Outbrain (OB) 10-Q 12 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-40643
Entity Registrant Name	Outbrain Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5391629
Entity Address, Address Line One	111 West 19th Street,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	(646)
Local Phone Number	867-0149
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	OB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		55,739,386
Entity Central Index Key	0001454938
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 391,409	$ 455,397
Accounts receivable, net of allowances	180,411	192,814
Prepaid expenses and other current assets	30,903	27,873
Total current assets	602,723	676,084
Property, equipment and capitalized software, net	34,098	28,008
Operating lease right-of-use assets, net	12,846	0
Intangible assets, net	28,220	5,719
Goodwill	63,063	32,881
Deferred tax assets	36,258	32,867
Other assets	16,933	20,331
TOTAL ASSETS	794,141	795,890
CURRENT LIABILITIES:
Accounts payable	130,469	160,790
Accrued compensation and benefits	17,701	23,331
Accrued and other current liabilities	130,796	99,590
Deferred revenue	5,386	4,784
Total current liabilities	284,352	288,495
Long-term debt	236,000	236,000
Operating lease liabilities, non-current	9,766	0
Other liabilities	17,426	14,620
TOTAL LIABILITIES	547,544	539,115
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY:
Common stock, par value of $0.001 per share — 1,000,000,000 shares authorized; 59,542,657 shares issued and 56,684,158 shares outstanding as of June 30, 2022 and 58,015,075 shares issued and 56,701,394 shares outstanding as of December 31, 2021	60	58
Preferred stock, par value of $0.001 per share — 100,000,000 shares authorized, none issued and outstanding as of June 30, 2022 and December 31, 2021	0	0
Additional paid-in capital	449,282	434,945
Treasury stock, at cost, 2,858,499 shares as of June 30, 2022 and 1,313,681 shares as of December 31, 2021	(26,076)	(16,504)
Accumulated other comprehensive loss	(7,211)	(4,474)
Accumulated deficit	(169,458)	(157,250)
TOTAL STOCKHOLDERS’ EQUITY	246,597	256,775
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 794,141	$ 795,890

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	59,542,657	58,015,075
Common stock, outstanding (in shares)	56,684,158	56,701,394
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, authorized (in shares)	100,000,000	100,000,000
Preferred stock, outstanding (in shares)	0	0
Treasury stock (in shares)	2,858,499	1,313,681

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 250,883	$ 247,153	$ 505,099	$ 475,177
Traffic acquisition costs	191,554	180,324	382,250	347,937
Other cost of revenue	10,610	7,767	20,199	14,709
Total cost of revenue	202,164	188,091	402,449	362,646
Gross profit	48,719	59,062	102,650	112,531
Operating expenses:
Research and development	10,519	8,474	20,947	16,902
Sales and marketing	28,122	21,186	55,517	41,054
General and administrative	12,957	12,247	28,991	22,640
Total operating expenses	51,598	41,907	105,455	80,596
(Loss) income from operations	(2,879)	17,155	(2,805)	31,935
Other expense, net:
Interest expense	(1,953)	(189)	(3,824)	(359)
Other expense, net, and interest income	(3,828)	(943)	(4,909)	(3,196)
Total other expense, net	(5,781)	(1,132)	(8,733)	(3,555)
(Loss) income before provision for income taxes	(8,660)	16,023	(11,538)	28,380
Provision for income taxes	1,658	822	670	2,433
Net (loss) income	$ (10,318)	$ 15,201	$ (12,208)	$ 25,947
Weighted average shares outstanding:
Basic (in shares)	57,590,308	17,519,243	57,414,636	17,371,162
Diluted (in shares)	57,590,308	20,937,154	57,414,636	20,014,953
Net (loss) income per common share:
Basic (in usd per share)	$ (0.18)	$ 0.34	$ (0.21)	$ 0.58
Diluted (in usd per share)	$ (0.18)	$ 0.28	$ (0.21)	$ 0.51

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (10,318)	$ 15,201	$ (12,208)	$ 25,947
Other comprehensive (loss) income:
Foreign currency translation adjustments	(1,996)	(1,060)	(2,737)	160
Comprehensive (loss) income	$ (12,314)	$ 14,141	$ (14,945)	$ 26,107

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders’ Equity (Deficit) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit
Convertible Preferred Stock, Balance - beginning of period (in shares) at Dec. 31, 2020	27,652,449
Convertible Preferred Stock, Balance - beginning of period at Dec. 31, 2020	$ 162,444
Convertible Preferred Stock, Balance - end of period (in shares) at Jun. 30, 2021	27,652,449
Convertible Preferred Stock, Balance - end of period at Jun. 30, 2021	$ 162,444
Balance - beginning of period (in shares) at Dec. 31, 2020		17,439,488		280,686
Balance - beginning of period at Dec. 31, 2020	(79,813)	$ 17	$ 95,055	$ (2,350)	$ (4,290)	$ (168,245)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes (in shares)		422,235		26,344
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes	$ 1,534	$ 1	1,782	$ (249)
Vesting of restricted stock units, net of shares withheld for taxes (in shares)		209,571
Shares repurchased under share repurchase program (in shares)	0
Shares repurchased under the share repurchase program	$ 0
Stock-based compensation	3,039		3,039
Other comprehensive income (loss)	160				160
Net (loss) income	25,947					25,947
Balance - end of period (in shares) at Jun. 30, 2021		18,071,294		307,030
Balance - end of period at Jun. 30, 2021	$ (49,133)	$ 18	99,876	$ (2,599)	(4,130)	(142,298)
Convertible Preferred Stock, Balance - beginning of period (in shares) at Mar. 31, 2021	27,652,449
Convertible Preferred Stock, Balance - beginning of period at Mar. 31, 2021	$ 162,444
Convertible Preferred Stock, Balance - end of period (in shares) at Jun. 30, 2021	27,652,449
Convertible Preferred Stock, Balance - end of period at Jun. 30, 2021	$ 162,444
Balance - beginning of period (in shares) at Mar. 31, 2021		17,674,079		307,030
Balance - beginning of period at Mar. 31, 2021	(66,012)	$ 18	97,138	$ (2,599)	(3,070)	(157,499)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes (in shares)		292,745
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes	$ 1,238		1,238
Vesting of restricted stock units, net of shares withheld for taxes (in shares)		104,470
Shares repurchased under share repurchase program (in shares)	0
Shares repurchased under the share repurchase program	$ 0
Stock-based compensation	1,500		1,500
Other comprehensive income (loss)	(1,060)				(1,060)
Net (loss) income	15,201					15,201
Balance - end of period (in shares) at Jun. 30, 2021		18,071,294		307,030
Balance - end of period at Jun. 30, 2021	$ (49,133)	$ 18	99,876	$ (2,599)	(4,130)	(142,298)
Balance - beginning of period (in shares) at Dec. 31, 2021	56,701,394	58,015,075		1,313,681
Balance - beginning of period at Dec. 31, 2021	$ 256,775	$ 58	434,945	$ (16,504)	(4,474)	(157,250)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes (in shares)	507,750	695,985		95,138
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes	$ 2,328	$ 1	3,752	$ (1,425)
Vesting of restricted stock units, net of shares withheld for taxes (in shares)		475,811		61,363
Vesting of restricted stock units, net of shares withheld for taxes	(646)	$ 1	(1)	$ (646)
Acquisition stock consideration (in shares)		355,786
Acquisition stock consideration	$ 4,190		4,190
Shares repurchased under share repurchase program (in shares)	(1,388,317)			(1,388,317)
Shares repurchased under the share repurchase program	$ (7,501)			$ (7,501)
Stock-based compensation	6,396		6,396
Other comprehensive income (loss)	(2,737)				(2,737)
Net (loss) income	$ (12,208)					(12,208)
Balance - end of period (in shares) at Jun. 30, 2022	56,684,158	59,542,657		2,858,499
Balance - end of period at Jun. 30, 2022	$ 246,597	$ 60	449,282	$ (26,076)	(7,211)	(169,458)
