v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (9,180) $ (2,718) $ 6,385
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of property and equipment 6,211 6,718 6,400
Amortization of intangible assets 3,857 3,920 2,799
Impairment of property and equipment 605 114  
Stock-based compensation 12,128 9,982 8,282
Change in fair value of contingent consideration (554) (5,686) (9,154)
Deferred taxes 135 541 685
Loss on disposal of property and equipment 24    
Allowance for credit losses 176 99 (74)
Changes in operating assets and liabilities:      
Accounts receivable and contract assets 5,060 619 (14,530)
Prepaid expenses and other assets (932) (1,357) (1,168)
Accounts payable 792 1,094 (18)
Accrued expenses and other liabilities 1,740 (149) 947
Deferred revenue 2,158 (2,226) 11,630
Net cash provided by operating activities 22,220 10,951 12,184
Cash flows from investing activities:      
Purchase of property and equipment (6,327) (5,053) (10,915)
Investment in intangible and other assets (105) (437) (6)
Business acquisition, net of cash acquired   (10,995) (4,618)
Net cash used in investing activities (6,432) (16,485) (15,539)
Cash flows from financing activities:      
Payment of contingent consideration liability   (1,500)  
Proceeds from (Payment on) line of credit (3,000) 7,000  
Proceeds from exercise of stock options 59 150 538
Repurchases of common stock (6,000) (5,595) (3,084)
Proceeds from employee stock purchase plan 694 740 797
Net cash provided by (used in) financing activities (8,247) 795 (1,749)
Change in cash, cash equivalents 7,541 (4,739) (5,104)
Effect of exchange rate on cash and cash equivalents (61) (37) (53)
Cash, cash equivalents at beginning of year 5,703 10,479 15,636
Cash, cash equivalents at end of year 13,183 5,703 10,479
Supplemental cash flow disclosures:      
Cash paid for interest 394 151  
Non-cash investing and financing activities:      
Property and equipment purchases included in accounts payable $ 88 477 404
Estimated fair value of contingent consideration for business combination at closing   2,994 12,400
Fair value of common stock issued as consideration for acquisitions   $ 11,291 $ 14,266

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