v3.24.1.1.u2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32,569 $ 30,278
Accounts receivable, net 18,988 32,411
Contract assets 39,554 36,961
Inventory 1,612 1,516
Income tax receivable 636 636
Prepaid insurance 687 1,083
Prepaid expenses and other current assets 5,869 6,428
Total current assets 99,915 109,313
Property, plant and equipment, net of accumulated depreciation of $7,463 and $6,538, respectively 15,899 15,909
Right-of-use assets 12,350 13,181
Intangible assets, net of accumulated amortization of $20,247 and $18,509, respectively 62,004 62,985
Goodwill 65,310 65,757
Equity method investments 3,589 3,613
Other non-current assets 475 511
Total assets 259,542 271,269
Current liabilities:    
Accounts payable 28,059 18,573
Short-term debt, including current portion of long-term debt 780 1,378
Short-term operating lease liabilities 3,624 3,737
Short-term finance lease liabilities 451 439
Accrued expenses 30,734 32,902
Deferred revenue 37,172 52,645
Other current liabilities 2,593 2,362
Total current liabilities 103,413 112,036
Long-term debt, net 89,742 86,842
Long-term operating lease liabilities 11,455 12,302
Long-term finance lease liabilities 1,140 1,137
Warrant liabilities 4,400 3,325
Deferred tax liabilities 2,440 2,402
Other non-current liabilities 416 400
Total liabilities 213,006 218,444
Commitments and contingencies (Note I – Commitments and Contingencies)
Convertible preferred stock [1] 96,106 96,106
Shareholders’ Equity (Deficit):    
Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0000001 par value, 500,000 shares authorized; 65,579 and 65,546,174 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 7 7
Treasury stock, 373,420 and 353,470 shares, at cost, as of March 31, 2024 and December 31, 2023, respectively (1,007) (951)
Additional paid-in capital 190,858 188,323
Accumulated deficit (241,886) (233,791)
Accumulated other comprehensive income (loss) 2,236 2,903
Total shareholders’ equity (deficit) (49,792) (43,509)
Noncontrolling interests 222 228
Total equity (deficit) (49,570) (43,281)
Total liabilities, convertible preferred stock and equity (deficit) $ 259,542 $ 271,269
[1] Please refer to Note J – Convertible Preferred Stock for additional information.

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