Balance - beginning of period (in shares) at Mar. 31, 2022		58,994,429		1,431,318
Balance - beginning of period at Mar. 31, 2022	261,700	$ 59	444,218	$ (18,222)	(5,215)	(159,140)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes (in shares)		284,130
Exercise of employee stock options, warrants and restricted stock awards, net of shares withheld for taxes	1,479		1,479
Vesting of restricted stock units, net of shares withheld for taxes (in shares)		264,098		38,864
Vesting of restricted stock units, net of shares withheld for taxes	$ (353)	$ 1	(1)	$ (353)
Shares repurchased under share repurchase program (in shares)	(1,388,317)			(1,388,317)
Shares repurchased under the share repurchase program	$ (7,501)			$ (7,501)
Stock-based compensation	3,586		3,586
Other comprehensive income (loss)	(1,996)				(1,996)
Net (loss) income	$ (10,318)					(10,318)
Balance - end of period (in shares) at Jun. 30, 2022	56,684,158	59,542,657		2,858,499
Balance - end of period at Jun. 30, 2022	$ 246,597	$ 60	$ 449,282	$ (26,076)	$ (7,211)	$ (169,458)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (12,208)	$ 25,947
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization of property and equipment	5,160	3,285
Amortization of capitalized software development costs	4,711	4,092
Amortization of intangible assets	3,153	1,818
Stock-based compensation	6,090	2,948
Non-cash operating lease expense	2,133	0
Provision for credit losses	978	1,385
Deferred income taxes	(3,995)	(602)
Other	3,530	3,215
Changes in operating assets and liabilities:
Accounts receivable	8,523	(3,852)
Prepaid expenses and other current assets	(4,598)	(4,565)
Other assets	2,094	(465)
Accounts payable and accrued and other current liabilities	(16,123)	(8,821)
Operating lease liabilities	(1,936)	0
Deferred revenue	904	(7)
Other	454	483
Net cash (used in) provided by operating activities	(1,130)	24,861
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	(34,524)	0
Purchases of property and equipment	(10,355)	(676)
Capitalized software development costs	(6,333)	(5,089)
Other	(97)	(31)
Net cash used in investing activities	(51,309)	(5,796)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options and warrants	3,753	1,791
Treasury stock repurchases and share withholdings on vested awards	(9,572)	(249)
Principal payments on finance lease obligations	(1,871)	(2,273)
Deferred financing costs	0	(494)
Net cash used in financing activities	(7,690)	(1,225)
Effect of exchange rate changes	(3,875)	(161)
Net (decrease) increase in cash, cash equivalents and restricted cash	(64,004)	17,679
Cash, cash equivalents and restricted cash — Beginning	455,592	94,067
Cash, cash equivalents and restricted cash — Ending	391,588	111,746
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH TO THE CONDENSED CONSOLIDATED BALANCE SHEETS
Cash and cash equivalents	391,409	111,334
Restricted cash, included in other assets	179	412
Total cash, cash equivalents, and restricted cash	391,588	111,746
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income taxes, net of refunds	2,746	1,958
Cash paid for interest	3,733	331
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Stock-based compensation capitalized for software development costs	306	91
Purchases of property and equipment included in accounts payable	32	57
Property and equipment financed under capital obligation arrangements	0	1,837
Acquisition consideration payable	12,017	0
Stock consideration issued for acquisition of a business	$ 4,190	$ 0

Organization, Description of Bu

Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements	Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements Organization and Description of Business Outbrain Inc. (together with its subsidiaries, “Outbrain”, the “Company”, “we”, “our” or “us”), was incorporated in August 2006 in Delaware. The Company is headquartered in New York, New York and has wholly owned subsidiaries in Israel, Europe, Asia, Brazil and Australia. In connection with the Company’s initial public offering (“IPO”), its common stock began trading on The Nasdaq Stock Market LLC (“Nasdaq”) on July 23, 2021 under “OB” ticker. Outbrain is a leading recommendation platform powering the open web. The Company’s platform provides personalized recommendations that appear as links to content, advertisements and videos on media owners’ online properties. The Company generates revenue from marketers through user engagements with promoted recommendations that it delivers across a variety of third-party media owners’ online properties. The Company pays traffic acquisition costs to its media owner partners on whose digital properties the recommendations are shown. The Company’s advertiser solutions are mainly priced using a performance-based model based on the actual number of engagements generated by users, which is highly dependent on its ability to generate trustworthy and interesting recommendations to individual users based on its proprietary algorithms. A small portion of the Company’s revenue is generated through advertisers participating in programmatic auctions wherein the pricing is determined by the auction results and not dependent on user engagement. Basis of Presentation The accompanying condensed consolidated financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and are unaudited. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 18, 2022 (“2021 Form 10-K”). Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates and judgments are based on historical information and on various other assumptions that the Company believes are reasonable under the circumstances. Estimates and assumptions made in the accompanying condensed consolidated financial statements include, but are not limited to, the allowance for credit losses, sales allowance, software development costs eligible for capitalization, valuation of deferred tax assets, the useful lives of property and equipment, the useful lives and fair value of intangible assets and goodwill, the fair value of stock-based awards, and the recognition and measurement of income tax uncertainties and other contingencies. Actual results could differ materially from these estimates. Reclassifications Certain reclassifications have been made to the prior periods’ financial information in order to conform to the current period’s presentation. Certain Risks and Concentrations Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, restricted cash and accounts receivable. The Company’s cash and cash equivalents and restricted cash are generally invested in high-credit quality financial instruments with both banks and financial institutions to reduce the amount of exposure to any single financial institution. The Company generally does not require collateral to secure its accounts receivable. No single marketer accounted for 10% or more of the Company’s total revenue for t he three and six months ended June 30, 2022 or 2021, or for 10% or more of its gross accounts receivable balance as of June 30, 2022 or December 31, 2021. During the three and six months ended June 30, 2022, none of the Company’s media owners accounted for 10% or more of its total traffic acquisition costs. For the three and six months ended June 30, 2021, one media owner accounted for approximately 10% and 11%, respectively, of the Company’s total traffic acquisition costs. Segment Information The Company has one operating and reporting segment. The Company’s chief operating decision maker is its Co-Chief Executive Officer who makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis. New Accounting Pronouncements Under the JOBS Act, the Company meets the definition of an emerging growth company and can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the