Consolidated Financial Statements Details (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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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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June 30,
2023 |
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December 31,
2022 |
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Accounts receivable — Managed Services(1) |
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$ |
22,539 |
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$ |
27,670 |
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Accounts receivable — Software Products & Services(2) |
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19,967 |
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26,969 |
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Accounts receivable — Other |
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|
5,910 |
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|
2,181 |
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|
|
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48,416 |
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|
56,820 |
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Less: allowance for expected credit losses |
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(798 |
) |
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(819 |
) |
Accounts receivable, net |
|
$ |
47,618 |
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|
$ |
56,001 |
|
(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 hiring solutions 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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June 30,
2023 |
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December 31,
2022 |
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Property and equipment |
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$ |
15,680 |
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$ |
8,532 |
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Leasehold improvements |
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|
266 |
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|
250 |
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15,946 |
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8,782 |
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Less: accumulated depreciation |
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(4,549 |
) |
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(3,491 |
) |
Property, equipment and improvements, net |
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$ |
11,397 |
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$ |
5,291 |
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| Summary of Accounts Payable |
Accounts payable consisted of the following:
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As of |
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June 30,
2023 |
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December 31,
2022 |
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Accounts payable — Managed Services(1) |
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$ |
15,576 |
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$ |
17,972 |
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Accounts payable — Other |
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15,245 |
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|
18,766 |
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Total |
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$ |
30,821 |
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|
$ |
36,738 |
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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
June 30, |
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Six Months Ended
June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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Commercial Enterprise |
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$ |
26,366 |
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$ |
33,364 |
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$ |
55,234 |
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$ |
66,990 |
|
Government & Regulated Industries |
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|
1,601 |
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|
871 |
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2,996 |
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1,652 |
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Total revenue |
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$ |
27,967 |
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$ |
34,235 |
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$ |
58,230 |
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$ |
68,642 |
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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
June 30, 2023 |
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Six Months Ended
June 30, 2023 |
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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 |
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$ |
12,492 |
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$ |
1,601 |
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$ |
14,093 |
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$ |
25,224 |
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$ |
2,996 |
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$ |
28,220 |
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Managed Services |
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Advertising |
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8,417 |
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— |
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8,417 |
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18,952 |
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— |
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18,952 |
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Licensing |
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5,457 |
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— |
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5,457 |
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11,058 |
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— |
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11,058 |
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Total Managed Services |
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13,874 |
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— |
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13,874 |
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30,010 |
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— |
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30,010 |
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Total Revenue |
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$ |
26,366 |
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|
$ |
1,601 |
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$ |
27,967 |
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$ |
55,234 |
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$ |
2,996 |
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$ |
58,230 |
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Three Months Ended
June 30, 2022 |
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Six Months Ended
June 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 |
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$ |
17,508 |
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|
$ |
871 |
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$ |
18,379 |
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$ |
34,894 |
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$ |
1,652 |
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$ |
36,546 |
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Managed Services |
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Advertising |
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10,635 |
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— |
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10,635 |
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21,603 |
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— |
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21,603 |
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Licensing |
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5,221 |
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— |
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5,221 |
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10,493 |
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— |
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10,493 |
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Total Managed Services |
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|
15,856 |
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— |
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15,856 |
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|
32,096 |
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— |
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|
32,096 |
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Total Revenue |
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$ |
33,364 |
|
|
$ |
871 |
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$ |
34,235 |
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|
$ |
66,990 |
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|
$ |
1,652 |
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$ |
68,642 |
|
|
| Schedule of Other Income (Expense), Net |
Other income (expense), net for the periods presented was comprised of the following:
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Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Interest expense, net |
|
$ |
(720 |
) |
|
$ |
(1,183 |
) |
|
$ |
(1,525 |
) |
|
$ |
(2,365 |
) |
Gain on sale of energy group |
|
|
2,572 |
|
|
|
— |
|
|
|
2,572 |
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— |
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Other |
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|
1,658 |
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(48 |
) |
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2,818 |
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(52 |
) |
Other income (expense), net |
|
$ |
3,510 |
|
|
$ |
(1,231 |
) |
|
$ |
3,865 |
|
|
$ |
(2,417 |
) |
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