Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 184,423 $ 254,722
Accounts receivable, net 56,001 85,063
Expenditures billable to clients 22,339 27,180
Prepaid expenses and other current assets 15,242 12,117
Total current assets 278,005 379,082
Property, equipment and improvements, net 5,291 1,556
Intangible assets, net 79,664 93,872
Goodwill 46,498 42,028
Long-term restricted cash 859 855
Other assets 14,435 954
Total assets 424,752 518,347
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 36,738 46,711
Accrued media payments 102,064 86,923
Client advances 19,042 10,561
Contingent consideration, current 8,067 20,053
Other accrued liabilities 27,412 27,093
Total current liabilities 193,323 191,341
Convertible senior notes, non-current 137,767 195,082
Contingent consideration, non-current   31,533
Other non-current liabilities 13,811 13,891
Total liabilities 344,901 431,847
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 36,321,222 and 34,972,256 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 36 35
Additional paid-in capital 451,162 431,606
Accumulated deficit (371,271) (345,037)
Accumulated other comprehensive income (loss) (76) (104)
Total stockholders' equity 79,851 86,500
Total liabilities and stockholders' equity $ 424,752 $ 518,347