Consolidated Financial Statements Details (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Organization Consolidation And Presentation Of Financial Statements [Abstract] |
|
| Summary of Accounts Receivable, Net |
Accounts receivable consisted of the following:
|
|
|
As of
|
|
|
|
|
March 31,
|
|
|
December 31,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
Accounts receivable — Managed Services(1)
|
|
$
|
35,648
|
|
|
$
|
21,347
|
|
|
Accounts receivable — Software Products & Services(2)
|
|
|
25,847
|
|
|
|
59,568
|
|
|
Accounts receivable — Other
|
|
|
6,452
|
|
|
|
4,926
|
|
|
|
|
|
67,947
|
|
|
|
85,841
|
|
|
Less: allowance for doubtful accounts
|
|
|
(972
|
)
|
|
|
(778
|
)
|
|
Accounts receivable, net
|
|
$
|
66,975
|
|
|
$
|
85,063
|
|
|
|
(1)
|
Accounts receivable – Managed Services reflects the amounts due from the Company’s advertising customers.
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|
|
(2)
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Accounts receivable – Software Products & Services reflects the amounts due from the Company’s PandoLogic customers.
|
|
| Summary of Property Equipment and Improvements, Net |
Property, equipment and improvements, net consisted of the following:
|
|
|
As of
|
|
|
|
|
March 31,
|
|
|
December 31,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
Property and equipment
|
|
$
|
5,088
|
|
|
$
|
4,262
|
|
|
Leasehold improvements
|
|
|
167
|
|
|
|
167
|
|
|
|
|
|
5,255
|
|
|
|
4,429
|
|
|
Less: accumulated depreciation
|
|
|
(3,118
|
)
|
|
|
(2,873
|
)
|
|
Property, equipment and improvements, net
|
|
$
|
2,137
|
|
|
$
|
1,556
|
|
|
| Summary of Accounts Payable |
Accounts payable consisted of the following:
|
|
|
As of
|
|
|
|
|
March 31,
|
|
|
December 31,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
Accounts payable — Managed Services(1)
|
|
$
|
27,440
|
|
|
$
|
23,613
|
|
|
Accounts payable — Other
|
|
|
10,905
|
|
|
|
23,098
|
|
|
Total
|
|
$
|
38,345
|
|
|
$
|
46,711
|
|
|
|
(1)
|
Accounts payable – Managed Services reflects the amounts due to media vendors for advertisements placed on behalf of the Company’s advertising clients.
|
|
| Summary of Revenue |
Revenue for the periods presented were comprised of the following:
|
|
|
Three Months Ended
|
|
|
|
|
March 31,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
Commercial Enterprise
|
|
$
|
33,626
|
|
|
$
|
17,005
|
|
|
Government & Regulated Entities
|
|
|
781
|
|
|
|
1,290
|
|
|
Total revenue
|
|
$
|
34,407
|
|
|
$
|
18,295
|
|
|
| Summary of Presentation of Revenues |
The table below illustrates the presentation of our revenues based on the above definitions:
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|
|
Three Months Ended
|
|
|
|
|
March 31, 2022
|
|
|
|
|
|
|
|
|
Government &
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
Regulated
|
|
|
|
|
|
|
|
|
Enterprise
|
|
|
Industries
|
|
|
Total
|
|
|
Total Software Products & Services(1)
|
|
$
|
17,386
|
|
|
$
|
781
|
|
|
$
|
18,167
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Managed Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising
|
|
|
10,968
|
|
|
|
—
|
|
|
|
10,968
|
|
|
Licensing
|
|
|
5,272
|
|
|
|
—
|
|
|
|
5,272
|
|
|
Total Managed Services
|
|
|
16,240
|
|
|
|
—
|
|
|
|
16,240
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue
|
|
$
|
33,626
|
|
|
$
|
781
|
|
|
$
|
34,407
|
|
|
|
(1)
|
Software Products & Services consists of aiWARE revenues of $3,371 and PandoLogic revenues of $14,796.
|
|
|
|
Three Months Ended
|
|
|
|
|
March 31, 2021
|
|
|
|
|
|
|
|
|
Government &
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
Regulated
|
|
|
|
|
|
|
|
|
Enterprise
|
|
|
Industries
|
|
|
Total
|
|
|
Total Software Products & Services
|
|
$
|
3,395
|
|
|
$
|
1,290
|
|
|
$
|
4,685
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Managed Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising
|
|
|
10,327
|
|
|
|
—
|
|
|
|
10,327
|
|
|
Licensing
|
|
|
3,283
|
|
|
|
—
|
|
|
|
3,283
|
|
|
Total Managed Services
|
|
|
13,610
|
|
|
|
—
|
|
|
|
13,610
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Revenue
|
|
$
|
17,005
|
|
|
$
|
1,290
|
|
|
$
|
18,295
|
|
|
| Schedule of Other Expense, Net |
Other expense, net for the periods presented was comprised of the following:
|
|
|
Three Months Ended
|
|
|
|
|
March 31,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
Interest (expense) income, net
|
|
$
|
(1,182
|
)
|
|
$
|
2
|
|
|
Other
|
|
|
(4
|
)
|
|
|
(11
|
)
|
|
Other expense, net
|
|
$
|
(1,186
|
)
|
|
$
|
(9
|
)
|
|