ChannelAdvisor (ECOM) 10-Q 7 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-35940
Entity Registrant Name	CHANNELADVISOR CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	56-2257867
Entity Address, Address Line One	3025 Carrington Mill Boulevard
Entity Address, City or Town	Morrisville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27560
City Area Code	919
Local Phone Number	228-4700
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	ECOM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		28,916,493
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001169652
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 88,115	$ 100,567
Accounts receivable, net of allowance of $241 and $279 as of September 30, 2022 and December 31, 2021, respectively	25,675	28,886
Prepaid expenses and other current assets	14,823	15,497
Total current assets	128,613	144,950
Operating lease right of use assets	5,172	2,856
Property and equipment, net of accumulated depreciation of $24,096 and $23,096 as of September 30, 2022 and December 31, 2021, respectively	9,212	7,682
Goodwill	28,209	30,042
Intangible assets, net	2,292	3,079
Deferred contract costs, net of current portion	18,648	17,951
Long-term deferred tax assets, net	28,368	32,616
Other assets	618	796
Total assets	221,132	239,972
Current liabilities:
Accounts payable	1,057	1,457
Accrued expenses	14,631	12,644
Deferred revenue	28,727	29,942
Other current liabilities	1,633	4,831
Total current liabilities	46,048	48,874
Long-term operating leases, net of current portion	4,787	1,182
Other long-term liabilities	1,069	1,718
Total liabilities	51,904	51,774
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of September 30, 2022 and December 31, 2021	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 28,915,564 and 30,188,595 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	29	30
Additional paid-in capital	282,716	300,875
Accumulated other comprehensive loss	(6,609)	(2,237)
Accumulated deficit	(106,908)	(110,470)
Total stockholders' equity	169,228	188,198
Total liabilities and stockholders' equity	$ 221,132	$ 239,972

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Allowance for doubtful accounts receivable, current	$ 241	$ 279
Property and equipment, accumulated depreciation	$ 24,096	$ 23,096
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	28,915,564	30,188,595
Common stock, shares outstanding (in shares)	28,915,564	30,188,595

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue	$ 43,490	$ 41,575	$ 128,589	$ 122,284
Cost of revenue	10,273	10,100	31,062	28,041
Gross profit	33,217	31,475	97,527	94,243
Operating expenses:
Sales and marketing	16,143	15,482	48,245	45,273
Research and development	5,389	5,364	16,192	16,799
General and administrative	9,984	7,075	24,654	18,792
Total operating expenses	31,516	27,921	89,091	80,864
Income from operations	1,701	3,554	8,436	13,379
Other income (expense):
Interest income (expense)	234	(30)	251	(96)
Other income (expense)	5	(29)	5	(164)
Total other income (expense)	239	(59)	256	(260)
Income before income taxes	1,940	3,495	8,692	13,119
Income tax expense (benefit)	2,039	(34)	5,130	(427)
Net (loss) income	$ (99)	$ 3,529	$ 3,562	$ 13,546
Net (loss) income per share:
Basic (in dollars per share)	$ 0	$ 0.12	$ 0.12	$ 0.46
Diluted (in dollars per share)	$ 0	$ 0.11	$ 0.12	$ 0.43
Weighted average common shares outstanding:
Basic	28,815,362	29,931,173	29,674,219	29,665,439
Diluted	29,955,554	31,474,314	30,793,498	31,295,737

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (99)	$ 3,529	$ 3,562	$ 13,546
Other comprehensive (loss) income:
Foreign currency translation adjustments	(1,961)	(1,157)	(4,372)	(1,219)
Total comprehensive (loss) income	$ (2,060)	$ 2,372	$ (810)	$ 12,327

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net (loss) income	$ 3,562	$ 13,546
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:
Depreciation and amortization	4,461	5,064
Bad debt expense (recovery)	260	(99)
Stock-based compensation expense	9,985	9,739
Deferred income taxes	3,726	(875)
Other items, net	(1,229)	(1,982)
Changes in assets and liabilities:
Accounts receivable	1,510	(583)
Prepaid expenses and other assets	842	79
Deferred contract costs	(2,345)	(4,884)
Accounts payable and accrued expenses	1,152	86
Deferred revenue	47	6,388
Cash and cash equivalents provided by operating activities	21,971	26,479
Cash flows from investing activities
Purchases of property and equipment	(2,871)	(1,125)
Payment of software development costs	(2,890)	(2,577)
Cash and cash equivalents used in investing activities	(5,761)	(3,702)
Cash flows from financing activities
Repayment of finance leases	(8)	(12)
Proceeds from exercise of stock options	700	4,237
Repurchase and retirement of common stock	(25,000)	0
Payment of statutory tax withholding related to net-share settlement of restricted stock units	(3,392)	(1,363)
Cash and cash equivalents (used in) provided by financing activities	(27,700)	2,862
Effect of currency exchange rate changes on cash and cash equivalents	(962)	(165)
Net (decrease) increase in cash and cash equivalents	(12,452)	25,474
Cash and cash equivalents, beginning of period	100,567	71,545
Cash and cash equivalents, end of period	88,115	97,019
Supplemental disclosure of cash flow information
Cash paid for interest	96	69
Cash paid for income taxes, net	898	456
Supplemental disclosure of noncash investing and financing activities
Accrued statutory tax withholding related to net-share settlement of restricted stock units	453	4,204
Accrued capital expenditures	$ 30	$ 45

