v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 11,833 $ 13,183
Accounts receivable and contract assets, net 28,506 25,464
Prepaid expenses and other current assets 5,764 4,881
Total current assets 46,103 43,528
Property and equipment, net 19,159 20,131
Operating lease right-of-use assets 1,651 1,878
Goodwill 34,213 34,213
Intangible assets, net 30,300 33,182
Other assets 3,007 3,861
Total assets 134,433 136,793
Current liabilities    
Accounts payable 2,857 3,442
Accrued expenses and other current liabilities 7,892 10,216
Line of credit 4,000 4,000
Deferred revenue, short-term 39,259 38,401
Total current liabilities 54,008 56,059
Deferred revenue, long-term 4,654 5,832
Deferred tax liability 1,382 1,361
Operating lease liabilities, net of current portion 841 1,142
Total liabilities 60,885 64,394
Commitments and contingencies (Note 13)
Stockholders' equity    
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,698,459 and 12,634,485 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 63 64
Additional paid-in capital 184,772 177,021
Accumulated deficit (110,946) (104,298)
Accumulated other comprehensive loss (341) (388)
Total stockholders' equity 73,548 72,399
Total liabilities and stockholders' equity $ 134,433 $ 136,793

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