| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-62,078 | -61,104 | -59,601 | - | |||
Net loss | ||||||
- | - | - | -26,979 | |||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
5,947 | 3,701 | 253 | 151 | |||
Deferred income taxes, net | ||||||
-1,489 | 0 | - | - | |||
Intangible asset impairment charges | ||||||
- | - | - | 500 | |||
Amortization of debt discounts and issuance costs | ||||||
- | - | 3,740 | 3,604 | |||
Issuance of warrants | ||||||
- | - | 5,790 | - | |||
Costs of warrants issued | ||||||
- | 207 | - | - | |||
Write-off of debt discounts and debt issuance costs at IPO | ||||||
- | - | 10,132 | - | |||
Change in fair value of warrant liability | ||||||
-16 | -184 | -7,114 | -950 | |||
Provision for doubtful accounts | ||||||
51 | 27 | 107 | - | |||
Stock issued to dissenting shareholder | ||||||
- | - | - | 159 | |||
Stock-based compensation expense | ||||||
20,657 | 15,493 | 16,089 | 1,730 | |||
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
-7,739 | 15,531 | 2,964 | -1,257 | |||
Expenditures billable to clients | ||||||
7,591 | -1,468 | - | - | |||
Expenditures billable to clients | ||||||
- | - | 779 | 2,164 | |||
Prepaid expenses and other current assets | ||||||
1,307 | 137 | 1,620 | 305 | |||
Accounts payable | ||||||
-11,718 | 13,148 | 1,017 | -9,188 | |||
Accrued media payments | ||||||
9,135 | 1,417 | - | - | |||
Client advances | ||||||
9,554 | 6,162 | - | - | |||
Accrued media payments | ||||||
- | - | -778 | 6,721 | |||
Client advances | ||||||
- | - | 1,636 | -3,005 | |||
Other accrued liabilities | ||||||
1,006 | -7,823 | 2,181 | 1,714 | |||
Other liabilities | ||||||
-7 | 1,386 | - | - | |||
Net cash provided by (used in) operating activities | ||||||
-30,117 | -41,770 | -31,911 | - | |||
Cash flows from investing activities: | ||||||
Purchases of marketable securities | ||||||
- | - | 39,850 | - | |||
Net cash used in operating activities | ||||||
- | - | - | -26,755 | |||
Proceeds from sales of marketable securities | ||||||
13,614 | 26,000 | - | - | |||
Purchases of property, equipment and leasehold improvements | ||||||
- | - | 664 | - | |||
Capital expenditures | ||||||
293 | 3,718 | - | 37 | |||
Intangible assets acquired | ||||||
477 | 570 | 3,034 | - | |||
Acquisition of businesses, net of cash acquired | ||||||
883 | 5,783 | - | - | |||
Deposits for operating leases | ||||||
- | - | 779 | - | |||
Net cash (used in) provided by investing activities | ||||||
11,961 | 15,929 | -44,327 | - | |||
Cash flows from financing activities: | ||||||
Other | ||||||
- | - | - | 100 | |||
Net cash provided by (used in) investing activities | ||||||
- | - | - | -137 | |||
Proceeds from common stock offerings, net | ||||||
23,851 | 32,770 | 56,468 | - | |||
Proceeds from exercise of stock options | ||||||
- | - | - | 77 | |||
Proceeds from exercise of Primary Warrant | ||||||
- | - | 29,263 | - | |||
Proceeds received under the Bridge Loan Agreement | ||||||
- | - | 8,000 | - | |||
Proceeds from issuances of stock under employee stock plans, net | ||||||
764 | 1,522 | 131 | - | |||
Common stock offering costs | ||||||
- | - | - | 136 | |||
Debt issuance costs | ||||||
- | - | 68 | 168 | |||
Other | ||||||
- | - | -89 | - | |||
Net cash provided by financing activities | ||||||
24,615 | 34,292 | 93,705 | - | |||
Net increase in cash, cash equivalents and restricted cash | ||||||
6,459 | 8,451 | - | - | |||
Net cash provided by financing activities | ||||||
- | - | - | 19,773 | |||
Net increase in cash and cash equivalents | ||||||
- | - | 17,467 | -7,119 | |||
Supplemental Disclosure of Cash Flow Information | ||||||
Cash paid during periods for: | ||||||
Taxes paid | ||||||
14 | 6 | 6 | - | |||
Income taxes | ||||||
- | - | - | 13 | |||
Non-cash investing and financing activities: | ||||||
Shares issued for acquisition of businesses and holdback consideration | ||||||
4,622 | 10,128 | - | - | |||
Conversion of convertible notes payable, including accrued interest, to common stock | ||||||
- | - | 28,782 | - | |||
Conversion of redeemable convertible preferred stock to common stock | ||||||
- | - | 27,266 | - | |||
Unpaid deferred common stock offering costs | ||||||
- | - | 126 | 316 | |||