|
Net income (loss)
|
|
($16.3m)
|
($33.6m)
|
($91.6m)
|
($28.2m)
|
($4.6m)
|
$150.8m
|
|
Depreciation and amortization
|
|
$657k
|
$876k
|
$9.2m
|
$9.1m
|
$9.8m
|
$13.3m
|
|
Amortization of costs capitalized to obtain contracts
|
|
$7.0m
|
$4.0m
|
$2.9m
|
$2.1m
|
$1.3m
|
$1.3m
|
|
Amortization of operating lease right-of-use asset
|
|
—
|
$0
|
$0
|
$842k
|
$331k
|
$348k
|
|
Deferred income taxes
|
|
—
|
—
|
—
|
$0
|
$0
|
($118.4m)
|
|
Non-cash interest expense, net
|
|
($23k)
|
$166k
|
$474k
|
$462k
|
$59k
|
$1.3m
|
|
Cash payments included in the measurement of operating lease liabilities
|
|
$7.2m
|
$12.2m
|
$57.1m
|
$861k
|
$379k
|
$390k
|
|
Operating lease liability recognized in connection with lease modification
|
|
—
|
$0
|
$0
|
$1.1m
|
$0
|
$0
|
|
Stock-based compensation expense, net of amounts capitalized
|
|
$8.1m
|
$11.8m
|
$34.7m
|
$38.5m
|
$42.3m
|
$55.5m
|
|
Compensation expense in connection with revesting notes
|
|
$0
|
$184k
|
($87k)
|
$73k
|
$0
|
$0
|
|
Convertible notes fair value adjustment
|
|
$0
|
$511k
|
($1.8m)
|
$684k
|
$608k
|
$0
|
|
Derivative liability fair value adjustment
|
|
$0
|
$733k
|
($1.3m)
|
$116k
|
$1.7m
|
$0
|
|
Loss on settlement of convertible notes
|
|
—
|
—
|
$0
|
$0
|
$440k
|
$0
|
|
Gain on settlement of derivative liability
|
|
—
|
—
|
$0
|
$0
|
($1.9m)
|
$0
|
|
Gain on change in fair value of investments
|
|
—
|
—
|
$0
|
$0
|
($5.4m)
|
($609k)
|
|
Provision for credit losses
|
|
—
|
—
|
$0
|
$0
|
$300k
|
$799k
|
|
Non-cash revenue from investments
|
|
$0
|
$0
|
($1.5m)
|
($1.6m)
|
($1.0m)
|
($1.2m)
|
|
Inventory write-off
|
|
—
|
$0
|
$0
|
$916k
|
$0
|
$0
|
|
Adjustment in connection with membership benefit
|
|
—
|
$0
|
$0
|
($2.2m)
|
$0
|
$0
|
|
Accounts receivable, net
|
|
($1.1m)
|
($2.7m)
|
$6.5m
|
($9.1m)
|
($16.1m)
|
($23.5m)
|
|
Prepaid expenses and other assets
|
|
($2.2m)
|
($943k)
|
$10.6m
|
($6.7m)
|
$135k
|
($6.7m)
|
|
Inventory
|
|
$0
|
($859k)
|
($497k)
|
$5.8m
|
($4.0m)
|
($1.8m)
|
|
Costs capitalized to obtain contracts, net
|
|
($5.2m)
|
($1.7m)
|
($3.3m)
|
($1.9m)
|
($1.6m)
|
($1.2m)
|
|
Accounts payable
|
|
$1.9m
|
$559k
|
($12.7m)
|
($7.9m)
|
($433k)
|
$3.1m
|
|
Accrued expenses and other current liabilities
|
|
$438k
|
$4.7m
|
($7.7m)
|
$2.2m
|
$4.5m
|
$9.3m
|
|
Deferred revenue
|
|
$770k
|
$1.7m
|
$4.7m
|
$4.6m
|
$6.6m
|
$6.7m
|
|
Other liabilities, noncurrent
|
|
($1.2m)
|
($1.2m)
|
($303k)
|
($498k)
|
($364k)
|
($359k)
|
|
Cash paid for acquisition
|
|
$0
|
($3.0m)
|
($110.9m)
|
$0
|
$0
|
($2.8m)
|
|
Internally developed software
|
|
$0
|
$0
|
($701k)
|
($1.7m)
|
($3.9m)
|
($5.7m)
|
|
Purchase of property and equipment
|
|
($653k)
|
($81k)
|
$0
|
($506k)
|
($1.2m)
|
($1.8m)
|
|
Related Party SAFE
|
|
—
|
—
|
$0
|
$0
|
($5.0m)
|
$0
|
|
Convertible note investment
|
|
