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, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (15,756) $ (16,847)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 5,957 5,998
Amortization of operating right-of-use assets 1,958 1,905
Provision for losses on accounts receivable 843 654
Amortization of deferred contract costs 6,652 6,023
Loss on disposal of assets 1 11
Stock-based compensation 15,063 10,389
Net accretion of discounts on short-term investments (1,174) (1,344)
Changes in operating assets and liabilities:    
Accounts receivable (2,860) (641)
Deferred contract costs (8,043) (6,740)
Prepaid expenses and other assets 1,466 1,443
Accounts payable 2,436 471
Accrued liabilities (3,003) 845
Operating lease liabilities (1,968) (1,841)
Deferred revenue 1,403 2,819
Net cash provided by operating activities 2,975 3,145
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities of short-term investments 32,274 29,000
Purchases of short-term investments (20,482) (35,152)
Purchases of property and equipment (1,254) (838)
Capitalized internal-use software costs (1,023) (791)
Net cash provided by (used in) investing activities 9,515 (7,781)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (3,542) (3,807)
Proceeds from stock option exercises 357 621
Payments for taxes related to net share settlement of equity awards (9,422) (2,672)
Proceeds from the employee stock purchase plan 1,020 622
Net cash used in financing activities (11,587) (5,236)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 903 (9,872)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 50,756 61,997
CASH AND CASH EQUIVALENTS, END OF PERIOD 51,659 52,125
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 718 973
Cash paid during the period for income taxes 66 69
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Equipment purchases financed with accounts payable 45 3
Finance lease liabilities arising from obtaining finance lease right-of-use assets 3,576 3,639
Operating lease liabilities arising from obtaining operating lease right-of-use assets 149 154
Unrealized loss on short-term investments $ (87) $ (52)