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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net loss $ 577 $ (5,075)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization expense 2,438 848
Amortization of deferred contract costs 4,578 3,435
Stock-based compensation expense 1,789 670
Non-cash interest expense 158 0
Deferred taxes (83) (95)
Deposit on letter of credit 88 0
Other long-term liabilities 0 497
Changes in operating assets and liabilities    
Accounts receivable (741) 553
Deferred contract costs (6,964) (4,700)
Prepaid expenses and other current assets (3,924) (761)
Accounts payable (3,219) 273
Accrued expenses 14,419 2,304
Deferred revenue 9,634 3,825
Net cash provided by operating activities 18,750 1,774
Investing Activities    
Purchases of property and equipment (1,558) (1,911)
Purchases of convertible debt securities (500) 0
Capitalization of internal-use software development costs (433) (992)
Cash paid for acquisition of business, net of cash acquired (350) (3,181)
Net cash used in investing activities (2,841) (6,084)
Financing Activities    
Proceeds from exercise of stock options 604 245
Net proceeds from completing initial public offering 137,467 0
Payment of capital leases (913) 0
Payment of deferred offering costs 0 (658)
Net cash provided by (used in) financing activities 137,158 (413)
Increase in cash, cash equivalents and restricted cash 153,067 (4,723)
Cash, cash equivalents and restricted cash, beginning of year 35,619 37,523
Cash, cash equivalents and restricted cash, end of year 188,686 32,800
Supplemental cash flow disclosures    
Cash paid for interest 193 0
Cash paid for income taxes 201 555
Acquisition of fixed asset under capital lease $ 5,750 $ 0