Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated statements of cash flows

v3.22.1
Consolidated statements of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net loss $ (68,979) $ (21,996) $ (17,707)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3,167 1,964 1,777
Finance (expense) income 45 (202) (51)
Unrealized (gain) loss from hedging future transactions (23) 313 (435)
Share-based compensation 11,171 4,800 2,004
Provision for accrued interest on Credit Facility (53) 2 51
Changes in operating assets and liabilities:      
Increase in accounts receivable, net (5,132) (6,620) (6,008)
Increase in deferred contract costs (6,127) (5,211) (873)
Decrease (increase) in other current assets (5,556) (249) 157
Decrease (increase) in other non-current assets (412) (272) 186
(Decrease) increase in accounts payable 6,631 1,295 (189)
Increase in deferred revenue 24,384 12,895 8,950
Decrease in deferred rent (410) (443) (443)
Increase in other non-current liabilities 475 327 426
Increase in other liabilities and accrued expenses 13,194 9,637 2,463
Net cash used in operating activities (27,625) (3,760) (9,692)
Cash flows from investing activities:      
Purchase of property and equipment, net (2,311) (748) (284)
Capitalized internal-use software costs (502) (387) (1,522)
Decrease (increase) in restricted deposits (10,020) (72) 706
Decrease (increase) in short-term investments 30,000 (29,553) 1,579
Payment for business combinations, net of cash acquired (9,507) 0 0
Purchase of intangible assets 300 0 0
Net cash provided by (used in) investing activities 7,360 (30,760) 479
Cash flows from financing activities:      
Proceeds from initial public offering, net of underwriting fees, commissions and other issuance costs 150,936 0 0
Proceeds from issuance of Preferred C Shares, net 0 39,785 0
Proceeds from PPP Loan 0 1,759 0
Repayment of PPP Loan 0 (1,759) 0
Proceeds from exercise of stock options 1,222 1,442 589
Repayment of Credit Facility (56,800) 0 0
Borrowings under Credit Facility 30,000 10,000 9,800
Repayment of borrowings assumed in business combinations (112) 0 0
Net cash provided by financing activities 125,246 51,227 10,389
Effect of exchange rates on cash and cash equivalents (45) 202 51
Net increase in cash and cash equivalents 104,936 16,909 1,227
Cash and cash equivalents, beginning of period 128,879 23,943 7,034
Cash and cash equivalents, end of period 23,943 7,034 5,807
Supplemental disclosure of cash flow information:      
Interest paid 531 1,148 879
Taxes paid 468 190 326
Supplemental disclosure of non-cash financing activities:      
Initial public offering costs incurred during the period included in accounts payable and accrued expenses 270 $ 124 $ 0
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) [Abstract]      
Working deficit, net (excluding cash and cash equivalents) (8,865)    
Property, plant and equipment 13    
Goodwill and other intangible assets 20,374    
Deferred taxes, net (2,015)    
Total $ 9,507