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
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,859) $ (13,838)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 3,045 3,375
Amortization of operating right-of-use assets 938 908
Provision for losses on accounts receivable 422 150
Amortization of deferred contract costs 2,976 2,640
Loss on disposal of assets 3 0
Stock-based compensation 4,513 3,425
Net accretion of discounts on short-term investments (687) 0
Changes in operating assets and liabilities:    
Accounts receivable (177) 12
Deferred contract costs (3,212) (2,409)
Prepaid expenses and other assets 534 950
Accounts payable 355 148
Accrued liabilities 1,162 69
Operating lease liabilities (900) (332)
Deferred revenue 428 731
Net cash provided by (used in) operating activities 1,541 (4,171)
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities of short-term investments 13,000 0
Purchases of short-term investments (17,485) 0
Purchases of property and equipment (620) (541)
Capitalized internal-use software costs (334) (367)
Net cash used in investing activities (5,439) (908)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (1,960) (2,176)
Proceeds from stock option exercises 73 559
Payments for taxes related to net share settlement of equity awards (753) 0
Paid offering costs 0 (400)
Proceeds from the employee stock purchase plan 622 0
Net cash used in financing activities (2,018) (2,017)
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,916) (7,096)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 61,997 135,996
CASH AND CASH EQUIVALENTS, END OF PERIOD 56,081 128,900
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 472 293
Cash paid during the period for income taxes 20 32
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 3 20
Finance lease liabilities arising from obtaining finance lease right-of-use assets 1,928 2,027
Operating lease liabilities arising from obtaining operating lease right-of-use assets 154 0
Unrealized gain on short-term investments $ 18 $ 0