7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 
      
    		                                            
      cash flows from operating activities:
    		                                            
      net income
    		-1,387,000 -1,798,000 629,000 2,818,000 -33,319,000 -4,050,000 -8,112,000 -6,218,000 -8,039,000 -6,266,000 -6,069,000 -7,829,000 -10,686,000 -5,153,000 -3,657,000 -2,380,000 -4,629,000 -2,998,000 -5,655,000 -3,004,000 -5,908,000 -4,726,000 -3,619,000 -15,435,000 -3,896,000 -5,257,000 -9,022,000 -10,435,000 -12,490,000 -7,600,000 -7,756,000 -8,646,000 -8,910,000 -7,799,000 -4,955,000 -5,786,000 -4,599,000 -4,299,000 -5,926,000 -6,800,000 -5,032,000 -3,123,000 748,000 1,535,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                            
      depreciation and amortization
    		1,856,000 1,960,000 1,971,000 1,992,000 1,989,000 2,273,000 2,266,000 2,246,000 2,239,000 2,240,000 2,232,000 2,217,000 2,203,000 1,320,000 1,335,000 1,350,000 1,361,000 1,452,000 1,599,000 1,658,000 1,691,000 1,842,000 1,889,000 1,983,000 2,162,000 2,265,000 2,319,000 2,373,000 2,399,000 1,094,000 1,527,000 1,546,000 1,537,000 1,319,000 1,289,000 1,052,000 885,000 850,000 842,000 829,000 839,000 875,000 463,000 477,000 
      stock-based compensation
    		11,622,000 10,565,000 9,403,000 8,595,000 10,363,000 10,404,000 10,868,000 9,878,000 8,322,000 6,986,000 8,113,000 8,940,000 7,782,000 5,128,000 5,268,000 5,400,000 6,009,000 5,823,000 8,518,000 3,723,000 4,896,000 4,203,000 4,012,000 12,030,000 3,246,000 4,036,000 3,625,000 2,487,000 2,553,000 1,895,000 4,281,000 3,629,000 2,608,000 2,550,000 2,943,000 2,736,000 2,282,000 2,394,000 2,499,000 2,662,000 2,816,000 1,972,000 1,550,000 1,807,000 
      amortization of debt issuance costs
    		424,000 421,000                                           
      loss on extinguishment of debt
    		  0 0                                         
      deferred income taxes
    		177,000 72,000 493,000 176,000 -313,000 157,000 -25,000 134,000 122,000 158,000 11,000 -89,000 113,000 60,000 356,000 -2,000 225,000 -190,000 346,000 -176,000   189,000 -9,000   67,000 54,000            9,000 10,000 10,000 -48,000 31,000 
      amortization of capitalized contract acquisition costs
    		1,364,000 1,278,000 1,244,000 1,247,000 1,220,000 1,196,000 1,197,000 1,125,000 1,045,000 982,000 891,000 841,000 731,000 651,000 601,000 616,000 618,000 624,000 543,000 458,000 407,000 373,000                       
      other non-cash charges
    		-147,000 143,000 -142,000 174,000 1,021,000 56,000 -282,000 -547,000 -8,000 40,000     4,000 12,000   -13,000 0 -86,000 -22,000 167,000 -8,000 469,000 -491,000 -23,000 4,000 186,000 49,000 13,000 57,000 -38,000 46,000           
      changes in assets and liabilities, net of acquisition
    		                                            
