Consolidated Financial Statements Details (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| Organization Consolidation And Presentation Of Financial Statements [Abstract] |
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| Summary of Accounts Receivable, Net |
Accounts receivable consisted of the following:
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As of |
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September 30,
2022 |
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December 31,
2021 |
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Accounts receivable — Managed Services(1) |
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$ |
46,666 |
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$ |
21,347 |
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Accounts receivable — Software Products & Services(2) |
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31,191 |
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59,568 |
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Accounts receivable — Other |
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8,760 |
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|
4,926 |
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86,617 |
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85,841 |
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Less: allowance for doubtful accounts |
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(666 |
) |
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(778 |
) |
Accounts receivable, net |
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$ |
85,951 |
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$ |
85,063 |
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(1)Accounts receivable – Managed Services reflects the amounts due from the Company’s advertising customers.
(2)Accounts receivable – Software Products & Services reflects the amounts due from the Company’s PandoLogic customers.
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| Summary of Property Equipment and Improvements, Net |
Property, equipment and improvements, net consisted of the following:
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As of |
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September 30,
2022 |
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December 31,
2021 |
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Property and equipment |
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$ |
7,451 |
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$ |
4,262 |
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Leasehold improvements |
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248 |
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|
167 |
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7,699 |
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4,429 |
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Less: accumulated depreciation |
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(3,063 |
) |
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(2,873 |
) |
Property, equipment and improvements, net |
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$ |
4,636 |
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$ |
1,556 |
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| Summary of Accounts Payable |
Accounts payable consisted of the following:
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As of |
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September 30,
2022 |
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December 31,
2021 |
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Accounts payable — Managed Services(1) |
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$ |
15,156 |
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$ |
23,613 |
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Accounts payable — Other |
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16,281 |
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|
23,098 |
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Total |
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$ |
31,437 |
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|
$ |
46,711 |
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(1)Accounts payable – Managed Services reflects the amounts due to media vendors for advertisements placed on behalf of the Company’s advertising clients.
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| Summary of Revenue |
Revenue for the periods presented were comprised of the following:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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Commercial Enterprise |
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$ |
36,184 |
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$ |
21,697 |
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$ |
103,174 |
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$ |
57,460 |
|
Government & Regulated Entities |
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1,012 |
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|
958 |
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2,664 |
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2,696 |
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Total revenue |
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$ |
37,196 |
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$ |
22,655 |
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$ |
105,838 |
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$ |
60,156 |
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| 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
September 30, 2022 |
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Nine Months Ended
September 30, 2022 |
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Government & |
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Government & |
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Commercial |
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Regulated |
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Commercial |
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Regulated |
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Enterprise |
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Industries |
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Total |
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Enterprise |
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Industries |
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Total |
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Total Software Products & Services(1) |
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$ |
19,800 |
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|
$ |
1,012 |
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$ |
20,812 |
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$ |
54,694 |
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$ |
2,664 |
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$ |
57,358 |
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Managed Services |
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Advertising |
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11,017 |
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— |
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11,017 |
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32,620 |
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— |
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32,620 |
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Licensing |
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5,367 |
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— |
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5,367 |
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15,860 |
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— |
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15,860 |
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Total Managed Services |
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16,384 |
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— |
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16,384 |
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|
48,480 |
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— |
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48,480 |
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Total Revenue |
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$ |
36,184 |
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$ |
1,012 |
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$ |
37,196 |
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$ |
103,174 |
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$ |
2,664 |
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$ |
105,838 |
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(1)
Software Products & Services consists of aiWARE revenues of $3,839 and $16,696 for the three and nine months ended September 30, 2022, respectively, as well as PandoLogic revenues of $16,973 and $40,662 for the three and nine months ended September 30, 2022, respectively.
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Three Months Ended
September 30, 2021 |
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Nine Months Ended
September 30, 2021 |
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Government & |
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Government & |
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Commercial |
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Regulated |
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Commercial |
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Regulated |
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Enterprise |
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Industries |
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Total |
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Enterprise |
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Industries |
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Total |
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Total Software Products & Services(1) |
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$ |
8,069 |
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$ |
958 |
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$ |
9,027 |
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$ |
16,596 |
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$ |
2,696 |
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$ |
19,292 |
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Managed Services |
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Advertising |
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9,648 |
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— |
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9,648 |
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29,943 |
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— |
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29,943 |
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Licensing |
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3,980 |
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— |
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3,980 |
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10,921 |
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— |
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10,921 |
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Total Managed Services |
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13,628 |
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— |
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13,628 |
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40,864 |
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— |
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40,864 |
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Total Revenue |
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$ |
21,697 |
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$ |
958 |
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$ |
22,655 |
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$ |
57,460 |
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$ |
2,696 |
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$ |
60,156 |
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| Schedule of Other Expense, Net |
Other expense, net for the periods presented was comprised of the following:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
|
|
|
2022 |
|
|
2021 |
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|
2022 |
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|
2021 |
|
Interest (expense) income, net |
|
$ |
(1,305 |
) |
|
$ |
(3 |
) |
|
$ |
(3,670 |
) |
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$ |
4 |
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Other |
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|
56 |
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(12 |
) |
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4 |
|
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(41 |
) |
Other expense, net |
|
$ |
(1,249 |
) |
|
$ |
(15 |
) |
|
$ |
(3,666 |
) |
|
$ |
(37 |
) |
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