| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | ||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net loss | ||||||
-121,544 | -74,837 | -66,565 | -43,150 | -26,495 | ||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
8,069 | 6,813 | 5,123 | 4,082 | 3,106 | ||
Provision for bad debts | ||||||
1,246 | 492 | 478 | 653 | 582 | ||
Stock-based compensation expense | ||||||
67,770 | 44,233 | 22,360 | 9,851 | 4,507 | ||
Change in fair value of convertible preferred stock warrant liability | ||||||
0 | 0 | 491 | 253 | 387 | ||
Deferred income taxes | ||||||
- | - | - | 31 | -1,057 | ||
Amortization of deferred financing costs | ||||||
- | - | - | 104 | 0 | ||
Amortization of (discount) premium on marketable securities | ||||||
- | - | - | 0 | 0 | ||
Amortization of operating lease right-of-use assets | ||||||
11,124 | 0 | 0 | - | - | ||
Other, net | ||||||
120 | -83 | 166 | - | - | ||
Gain on sale of marketable securities | ||||||
- | - | - | 0 | 0 | ||
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
- | - | - | - | 1,002 | ||
Accounts receivable | ||||||
26,981 | 11,601 | 17,036 | 4,117 | 12,144 | ||
Prepaid expenses and other current assets | ||||||
-268 | 6,745 | 4,043 | 1,642 | 231 | ||
Costs to obtain revenue contracts | ||||||
18,344 | 16,817 | 4,420 | 5,573 | 1,531 | ||
Other long term assets | ||||||
2,629 | -2 | 358 | 430 | 150 | ||
Accounts payable, accrued expenses and other current liabilities | ||||||
8,267 | 17,626 | 695 | 6,037 | 8,269 | ||
Unearned revenue | ||||||
42,345 | 47,004 | 31,753 | 20,942 | 12,856 | ||
Operating lease liabilities | ||||||
-1,044 | 0 | 0 | - | - | ||
Deferred rent | ||||||
- | - | - | 590 | -2,145 | ||
Other long term liabilities | ||||||
565 | -847 | -1,053 | 17 | 233 | ||
Net cash (used in) provided by operating activities | ||||||
-30,768 | 5,240 | -32,409 | -13,532 | -10,525 | ||
Investing activities: | ||||||
Purchases of marketable securities | ||||||
0 | 52,916 | 110,644 | 0 | 0 | ||
Maturities of marketable securities | ||||||
51,197 | 86,320 | 20,154 | 0 | 0 | ||
Sales of marketable securities | ||||||
0 | 0 | 6,041 | 0 | 0 | ||
Capital expenditures | ||||||
11,889 | 5,270 | 3,674 | 3,505 | 9,759 | ||
Acquisitions, net of cash acquired | ||||||
- | - | - | - | 150 | ||
Purchases of intangible assets | ||||||
- | - | - | 298 | 96 | ||
Net cash provided by (used in) investing activities | ||||||
39,308 | 28,134 | -88,123 | -3,803 | -10,005 | ||
Financing activities: | ||||||
Proceeds from initial public offering, net of underwriting discounts and commissions | ||||||
0 | 0 | 123,527 | 0 | 0 | ||
Proceeds from common stock offering, net of underwriting discounts and commissions | ||||||
147,000 | 0 | 0 | - | 29,481 | ||
Payments of deferred offering costs | ||||||
530 | 0 | 4,263 | 170 | 0 | ||
Proceeds from exercise of stock options | ||||||
14,893 | 18,880 | 11,610 | 1,321 | 449 | ||
Proceeds from exercise of warrants | ||||||
0 | 0 | 79 | 0 | 0 | ||
Share repurchase and stock option settlement | ||||||
- | - | - | - | 28,283 | ||
Proceeds from borrowings on Revolving Line | ||||||
- | - | - | 5,000 | 0 | ||
Repayments on Revolving Line | ||||||
0 | 0 | 5,000 | 0 | 0 | ||
Payments of deferred financing costs | ||||||
260 | 159 | 99 | 183 | 0 | ||
Proceeds, net from employee stock purchase plan withholdings | ||||||
7,270 | 5,663 | 3,750 | 0 | 0 | ||
Net cash provided by financing activities | ||||||
168,373 | 24,384 | 129,604 | 5,968 | 1,647 | ||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-492 | -370 | 375 | -30 | -41 | ||
Net increase in cash, cash equivalents and restricted cash | ||||||
176,421 | 57,388 | 9,447 | -11,397 | -18,924 | ||
Supplemental disclosures of non-cash investing and financing activities: | ||||||
Cash paid on interest | ||||||
41 | 7 | 74 | 3 | 0 | ||
Cash paid on income taxes | ||||||
531 | 19 | 994 | 19 | 0 | ||
Non-cash capital expenditures in accounts payable, accrued expenses and other current liabilities | ||||||
9,194 | 143 | 209 | 112 | 664 | ||
Stock-based compensation for capitalized software in property and equipment, net | ||||||
1,416 | 675 | 408 | 2,349 | 0 | ||
Common stock issued for the acquisition of Inner Balloons | ||||||
- | - | - | - | 81 | ||
Conversion of convertible preferred stock to common stock | ||||||
0 | 0 | 120,615 | 0 | 0 | ||
Conversion of convertible preferred stock warrants to common stock warrants | ||||||
0 | 0 | 1,435 | 0 | 0 | ||