Company is no longer an emerging growth company or until the Company affirmatively and irrevocably opts out of the extended transition period. Recently Adopted Accounting Pronouncements Leases In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU 2016-02, “Leases (Topic 842)”, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). This comprehensive new standard amends and supersedes existing lease accounting guidance and is intended to increase transparency and comparability by recognizing right-of-use (“ROU”) lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. In July 2018, this guidance was amended to allow companies to use the beginning of the period in which this standard is adopted as the date of initial application. The Company adopted Topic 842 on January 1, 2022 using the transition election allowing it not to restate prior periods. As such, results for reporting periods beginning on January 1, 2022 are presented under Topic 842, while prior period amounts continue to be reported in accordance with the Company’s historical accounting treatment under ASC 840, Leases. The Company elected the package of practical expedients permitted under the transition guidance, which allows it not to reassess its prior conclusions about lease identification, lease classification and initial direct costs. In addition, the Company elected not to separate the lease and non-lease components for its real estate leases and not to recognize lease assets and liabilities for operating leases with initial terms of 12 months or less. The Company did not elect the “hindsight” practical expedient. The Company uses its incremental borrowing rate to determine the present value of lease payments, as the Company’s leases do not have a readily determinable implicit discount rate. The incremental borrowing rate is the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and amount in a similar economic environment. Upon adoption, the Company recognized operating right-of-use assets of $14.8 million and operating lease liabilities of $15.2 million in its consolidated balance sheet as of January 1, 2022. In addition, the Company reclassified deferred rent and lease incentives as a component of right-of-use assets. The adoption of the new lease standard did not have a material impact the Company’s results of operations or cash flows and there was no cumulative-effect adjustment to the opening balance of retained earnings. Credit Losses In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326),” which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires consideration of forward-looking information to calculate credit loss estimates. These changes result in an earlier recognition of credit losses. The Company's financial assets held at amortized cost include accounts receivable. The amendments in ASU 2020-05, “Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities,” deferred the effective date for Topic 326 to fiscal years beginning after December 15, 2 022. The Company early adopted ASU 2016-13 as of January 1, 2022, using the adoption method based on the aging schedules of accounts receivable. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. See Note 1 to the Company’s audited consolidated financial statements for the year ended December 31, 2021 in the Company’s 2021 Form 10-K for a complete disclosure of the Company’s significant accounting policies.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following table presents total revenue based on where the Company’s marketers are physically located: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) USA $ 85,079 $ 92,991 $ 170,656 $ 171,078 Europe, the Middle East and Africa (EMEA) 140,293 126,033 279,968 252,578 Other 25,511 28,129 54,475 51,521 Total revenue $ 250,883 $ 247,153 $ 505,099 $ 475,177 Contract Balances There were no contract assets as of June 30, 2022 or December 31, 2021. Contract liabilities primarily relate to advance payments and consideration received from customers. As of June 30, 2022 and December 31, 2021, the Company’s contract liabilities were recorded as deferred revenue in the condensed consolidated balance sheets.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition	Acquisition On November 19, 2021, the Company entered into a definitive agreement, by and among the Company and the shareholders of video intelligence AG (“vi”), a Swiss-based contextual video technology company for digital media owners, for the acquisition of all of the outstanding shares of vi for a purchase price of approximately $55 million. The acquisition was completed on January 5, 2022. The purchase price was paid in the form of cash and Outbrain common stock, with the first installment of $37.3 million in cash and the equity portion paid at closing, and the substantial majority of the remaining cash balance paid in the third quarter of 2022. The equity portion of the purchase price was comprised of 355,786 shares of the Company’s common stock with a fair value of $4.2 million, and is subject to a post-closing adjustment based on market price of the Company’s stock to be determined one year from closing, at which time any required adjustment is to be paid in cash. Aggregate consideration for the acquisition of vi will not exceed approximately $55 million in total. This acquisition expanded the Company’s video product offerings to include in-stream high-quality video content, delivering a better user experience and more value to its advertisers. The following table summarizes the total purchase consideration as of the acquisition date: January 5, 2022 (In thousands) Cash consideration paid on acquisition date $ 37,311 Fair value of deferred consideration payable in cash 10,936 Fair value of contingent consideration payable 547 Stock consideration 4,190 Total consideration $ 52,984 This acquisition was accounted for as a business combination under the acquisition method of accounting and the results of operations of vi have been included in the Company’s results of operations as of the acquisition date. The Company incurred transaction costs relating to the vi acquisition of $0.2 million during the six months ended June 30, 2022, which were included in general and administrative expenses in the Company’s condensed consolidated statements of operations. The Company allocated the purchase price to identifiable assets acquired based on their estimated fair values at acquisition date, which required management to use significant judgment and estimates, including valuation methodologies, estimates of future revenue, costs and cash flows, discount rates, and identifying comparable companies. The Company engaged third-party valuation specialists to assist in determining the fair values of the acquired assets and liabilities. During the six months ended June 30, 2022, the Company recorded an expense of $0.4 million in its condensed consolidated statement of operations, to adjust the contingent consideration payable to its estimated fair value of approximately $0.9 million as of June 30, 2022. The allocation of the purchase price to the identifiable assets and liabilities based on their estimated fair values as of the acquisition date was as follows: January 5, 2022 (In thousands) Cash and cash equivalents $ 2,787 Accounts receivable 3,849 Prepaid expenses and other current assets 995 Property and equipment, net 43 Publisher relationships 10,783 Customer relationships 732 Content provider relationships 284 Technology intangibles 9,985 Tradenames 3,704 Accounts payable (2,571) Accrued and other liabilities (2,768) Deferred tax liability (5,021) Net assets acquired 22,802 Goodwill 30,182 Total $ 52,984 The fair values of the publisher relationships were determined using the multi-period excess earnings income approach and the fair values of the customer and content provider relationships were determined using the cost approach. The fair value of tradenames and technology was determined using the relief-from-royalty method. Identifiable intangible assets acquired are amortized on a straight-line basis over their estimated useful lives. The Company estimated useful lives of acquired publisher relationships and technology to be 8 years, and tradenames to be 9 years, and other relationships to be 5 years. Amortization expense for amortizable intangible assets is included within sales and marketing expense and other cost of revenue in the Company’s condensed consolidated statements of operations.