v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 14,242 $ 15,797
Accounts receivable and contract assets, net 21,852 28,570
Prepaid expenses and other current assets 4,138 4,225
Total current assets 40,232 48,592
Property and equipment, net 18,429 18,816
Operating lease right-of-use assets 1,751 1,904
Goodwill 34,213 34,213
Intangible assets, net 28,376 29,335
Other assets 2,724 2,894
Total assets 125,725 135,754
Current liabilities    
Accounts payable 3,663 3,789
Accrued expenses and other current liabilities 7,954 9,578
Line of credit 4,000 4,000
Deferred revenue, short-term 36,948 40,035
Total current liabilities 52,565 57,402
Deferred revenue, long-term 3,402 3,845
Deferred tax liability 1,386 1,359
Operating lease liabilities, net of current portion 764 976
Total liabilities 58,117 63,582
Commitments and contingencies (Note 11)
Stockholders' equity    
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,953,943 and 12,825,960 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 64 64
Additional paid-in capital 188,600 186,115
Accumulated deficit (120,723) (113,718)
Accumulated other comprehensive loss (333) (289)
Total stockholders' equity 67,608 72,172
Total liabilities and stockholders' equity $ 125,725 $ 135,754

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