      accounts receivable
    		3,811,000 -21,330,000 -9,821,000 24,003,000 -10,883,000 -17,080,000 -10,593,000 9,590,000 1,817,000 -6,499,000 -1,160,000 -1,276,000 -873,000 -233,000 -6,544,000 -2,821,000 4,670,000 -4,141,000 -1,435,000 -6,058,000 8,191,000 162,000 3,278,000 -211,000 7,224,000 -13,846,000 8,981,000 -6,685,000 -1,531,000 655,000 -263,000 2,660,000 -263,000 -4,984,000 4,742,000 -2,920,000 -1,231,000 -1,516,000 2,789,000 2,448,000 -3,702,000 -552,000 4,048,000 -5,035,000 
      prepaid expenses and other assets
    		1,189,000 5,136,000 -8,197,000 -971,000 8,428,000 43,000 -5,497,000 -4,225,000 1,412,000 1,202,000 -1,754,000 -582,000 -1,286,000 -602,000 530,000 -2,343,000 -880,000 -398,000 -3,790,000 -1,963,000 212,000 383,000 -858,000 506,000 -971,000 363,000 -475,000 885,000 864,000 843,000 -462,000 -1,193,000 113,000 84,000 -465,000 -678,000 317,000 -392,000 279,000      
      accounts payable
    		1,019,000 -437,000 -719,000 89,000 -525,000 -775,000 2,565,000 -787,000 1,500,000 -2,229,000 -154,000 1,167,000 1,104,000 -422,000 -237,000 -95,000 740,000 136,000 -396,000 226,000 -974,000 1,836,000 318,000 -1,067,000 -1,901,000 1,216,000 -704,000 -92,000 -1,353,000 591,000 977,000 828,000 -89,000 -222,000 -1,717,000 885,000 795,000 494,000 897,000 -38,000 175,000 -349,000 -1,635,000 1,592,000 
      accrued employee compensation
    		2,218,000 -2,608,000 1,479,000 1,429,000 740,000 -10,630,000 3,740,000 4,723,000 2,850,000 -8,367,000 1,188,000 4,708,000 1,600,000 -5,563,000 2,092,000 3,730,000 1,489,000 -6,384,000 2,668,000 3,785,000 1,141,000 -5,579,000 1,854,000 2,956,000 399,000 -5,896,000 1,144,000 2,300,000 80,000 -898,000 -39,000 805,000 -18,000 -1,425,000 57,000 1,218,000 -494,000 -797,000 -2,282,000 435,000 -2,112,000 -665,000 3,576,000 2,275,000 
      other current and long-term liabilities
    		-1,447,000 -3,604,000  958,000 -189,000 -4,961,000  -1,313,000 -165,000 -1,542,000  -2,279,000 62,000 -878,000  -719,000 -1,030,000 -573,000                           
      deferred revenue
    		8,186,000 12,307,000 2,300,000 -11,314,000 3,790,000 4,773,000 8,101,000 -3,021,000 -1,218,000 955,000 2,923,000 -1,759,000 173,000 3,114,000 5,260,000 -258,000 -158,000 1,549,000 3,289,000 5,841,000 -6,208,000 -2,373,000 -3,194,000 -747,000 -1,012,000 8,145,000 -3,105,000 5,144,000 7,992,000 -4,261,000 -1,141,000 -317,000 4,674,000 2,730,000 -4,270,000 4,336,000 -2,402,000 -211,000 -2,216,000 3,022,000 3,957,000 -873,000 -7,599,000 -331,000 
      net cash from operating activities
    		28,885,000 2,105,000 133,000 29,614,000 12,142,000 -18,292,000 7,954,000 14,405,000 12,613,000 -9,685,000 9,900,000 6,561,000 3,350,000 -221,000 7,184,000 3,787,000 8,426,000 -4,991,000 5,649,000 4,336,000 4,726,000 -4,261,000 3,165,000 4,384,000 4,715,000 -9,741,000 4,299,000 -2,653,000 -5,382,000 -8,229,000 -4,554,000 452,000 -932,000 -7,290,000 -2,929,000 1,417,000 -3,807,000 -3,453,000 -2,598,000 2,293,000 -3,945,000 -1,800,000 270,000 1,833,000 
      capex
    		-240,000 -99,000 -210,000 -131,000 -80,000 -26,000 -507,000 -137,000 -24,000 -325,000 -213,000 -97,000 -409,000 -336,000 -389,000 -92,000 -69,000 -29,000 -53,000 -60,000 -26,000 -141,000 -87,000 -74,000 -31,000 -60,000 -69,000 -68,000 -28,000 -194,000 -473,000 -526,000 -746,000 -357,000 -327,000 -726,000 -312,000 -710,000 -332,000 -985,000 -437,000 -81,000 0 -339,000 
      free cash flows
    		28,645,000 2,006,000 -77,000 29,483,000 12,062,000 -18,318,000 7,447,000 14,268,000 12,589,000 -10,010,000 9,687,000 6,464,000 2,941,000 -557,000 6,795,000 3,695,000 8,357,000 -5,020,000 5,596,000 4,276,000 4,700,000 -4,402,000 3,078,000 4,310,000 4,684,000 -9,801,000 4,230,000 -2,721,000 -5,410,000 -8,423,000 -5,027,000 -74,000 -1,678,000 -7,647,000 -3,256,000 691,000 -4,119,000 -4,163,000 -2,930,000 1,308,000 -4,382,000 -1,881,000 270,000 1,494,000 
      cash flows from investing activities:
    		                                            
