v3.24.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 65,584 $ 32,557
Accounts receivable, less allowance for credit losses of $127 as of September 30, 2024 and $230 as of December 31, 2023 32,464 21,949
Contract assets 1,914 4,822
Prepaid expenses and other current assets 4,222 4,449
Total current assets 104,184 63,777
Non-current assets:    
Property and equipment, net 1,519 997
Goodwill 118,621 48,683
Intangible assets, net 119,257 82,040
Right-of-use assets 9,430 4,041
Other non-current assets 1,072 372
Total assets 354,083 199,910
Current liabilities:    
Accounts payable 4,249 11,038
Short-term debt, including current portion of long-term debt 0 1,229
Accrued liabilities 26,356 16,233
Contract liabilities 2,082 879
Current portion of long-term lease liability 1,075 779
Derivative liabilities 15,796 37,862
Other current liabilities 1,027 602
Total current liabilities 50,585 68,622
Non-current liabilities:    
Long-term debt, net 195,738 194,273
Long-term lease liability 9,327 4,313
Deferred tax liabilities 0 37
Total liabilities 255,650 267,245
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Common stock, par value $0.0001; 500,000,000 shares authorized and 250,060,927 shares issued and outstanding at September 30, 2024 and 157,287,522 shares issued and outstanding at December 31, 2023 25 17
Additional paid-in capital 618,256 303,428
Treasury stock, at cost 9,952,803 shares at September 30, 2024 and December 31, 2023 (57,350) (57,350)
Accumulated deficit (462,490) (313,430)
Accumulated other comprehensive loss (8) 0
Total stockholders’ equity (deficit) 98,433 (67,335)
Total liabilities and stockholders’ equity (deficit) $ 354,083 $ 199,910

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