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Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Property and equipment, less accumulated depreciation of $9,548 and $8,905, respectively $ 2,057 $ 2,541
Current Assets:    
Cash and cash equivalents 341,274 62,591
Accounts receivable, less allowances of $3,825 and $3,160, respectively 227,792 226,439
Prepaid expenses and other current assets 6,992 9,314
Total current assets 576,058 298,344
Capitalized software development costs, less accumulated amortization of $17,216 and $13,482, respectively 15,437 12,844
Equity investment 4,531 4,531
Other long-term assets 183 1,530
Total assets 598,266 319,790
Current liabilities:    
Accounts payable 8,251 8,937
Due to third-party publishers 96,337 73,155
Accrued expenses 18,500 24,582
Other current liabilities 3,596 4,317
Total current liabilities 211,472 198,150
Long-term liabilities:    
Long-term debt, net 0 64,448
Convertible notes derivative liability 0 25,400
Other long-term liabilities 8,836 3,864
Total liabilities 220,308 291,862
Commitments and contingencies
Redeemable convertible preferred stock, $0.00001 par value: zero and 17,245,954 shares authorized, issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 0 0
Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of September 30, 2024; zero shares authorized, issued, and outstanding as of December 31, 2023 0 0
Stockholders’ equity:    
Common stock, $0.00001 par value: zero shares authorized, issued, and outstanding as of September 30, 2024; 40,000,000 shares authorized and 9,207,337 shares issued and outstanding as of December 31, 2023 0 0
Additional paid-in capital 610,263 237,116
Treasury stock, at cost, 274,902 shares at September 30, 2024 and zero shares at December 31, 2023 (15,687) 0
Accumulated deficit (216,618) (209,188)
Total stockholders' equity 377,958 27,928
Total liabilities, redeemable convertible preferred stock, and stockholders' equity 598,266 319,790
Common Class A    
Stockholders’ equity:    
Common stock, $0.00001 par value: zero shares authorized, issued, and outstanding as of September 30, 2024; 40,000,000 shares authorized and 9,207,337 shares issued and outstanding as of December 31, 2023 0 0
Common Class B    
Stockholders’ equity:    
Common stock, $0.00001 par value: zero shares authorized, issued, and outstanding as of September 30, 2024; 40,000,000 shares authorized and 9,207,337 shares issued and outstanding as of December 31, 2023 0 0
Deferred revenue    
Current liabilities:    
Deferred revenue 4,756 2,628
User redemption liability 4,756 2,628
User redemption liability    
Current liabilities:    
Deferred revenue 80,032 84,531
User redemption liability $ 80,032 $ 84,531