Description of the Business

Description of the Business	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	DESCRIPTION OF THE BUSINESS ChannelAdvisor Corporation ("ChannelAdvisor" or the "Company") was incorporated in the state of Delaware and capitalized in June 2001. The Company began operations in July 2001. ChannelAdvisor is a leading provider of cloud-based e-commerce solutions whose mission is to connect and optimize the world's commerce. For over two decades, ChannelAdvisor has helped brands and retailers worldwide to streamline their e-commerce operations, expand to new channels and grow sales. Thousands of customers depend on ChannelAdvisor to securely power their e-commerce operations on hundreds of channels, including Amazon, eBay, Facebook, Google, Shopify, Walmart and Zalando. The Company is headquartered in Morrisville, North Carolina and maintains sales, service, support and research and development offices in various domestic and international locations. Merger Agreement and Proposed Acquisition by CommerceHub On September 4, 2022, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with CommerceHub, Inc., a Delaware corporation ("CommerceHub"), and CH Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of CommerceHub (the "Merger Sub"), providing for the merger of Merger Sub with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of CommerceHub. Under the terms of the Merger Agreement, CommerceHub will acquire all outstanding shares of the Company's common stock in exchange for consideration of $23.10 per share in cash. The Merger Agreement contains representations and warranties customary for transactions of this type. The closing of the Merger is subject to approval of the Company's stockholders and the satisfaction or waiver of a number of customary closing conditions. The Merger Agreement provides CommerceHub and the Company with certain termination rights and, under certain circumstances, may require that CommerceHub or the Company pay a termination fee. During the three and nine months ended September 30, 2022, the Company incurred $3.2 million in costs associated with the negotiation and execution of the Merger Agreement, which are included in general and administrative expense in the accompanying condensed consolidated statements of operations.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Interim Condensed Consolidated Financial Information The accompanying condensed consolidated financial statements and footnotes have been prepared in accordance with generally accepted accounting principles in the United States of America, or GAAP, as contained in the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, for interim financial information. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of financial position, the results of operations, comprehensive (loss) income and cash flows. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results for the full year or the results for any future periods, especially in light of the ongoing impacts, and potential future effects of, the COVID-19 pandemic and other macroeconomic and geopolitical factors on the Company’s business, operations and financial performance. These unaudited interim financial statements should be read in conjunction with the audited financial statements and related footnotes for the year ended December 31, 2021, or fiscal 2021, which are included in the Company's Annual Report on Form 10-K for fiscal 2021. There have been no material changes to the Company's significant accounting policies from those described in the footnotes to the audited financial statements contained in the Company's Annual Report on Form 10-K for fiscal 2021. Recent Accounting Pronouncements The Company has reviewed new accounting pronouncements that were issued during the nine months ended September 30, 2022 and does not believe that these pronouncements are applicable to the Company, or that they will have a material impact on its financial position or results of operations. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, income taxes, assumptions used for purposes of determining stock-based compensation, leases, including estimating lease terms and extensions, and revenue recognition, including standalone selling prices for contracts with multiple performance obligations and the expected period of benefit for deferred contract costs, among others. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Attributable to Parent [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY The following tables summarize quarterly stockholders' equity activity for the three and nine months ended September 30, 2022 and 2021 (in thousands, except number of shares): Quarterly Activity For The Nine Months Ended September 30, 2022 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2021 30,188,595 $ 30 $ 300,875 $ (2,237) $ (110,470) $ 188,198 Exercise of stock options and vesting of restricted stock units 388,551 — 362 — — 362 Stock-based compensation expense — — 3,132 — — 3,132 Statutory tax withholding related to net-share settlement of restricted stock units (101,316) — (1,818) — — (1,818) Net income — — — — 1,824 1,824 Foreign currency translation adjustments — — — (416) — (416) Balance, March 31, 2022 30,475,830 30 302,551 (2,653) (108,646) 191,282 Exercise of stock options and vesting of restricted stock units 123,990 — 13 — — 13 Stock-based compensation expense — — 3,474 — — 3,474 Statutory tax withholding related to net-share settlement of restricted stock units (44,201) — (620) — — (620) Repurchase and retirement of common stock (1,828,604) (1) (24,999) — — (25,000) Net income — — — — 1,837 1,837 Foreign currency translation adjustments — — — (1,995) — (1,995) Balance, June 30, 2022 28,727,015 29 280,419 (4,648) (106,809) 168,991 Exercise of stock options and vesting of restricted stock units 272,620 — 325 — — 325 Stock-based compensation expense — — 3,379 — — 3,379 Statutory tax withholding related to net-share settlement of restricted stock units (84,071) — (1,407) — — (1,407) Net loss — — — — (99) (99) Foreign currency translation adjustments — — — (1,961) — (1,961) Balance, September 30, 2022 28,915,564 $ 29 $ 282,716 $ (6,609) $ (106,908) $ 169,228 Quarterly Activity For The Nine Months Ended September 30, 2021 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2020 29,020,424 $ 29 $ 288,842 $ (1,095) $ (157,685) $ 130,091 Exercise of stock options and vesting of restricted stock units 802,270 1 3,586 — — 3,587 Stock-based compensation expense — — 3,048 — — 3,048 Statutory tax withholding related to net-share settlement of restricted stock units (89,842) — (2,061) — — (2,061) Net income — — — — 5,457 5,457 Foreign currency translation adjustments — — — (150) — (150) Balance, March 31, 2021 29,732,852 30 293,415 (1,245) (152,228) 139,972 Exercise of stock options and vesting of restricted stock units 146,164 — 136 — — 136 Stock-based compensation expense — — 3,576 — — 3,576 Statutory tax withholding related to net-share settlement of restricted stock units (48,409) — (1,177) — — (1,177) Net income — — — — 4,560 4,560 Foreign currency translation adjustments — — — 88 — 88 Balance, June 30, 2021 29,830,607 30 295,950 (1,157) (147,668) 147,155 Exercise of stock options and vesting of restricted stock units 314,529 — 515 — — 515 Stock-based compensation expense — — 3,115 — — 3,115 Statutory tax withholding related to net-share settlement of restricted stock units (96,188) — (2,329) — — (2,329) Net income — — — — 3,529 3,529 Foreign currency translation adjustments — — — (1,157) — (1,157) Balance, September 30, 2021 30,048,948 $ 30 $ 297,251 $ (2,314) $ (144,139) $ 150,828 Share Repurchase Program In August 2021, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of up to $25.0 million of the Company's common stock through August 10, 2022. During the nine months ended September 30, 2022, 1,828,604 shares were repurchased and retired under the repurchase program at an average price of $13.67 per share for an aggregate total price of $25.0 million, which completed the share repurchase program authorized in August 2021.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETSThe Company has acquired intangible assets in connection with its business acquisitions. These assets were recorded at their estimated fair values at the acquisition date and are being amortized over their respective estimated useful lives using the straight-line method. The estimated useful lives and amortization methodology used in computing amortization are as follows: Estimated Useful Life Amortization Methodology Customer relationships 7 years Straight-line Acquired technology 7 years Straight-line Amortization expense associated with the Company's intangible assets was $0.1 million and $0.3 million for the three months ended September 30, 2022 and 2021, respectively, and $0.4 million and $0.8 million for the nine months ended September 30, 2022 and 2021, respectively. The following table summarizes the changes in the carrying amount of goodwill during the nine months ended September 30, 2022 (in thousands): Balance, December 31, 2021 $ 30,042 Effects of foreign currency translation (1,833) Balance, September 30, 2022 $ 28,209