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company’s financial instruments include restricted time deposits, severance pay fund deposits and foreign currency forward contracts. The Company determines the fair value of its financial instruments based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the Company uses the fair value hierarchy described below to distinguish between observable and unobservable inputs: Level I — Valuations based on quoted prices in active markets for identical assets and liabilities at the measurement date; Level II — Valuations based on quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be principally corroborated by observable market data for substantially the full term of the related assets or liabilities; and Level III — Valuations based on unobservable inputs that are significant to the measurement of the fair value of the assets or liabilities that are supported by little or no market data. The following table sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy: June 30, 2022 Level I Level II Level III Total (In thousands) Financial Assets: Restricted time deposit (1) $ — $ 179 $ — $ 179 Severance pay fund deposits (1) $ — $ 5,545 $ — $ 5,545 Total financial assets $ — $ 5,724 $ — $ 5,724 Financial Liabilities: Foreign currency forward contract (2) $ — $ 3,333 $ — $ 3,333 Total financial liabilities $ — $ 3,333 $ — $ 3,333 December 31, 2021 Level I Level II Level III Total (In thousands) Financial Assets: Restricted time deposit (1) $ — $ 195 $ — $ 195 Severance pay fund deposits (1) $ — $ 6,086 $ — $ 6,086 Foreign currency forward contract (3) $ — $ 741 $ — $ 741 Total financial assets $ — $ 7,022 $ — $ 7,022 _____________________ (1) Recorded within other assets (2) Recorded within accrued and other current liabilities (3) Recorded within prepaid expenses and other current assets The Company’s 2.95% Convertible Senior Notes due 2026 (“Convertible Notes”) are recorded within long-term debt in its condensed consolidated balance sheets at their carrying value, which may differ from their fair value. The fair value of Convertible Notes is estimated using external pricing data, including any available market data for other debt instruments with similar characteristics. The following table summarizes the carrying value and the estimated fair value of the Company’s Convertible Notes, based on Level II measurements of the fair value hierarchy: June 30, 2022 December 31, 2021 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value (In thousands) Convertible Notes $ 236,000 $ 188,257 $ 236,000 $ 234,348 The Company enters into foreign currency forward exchange contracts to manage the effects of fluctuations in foreign currency exchange rates on its net cash flows from non-U.S. dollar denominated operations. During the three and six months ended June 30, 2022, the Company recognized losses of $3.3 million and $4.1 million, respectively, related to mark-to-market adjustments on its undesignated foreign currency forward contacts. The Company recorded corresponding gains of $0.7 million and losses of $0.6 million, respectively, during the three and six months ended June 30, 2021.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	Balance Sheet Components Accounts Receivable and Allowance for Credit Losses The allowance for credit losses is based on the best estimate of the amount of probable credit losses in accounts receivable. The allowance for credit losses is determined based on historical collection experience, reasonable and supportable forecasted information, and any applicable market conditions. The allowance for credit losses also takes into consideration the Company’s current customer information, collection history, and other relevant data. The Company reviews the allowance for credit losses on a quarterly basis. Account balances are written off against the allowance when it is deemed probable that the receivable will not be recovered. Accounts receivable, net of allowance for credit losses consists of the following: June 30, 2022 December 31, 2021 (In thousands) Accounts receivable $ 185,212 $ 197,216 Allowance for credit losses (4,801) (4,402) Accounts receivable, net of allowance for credit losses $ 180,411 $ 192,814 The allowance for credit losses consists of the following activity: Six Months Ended June 30, 2022 Year Ended December 31, 2021 (In thousands) Allowance for credit losses, beginning balance $ 4,402 $ 4,174 Provision for credit losses, net of recoveries 846 2,601 Write-offs (447) (2,373) Allowance for credit losses, ending balance $ 4,801 $ 4,402 Property, Equipment and Capitalized Software, Net Property, equipment and capitalized software, net consists of the following: June 30, 2022 December 31, 2021 (In thousands) Computer equipment $ 51,702 $ 43,316 Capitalized software development costs 60,872 54,233 Software 2,509 2,817 Leasehold improvements 1,174 1,547 Furniture and fixtures 208 83 Property, equipment and capitalized software, gross 116,465 101,996 Less: accumulated depreciation and amortization (82,367) (73,988) Total property, equipment and capitalized software, net $ 34,098 $ 28,008 Accrued and Other Current Liabilities Accrued and other current liabilities consists of the following: June 30, 2022 December 31, 2021 (In thousands) Accrued traffic acquisition costs $ 73,241 $ 60,274 Acquisition consideration payable 11,747 — Accrued tax liabilities 11,323 9,240 Accrued agency commissions 10,669 10,639 Accrued professional fees 4,862 6,569 Operating lease obligations, current 3,823 — Foreign currency forward contract 3,333 — Interest payable 3,074 3,094 Finance lease obligations, current 2,256 3,069 Other 6,468 6,705 Total accrued and other current liabilities $ 130,796 $ 99,590

