XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 171,512 $ 200,270 $ 324,673 $ 423,980
Cost of revenue 108,181 126,829 205,919 267,895
Gross profit 63,331 73,441 118,754 156,085
Operating expenses:        
Sales and marketing 27,915 42,051 49,990 76,905
General and administrative 52,371 31,436 79,050 72,152
Amortization of intangible assets 8,888 8,888 17,777 17,777
Change in fair value of contingent consideration 1,765 255 2,808 1,955
Goodwill impairment 0 111,485 0 111,485
Total operating expense 90,939 194,115 149,625 280,274
Loss from operations (27,608) (120,674) (30,871) (124,189)
Other income (expense):        
Interest expense (7,810) (7,064) (15,891) (12,901)
Other income (expense), net 5,450 (5,350) 6,028 (4,806)
Total other expense (2,360) (12,414) (9,863) (17,707)
Loss before provision for income taxes (29,968) (133,088) (40,734) (141,896)
Provision for income taxes 198 46 362 198
Net loss $ (30,166) $ (133,134) $ (41,096) $ (142,094)
Net income (loss) per share - basic (in dollars per share) $ (0.25) $ (1.13) $ (0.33) $ (1.20)
Net income (loss) per share - diluted (in dollars per share) $ (0.25) $ (1.13) $ (0.33) $ (1.20)
Weighted average common shares outstanding - basic (in shares) 123,027,759 118,211,168 122,864,345 118,051,090
Weighted average common shares outstanding - diluted (in shares) 123,027,759 118,211,168 122,864,345 118,051,090
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 35 $ 12 $ 3 $ 9
Change in cash flow hedge 0 5,735 (2,088) 12,324
Amortization of dedesignated cash flow hedge (2,769) 0 (5,142) 0
Total other comprehensive income (loss) (2,734) 5,747 (7,227) 12,333
Comprehensive loss $ (32,900) $ (127,387) $ (48,323) $ (129,761)