Capitalized Software Developmen

Capitalized Software Development Costs	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
CAPITALIZED SOFTWARE DEVELOPMENT COSTS	CAPITALIZED SOFTWARE DEVELOPMENT COSTSCapitalized software development costs related to creating internally developed software and implementing software purchased for internal use are included in property and equipment in the accompanying condensed consolidated balance sheets. The Company capitalized software development costs of $0.9 million for both the three months ended September 30, 2022 and 2021, and $2.8 million and $2.6 million during the nine months ended September 30, 2022 and 2021, respectively. Amortization expense related to capitalized internally developed software was $0.8 million and $0.7 million for the three months ended September 30, 2022 and 2021, respectively, and $2.4 million and $2.0 million for the nine months ended September 30, 2022 and 2021, respectively, and is included in cost of revenue or general and administrative expense in the accompanying condensed consolidated statements of operations, depending upon the nature of the software development project. The net book value of capitalized internally developed software was $5.2 million and $4.8 million at September 30, 2022 and December 31, 2021, respectively.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition and Disaggregation of Revenue The Company derives the majority of its revenue from subscription fees paid for access to and usage of its software solutions for a specified contract term. A customer typically pays a recurring subscription fee based on a specified minimum amount of gross merchandise value, or GMV, or advertising spend that the customer expects to process through the Company's platform. Subscription fees may also include implementation fees such as launch assistance and training fees. The remaining portion of a customer's fee is variable and is based on a specified percentage of GMV or advertising spend processed through the Company's platform in excess of the customer's specified minimum GMV or advertising spend amount. In most cases, the specified percentage of excess GMV or advertising spend on which the variable fee is based is fixed and does not vary depending on the amount of the excess. Subscription fees are billed in advance of the subscription term and are due in accordance with contract terms, which generally provide for payment within 30 days. Variable fees are subject to the same payment terms, although they are generally billed at the end of the period in which they are incurred. The Company also generates revenue from its solutions that allow brands to direct potential consumers from their websites and digital marketing campaigns to authorized resellers. The majority of the Company's contracts have a one year term. The Company's contractual arrangements include performance, termination and cancellation provisions, but do not provide for refunds. Customers do not have the contractual right to take possession of the Company's software at any time. Sales taxes collected from customers and remitted to government authorities are excluded from revenue. The Company's customers are categorized as follows: Brands. The Company generally categorizes a customer as a brand if it primarily focuses on selling its own proprietary products. Retailers. The Company generally categorizes a customer as a retailer if it primarily focuses on selling third-party products. Other. Other is primarily comprised of strategic partnerships. The following table summarizes revenue disaggregation by customer type for the three and nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 Percentage of Total 2021 Percentage of Total 2022 Percentage of Total 2021 Percentage of Total Brands $ 19,184 44 % $ 17,470 42 % $ 57,130 44 % $ 47,675 39 % Retailers 21,463 49 % 21,737 52 % $ 64,299 50 % $ 66,030 54 % Other 2,843 7 % 2,368 6 % 7,160 6 % 8,579 7 % $ 43,490 $ 41,575 $ 128,589 $ 122,284 Contracts with Multiple Performance Obligations Customers may elect to purchase a subscription to multiple modules, multiple modules with multiple service levels, or, for certain of the Company's solutions, multiple brands or geographies. The Company evaluates such contracts to determine whether the services to be provided are distinct and accordingly should be accounted for as separate performance obligations. If the Company determines that a contract has multiple performance obligations, the transaction price, which is the total price of the contract, is allocated to each performance obligation based on a relative standalone selling price method. The Company estimates standalone selling price based on observable prices in past transactions for which the product offering subject to the performance obligation has been sold separately. As the performance obligations are satisfied, revenue is recognized as discussed above. Transaction Price Allocated to Future Performance Obligations As the Company typically enters into contracts with customers for a twelve-month subscription term, a substantial majority of its performance obligations that have not yet been satisfied as of September 30, 2022 are part of a contract that has an original expected duration of one year or less. For contracts with an original expected duration of greater than one year, the aggregate transaction price allocated to the unsatisfied performance obligations was $43.1 million as of September 30, 2022, of which $23.8 million is expected to be recognized as revenue over the next twelve months. Deferred Revenue Deferred revenue generally represents the unearned portion of subscription fees. Deferred revenue is recorded when fees are invoiced in advance of performance. Deferred amounts are generally recognized within one year. Deferred revenue is included in the accompanying condensed consolidated balance sheets under "Total current liabilities," net of any long-term portion that is included in "Other long-term liabilities." The following table summarizes deferred revenue activity for the nine months ended September 30, 2022 (in thousands): Balance, beginning of period Net additions Revenue recognized from deferred revenue Balance, end of period Deferred revenue $ 30,868 106,861 (108,395) $ 29,334 Of the $128.6 million of revenue recognized in the nine months ended September 30, 2022, $28.5 million was included in deferred revenue at January 1, 2022. Costs to Obtain Contracts The Company capitalizes sales commissions and a portion of other incentive compensation costs that are directly related to obtaining customer contracts and that would not have been incurred if the contract had not been obtained. These costs are included in the accompanying condensed consolidated balance sheets and are classified as "Prepaid expenses and other current assets," net of any long-term portion that is included in "Deferred contract costs, net of current portion." As of September 30, 2022, $9.3 million was included in "Prepaid expenses and other current assets." Deferred contract costs are amortized to sales and marketing expense over the expected period of benefit, which the Company has determined to be five years based on the estimated customer relationship period. The following table summarizes deferred contract cost activity for the nine months ended September 30, 2022 (in thousands): Balance, beginning of period Additions Amortized costs (1) Balance, end of period Deferred contract costs $ 26,959 9,979 (9,051) $ 27,887 (1) Includes contract costs amortized to sales and marketing expense during the period and the impact from foreign currency exchange rate fluctuations.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company recognizes stock-based compensation expense using the accelerated attribution method, net of estimated forfeitures, in which compensation cost for each vesting tranche in an award is recognized ratably from the service inception date to the vesting date for that tranche. Stock-based compensation expense is included in the following line items in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Cost of revenue $ 252 $ 169 $ 748 $ 665 Sales and marketing 1,060 928 2,707 2,744 Research and development 591 567 1,628 1,869 General and administrative 1,476 1,451 4,902 4,461 Total stock-based compensation expense $ 3,379 $ 3,115 $ 9,985 $ 9,739 During the nine months ended September 30, 2022, the Company granted the following share-based awards: Number of Shares Underlying Grant Weighted Average Grant Date Fair Value Service-based restricted stock units 721,062 $ 17.69 Performance-based restricted stock units 185,154 $ 17.78 Total share-based awards 906,216

Net Income Per Share

Net Income Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET (LOSS) INCOME PER SHAREBasic net (loss) income per share is calculated by dividing net (loss) income by the weighted-average number of shares of common stock outstanding for the period. Diluted net (loss) income per share is calculated giving effect to all potentially dilutive shares of common stock, including stock options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method. The following table summarizes the calculation of basic and diluted net (loss) income per share (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Basic: Net (loss) income $ (99) $ 3,529 $ 3,562 $ 13,546 Weighted average common shares outstanding, basic 28,815,362 29,931,173 29,674,219 29,665,439 Basic net (loss) income per share $ — $ 0.12 $ 0.12 $ 0.46 Diluted: Net (loss) income $ (99) $ 3,529 $ 3,562 $ 13,546 Weighted average common shares outstanding, basic 28,815,362 29,931,173 29,674,219 29,665,439 Dilutive effect of: Stock options 339,592 575,293 328,731 595,938 Unvested service-based restricted stock units 717,659 967,848 689,401 1,034,360 Unvested performance-based restricted stock units 82,941 — 101,147 — Weighted average common shares outstanding, diluted 29,955,554 31,474,314 30,793,498 31,295,737 Diluted net (loss) income per share $ — $ 0.11 $ 0.12 $ 0.43 The following equity instruments have been excluded from the calculation of diluted net (loss) income per share because the effect is anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Stock options 22,448 21,632 22,655 22,235 Restricted stock units 12,144 5,291 381,175 231,680