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The Company leases certain equipment and computers under finance lease arrangements, as well as office facilities and managed data center facilities under non-cancelable operating lease arrangements for its U.S. and international locations that expire on various dates through 2031. These arrangements require the Company to pay certain operating expenses, such as taxes, repairs and insurance and contain renewal and escalation clauses. The Company’s options to extend or terminate a lease are not included in the lease terms, unless the Company is reasonably certain it will exercise that option. The Company’s leases generally do not contain any material restrictive covenants. The Company’s minimum lease payments include fixed payments for non-lease components included in the lease agreement, but exclude variable lease payments that are not dependent on an index or rate, such as common area maintenance, operating expenses, utilities, or other costs that are subject to fluctuations from period to period. Non-lease components that are variable in nature are recorded as variable lease expenses in the period incurred. The following table summarizes assets and liabilities related to the Company’s operating and finance leases: Condensed Consolidated Balance Sheet Location June 30, 2022 (In thousands) Lease assets Operating leases Operating lease right-of-use assets, net $ 12,846 Finance leases Property, equipment and capitalized software, net 3,073 Total lease assets $ 15,919 Lease liabilities Current liabilities: Operating leases Accrued and other current liabilities $ 3,823 Finance leases Accrued and other current liabilities 2,256 Non-current liabilities: Operating leases Operating lease liabilities, non-current 9,766 Finance leases Other liabilities 1,025 Total lease liabilities $ 16,870 The following table presents the components of the Company’s total lease expense: Condensed Consolidated Statements of Operations Location Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (In thousands) Operating lease cost Fixed lease costs Cost of revenue and operating expenses $ 965 $ 2,133 Variable lease costs Operating Expenses 32 62 Short-term lease costs Cost of revenue and operating expenses 134 274 Financing lease cost: Depreciation Cost of revenue 803 1,746 Interest Interest expense 71 159 Total lease cost $ 2,005 $ 4,374 As of June 30, 2022, the maturities of the Company's lease liabilities under operating and finance leases were as follows: Year Operating Leases Finance Leases (in thousands) Remainder of 2022 $ 2,498 $ 1,369 2023 3,569 1,741 2024 3,196 257 2025 3,176 — 2026 1,545 — Thereafter 1,175 — Total minimum payments required $ 15,159 $ 3,367 Less: imputed interest (1,570) (86) Total present value of lease liabilities $ 13,589 $ 3,281 As of June 30, 2022, the Company entered into one new operating lease agreement that has not yet commenced. Future leases payments for the operating lease are approximately $2.3 million. The lease will commence in 2023 and has a lease term of ten years. The following table summarizes weighted-average lease terms and discount rates for the Company’s leases: June 30, 2022 Weighted-average remaining lease term (in years) Operating leases 4.26 years Finance leases 1.42 years Weighted-average discount rate Operating leases 5.26% Finance leases 7.38% Supplemental cash flow information related to leases is as follows: Six Months Ended June 30, 2022 (In thousands) Cash paid for amounts included in measurement of lease liabilities: Operating cash outflows from operating leases $ 1,936 Cash flows from finance leases $ 1,871 New operating lease assets obtained in exchange for new lease obligations $ 503 As of December 31, 2021, prior to the adoption of Topic 842, future minimum lease payments under the Company’s non-cancelable operating leases and capital leases were as follows: Year Ending December 31: Operating Leases Capital Leases (In thousands) 2022 $ 4,214 $ 3,329 2023 3,128 1,741 2024 2,768 257 2025 2,630 — 2026 1,399 — Thereafter 929 — Total minimum payments required $ 15,068 $ 5,327
Leases	Leases The Company leases certain equipment and computers under finance lease arrangements, as well as office facilities and managed data center facilities under non-cancelable operating lease arrangements for its U.S. and international locations that expire on various dates through 2031. These arrangements require the Company to pay certain operating expenses, such as taxes, repairs and insurance and contain renewal and escalation clauses. The Company’s options to extend or terminate a lease are not included in the lease terms, unless the Company is reasonably certain it will exercise that option. The Company’s leases generally do not contain any material restrictive covenants. The Company’s minimum lease payments include fixed payments for non-lease components included in the lease agreement, but exclude variable lease payments that are not dependent on an index or rate, such as common area maintenance, operating expenses, utilities, or other costs that are subject to fluctuations from period to period. Non-lease components that are variable in nature are recorded as variable lease expenses in the period incurred. The following table summarizes assets and liabilities related to the Company’s operating and finance leases: Condensed Consolidated Balance Sheet Location June 30, 2022 (In thousands) Lease assets Operating leases Operating lease right-of-use assets, net $ 12,846 Finance leases Property, equipment and capitalized software, net 3,073 Total lease assets $ 15,919 Lease liabilities Current liabilities: Operating leases Accrued and other current liabilities $ 3,823 Finance leases Accrued and other current liabilities 2,256 Non-current liabilities: Operating leases Operating lease liabilities, non-current 9,766 Finance leases Other liabilities 1,025 Total lease liabilities $ 16,870 The following table presents the components of the Company’s total lease expense: Condensed Consolidated Statements of Operations Location Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (In thousands) Operating lease cost Fixed lease costs Cost of revenue and operating expenses $ 965 $ 2,133 Variable lease costs Operating Expenses 32 62 Short-term lease costs Cost of revenue and operating expenses 134 274 Financing lease cost: Depreciation Cost of revenue 803 1,746 Interest Interest expense 71 159 Total lease cost $ 2,005 $ 4,374 As of June 30, 2022, the maturities of the Company's lease liabilities under operating and finance leases were as follows: Year Operating Leases Finance Leases (in thousands) Remainder of 2022 $ 2,498 $ 1,369 2023 3,569 1,741 2024 3,196 257 2025 3,176 — 2026 1,545 — Thereafter 1,175 — Total minimum payments required $ 15,159 $ 3,367 Less: imputed interest (1,570) (86) Total present value of lease liabilities $ 13,589 $ 3,281 As of June 30, 2022, the Company entered into one new operating lease agreement that has not yet commenced. Future leases payments for the operating lease are approximately $2.3 million. The lease will commence in 2023 and has a lease term of ten years. The following table summarizes weighted-average lease terms and discount rates for the Company’s leases: June 30, 2022 Weighted-average remaining lease term (in years) Operating leases 4.26 years Finance leases 1.42 years Weighted-average discount rate Operating leases 5.26% Finance leases 7.38% Supplemental cash flow information related to leases is as follows: Six Months Ended June 30, 2022 (In thousands) Cash paid for amounts included in measurement of lease liabilities: Operating cash outflows from operating leases $ 1,936 Cash flows from finance leases $ 1,871 New operating lease assets obtained in exchange for new lease obligations $ 503 As of December 31, 2021, prior to the adoption of Topic 842, future minimum lease payments under the Company’s non-cancelable operating leases and capital leases were as follows: Year Ending December 31: Operating Leases Capital Leases (In thousands) 2022 $ 4,214 $ 3,329 2023 3,128 1,741 2024 2,768 257 2025 2,630 — 2026 1,399 — Thereafter 929 — Total minimum payments required $ 15,068 $ 5,327

