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, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (21,635) $ (23,992)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 8,669 8,969
Amortization of operating right-of-use assets 2,949 2,857
Provision for losses on accounts receivable 1,243 846
Amortization of deferred contract costs 9,992 8,984
Loss on disposal of assets 1 12
Stock-based compensation 23,085 16,576
Net accretion of discounts on short-term investments (1,677) (2,008)
Changes in operating assets and liabilities:    
Accounts receivable (6,096) (1,263)
Deferred contract costs (11,531) (9,820)
Prepaid expenses and other assets 1,665 396
Accounts payable 2,465 989
Accrued liabilities 191 3,189
Operating lease liabilities (2,963) (2,766)
Deferred revenue 1,117 3,510
Net cash provided by operating activities 7,475 6,479
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities of short-term investments 55,745 43,900
Purchases of short-term investments (43,016) (45,735)
Purchases of property and equipment (1,802) (1,513)
Capitalized internal-use software costs (1,434) (1,370)
Net cash provided by (used in) investing activities 9,493 (4,718)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (5,285) (5,666)
Proceeds from stock option exercises 550 11,353
Payments for taxes related to net share settlement of equity awards (13,883) (7,483)
Proceeds from the employee stock purchase plan 1,997 1,329
Net cash used in financing activities (16,621) (467)
NET INCREASE IN CASH AND CASH EQUIVALENTS 347 1,294
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 50,756 61,997
CASH AND CASH EQUIVALENTS, END OF PERIOD 51,103 63,291
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 1,123 1,485
Cash paid during the period for income taxes 122 148
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Finance lease liabilities arising from obtaining finance lease right-of-use assets 5,247 5,438
Operating lease liabilities arising from obtaining operating lease right-of-use assets 149 154
Unrealized gain (loss) on short-term investments $ 19 $ (35)