11,687
Goodwill 51,155 49,954
Customer relationships 19,363 20,814
Other intangible assets 12,660 13,967
Other long-term assets, including restricted cash 8,181 9,562
Total assets 246,825 256,512
Current liabilities    
Accounts payable 8,012 4,800
Accrued wages and benefits 1,829 4,502
Contract liabilities, current portion 23,165 15,856
Other accrued expenses 8,540 8,210
Total current liabilities 41,546 33,368
Long-term debt 114,113 98,475
Contingent earnout liability 220 349
Deferred income tax liabilities 1,069 771
Warrant liability 5,988 1,831
Operating lease liabilities, net of current portion 13,079 10,815
Other long-term liabilities 272 780
Total liabilities 176,287 146,389
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, 21,097,351 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2023; 17,959,923 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2022(1) [1] 2 2
Additional paid-in capital 477,624 455,765
Accumulated other comprehensive (loss) income (4,485) (6,997)
Accumulated deficit (402,603) (338,647)
Total stockholders' equity 70,538 110,123
Total liabilities and stockholders' equity $ 246,825 $ 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).