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The changes in the carrying value of the Company’s goodwill balance was as follows: June 30, 2022 December 31, 2021 (In thousands) Goodwill, opening balance $ 32,881 $ 32,881 Acquisition of vi 30,182 — Goodwill, closing balance $ 63,063 $ 32,881 The Company has not recorded any accumulated impairments of goodwill. The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows: As of June 30, 2022 Weighted Average Amortization Gross Value Accumulated Net Carrying (In thousands) Developed technology 5.8 years $ 18,411 $ (9,028) $ 9,383 Customer relationships 4.1 years 6,393 (4,896) 1,497 Publisher relationships 6.3 years 19,828 (8,000) 11,828 Tradenames 8.7 years 5,495 (927) 4,568 Content Provider Relationships 5.0 years 284 (27) 257 Other 14.0 years 885 (198) 687 Total intangible assets, net $ 51,296 $ (23,076) $ 28,220 As of December 31, 2021 Weighted Average Amortization Gross Value Accumulated Net Carrying (In thousands) Developed technology 3.2 years $ 8,425 $ (8,425) $ — Customer relationships 4.0 years 5,345 (4,050) 1,295 Publisher relationships 4.0 years 8,403 (5,777) 2,626 Tradenames 8.0 years 1,665 (572) 1,093 Other 14.0 years 876 (171) 705 Total intangible assets, net $ 24,714 $ (18,995) $ 5,719 No impairment charges were recorded during the three and six months ended June 30, 2022 and 2021. As of June 30, 2022, estimated amortization related to the Company’s identifiable acquisition-related intangible assets in future periods was as follows: Year Amount (In thousands) Remainder of 2022 $ 3,433 2023 4,334 2024 3,490 2025 3,490 2026 3,490 Thereafter 9,983 Total $ 28,220

Long Term Debt

Long Term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long Term Debt	Long-Term Debt Convertible Notes On July 27, 2021, in connection with the closing of the Company’s IPO and pursuant to the terms of the Note Purchase Agreement, the Company exchanged $200 million aggregate principal amount of its senior subordinated secured notes due July 1, 2026 for $236 million aggregate principal amount of 2.95% Convertible Senior Notes due 2026 (the “Convertible Notes”), pursuant to an indenture, dated as of July 27, 2021 (the “Indenture”), between the Company and The Bank of New York Mellon, as trustee. The Convertible Notes will mature on July 27, 2026, unless earlier converted, redeemed or repurchased. Interest on the Convertible Notes accrues from July 27, 2021 an d is payable semi-annually in arrears on January 27 and July 27 of each year, beginning on January 27, 2022 , at a rate of 2.95% per year. The initial conversion rate for the Convertible Notes is 40 shares of the Company’s common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price o f $25 per share of the Company’s common stock), subject to adjustment. The Company may not redeem the Convertible Notes prio r to July 27, 2024. On or after July 27, 2024 , the Company may redeem for cash all or any portion of the Convertible Notes, at its option, if the last reported sale price of the common stock has been at lea st 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal t o 100% of the principal amount of the Convertible Notes to be redeemed plus accrued and unpaid interest to, but excluding, the redemption date. In addition, calling any Convertible Note for redemption will constitute a “make-whole fundamental change” (as defined in the Indenture) with respect to that Convertible Note, in which case the conversion rate applicable to the conversion of that Convertible Note will be increased if it is converted by holders after it is called for redemption. Holders may convert all or any portion of their Convertible Notes, in multiple s of $1,000 princip al amount, into shares of the Company’s common stock at any time until the second scheduled trading day immediately preceding the maturity date, at the conversion rate then in effect. The Company will settle conversions of the Convertible Notes by paying or delivering, as the case may be, cash, shares of common stock, or a combination thereof, at its election. Upon the occurrence of a fundamental change (as defined in the Indenture), subject to certain conditions, holders of the Convertible Notes may require the Company to repurchase for cash all or any portion of their Convertible Notes in principal amounts of $1,000 or an integral multiple thereof, at a repurchase price of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date. In addition, following certain corporate events that occur prior to the maturity date or if the Company delivers a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Convertible Notes in connection with such a corporate event or convert its Convertible Notes called for redemption during the related redemption period, as the case may be. The Indenture contains customary covenants and events of default. The Company was not required to bifurcate the embedded conversion feature and the Convertible Notes were not issued with a substantial premium. As such, the Company accounted for the Convertible Notes as a liability under the no proceeds allocated model. The Company calculates earnings per share using the if-converted method. Revolving Credit Facility On November 2, 2021, the Company entered into the Second Amended and Restated Loan and Security Agreement with Silicon Valley Bank (“SVB”) (the “2021 Revolving Credit Facility”), which provides, subject to borrowing availability and certain other conditions, for revolving loans in an aggregate principal amount of up to $75.0 million (the “Facility”), with a $15.0 million sub-facility for letters of credit. The Company’s borrowing availability under the Facility is calculated by reference to a borrowing base which is determined by specified percentages of eligible accounts receivable. The Facility will terminate on the earlier of (i) November 2, 2026 or (ii) 120 days prior to the maturity date of the Company’s 2.95% Convertible Senior Notes due 2026, unless the Convertible Notes have been converted to common equity securities of the Company. Outstanding loans under the Facility accrue interest, at the Company’s option, at a rate equal to either (a) a base rate minus an applicable margin ranging from 1.5% to 1.0% per annum or (b) LIBOR plus an applicable margin of 1.5% to 2.0% per annum, in each case based upon borrowing availability under the Facility. The undrawn portions of the commitments under the Facility are subject to a commitment fee at a rate ranging from 0.20% per annum to 0.30% per annum, based upon borrowing availability under the Facility. The 2021 Revolving Credit Facility contains representations and warranties, including, without limitation, with respect to collateral; accounts receivable; financials; litigation, indictment and compliance with laws; disclosure and no material adverse effect, each of which is a condition to funding. Additionally, the 2021 Revolving Credit Facility includes events of default and customary affirmative and negative covenants applicable to the Company and its subsidiaries, including, without limitation, restrictions on liens, indebtedness, investments, fundamental changes, dispositions, restricted payments and prepayment of the Convertible Notes and of junior indebtedness. The 2021 Revolving Credit Facility contains a financial covenant that requires, in the event that credit extensions under the Facility equal or exceed 85% of the available commitments under the Facility or upon the occurrence of an event of default, the Company to maintain a minimum consolidated monthly fixed charge coverage ratio of 1.00. The obligations of the Company, and the other subsidiary co-borrowers under the 2021 Revolving Credit Facility are secured by a first-priority lien on substantially all the assets of the Company and such other subsidiary co-borrowers. The Company was in compliance with all of the financial covenants under its 2021 Revolving Credit Facility as of June 30, 2022. As of June 30, 2022 and December 31, 2021, the Company had no borrowings outstanding under its revolving credit facilities and its available borrowing capacity was $74.4 million and $75.0 million, respectively, based on the defined borrowing formula. Other assets in the Company’s condensed consolidated balance sheets as of June 30, 2022 and December 31, 2021 included deferred financing costs of $0.5 million, which are being amortized over the term of the 2021 Revolving Credit Facility.