v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (2,909) $ (1,790)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 1,573 1,771
Amortization of intangible assets 965 661
Impairment of property and equipment 252 72
Stock-based compensation 2,927 2,220
Change in fair value of contingent consideration   (6)
Deferred taxes 41  
Allowance for credit losses 126 25
Changes in operating assets and liabilities:    
Accounts receivable and contract assets (4,627) 4,211
Prepaid expenses and other assets 278 (486)
Accounts payable (886) 219
Accrued expenses and other liabilities (1,438) (1,834)
Deferred revenue 8,675 (6,261)
Net cash provided by (used in) operating activities 4,977 (1,198)
Cash flows from investing activities:    
Purchase of property and equipment (2,134) (1,537)
Investment in intangible and other assets (6) (23)
Net cash used in investing activities (2,140) (1,560)
Cash flows from financing activities:    
Payment of contingent consideration liability   (1,500)
Proceeds from line of credit 3,000  
Proceeds from exercise of stock options   127
Repurchases of common stock   (1,256)
Payment of line of credit (3,000)  
Net cash used in financing activities   (2,629)
Change in cash, cash equivalents and restricted cash 2,837 (5,387)
Effect of exchange rate on cash and cash equivalents (16) (17)
Cash, cash equivalents at beginning of year 5,703 10,479
Cash, cash equivalents at end of period 8,524 5,075
Supplemental cash flow disclosures:    
Property and equipment purchases included in accounts payable $ 584 $ 1,074

Source

HTML PDF
ZIP