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES At the end of each interim reporting period, the Company estimates its effective income tax rate expected to be applicable for the full year. This estimate is used to determine the income tax provision or benefit on a year-to-date basis and may change in subsequent interim periods. The Company's effective tax rate was 105.1% and (1.0)% for the three months ended September 30, 2022 and 2021, respectively, and 59.0% and (3.3)% for the nine months ended September 30, 2022 and 2021, respectively. The tax expense and benefit for each of the periods was based on U.S. federal, state, local and foreign income taxes. The Company’s effective tax rate for the three and nine months ended September 30, 2022 was higher than the U.S. federal statutory rate of 21% primarily due to the generation of foreign operating losses which are subject to a valuation allowance as the related loss carryforwards are not yet deemed realizable, nondeductible Merger expenses and the U.S. federal and state requirement to capitalize research and development expenditures, effective for years beginning after December 31, 2021, as discussed below. The Company’s effective tax rate for the three and nine months ended September 30, 2021 was lower than the U.S. federal statutory rate of 21% primarily due to the utilization of U.S. federal and state operating loss carryforwards which had previously been subject to a valuation allowance. As a result of uncertainties relating to the timing and sufficiency of future taxable income in certain tax jurisdictions in which the Company operates, the Company could not recognize the tax benefit of operating loss carryforwards generated in those jurisdictions until the operating loss carryforwards were utilized. The effective tax rate for the three and nine months ended September 30, 2022 was higher than the effective tax rate for the three and nine months ended September 30, 2021 primarily due to the tax benefit recorded from the utilization of U.S. federal and state operating loss carryforwards which had been previously subject to a valuation allowance during the three and nine months ended September 30, 2021 and the U.S. federal and state requirement to capitalize research and development expenditures, effective for years beginning after December 31, 2021, as discussed below. The Company reversed most of the valuation allowance recorded against its U.S. federal and state operating loss carryforwards as of December 31, 2021. Therefore, the Company did not record a similar tax benefit from the utilization of U.S. federal and state operating loss carryforwards during the three and nine months ended September 30, 2022.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC INFORMATION	SEGMENT AND GEOGRAPHIC INFORMATION Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, or CODM, for purposes of allocating resources and evaluating financial performance. The Company's CODM reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. As such, the Company's operations constitute a single operating segment and one reportable segment. Substantially all assets were held in the United States during the nine months ended September 30, 2022 and the year ended December 31, 2021. The Company categorizes domestic and international revenue from customers based on their billing address. The following table summarizes revenue by geography for the three and nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Domestic $ 31,034 $ 29,199 $ 90,970 $ 87,181 International 12,456 12,376 37,619 35,103 Total revenue $ 43,490 $ 41,575 $ 128,589 $ 122,284

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation	The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Interim Condensed Consolidated Financial Information	The accompanying condensed consolidated financial statements and footnotes have been prepared in accordance with generally accepted accounting principles in the United States of America, or GAAP, as contained in the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, for interim financial information. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of financial position, the results of operations, comprehensive (loss) income and cash flows. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results for the full year or the results for any future periods, especially in light of the ongoing impacts, and potential future effects of, the COVID-19 pandemic and other macroeconomic and geopolitical factors on the Company’s business, operations and financial performance. These unaudited interim financial statements should be read in conjunction with the audited financial statements and related footnotes for the year ended December 31, 2021, or fiscal 2021, which are included in the Company's Annual Report on Form 10-K for fiscal 2021. There have been no material changes to the Company's significant accounting policies from those described in the footnotes to the audited financial statements contained in the Company's Annual Report on Form 10-K for fiscal 2021.
Recent Accounting Pronouncements	The Company has reviewed new accounting pronouncements that were issued during the nine months ended September 30, 2022 and does not believe that these pronouncements are applicable to the Company, or that they will have a material impact on its financial position or results of operations.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, income taxes, assumptions used for purposes of determining stock-based compensation, leases, including estimating lease terms and extensions, and revenue recognition, including standalone selling prices for contracts with multiple performance obligations and the expected period of benefit for deferred contract costs, among others. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities.