—
|
—
|
—
|
$0
|
$0
|
($25.0m)
|
|
Indemnity escrow payment in connection with an acquisition
|
|
—
|
$0
|
$0
|
($13.1m)
|
$0
|
$0
|
|
Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants
|
|
—
|
—
|
—
|
$5.8m
|
$14.6m
|
$69.5m
|
|
Payments of U.S. initial public offering issuance costs
|
|
—
|
—
|
$0
|
$0
|
($6.3m)
|
$0
|
|
Proceeds from repayment of notes due from affiliates
|
|
$0
|
$0
|
$648k
|
$314k
|
$0
|
$0
|
|
Repayment of convertible notes
|
|
$0
|
$0
|
($3.5m)
|
($3.9m)
|
$0
|
$0
|
|
Proceeds from issuance of convertible senior notes
|
|
—
|
—
|
—
|
$0
|
$0
|
$320.0m
|
|
Purchase of capped calls
|
|
—
|
—
|
—
|
$0
|
$0
|
($33.7m)
|
|
Right of use asset recognized in connection with lease modification
|
|
—
|
$0
|
$0
|
$1.1m
|
$0
|
$0
|
|
Fair value of stock issued in connection with the acquisition of Fantix, Inc.
|
|
$0
|
$13.8m
|
$15.4m
|
$0
|
$0
|
$1.0m
|
|
Liability incurred in connection with the acquisition of Fantix, Inc.
|
|
—
|
—
|
—
|
$0
|
$0
|
$675k
|
|
Conversion of convertible notes and accrued interest to common stock
|
|
—
|
—
|
$0
|
$0
|
$5.8m
|
$0
|
|
Property and equipment included within accrued expenses and other current liabilities
|
|
—
|
—
|
$0
|
$0
|
$112k
|
$0
|
|
Stock-based compensation included in internally developed software
|
|
—
|
—
|
$0
|
$0
|
$714k
|
$1.3m
|
|
Related Party Warrant
|
|
—
|
—
|
$0
|
$0
|
$3.9m
|
$0
|
|
Conversion of Related Party SAFE to Related Party Investment
|
|
—
|
—
|
—
|
$0
|
$0
|
$5.0m
|
|
Net cash provided by operating activities
|
|
($7.2m)
|
($12.2m)
|
($57.1m)
|
$7.5m
|
$32.6m
|
$88.6m
|
|
Net cash used in investing activities
|
|
($653k)
|
($7.1m)
|
($111.6m)
|
($2.2m)
|
($10.1m)
|
($35.3m)
|
|
Payments of debt issuance costs
|
|
—
|
—
|
—
|
$0
|
$0
|
($10.9m)
|
|
Proceeds from issuance of common stock in U.S. initial public offering, net of underwriting discounts and commissions
|
|
—
|
—
|
$0
|
$0
|
$93.0m
|
$0
|
|
Net cash provided by (used in) financing activities
|
|
$445k
|
$194.0m
|
$27.7m
|
($25.0m)
|
$67.3m
|
$282.1m
|
|
Net Increase in Cash, Cash Equivalents, and Restricted Cash
|
|
($7.5m)
|
$174.7m
|
($141.0m)
|
($19.7m)
|
$89.7m
|
$335.4m
|
|
Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period
|
|
$56.6m
|
$231.3m
|
$90.4m
|
$70.7m
|
$160.5m
|
$495.8m
|
|
Cash and cash equivalents
|
|
$56.4m
|
$231.0m
|
$75.4m
|
$69.0m
|
$159.2m
|
$494.3m
|
|
Restricted cash, noncurrent
|
|
—
|
$355k
|
$1.6m
|
$1.7m
|
$1.2m
|
$1.6m
|
|
Cash paid during the period for interest
|
|
$0
|
($24k)
|
($514k)
|
$640k
|
$46k
|
$0
|
|
Taxes paid related to net settlement of equity awards
|
|
($1.1m)
|
($4.7m)
|
($4.1m)
|
($14.0m)
|
($34.0m)
|
($62.8m)
|
|
Cash paid (refunds received) during the period for income taxes, net
|
|
$0
|
$33k
|
$0
|
$697k
|
$2.4m
|
($893k)
|