Quarterly report [Sections 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 $ 51,731 $ 29,136
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 4,987 4,718
Other current assets 9,125 16,848
Total current assets 90,192 72,339
Property and equipment, net 59,600 60,446
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 7,701 8,380
Total assets 252,329 239,264
Current liabilities    
Accounts payable 5,869 8,012
Accrued wages and benefits 2,147 1,829
Contract liabilities, current portion 22,230 31,178
Other accrued expenses 11,125 8,326
Total current liabilities 41,371 49,345
Long-term debt 115,016 114,113
Contract liabilities, non-current 19,259 17,923
Contingent earnout liability 265 220
Deferred income tax liabilities 795 804
Warrant liability 10,672 5,988
Operating lease liabilities, net of current portion 12,488 13,079
Other long-term liabilities 8 8
Total liabilities 199,874 201,480
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, 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 (6,118) (4,556)
Accumulated deficit (460,830) (435,286)
Total stockholders' equity 52,455 37,784
Total liabilities and stockholders' equity $ 252,329 $ 239,264