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s interim provision for income taxes is determined based on its annual estimated effective tax rate, applied to the actual year-to-date income and adjusted for the tax effects of any discrete items. The Company’s effective tax rates for the three months ended June 30, 2022 and 2021 were (19.1)% and 5.1%, respectively. The Company’s effective tax rates for the six months ended June 30, 2022 and 2021 were (5.8)% and 8.6%, respectively. The Company’s effective tax rate for the three and six months ended June 30, 2022 was lower than the U.S. federal statutory tax rate of 21%, primarily due the tax impact related to the profitability of non-U.S. jurisdictions and certain non-deductible stock-based compensation expenses. The effective tax rate for the three and six months ended June 30, 2021 was lower than the U.S. federal statutory tax rate of 21%, primarily due to full valuation allowance recorded against the Company’s deferred tax assets in t he U.S. during the period, the majority of which was released during the fourth quarter of 2021.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings and Other Matters From time to time, the Company may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. In addition, the Company may receive letters alleging infringement of patent or other intellectual property rights. The Company is not currently a party to any material legal proceedings, nor is it aware of any pending or threatened litigation that, in its opinion, would have a material adverse effect on its business, operating results, cash flows or financial condition should such litigation be resolved unfavorably. On April 29, 2021, the Company was notified that the Antitrust Division of the U.S. Department of Justice is conducting a criminal investigation into the hiring practices in its industry that includes the Company. The Company is continuing to cooperate with the Antitrust Division. While there can be no assurance regarding the ultimate resolution of this matter, the Company does not believe that its conduct violated applicable law.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholder's Equity	Stockholders’ Equity Share Repurchases On February 28, 2022, the Company’s Board of Directors (“the Board”) approved a stock repurchase program under which the Company is authorized to purchase up to $30 million of the Company's common stock, par value $0.001 per share, with no requirement to purchase any minimum number of shares. The manner, timing, and actual number of shares repurchased under the program will depend on a variety of factors, including price, general business and market conditions, and other investment opportunities. Shares may be repurchased through privately negotiated transactions, or open market purchases, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act. The repurchase program may be commenced, suspended or terminated at any time by the Company at its discretion without prior notice. As of June 30, 2022, the remaining availability under our share repurchase program was $22.5 million. The Company’s stock repurchases for the periods presented were as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands, except share information) Shares repurchased under the $30 million share repurchase program 1,388,317 — 1,388,317 — Shares withheld for taxes (1) 38,864 — 156,501 26,344 Total shares repurchased 1,427,181 — 1,544,818 26,344 Value of shares repurchased under the $30 million share repurchase program $ 7,501 $ — $ 7,501 $ — Value of shares withheld for taxes (1) 353 — 2,071 249 Total value of shares repurchased $ 7,854 $ — $ 9,572 $ 249 ______________________ (1) Represents shares withheld to satisfy employee tax withholding obligations arising in connection with the vesting of restricted stock units and exercise of options and warrants in accordance with the terms of the Company’s equity incentive plans and the underlying award agreements.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation In July 2021, the Board and the Company’s stockholders approved the 2021 Long-Term Incentive Plan (the “2021 LTIP”), which became effective in connection with the closing of the Company’s IPO. The 2021 LTIP may be used to grant, among other award types, stock options, restricted share awards (“RSAs”) and restricted stock units (“RSUs”). The number of shares of common stock reserved for future issuance under the 2021 Plan will also be increased pursuant to provisions for annual automatic evergreen increases. The Company’s previous awards issued under its 2007 Omnibus Securities and Incentive Plan, as amended and restated on January 21, 2009 (“2007 Plan”), remain subject to the 2007 Plan. As of June 30, 2022, approximately 6,255,000 and 177,000 shares were available for grant under the 2021 LTIP and the 2007 Plan, respectively. The Company recognizes stock-based compensation for stock-based awards, including stock options, RSUs and stock appreciation rights (“SARs”) based on the estimated fair value of the awards. The Company estimates the fair value of its stock option awards on the grant date using the Black-Scholes option pricing model. The fair value of RSUs is the fair value of the Company’s common stock on the date of grant. The following table summarizes stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Research and development $ 756 $ 446 $ 1,293 $ 694 Sales and marketing 1,410 784 2,583 1,339 General and administrative 1,191 231 2,214 915 Total stock-based compensation $ 3,357 $ 1,461 $ 6,090 $ 2,948 As of June 30, 2022, the Company’s unrecognized stock-based compensation expense was $2.9 million for unvested stock options and $31.7 million for unvested RSUs. The following table summarizes stock option activity for the six months ended June 30, 2022: Stock Options Number of Shares Weighted- Average Exercise Price Outstanding—December 31, 2021 3,482,900 $8.11 Granted — $— Exercised (507,750) $4.50 Forfeited (62,403) $8.08 Outstanding—June 30, 2022 2,912,747 $8.74 Exercisable 2,290,136 $8.11 The following table summarizes RSU activity for the six months ended June 30, 2022: RSUs Number of Shares Weighted- Average Grant Date Fair Value Outstanding—December 31, 2021 1,848,142 $11.61 Granted 1,833,787 $10.00 Vested (475,811) $10.61 Forfeited (144,401) $11.40 Outstanding—June 30, 2022 3,061,717 $10.84 As of June 30, 2022 and December 31, 2021, 3,390 SARs awards were outstanding, which are accounted for as liability awards. Stock-Based Awards Granted Outside of Equity Incentive Plans Warrants The Company issued equity classified warrants to purchase shares of common stock to certain third-party advisors, consultants and financial institutions, which expire between 2024 and 2026. A s of June 30, 2022 and December 31, 2021, the Company had 188,235 and 376,470 warrants outstanding, respectively, with a weighted exercise price of $7.57 at June 30, 2022, reflecting 188,235 warrants exercised during the six months ended June 30, 2022. Employee Stock Purchase Plan In July 2021, the Board and the Company’s stockholders approved a new 2021 Employee Stock Purchase Plan (the “ESPP”), which became effective in connection with the closing of the Company’s IPO. A total of approximately 1,830,000 shares of the Company’s common stock have been reserved for issuance under the ESPP, which is subject to annual automatic evergreen increases. As of June 30, 2022, no shares were purchased under the ESPP as it is not yet effective.