Deferred Revenue	Deferred revenue generally represents the unearned portion of subscription fees. Deferred revenue is recorded when fees are invoiced in advance of performance. Deferred amounts are generally recognized within one year. Deferred revenue is included in the accompanying condensed consolidated balance sheets under "Total current liabilities," net of any long-term portion that is included in "Other long-term liabilities."
Costs to Obtain Contracts	The Company capitalizes sales commissions and a portion of other incentive compensation costs that are directly related to obtaining customer contracts and that would not have been incurred if the contract had not been obtained. These costs are included in the accompanying condensed consolidated balance sheets and are classified as "Prepaid expenses and other current assets," net of any long-term portion that is included in "Deferred contract costs, net of current portion." As of September 30, 2022, $9.3 million was included in "Prepaid expenses and other current assets." Deferred contract costs are amortized to sales and marketing expense over the expected period of benefit, which the Company has determined to be five years based on the estimated customer relationship period.
Stock-Based Compensation	The Company recognizes stock-based compensation expense using the accelerated attribution method, net of estimated forfeitures, in which compensation cost for each vesting tranche in an award is recognized ratably from the service inception date to the vesting date for that tranche.
Earnings Per Share	Basic net (loss) income per share is calculated by dividing net (loss) income by the weighted-average number of shares of common stock outstanding for the period. Diluted net (loss) income per share is calculated giving effect to all potentially dilutive shares of common stock, including stock options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.
Income Taxes	At the end of each interim reporting period, the Company estimates its effective income tax rate expected to be applicable for the full year. This estimate is used to determine the income tax provision or benefit on a year-to-date basis and may change in subsequent interim periods.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Attributable to Parent [Abstract]
Schedule of Stockholders Equity	The following tables summarize quarterly stockholders' equity activity for the three and nine months ended September 30, 2022 and 2021 (in thousands, except number of shares): Quarterly Activity For The Nine Months Ended September 30, 2022 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2021 30,188,595 $ 30 $ 300,875 $ (2,237) $ (110,470) $ 188,198 Exercise of stock options and vesting of restricted stock units 388,551 — 362 — — 362 Stock-based compensation expense — — 3,132 — — 3,132 Statutory tax withholding related to net-share settlement of restricted stock units (101,316) — (1,818) — — (1,818) Net income — — — — 1,824 1,824 Foreign currency translation adjustments — — — (416) — (416) Balance, March 31, 2022 30,475,830 30 302,551 (2,653) (108,646) 191,282 Exercise of stock options and vesting of restricted stock units 123,990 — 13 — — 13 Stock-based compensation expense — — 3,474 — — 3,474 Statutory tax withholding related to net-share settlement of restricted stock units (44,201) — (620) — — (620) Repurchase and retirement of common stock (1,828,604) (1) (24,999) — — (25,000) Net income — — — — 1,837 1,837 Foreign currency translation adjustments — — — (1,995) — (1,995) Balance, June 30, 2022 28,727,015 29 280,419 (4,648) (106,809) 168,991 Exercise of stock options and vesting of restricted stock units 272,620 — 325 — — 325 Stock-based compensation expense — — 3,379 — — 3,379 Statutory tax withholding related to net-share settlement of restricted stock units (84,071) — (1,407) — — (1,407) Net loss — — — — (99) (99) Foreign currency translation adjustments — — — (1,961) — (1,961) Balance, September 30, 2022 28,915,564 $ 29 $ 282,716 $ (6,609) $ (106,908) $ 169,228 Quarterly Activity For The Nine Months Ended September 30, 2021 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2020 29,020,424 $ 29 $ 288,842 $ (1,095) $ (157,685) $ 130,091 Exercise of stock options and vesting of restricted stock units 802,270 1 3,586 — — 3,587 Stock-based compensation expense — — 3,048 — — 3,048 Statutory tax withholding related to net-share settlement of restricted stock units (89,842) — (2,061) — — (2,061) Net income — — — — 5,457 5,457 Foreign currency translation adjustments — — — (150) — (150) Balance, March 31, 2021 29,732,852 30 293,415 (1,245) (152,228) 139,972 Exercise of stock options and vesting of restricted stock units 146,164 — 136 — — 136 Stock-based compensation expense — — 3,576 — — 3,576 Statutory tax withholding related to net-share settlement of restricted stock units (48,409) — (1,177) — — (1,177) Net income — — — — 4,560 4,560 Foreign currency translation adjustments — — — 88 — 88 Balance, June 30, 2021 29,830,607 30 295,950 (1,157) (147,668) 147,155 Exercise of stock options and vesting of restricted stock units 314,529 — 515 — — 515 Stock-based compensation expense — — 3,115 — — 3,115 Statutory tax withholding related to net-share settlement of restricted stock units (96,188) — (2,329) — — (2,329) Net income — — — — 3,529 3,529 Foreign currency translation adjustments — — — (1,157) — (1,157) Balance, September 30, 2021 30,048,948 $ 30 $ 297,251 $ (2,314) $ (144,139) $ 150,828

