v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Comprehensive Income [Abstract]        
Revenue $ 25,208 $ 24,045 $ 71,294 $ 64,584
Cost of revenue 12,959 10,330 34,514 26,729
Gross profit 12,249 13,715 36,780 37,855
Operating expenses        
Sales and marketing 11,783 10,399 35,104 25,711
Research and development 10,421 9,761 31,375 21,487
General and administrative 12,873 15,935 38,094 32,770
Total operating expenses 35,077 36,095 104,573 79,968
Loss from operations (22,828) (22,380) (67,793) (42,113)
Change in fair value of derivative liabilities (448) 1,418 1,221 170
Change in fair value of contingent earnout liability (656) 42,710 50,982 42,710
Other expense, net (39) (48) (429) (168)
Interest expense (2) (6) (11) (15)
Interest income 1,006 6 1,380 9
( Loss) Profit before income taxes (22,967) 21,700 (14,650) 593
Income tax expense (benefit) 3 (3) 6 (1)
Net (loss) profit $ (22,970) $ 21,703 $ (14,656) $ 594
Weighted average shares outstanding - Basic 189,766,945 162,942,990 188,225,543 81,373,265
Weighted average shares outstanding - diluted 189,766,945 167,091,320 188,225,543 85,407,166
Net (loss) profit per share - basic $ (0.12) $ 0.13 $ (0.08) $ 0.01
Net (loss) profit per share - diluted $ (0.12) $ 0.13 $ (0.08) $ 0.01

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