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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income (loss) $ (7,430) $ 19,471
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 6,160 5,749
Impairment of capitalized software development costs 437 130
Stock-based compensation expense 36,253 5,307
Common stock warrant expense 27,084 9,052
Credit loss expense 1,217 441
Loss on extinguishment of debt 9,630 0
Amortization of debt discount and issuance costs 1,036 2,475
Change in fair value of convertible notes derivative liability 3,085 3,200
Other 36 51
Changes in assets and liabilities:    
Accounts receivable (2,561) (63,270)
Other current and long-term assets (977) 472
Accounts payable 188 826
Due to third-party publishers 23,182 26,215
Accrued expenses (5,926) (2,773)
Deferred revenue 2,128 955
User redemption liability 2,128 955
Increase (Decrease) in Contract with Customer, User Redemption, Liability (4,499) (7,936)
Other current and long-term liabilities 4,887 (1,317)
Net cash provided by (used in) operating activities 93,930 (952)
Investing activities    
Additions to property and equipment (655) (372)
Additions to capitalized software development costs (7,001) (5,871)
Maturities of short-term investments 0 27,900
Net cash (used in) provided by investing activities (7,656) 21,657
Financing activities    
Proceeds from exercise of stock options 7,649 1,154
Proceeds from initial public offering, net 206,692 0
Deferred offering costs (5,972) (4)
Purchase of treasury stock (15,611) 0
Taxes paid related to net share settlement of equity awards (246) 0
Other financing activities (103) 0
Net cash provided by financing activities 192,409 1,150
Net change in cash and cash equivalents 278,683 21,855
Cash, and cash equivalents, beginning of period 62,591 17,818
Cash, and cash equivalents, end of period 341,274 39,673
Supplemental Cash Flow Information [Abstract]    
Interest paid 2,529 3,464
Income taxes paid 8,134 1,903
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Deferred offering costs not yet paid 65 421
Stock-based compensation included in capitalized software development costs $ 317 $ 320