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
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (40,471) $ (37,622)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 9,844 8,751
Amortization of operating right-of-use assets 2,742  
Provision for losses on accounts receivable 458 227
Amortization of contract acquisition and fulfillment costs 8,236 6,846
Loss on disposal of assets 10 0
Stock-based compensation 13,227 11,047
Changes in operating assets and liabilities:    
Accounts receivable (1,052) (2,263)
Contract acquisition costs (8,490) (10,041)
Prepaid expenses and other assets 934 (1,466)
Accounts payable (712) (335)
Accrued liabilities 3,923 5,832
Operating lease liabilities (1,688) 0
Deferred revenue 3,114 5,567
Deferred rent 0 3,140
Net cash used in operating activities (9,925) (10,317)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of assets 9 0
Purchases of property and equipment (1,191) (5,730)
Capitalized internal-use software costs (1,003) (1,929)
Net cash used in investing activities (2,185) (7,659)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from advance on line of credit 0 5,995
Principal payments on finance leases (6,694) (5,821)
Proceeds from stock option exercises 979 3,240
Proceeds from the employee stock purchase plan 858 0
Paid offering costs (671) (745)
Net cash provided by (used in) financing activities (5,528) 2,669
NET DECREASE IN CASH AND CASH EQUIVALENTS (17,638) (15,307)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 135,996 55,698
CASH AND CASH EQUIVALENTS, END OF PERIOD 118,358 40,391
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 1,005 876
Cash paid during the period for income taxes 82 0
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 29 103
Finance lease liabilities arising from obtaining finance lease right-of-use assets 4,659 7,433
Accrued unpaid offering costs $ 0 $ 1,075