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The estimated useful lives and amortization methodology used in computing amortization are as follows: Estimated Useful Life Amortization Methodology Customer relationships 7 years Straight-line Acquired technology 7 years Straight-line
Schedule of Goodwill	The following table summarizes the changes in the carrying amount of goodwill during the nine months ended September 30, 2022 (in thousands): Balance, December 31, 2021 $ 30,042 Effects of foreign currency translation (1,833) Balance, September 30, 2022 $ 28,209

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenue disaggregation by customer type for the three and nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 Percentage of Total 2021 Percentage of Total 2022 Percentage of Total 2021 Percentage of Total Brands $ 19,184 44 % $ 17,470 42 % $ 57,130 44 % $ 47,675 39 % Retailers 21,463 49 % 21,737 52 % $ 64,299 50 % $ 66,030 54 % Other 2,843 7 % 2,368 6 % 7,160 6 % 8,579 7 % $ 43,490 $ 41,575 $ 128,589 $ 122,284
Deferred Revenue	The following table summarizes deferred revenue activity for the nine months ended September 30, 2022 (in thousands): Balance, beginning of period Net additions Revenue recognized from deferred revenue Balance, end of period Deferred revenue $ 30,868 106,861 (108,395) $ 29,334
Deferred Contract Costs	The following table summarizes deferred contract cost activity for the nine months ended September 30, 2022 (in thousands): Balance, beginning of period Additions Amortized costs (1) Balance, end of period Deferred contract costs $ 26,959 9,979 (9,051) $ 27,887 (1) Includes contract costs amortized to sales and marketing expense during the period and the impact from foreign currency exchange rate fluctuations.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock-Based Compensation Expense	Stock-based compensation expense is included in the following line items in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Cost of revenue $ 252 $ 169 $ 748 $ 665 Sales and marketing 1,060 928 2,707 2,744 Research and development 591 567 1,628 1,869 General and administrative 1,476 1,451 4,902 4,461 Total stock-based compensation expense $ 3,379 $ 3,115 $ 9,985 $ 9,739
Summary of Awards Granted in Period	During the nine months ended September 30, 2022, the Company granted the following share-based awards: Number of Shares Underlying Grant Weighted Average Grant Date Fair Value Service-based restricted stock units 721,062 $ 17.69 Performance-based restricted stock units 185,154 $ 17.78 Total share-based awards 906,216

