Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 51,985 $ 29,144
Marketable securities 12,003 11,726
Accounts receivable, net (including allowance of $271 and $586 as of March 31, 2024 and December 31, 2023, respectively) 12,346 9,911
Contract assets 5,205 6,215
Other current assets 12,241 12,340
Total current assets 93,780 69,336
Property and equipment, net 71,853 71,209
Operating lease right-of-use assets 14,324 14,921
Goodwill 50,051 51,155
Customer relationships 18,467 19,363
Other intangible assets 11,994 12,660
Other long-term assets, including restricted cash 7,503 8,181
Total assets 267,972 246,825
Current liabilities    
Accounts payable 5,869 8,012
Accrued wages and benefits 2,147 1,829
Contract liabilities, current portion 22,617 23,165
Other accrued expenses 11,309 8,540
Total current liabilities 41,942 41,546
Long-term debt 115,016 114,113
Contingent earnout liability 265 220
Deferred income tax liabilities 1,058 1,069
Warrant liability 10,672 5,988
Operating lease liabilities, net of current portion 12,488 13,079
Other long-term liabilities 1,221 272
Total liabilities 182,662 176,287
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, 24,315,589 Class A and 1,507,325 Class B shares issued and outstanding at March 31, 2024; 21,097,351 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2023 3 2
Additional paid-in capital 519,400 477,624
Accumulated other comprehensive loss (6,234) (4,485)
Accumulated deficit (427,859) (402,603)
Total stockholders' equity 85,310 70,538
Total liabilities and stockholders' equity $ 267,972 $ 246,825