Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (28,653) $ (23,402)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 6,693 5,586
Amortization of operating right-of-use assets 1,822 0
Provision for losses on accounts receivable 299 72
Amortization of contract acquisition and fulfillment costs 5,408 4,388
Stock-based compensation 7,905 7,093
Changes in operating assets and liabilities:    
Accounts receivable (221) (2,507)
Contract acquisition costs (5,294) (6,119)
Prepaid expenses and other assets 1,708 259
Accounts payable 592 408
Accrued liabilities 2,021 1,151
Operating lease liabilities (971) 0
Deferred revenue 2,789 4,059
Deferred rent 0 1,969
Net cash used in operating activities (5,902) (7,043)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (921) (3,438)
Capitalized internal-use software costs (678) (1,106)
Net cash used in investing activities (1,599) (4,544)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (4,460) (3,740)
Proceeds from stock option exercises 693 2,125
Paid offering costs (400) 0
Net cash used in financing activities (4,167) (1,615)
NET DECREASE IN CASH AND CASH EQUIVALENTS (11,668) (13,202)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 135,996 55,698
CASH AND CASH EQUIVALENTS, END OF PERIOD 124,328 42,496
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 625 573
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 20 231
Finance lease liabilities arising from obtaining finance lease right-of-use assets 3,324 5,152
Accrued unpaid offering costs $ 271 $ 0