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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 159,551 $ 203,244
Accounts receivable, net 26,993 22,720
Prepaid expenses and other current assets 5,795 5,576
Total current assets 192,339 231,540
Property and equipment, net 9,663 7,507
Operating lease right-of-use assets 8,143 9,824
Primary law intangible asset, net 14,000 0
Other intangible assets, net 681 962
Goodwill 5,898 5,898
Other assets 823 591
Total assets 231,547 256,322
Current liabilities:    
Accounts payable 5,234 8,485
Accrued expenses 5,502 4,705
Accrued salary and benefits 6,230 3,536
Deferred revenue 4,285 4,100
Operating leases 1,826 1,902
Finance leases 41 39
Total current liabilities 23,118 22,767
Operating leases, non-current 7,136 8,770
Finance leases, non-current 158 199
Other liabilities 800 950
Total liabilities 31,212 32,686
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock $0.005 par value, 100,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and 2022 0 0
Common stock $0.005 par value, 1,000,000 shares authorized as of December 31, 2023 and 2022; 61,010 and 59,190 shares issued and outstanding as of December 31, 2023 and 2022, respectively 306 296
Additional paid-in capital 440,408 421,569
Accumulated deficit (240,379) (198,229)
Total stockholders’ equity 200,335 223,636
Total liabilities and stockholders’ equity $ 231,547 $ 256,322