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the calculation of basic and diluted net (loss) income per share (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Basic: Net (loss) income $ (99) $ 3,529 $ 3,562 $ 13,546 Weighted average common shares outstanding, basic 28,815,362 29,931,173 29,674,219 29,665,439 Basic net (loss) income per share $ — $ 0.12 $ 0.12 $ 0.46 Diluted: Net (loss) income $ (99) $ 3,529 $ 3,562 $ 13,546 Weighted average common shares outstanding, basic 28,815,362 29,931,173 29,674,219 29,665,439 Dilutive effect of: Stock options 339,592 575,293 328,731 595,938 Unvested service-based restricted stock units 717,659 967,848 689,401 1,034,360 Unvested performance-based restricted stock units 82,941 — 101,147 — Weighted average common shares outstanding, diluted 29,955,554 31,474,314 30,793,498 31,295,737 Diluted net (loss) income per share $ — $ 0.11 $ 0.12 $ 0.43
Schedule of Securities Excluded from Calculation of Weighted Average Common Shares Outstanding	The following equity instruments have been excluded from the calculation of diluted net (loss) income per share because the effect is anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Stock options 22,448 21,632 22,655 22,235 Restricted stock units 12,144 5,291 381,175 231,680

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Summary of Revenue by Geography	The following table summarizes revenue by geography for the three and nine months ended September 30, 2022 and 2021 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Domestic $ 31,034 $ 29,199 $ 90,970 $ 87,181 International 12,456 12,376 37,619 35,103 Total revenue $ 43,490 $ 41,575 $ 128,589 $ 122,284

Description of the Business (De

Description of the Business (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Merger-related costs	$ 3.2

Stockholders' Equity (Detail)

Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 168,991	$ 191,282	$ 188,198	$ 147,155	$ 139,972	$ 130,091	$ 188,198	$ 130,091
Exercise of stock options and vesting of restricted stock units	325	13	362	515	136	3,587
Stock-based compensation expense	3,379	3,474	3,132	3,115	3,576	3,048
Statutory tax withholding related to net-share settlement of restricted stock units	(1,407)	$ (620)	(1,818)	(2,329)	(1,177)	(2,061)
Repurchase and retirement of common stock, in shares		(1,828,604)
Repurchase and retirement of common stock		$ (25,000)
Net (loss) income	(99)	1,837	1,824	3,529	4,560	5,457	3,562	13,546
Foreign currency translation adjustments	(1,961)	(1,995)	(416)	(1,157)	88	(150)	(4,372)	(1,219)
Ending balance	169,228	$ 168,991	$ 191,282	$ 150,828	$ 147,155	$ 139,972	169,228	$ 150,828
Accumulated deficit	$ (106,908)						$ (106,908)		$ (110,470)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	28,727,015	30,475,830	30,188,595	29,830,607	29,732,852	29,020,424	30,188,595	29,020,424
Beginning balance	$ 29	$ 30	$ 30	$ 30	$ 30	$ 29	$ 30	$ 29
Exercise of stock options and vesting of restricted stock units (in shares)	272,620	123,990	388,551	314,529	146,164	802,270
Exercise of stock options and vesting of restricted stock units		$ 0	$ 0	$ 0	$ 0	$ 1
Statutory tax withholding related to net-share settlement of restricted stock units (in shares)	(84,071)	(44,201)	(101,316)	(96,188)	(48,409)	(89,842)
Repurchase and retirement of common stock, in shares		(1,828,604)
Repurchase and retirement of common stock		$ (1)
Ending balance (in shares)	28,915,564	28,727,015	30,475,830	30,048,948	29,830,607	29,732,852	28,915,564	30,048,948	30,188,595
Ending balance	$ 29	$ 29	$ 30	$ 30	$ 30	$ 30	$ 29	$ 30
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	280,419	302,551	300,875	295,950	293,415	288,842	300,875	288,842
Exercise of stock options and vesting of restricted stock units	325	13	362	515	136	3,586
Stock-based compensation expense	3,379	3,474	3,132	3,115	3,576	3,048
Statutory tax withholding related to net-share settlement of restricted stock units	(1,407)	(620)	(1,818)	(2,329)	(1,177)	(2,061)
Repurchase and retirement of common stock		(24,999)
Ending balance	282,716	280,419	302,551	297,251	295,950	293,415	282,716	297,251
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(4,648)	(2,653)	(2,237)	(1,157)	(1,245)	(1,095)	(2,237)	(1,095)
Foreign currency translation adjustments	(1,961)	(1,995)	(416)	(1,157)	88	(150)
Ending balance	(6,609)	(4,648)	(2,653)	(2,314)	(1,157)	(1,245)	(6,609)	(2,314)
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(106,809)	(108,646)	(110,470)	(147,668)	(152,228)	(157,685)	(110,470)	(157,685)
Net (loss) income	(99)	1,837	1,824	3,529	4,560	5,457
Ending balance	$ (106,908)	$ (106,809)	$ (108,646)	$ (144,139)	$ (147,668)	$ (152,228)	$ (106,908)	$ (144,139)

