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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenue $ 82,654 $ 73,719 $ 160,830 $ 141,366
Expenses:        
Cost of revenue - digital 24,424 19,649 47,082 36,516
Direct operating expenses (including related parties of $1,536, $1,543, $2,936 and $2,964) (including non-cash stock-based compensation of $1,499, $2,158, $2,882 and $3,667) 31,756 28,856 63,557 55,458
Selling, general and administrative expenses 14,363 12,610 28,697 25,417
Corporate expenses (including non-cash stock-based compensation of $2,734, $3,243, $6,396 and $5,440) 10,811 12,042 23,059 22,544
Depreciation and amortization (including related parties of $232, $232, $464 and $464) 4,428 3,713 9,167 7,214
Change in fair value of contingent consideration 240 21 20 721
Foreign currency (gain) loss (24) 792 241 1,006
Operating income (loss) (3,344) (3,964) (10,993) (7,510)
Interest expense (4,118) (4,195) (8,561) (8,118)
Interest income 577 720 1,155 1,328
Dividend income   14 10 32
Realized gain (loss) on marketable securities 4 (29) (109) (61)
Gain (loss) on debt extinguishment (51) (91) (1,556)
Income (loss) from continuing operations before income taxes (6,932) (7,454) (18,589) (15,885)
Income tax benefit (expense) 10,664 1,628 14,811 2,043
Net income (loss) from continuing operations 3,732 (5,826) (3,778) (13,842)
Net income (loss) from discontinued operations, net of tax (35,412) 3,837 (76,792) 13,894
Net income (loss) attributable to common stockholders $ (31,680) $ (1,989) $ (80,570) $ 52
Basic and diluted earnings per share:        
Net income (loss) per share from continuing operations, basic $ 0.04 $ (0.07) $ (0.04) $ (0.16)
Net income (loss) per share from continuing operations, diluted 0.04 (0.07) (0.04) (0.16)
Net income (loss) per share from discontinued operations, basic (0.39) 0.04 (0.86) 0.16
Net income (loss) per share from discontinued operations, diluted (0.39) 0.04 (0.86) 0.16
Net income (loss) per share attributable to common stockholders, basic (0.35) (0.02) (0.9) 0
Net income (loss) per share attributable to common stockholders, diluted (0.35) (0.02) (0.9) 0
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.1 $ 0.1
Weighted average common shares outstanding, basic 89,820,737 87,787,772 89,669,397 87,706,282
Weighted average common shares outstanding, diluted 90,721,280 87,787,772 89,669,397 87,706,282