Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 220,463 $ 254,722
Accounts receivable, net 50,134 85,063
Expenditures billable to clients 17,975 27,180
Prepaid expenses and other current assets 14,365 12,117
Total current assets 302,937 379,082
Property, equipment and improvements, net 3,400 1,556
Intangible assets, net 89,370 93,872
Goodwill 45,787 42,028
Long-term restricted cash 856 855
Other assets 9,603 954
Total assets 451,953 518,347
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 30,213 46,711
Accrued media payments 81,569 86,923
Client advances 11,977 10,561
Contingent consideration, current 21,680 20,053
Other accrued liabilities 24,963 27,093
Total current liabilities 170,402 191,341
Convertible senior notes, non-current 195,681 195,082
Contingent consideration, non-current 305 31,533
Other non-current liabilities 15,344 13,891
Total liabilities 381,732 431,847
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 36,128,363 and 34,972,256 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 36 35
Additional paid-in capital 440,809 431,606
Accumulated deficit (371,096) (345,037)
Accumulated other comprehensive income (loss) 472 (104)
Total stockholders' equity 70,221 86,500
Total liabilities and stockholders' equity $ 451,953 $ 518,347