XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (23,154) $ (13,587)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,773 1,278
Bad debt expense (2) 0
Change in fair value of available-for-sale securities 111 (8)
Deferred income taxes (1,073) (448)
Stock-based compensation 6,943 7,894
Changes in assets and liabilities    
Accounts receivable 8,416 12,651
Prepaid expenses and other assets (3,579) (279)
Deferred commissions (1,383) (2,642)
Accounts payable and accrued expenses 2,338 1,159
Accrued compensation and related benefits (6,798) (1,955)
Other current and non-current liabilities 18 151
Deferred revenue (3,764) (7,192)
Operating lease liabilities (450) 168
Net cash used in operating activities (20,604) (2,810)
Cash flows from investing activities    
Purchases of investments (16,240) 0
Proceeds from investments 21,729 5,625
Purchases of property and equipment (3,390) (468)
Net cash provided by investing activities 2,099 5,157
Cash flows from financing activities    
Proceeds from exercise of common stock options 24,404 625
Net cash provided by financing activities 24,404 625
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 40 (682)
Net increase in cash, cash equivalents, and restricted cash 5,939 2,290
Cash, cash equivalents, and restricted cash at beginning of period 103,960 112,462
Cash, cash equivalents, and restricted cash at end of period 109,899 114,752
Supplemental disclosure of cash flow information    
Cash paid for interest 78 88
Cash paid for income taxes $ 197 $ 148