Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (13,838) $ (8,983)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 3,375 2,635
Amortization of operating right-of-use assets 908  
Provision for losses on accounts receivable 150 23
Amortization of contract acquisition costs 2,640 2,115
Stock-based compensation 3,425 1,824
Changes in operating assets and liabilities:    
Accounts receivable 12 (2,120)
Contract acquisition costs (2,409) (2,647)
Prepaid expenses and other assets 950 222
Accounts payable 148 (197)
Accrued liabilities 69 (390)
Operating lease liabilities (332)  
Deferred revenue 731 1,459
Deferred rent 0 787
Net cash used in operating activities (4,171) (5,272)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (541) (1,782)
Capitalized internal-use software costs (367) (539)
Net cash used in investing activities (908) (2,321)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (2,176) (1,817)
Proceeds from stock option exercises 559 248
Paid offering costs (400) 0
Net cash used in financing activities (2,017) (1,569)
NET DECREASE IN CASH AND CASH EQUIVALENTS (7,096) (9,162)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 135,996 55,698
CASH AND CASH EQUIVALENTS, END OF PERIOD 128,900 46,536
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 293 280
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 20 36
Finance lease liabilities arising from obtaining finance lease right-of-use assets $ 2,027 $ 2,940