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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenue $ 97,156 $ 77,420 $ 257,986 $ 218,787
Expenses:        
Cost of revenue 26,801 21,393 73,883 57,910
Direct operating expenses (including related parties of $2,612, $1,523, $5,573 and $4,487) (including non-cash stock-based compensation of $2,128, $2,346, $5,011 and $6,014) 35,617 28,702 99,174 84,160
Selling, general and administrative expenses 17,112 11,946 45,809 37,363
Corporate expenses (including non-cash stock-based compensation of $1,560, $4,395, $7,956 and $9,835) 6,930 13,292 29,989 35,836
Depreciation and amortization (including related parties of $232, $232, $696 and $696) 3,882 4,733 13,049 11,948
Change in fair value of contingent consideration (650) (100) (630) 621
Impairment charge   989 49,438 989
Foreign currency (gain) loss (121) 269 120 1,274
Operating income (loss) 7,585 (3,804) (3,408) (11,314)
Interest expense (4,087) (4,346) (12,648) (12,464)
Interest income 646 1,068 1,801 2,396
Dividend income     10 32
Realized gain (loss) on marketable securities (1) (33) (110) (94)
Gain (loss) on debt extinguishment     (91) (1,556)
Income (loss) from continuing operations before income taxes 4,143 (7,115) (14,446) (23,000)
Income tax benefit (expense) (14,984) 1,012 (173) 3,055
Net income (loss) from continuing operations (10,841) (6,103) (14,619) (19,945)
Net income (loss) from discontinued operations, net of tax (1,139) 8,822 (77,931) 22,716
Net income (loss) attributable to common stockholders $ (11,980) $ 2,719 $ (92,550) $ 2,771
Basic and diluted earnings per share:        
Net income (loss) per share from continuing operations, basic $ (0.12) $ (0.07) $ (0.16) $ (0.23)
Net income (loss) per share from continuing operations, diluted (0.12) (0.07) (0.16) (0.23)
Net income (loss) per share from discontinued operations, basic (0.01) 0.1 (0.87) 0.26
Net income (loss) per share from discontinued operations, diluted (0.01) 0.1 (0.87) 0.26
Net income (loss) per share attributable to common stockholders, basic (0.13) 0.03 (1.03) 0.03
Net income (loss) per share attributable to common stockholders, diluted (0.13) 0.03 (1.03) 0.03
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.15
Weighted average common shares outstanding, basic 89,987,110 87,995,567 89,776,075 87,803,770
Weighted average common shares outstanding, diluted 89,987,110 87,995,567 89,776,075 87,803,770