Quarterly report pursuant to Section 13 or 15(d)

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

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Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Redeemable Convertible Preferred Stock (Series A)
Common Stock
Class A
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
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   304 [1]    
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]      
Voluntary conversion of preferred stock to common stock 45 $ (45)   45 [1]    
Voluntary conversion of preferred stock to common stock, Shares   (6,698) 230 [1]      
Reversal of previously accrued dividends on preferred stock 690     690 [1]    
Settlement of accrued dividends on preferred stock 2,976     2,976 [1]    
Settlement of accrued dividends on preferred stock, (in shares) [1]     229,605      
Conversion of preferred stock to common stock 174,849 $ (174,723)   174,849 [1]    
Conversion of preferred stock to common stock -Shares   (30,049,053) 1,012,093 [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   304    
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      
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 dividends on preferred stock 2,667     2,667    
Settlement of accrued dividends on preferred stock 2,976     2,976    
Settlement of accrued dividends on preferred stock, (in shares)     229,605      
Conversion of preferred stock to common stock 174,849 $ (174,723)   174,849    
Conversion of preferred stock to common stock -Shares   (30,049,053) 1,012,093      
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      
Balances at Dec. 31, 2023 257,223   $ 1 969,641 (702,719) (9,700)
Balances (in Shares) at Dec. 31, 2023     10,412,294      
Stock-based compensation 14,028     14,028    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (3,007)     (3,007)    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)     533,364      
Net income (loss) 10,212       10,212  
Balances at Jun. 30, 2024 278,456   $ 1 980,662 (692,507) (9,700)
Balances (in Shares) at Jun. 30, 2024     10,945,658      
Balances at Mar. 31, 2024 270,458   $ 1 975,801 (695,644) (9,700)
Balances (in Shares) at Mar. 31, 2024     10,787,923      
Stock-based compensation 7,531     7,531    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (2,670)     (2,670)    
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)     157,735      
Net income (loss) 3,137       3,137  
Balances at Jun. 30, 2024 $ 278,456   $ 1 $ 980,662 $ (692,507) $ (9,700)
Balances (in Shares) at Jun. 30, 2024     10,945,658      
[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.