      purchases of property and equipment
    		-240,000 -99,000 -210,000 -131,000 -80,000 -26,000 -507,000 -137,000 -24,000 -325,000 -213,000 -97,000 -409,000 -336,000 -389,000 -92,000 -69,000 -29,000 -53,000 -60,000 -26,000 -141,000 -87,000 -74,000 -31,000 -60,000 -69,000 -68,000 -28,000 -194,000 -473,000 -526,000 -746,000 -357,000 -327,000 -726,000 -312,000 -710,000 -332,000 -985,000 -437,000 -81,000  -339,000 
      net cash from investing activities
    		-240,000 -99,000 -210,000 -131,000 -80,000 -26,000 -507,000 -137,000 -24,000 -325,000 -213,000 -1,112,000 -799,000 -56,780,000 -389,000 -92,000 -69,000 -29,000 -53,000 -60,000 -26,000 -141,000 -87,000 -74,000 -31,000 -60,000 -103,000 -118,000 -42,811,000 -5,469,000 -665,000 -791,000 -829,000 -13,504,000 -975,000 -1,359,000 -999,000 -1,273,000 -713,000 -985,000 9,561,000 -10,079,000 -1,568,000 -1,315,000 
      cash flows from financing activities:
    		                                            
      proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan
    		   0 2,528,000 27,000                                       
      proceeds from issuance of 2028 notes
    		  0 0                                         
      payment of debt issuance cost for notes 2028
    		  0 -567,000                                         
      repayments of 2025 notes
    		   0                                         
      net changes in customer funds payable
    		2,000 -7,000 -26,000 -112,000 95,000 -469,000 430,000 91,000 -509,000 276,000 -6,592,000                                  
      net cash from financing activities
    		2,550,000 -7,000 1,914,000 -679,000 83,455,000 -442,000 2,178,000 197,000 1,820,000 348,000 -4,591,000 6,932,000 2,256,000 26,000 1,307,000 127,344,000 -2,776,000 18,000 -3,328,000 180,000 -2,768,000 -214,000 -3,954,000 -1,822,000 2,221,000 552,000 1,529,000 909,000 49,411,000 17,000 1,244,000 490,000 1,410,000 135,000 1,150,000 598,000 1,544,000 158,000 1,163,000 134,000 3,294,000 1,323,000 -404,000 -4,433,000 
      effect of exchange rate changes on cash and cash equivalents
    		-9,000 14,000 -89,000 22,000 27,000 -39,000 -158,000 -345,000 26,000 -16,000 13,000 -52,000 21,000 1,000 17,000 50,000 -87,000 11,000 -17,000 -17,000 -20,000 90,000 -65,000 -72,000 0 15,000 2,000 11,000 18,000 -22,000 -1,000 -21,000 -7,000 -7,000 -38,000 -4,000 7,000 -24,000 -16,000 4,000 25,000 -5,000 -26,000 -31,000 
      net increase in cash and cash equivalents
    		31,186,000 2,013,000 1,748,000    9,467,000 14,120,000 14,435,000 -9,678,000 5,109,000 12,329,000   8,119,000 131,089,000                       -2,164,000 1,446,000   -1,728,000 -3,946,000 
      cash and cash equivalents
    		                                            
