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, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,847) $ (28,653)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 5,998 6,693
Amortization of operating right-of-use assets 1,905 1,822
Provision for losses on accounts receivable 654 299
Amortization of deferred contract costs 6,023 5,408
Loss on disposal of assets 11 0
Stock-based compensation 10,389 7,905
Net accretion of discounts on short-term investments (1,344) 0
Changes in operating assets and liabilities:    
Accounts receivable (641) (221)
Deferred contract costs (6,740) (5,976)
Prepaid expenses and other assets 1,443 2,390
Accounts payable 471 592
Accrued liabilities 845 2,021
Operating lease liabilities (1,841) (971)
Deferred revenue 2,819 2,789
Net cash provided by (used in) operating activities 3,145 (5,902)
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities of short-term investments 29,000 0
Purchases of short-term investments (35,152) 0
Purchases of property and equipment (838) (921)
Capitalized internal-use software costs (791) (678)
Net cash used in investing activities (7,781) (1,599)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (3,807) (4,460)
Proceeds from stock option exercises 621 693
Payments for taxes related to net share settlement of equity awards (2,672) 0
Paid offering costs 0 (400)
Proceeds from the employee stock purchase plan 622 0
Net cash used in financing activities (5,236) (4,167)
NET DECREASE IN CASH AND CASH EQUIVALENTS (9,872) (11,668)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 61,997 135,996
CASH AND CASH EQUIVALENTS, END OF PERIOD 52,125 124,328
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 973 625
Cash paid during the period for income taxes 69 51
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 0 20
Finance lease liabilities arising from obtaining finance lease right-of-use assets 3,639 3,324
Operating lease liabilities arising from obtaining operating lease right-of-use assets 154 0
Accrued unpaid offering costs 0 271
Unrealized loss on short-term investments $ (52) $ 0