(In thousands, except share and per share data)
| March 31, | December 31, | |||||||
| 2022 | 2021 | |||||||
| (unaudited) | (audited) | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 58,969 | $ | 86,262 | ||||
| Marketable securities | 309,694 | 30,465 | ||||||
| Accounts receivable, less allowance for doubtful accounts of $1.0 million as of March 31, 2022 and $0.8 million as of December 31, 2021 | 38,471 | 32,427 | ||||||
| Inventory | 2,200 | 2,033 | ||||||
| Prepaid expenses | 6,086 | 6,664 | ||||||
| Deferred sales commissions | 6,708 | 5,283 | ||||||
| Other current assets | 917 | 297 | ||||||
| Total current assets | 423,045 | 163,431 | ||||||
| Property and equipment, net | 11,634 | 10,287 | ||||||
| Operating lease right-of-use assets | 25,804 | 27,489 | ||||||
| Investment in unconsolidated joint venture | 4,231 | 4,198 | ||||||
| Intangible assets, net | 40,871 | 41,736 | ||||||
| Goodwill | 255,231 | 254,672 | ||||||
| Other assets | 511 | 773 | ||||||
| Total assets | $ | 761,327 | $ | 502,586 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 9,930 | $ | 12,718 | ||||
| Accrued expenses | 28,195 | 30,905 | ||||||
| Contract liabilities | 10,008 | 7,863 | ||||||
| Operating lease liabilities, current portion | 5,662 | 5,549 | ||||||
| Finance lease liabilities, current portion | — | 2 | ||||||
| Total current liabilities | 53,795 | 57,037 | ||||||
| Operating lease liabilities, net of current portion | 15,518 | 16,920 | ||||||
| Convertible notes | 278,511 | — | ||||||
| Income taxes payable | 1,532 | 1,468 | ||||||
| Other liabilities | 1,792 | 1,678 | ||||||
| Total liabilities | 351,148 | 77,103 | ||||||
| Commitments and contingencies (Note 13) | ||||||||
| Stockholders’ equity | ||||||||
| Additional paid-in capital | 602,360 | 597,641 | ||||||
| Accumulated other comprehensive income | 104 | 149 | ||||||
| Accumulated deficit | (193,353 | ) | (173,341 | ) | ||||
| Total stockholders’ equity | 409,111 | 424,449 | ||||||
| Noncontrolling interest | 1,068 | 1,034 | ||||||
| Total equity | 410,179 | 425,483 | ||||||
| Total liabilities and stockholders’ equity | $ | 761,327 | $ | 502,586 | ||||