      beginning of period
    		0 301,446,000 0 0 0 194,127,000 0 0 0 165,783,000 0 0 0 200,491,000 0 0 0 60,780,000 0 0 0 56,704,000 0 0 0 57,558,000 0 0 0 66,149,000 0 0 0 91,019,000 0 0 0 101,006,000       
      end of period
    		31,186,000 303,459,000 1,748,000 28,826,000 95,544,000 175,328,000 9,467,000 14,120,000 14,435,000 156,105,000 5,109,000 12,329,000 4,828,000 143,517,000 8,119,000 131,089,000 5,494,000 55,789,000 2,251,000 4,439,000 1,912,000 52,178,000 -941,000 2,416,000 6,905,000 48,324,000 5,727,000 -1,851,000 1,236,000 52,446,000 -3,976,000 130,000 -358,000 70,353,000 -2,792,000 652,000 -3,255,000 96,414,000       
      amortization of debt discount and issuance costs
    		  416,000 418,000 327,000 302,000 2,903,000 2,820,000 2,736,000 2,655,000 2,577,000 2,502,000 2,427,000 2,357,000 2,287,000                              
      changes in assets and liabilities, net of acquisition:
    		                                            
      other accrued and long-term liabilities
    		                  -203,000 -265,000 1,179,000 -471,000 -983,000 886,000 -822,000 -703,000 1,098,000 841,000 -628,000 -1,298,000 -1,609,000 1,538,000 -172,000 496,000 -302,000 639,000 669,000 -30,000 406,000 -374,000 -247,000 -285,000 -371,000 -308,000 
      acquisition of business
    		          0 -1,015,000 -390,000 -56,444,000                 0 0 0 -12,615,000           
      proceeds from exercise of stock options and issuance of employee stock purchase plan
    		              1,792,000 200,000     1,982,000 36,000 1,431,000 235,000                     
      repayment of 2025 notes
    		                                            
      supplemental disclosure of cash flow data:
    		                                            
      cash paid for income taxes
    		                                            
      cash paid for interest
    		                                            
      cash flows from operating activities
    		                                            
      adjustments to reconcile net income to net cash from operating activities
    		                                            
      cash flows from investing activities
    		                                            
      cash flows from financing activities
    		                                            
      net decrease in cash and cash equivalents
    		    95,544,000 -18,799,000        -56,974,000    -4,991,000 2,251,000 4,439,000 1,912,000 -4,526,000 -941,000 2,416,000 6,905,000 -9,234,000 5,727,000 -1,851,000 1,236,000 -13,703,000 -3,976,000 130,000 -358,000 -20,666,000 -2,792,000 652,000 -3,255,000 -4,592,000    -10,561,000   
      loss on early extinguishment of debt
    		                                            
      proceeds from issuance of convertible senior notes, net of issuance costs
    		                                            
      principal payments on loan
    		                     -250,000                     0 -3,958,000 
      proceeds from exercise of stock options and issuance of employee stock purchaseplan
    		        2,329,000 72,000  24,000                                 
      principal payments on debt
    		               -39,750,000                             
      proceeds from exercise of stock options
    		             26,000    18,000        552,000    17,000    135,000           
      loss on extinguishment
    		                                            
      deferred cost of implementation services
    		                      -2,000 150,000 147,000 191,000 213,000 213,000 375,000 701,000 -82,000 -455,000 -374,000 -85,000 -82,000 -178,000 -172,000 -86,000 -23,000 176,000 78,000 11,000 620,000 15,000 
      proceeds from debt, net of issuance costs
    		                                            
