Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 29,061 $ 29,136
Marketable securities 7,574 11,726
Accounts receivable, net (including allowance of $251 and $586 as of September 30, 2024 and December 31, 2023, respectively) 9,163 9,911
Contract assets 4,148 4,718
Other current assets 8,255 16,848
Total current assets 58,201 72,339
Property and equipment, net 68,335 60,446
Operating lease right-of-use assets 12,267 14,921
Goodwill 50,126 51,155
Customer relationships 17,538 19,363
Other intangible assets 11,215 12,660
Other long-term assets, including restricted cash 6,509 8,380
Total assets 224,191 239,264
Current liabilities    
Accounts payable 10,794 8,012
Accrued wages and benefits 2,562 1,829
Long-term debt, current portion 92,225 0
Contract liabilities, current portion 27,214 31,178
Other accrued expenses 11,004 8,326
Total current liabilities 143,799 49,345
Long-term debt 4,910 114,113
Contract liabilities, non-current portion 22,566 17,923
Contingent earnout liability 937 220
Deferred income tax liabilities 830 804
Warrant liability 9,495 5,988
Operating lease liabilities, net of current portion 10,808 13,079
Other long-term liabilities 8 8
Total liabilities 193,353 201,480
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, 25,098,385 Class A and 1,507,325 Class B shares issued and outstanding at September 30, 2024; 21,097,351 Class A and 1,507,325 Class B share issued and outstanding at December 31, 2023 3 2
Additional paid-in capital 529,526 477,624
Accumulated other comprehensive loss (8,829) (4,556)
Accumulated deficit (489,862) (435,286)
Total stockholders' equity 30,838 37,784
Total liabilities and stockholders' equity $ 224,191 $ 239,264