Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited)

v3.23.2
Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Redeemable Convertible Preferred Stock (Series A)
Common Stock
 [1]
Common Stock
Class A
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
Balances at Dec. 31, 2021 $ (221,684)     $ 1 [1] $ 701,256 $ (469,873) $ (9,700)
Balances (in Shares) at Dec. 31, 2021 [1]       7,682,748      
Stock-based compensation 8,516       8,516    
Exercise of stock options and warrants 777       777    
Exercise of stock options and warrants (in Shares) [1]       80,745      
Accrued dividends on redeemable convertible preferred stock (3,204)       (3,204)    
Distributions to redeemable noncontrolling interests (8,963)       (8,963)    
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC 16,718     $ 0 16,718   0
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments   $ 193,647          
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments (in Shares)   28,693,931          
Redemption of common stock (in Shares) [1]       301,534      
Redemption of common stock   $ 193,647          
Redemption of stock options (127)       (1,087)    
Other           960  
Net income (loss) (33,043)         (33,043)  
Balances at Jun. 30, 2022 220,284 $ 193,647   $ 1 [1] 731,939 (501,956) (9,700)
Balances (in Shares) at Jun. 30, 2022   28,693,931   8,065,027 [1]      
Balances at Mar. 31, 2022 233,481 $ 193,647   $ 1 722,071 (478,891) (9,700)
Balances (in Shares) at Mar. 31, 2022   28,693,931   7,851,667 [1]      
Stock-based compensation 5,248       5,248    
Exercise of stock options and warrants (in Shares) [1]       50,749      
Accrued dividends on redeemable convertible preferred stock (2,176)       (2,176)    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings 356       356    
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC 6,440 $ 0   $ 0 6,440 0 0
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC (in Shares)   0          
Redemption of common stock (in Shares) [1]       162,611      
Net income (loss) (23,065)         (23,065)  
Balances at Jun. 30, 2022 220,284 $ 193,647   $ 1 [1] 731,939 (501,956) (9,700)
Balances (in Shares) at Jun. 30, 2022   28,693,931   8,065,027 [1]      
Balances at Dec. 31, 2022 99,161 $ 173,208   $ 1 [1] 766,839 [1] (657,979) (9,700)
Balances (in Shares) at Dec. 31, 2022   25,655,579   8,587,345 [1]      
Stock-based compensation 10,955       10,955 [1]    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (782)       (782) [1]    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares) [1]       172,925      
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC 1,914       1,914 [1]    
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC (in Shares) [1]       110,925      
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments 304 $ 1,560   $ 0 304 [1]   0
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments (in Shares)   4,400,172   23,453 [1]      
Redemption of common stock 304 $ 1,560   $ 0 304 [1]   0
Automatic conversion of redeemable convertible preferred stock (Series A), (in shares)   (30,049,053)   1,012,093 [1]      
Automatic conversion of redeemable convertible preferred stock (Series A) 174,849       174,849 [1]    
Voluntary conversion of preferred stock to common stock (45) $ (45)     45 [1]    
Voluntary conversion of preferred stock to common stock, Shares   6,698 230        
Reversal of previously accrued / (accrued) dividends on preferred stock 690       690 [1]    
Settlement of accrued dividends on preferred stock, (in shares) [1]       229,605      
Settlement of accrued dividends on preferred stock 2,976       2,976 [1]    
Other 493       (12) [1] 505  
Other, (in shares) [1]       (901)      
Net income (loss) (36,940)         (36,940)  
Balances at Jun. 30, 2023 253,665     $ 1 [1] 957,778 [1] (694,414) (9,700)
Balances (in Shares) at Jun. 30, 2023 [1]       10,135,675      
Balances at Mar. 31, 2023 95,491 $ 173,328   $ 1 771,881 (666,691) (9,700)
Balances (in Shares) at Mar. 31, 2023   25,701,595   8,799,069      
Stock-based compensation 5,250       5,250    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (183)       (183)    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)       72,128      
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments 304 $ 1,440   $ 0 304   0
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments (in Shares)   4,354,092   23,453      
Redemption of common stock 304 $ 1,440   $ 0 304   0
Automatic conversion of redeemable convertible preferred stock (Series A), (in shares)   (30,049,053)   1,012,093      
Automatic conversion of redeemable convertible preferred stock (Series A) 174,849 $ (174,723)     174,849    
Voluntary conversion of preferred stock to common stock 45 $ (45)     45    
Voluntary conversion of preferred stock to common stock, Shares   (6,634)   228      
Reversal of previously accrued / (accrued) dividends on preferred stock 2,667       2,667    
Settlement of accrued dividends on preferred stock, (in shares)       229,605      
Settlement of accrued dividends on preferred stock 2,976       2,976    
Other (11)       (11)    
Other, (in shares)       (901)      
Net income (loss) (27,723)         (27,723)  
Balances at Jun. 30, 2023 $ 253,665     $ 1 [1] $ 957,778 [1] $ (694,414) $ (9,700)
Balances (in Shares) at Jun. 30, 2023 [1]       10,135,675      
[1] Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.