      early payment penalty
    		                      0                      
      changes in assets and liabilities
    		                                            
      amortization of debt discount and issuance cost
    		                31,000 109,000  111,000 179,000 111,000  208,000 242,000 236,000  258,000                 
      principal payments on term loan
    		                   0                         
      acquisition of business, net of cash acquired
    		                                            
      capitalization of software development costs
    		                          -34,000 -50,000 -10,000 -275,000 -192,000 -265,000 -83,000 -532,000 -648,000 -633,000 -687,000 -563,000     -1,043,000 -976,000 
      proceeds from term loan
    		                      0    0 0                 
      debt issuance costs
    		                      -135,000    0 0                 
      noncash investing and financing activities:
    		                                            
      promissory notes issued for acquisition
    		                          0 0                 
      loss on debt extinguishment
    		                                            
      proceeds from exercise of stock options and issuance of common stock relating to employee stock purchase plan
    		                                            
      principal payment on loan
    		                                            
      acquisition of businesses, net of cash acquired
    		                           0                 
      non-cash investing and financing activities:
    		                                            
      cash held in escrow for acquisition
    		                                            
      capitalized stock options in software development costs
    		                                  0 0       78,000  
      proceeds from exercise of stock options and employee stock purchase plan
    		                           909,000    490,000   1,150,000 598,000 1,544,000 158,000 1,189,000 211,000     
      cash held in escrow
    		                             -5,000,000               
      capitalized stock compensation expense in software development costs
    		                                            
      payments for deferred offering costs
    		                                      0   0 -352,000 -586,000 
      principal payments on capital lease obligations
    		                                      -26,000 -71,000 -94,000 -127,000 -144,000 -144,000 
      changes in assets and liabilities:
    		                                            
      changes in fair value of preferred stock warranty liability and other
    		                                            
      other non cash charges
    		                                  40,000 52,000 78,000 57,000       
      net purchase of short-term investments
    		                                            
      proceeds from initial public offering, net of offering costs of 7.6 million
    		                                            
      conversion of preferred stock warrant to common stock warrant
    		                                          0 0 
      net settlement for exercise of common stock warrant
    		                                          0  
      conversion of convertible preferred stock to common stock
    		                                          0 0 
      deferred offering costs not yet paid
    		                                        0 6,000 -379,000 -673,000 
      amortization of intangible assets
    		                                   61,000 65,000 83,000 83,000 83,000 82,000 83,000 83,000 82,000 
      capitalized stock based compensation in software development costs
    		                                     51,000       
      changes in fair value of preferred stock warrant liability and other
    		                                            
      acquisition of a business
    		                                            
      beginning of year
    		                                            
      end of year
    		                                            
      acquisition of property and equipment under capital leases
    		                                            
      loss on disposal of property and equipment
    		                                          17,000  
      amortization of debt discount
    		                                          0 61,000 
      changes in fair value of preferred stock warrant liability
    		                                          0 0 
      benefit from doubtful accounts
    		                                          0 0 
      net sale (purchase) of short-term investments
    		                                            
      beginning of the period
    		                                       0 0 103,350,000  0 
      end of the period
    		                                       1,446,000 8,935,000 92,789,000  -3,946,000 
      prepaid expenses and other current assets
    		                                        -809,000 1,096,000  -370,000 
      purchase of short-term investments
    		                                         -9,998,000  0 
      proceeds from issuance of common stock upon exercise of stock options
    		                                         1,450,000  255,000 
      purchase of property and equipment
    		                                            
      proceeds from issuance of common stock
    		                                            
      proceeds from loan
    		                                            
      beginning of the year
    		                                            
      end of the year
    		                                            
      issuance of convertible preferred stock warrant in connection with loan financing
    		                                            
      proceeds from initial public offering, net of underwriting discounts and commissions of 7.6 million
    		                                           0 
      noncash financing activities:
    		                                            
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