Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 139,707 $ 184,423
Accounts receivable, net 54,071 56,001
Expenditures billable to clients 13,035 22,339
Prepaid expenses and other current assets 13,585 15,242
Total current assets 220,398 278,005
Property, equipment and improvements, net 6,394 5,291
Intangible assets, net 74,555 79,664
Goodwill 46,460 46,498
Long-term restricted cash 862 859
Other assets 13,901 14,435
Total assets 362,570 424,752
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 38,015 36,738
Accrued media payments 82,407 102,064
Client advances 3,412 19,042
Contingent consideration, current 190 8,067
Other accrued liabilities 28,123 27,412
Total current liabilities 152,147 193,323
Convertible senior notes, non-current 137,982 137,767
Other non-current liabilities 11,721 13,811
Total liabilities 301,850 344,901
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 36,321,222 and 36,792,812 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 37 36
Additional paid-in capital 455,759 451,162
Accumulated deficit (394,234) (371,271)
Accumulated other comprehensive loss (842) (76)
Total stockholders' equity 60,720 79,851
Total liabilities and stockholders' equity $ 362,570 $ 424,752