Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 29,136 $ 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 4,718 2,881
Other current assets 16,848 7,153
Total current assets 72,339 94,178
Property and equipment, net 60,446 55,823
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 8,380 9,562
Total assets 239,264 255,985
Current liabilities    
Accounts payable 8,012 4,800
Accrued wages and benefits 1,829 4,502
Contract liabilities, current portion 31,178 20,524
Other accrued expenses 8,326 8,469
Total current liabilities 49,345 38,295
Long-term debt 114,113 98,475
Contract liabilities, non-current 17,923 14,349
Contingent earnout liability 220 349
Deferred income tax liabilities 804 732
Warrant liability 5,988 1,831
Operating lease liabilities, net of current portion 13,079 10,815
Other long-term liabilities 8 8
Total liabilities 201,480 164,854
Commitments and contingencies (Note 10)
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 (4,556) (6,908)
Accumulated deficit (435,286) (357,728)
Total stockholders' equity 37,784 91,131
Total liabilities and stockholders' equity $ 239,264 $ 255,985
[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).