Stockholders' Equity Narrative

Stockholders' Equity Narrative (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2022	Aug. 10, 2021
Equity [Abstract]
Authorized repurchase amount under share repurchase program	$ 25,000	$ 25,000
Repurchase and retirement of common stock, in shares	1,828,604
Average price per share	$ 13.67
Repurchase and retirement of common stock	$ 25,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Estimated Useful Lives and Amortization Methodology (Detail)	9 Months Ended
	Sep. 30, 2022
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible asset (in years)	7 years
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible asset (in years)	7 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Goodwill and Intangible Assets Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 100	$ 300	$ 400	$ 800
Goodwill [Roll Forward]
Goodwill	$ 28,209		28,209		$ 30,042
Change in goodwill			$ (1,833)

Capitalized Software Developm_2

Capitalized Software Development Costs - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Capitalized software development costs	$ 900,000	$ 900,000	$ 2,800,000	$ 2,600,000
Capitalized software development costs, amortization	800,000	$ 700,000	2,400,000	$ 2,000,000
Capitalized software development costs, net	$ 5,200,000		$ 5,200,000		$ 4,800,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 43,490	$ 41,575	$ 128,589	$ 122,284
Brands
Disaggregation of Revenue [Line Items]
Revenue	$ 19,184	$ 17,470	$ 57,130	$ 47,675
Revenue, percent of total	44%	42%	44%	39%
Retailers
Disaggregation of Revenue [Line Items]
Revenue	$ 21,463	$ 21,737	$ 64,299	$ 66,030
Revenue, percent of total	49%	52%	50%	54%
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 2,843	$ 2,368	$ 7,160	$ 8,579
Revenue, percent of total	7%	6%	6%	7%

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Transaction Price Allocated to Future Performance Obligations (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 43.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 23.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period	12 months

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Line Items]
Capitalized contract cost, amortization period	5 years
Recognized previously deferred revenue	$ 28.5
Deferred contract costs, current	9.3
Revenue	$ 128.6
Payment period	30 days
Contract period	1 year
BrandsRetailersOther
Revenue from Contract with Customer [Line Items]
Contract period	12 months

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Deferred Revenue (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Deferred revenue
Balance, beginning of period	$ 30,868
Net additions	106,861
Revenue recognized from deferred revenue	(108,395)
Balance, end of period	$ 29,334

Revenue from Contracts with C_7

Revenue from Contracts with Customers - Costs to Obtain Contracts (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Deferred contract costs
Balance, beginning of period	$ 26,959
Additions	9,979
Amortized costs	(9,051)
Balance, end of period	$ 27,887

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock-Based Compensation [Line Items]
Stock-based compensation expense	$ 3,379	$ 3,115	$ 9,985	$ 9,739
Cost of revenue
Stock-Based Compensation [Line Items]
Stock-based compensation expense	252	169	748	665
Sales and marketing
Stock-Based Compensation [Line Items]
Stock-based compensation expense	1,060	928	2,707	2,744
Research and development
Stock-Based Compensation [Line Items]
Stock-based compensation expense	591	567	1,628	1,869
General and administrative
Stock-Based Compensation [Line Items]
Stock-based compensation expense	$ 1,476	$ 1,451	$ 4,902	$ 4,461

Stock-Based Compensation - Gran

Stock-Based Compensation - Grants in Period (Detail)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Number of Shares Underlying Grant
Restricted stock units (RSUs) (in shares)	906,216
Service-based restricted stock units
Number of Shares Underlying Grant
Restricted stock units (RSUs) (in shares)	721,062
Weighted Average Grant Date Fair Value
Restricted stock units (RSUs) (in dollars per share) | $ / shares	$ 17.69
Performance-based restricted stock units
Number of Shares Underlying Grant
Restricted stock units (RSUs) (in shares)	185,154
Weighted Average Grant Date Fair Value
Restricted stock units (RSUs) (in dollars per share) | $ / shares	$ 17.78

Net Income Per Share - Calculat

Net Income Per Share - Calculation of Basic and Diluted Net Income (Loss) per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (99)	$ 1,837	$ 1,824	$ 3,529	$ 4,560	$ 5,457	$ 3,562	$ 13,546
Weighted average common shares outstanding, basic	28,815,362			29,931,173			29,674,219	29,665,439
Basic net income (loss) per share (in dollars per share)	$ 0			$ 0.12			$ 0.12	$ 0.46
Weighted average common shares outstanding, diluted (in shares)	29,955,554			31,474,314			30,793,498	31,295,737
Diluted net income (loss) per share (in dollars per share)	$ 0			$ 0.11			$ 0.12	$ 0.43
Stock options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect (in shares)	339,592			575,293			328,731	595,938
Service-based restricted stock units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect (in shares)	717,659			967,848			689,401	1,034,360
Performance-based restricted stock units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect (in shares)	82,941			0			101,147	0

Net Income Per Share - Antidilu

Net Income Per Share - Antidilutive Equity Instruments (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of weighted average common shares outstanding (in shares)	22,448	21,632	22,655	22,235
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of weighted average common shares outstanding (in shares)	12,144	5,291	381,175	231,680

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	105.10%	(1.00%)	59%	(3.30%)
U.S. taxing authority [Member]
Statutory Tax Rate [Line Items]
Statutory tax rate	21%	21%	21%	21%

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022 segment
Segment Reporting [Abstract]
Number of reportable segment	1
Number of operating segment	1

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Revenue by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenue	$ 43,490	$ 41,575	$ 128,589	$ 122,284
Domestic
Segment Reporting Information [Line Items]
Revenue	31,034	29,199	90,970	87,181
International
Segment Reporting Information [Line Items]
Revenue	$ 12,456	$ 12,376	$ 37,619	$ 35,103