Net (Loss) Income Per Common Sh

Net (Loss) Income Per Common Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net (Loss) Income Per Common Share	Net (Loss) Income Per Common Share The following table sets forth basic and diluted net (loss) income per share for the periods presented. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands, except share and per share data) Numerator: Basic and diluted: Net (loss) income $ (10,318) $ 15,201 $ (12,208) $ 25,947 Less: undistributed earnings allocated to participating securities — (9,255) — (15,798) Net (loss) income attributable to common stockholders $ (10,318) $ 5,946 $ (12,208) $ 10,149 Denominator: Basic weighted-average shares used in computing net (loss) income attributable to common stockholders 57,590,308 17,519,243 57,414,636 17,371,162 Weighted average dilutive share equivalents: Stock options, Warrants, RSAs and RSUs — 3,417,911 — 2,643,791 Diluted weighted-average shares used in computing net (loss) income attributable to common stockholders 57,590,308 20,937,154 57,414,636 20,014,953 Net (loss) income per share attributable to common stockholders: Basic $ (0.18) $ 0.34 $ (0.21) $ 0.58 Diluted $ (0.18) $ 0.28 $ (0.21) $ 0.51 The following weighted average shares have been excluded from the calculation of diluted (loss) income per share attributable to common stockholders for each period presented because they are anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Convertible preferred stock — 27,652,449 — 27,652,449 Options to purchase common stock 2,912,747 1,050,000 2,912,747 1,050,000 Warrants 188,235 — 188,235 — Restricted stock units 3,061,717 133,630 3,061,717 116,971 Convertible notes 9,440,000 — 9,440,000 — Total shares excluded from diluted (loss) income per share 15,602,699 28,836,079 15,602,699 28,819,420

Organization, Description of _2

Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and are unaudited. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 18, 2022 (“2021 Form 10-K”).
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates and judgments are based on historical information and on various other assumptions that the Company believes are reasonable under the circumstances. Estimates and assumptions made in the accompanying condensed consolidated financial statements include, but are not limited to, the allowance for credit losses, sales allowance, software development costs eligible for capitalization, valuation of deferred tax assets, the useful lives of property and equipment, the useful lives and fair value of intangible assets and goodwill, the fair value of stock-based awards, and the recognition and measurement of income tax uncertainties and other contingencies. Actual results could differ materially from these estimates.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior periods’ financial information in order to conform to the current period’s presentation.
Certain Risks and Concentrations	Certain Risks and Concentrations Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, restricted cash and accounts receivable. The Company’s cash and cash equivalents and restricted cash are generally invested in high-credit quality financial instruments with both banks and financial institutions to reduce the amount of exposure to any single financial institution. The Company generally does not require collateral to secure its accounts receivable. No single marketer accounted for 10% or more of the Company’s total revenue for t he three and six months ended June 30, 2022 or 2021, or for 10% or more of its gross accounts receivable balance as of June 30, 2022 or December 31, 2021. During the three and six months ended June 30, 2022, none of the Company’s media owners accounted for 10% or more of its total traffic acquisition costs. For the three and six months ended June 30, 2021, one media owner accounted for approximately 10% and 11%, respectively, of the Company’s total traffic acquisition costs.
Segment Information	Segment Information The Company has one operating and reporting segment. The Company’s chief operating decision maker is its Co-Chief Executive Officer who makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis.
New Accounting Pronouncements	New Accounting Pronouncements Under the JOBS Act, the Company meets the definition of an emerging growth company and can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the Company is no longer an emerging growth company or until the Company affirmatively and irrevocably opts out of the extended transition period. Recently Adopted Accounting Pronouncements Leases In February 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU 2016-02, “Leases (Topic 842)”, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). This comprehensive new standard amends and supersedes existing lease accounting guidance and is intended to increase transparency and comparability by recognizing right-of-use (“ROU”) lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. In July 2018, this guidance was amended to allow companies to use the beginning of the period in which this standard is adopted as the date of initial application. The Company adopted Topic 842 on January 1, 2022 using the transition election allowing it not to restate prior periods. As such, results for reporting periods beginning on January 1, 2022 are presented under Topic 842, while prior period amounts continue to be reported in accordance with the Company’s historical accounting treatment under ASC 840, Leases. The Company elected the package of practical expedients permitted under the transition guidance, which allows it not to reassess its prior conclusions about lease identification, lease classification and initial direct costs. In addition, the Company elected not to separate the lease and non-lease components for its real estate leases and not to recognize lease assets and liabilities for operating leases with initial terms of 12 months or less. The Company did not elect the “hindsight” practical expedient. The Company uses its incremental borrowing rate to determine the present value of lease payments, as the Company’s leases do not have a readily determinable implicit discount rate. The incremental borrowing rate is the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and amount in a similar economic environment. Upon adoption, the Company recognized operating right-of-use assets of $14.8 million and operating lease liabilities of $15.2 million in its consolidated balance sheet as of January 1, 2022. In addition, the Company reclassified deferred rent and lease incentives as a component of right-of-use assets. The adoption of the new lease standard did not have a material impact the Company’s results of operations or cash flows and there was no cumulative-effect adjustment to the opening balance of retained earnings. Credit Losses In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326),” which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires consideration of forward-looking information to calculate credit loss estimates. These changes result in an earlier recognition of credit losses. The Company's financial assets held at amortized cost include accounts receivable. The amendments in ASU 2020-05, “Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities,” deferred the effective date for Topic 326 to fiscal years beginning after December 15, 2 022. The Company early adopted ASU 2016-13 as of January 1, 2022, using the adoption method based on the aging schedules of accounts receivable. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. See Note 1 to the Company’s audited consolidated financial statements for the year ended December 31, 2021 in the Company’s 2021 Form 10-K for a complete disclosure of the Company’s significant accounting policies.
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit LossesThe allowance for credit losses is based on the best estimate of the amount of probable credit losses in accounts receivable. The allowance for credit losses is determined based on historical collection experience, reasonable and supportable forecasted information, and any applicable market conditions. The allowance for credit losses also takes into consideration the Company’s current customer information, collection history, and other relevant data. The Company reviews the allowance for credit losses on a quarterly basis. Account balances are written off against the allowance when it is deemed probable that the receivable will not be recovered.
Leases	The Company leases certain equipment and computers under finance lease arrangements, as well as office facilities and managed data center facilities under non-cancelable operating lease arrangements for its U.S. and international locations that expire on various dates through 2031. These arrangements require the Company to pay certain operating expenses, such as taxes, repairs and insurance and contain renewal and escalation clauses. The Company’s options to extend or terminate a lease are not included in the lease terms, unless the Company is reasonably certain it will exercise that option. The Company’s leases generally do not contain any material restrictive covenants. The Company’s minimum lease payments include fixed payments for non-lease components included in the lease agreement, but exclude variable lease payments that are not dependent on an index or rate, such as common area maintenance, operating expenses, utilities, or other costs that are subject to fluctuations from period to period. Non-lease components that are variable in nature are recorded as variable lease expenses in the period incurred.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Total Revenue by Physical Location of Marketers	The following table presents total revenue based on where the Company’s marketers are physically located: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) USA $ 85,079 $ 92,991 $ 170,656 $ 171,078 Europe, the Middle East and Africa (EMEA) 140,293 126,033 279,968 252,578 Other 25,511 28,129 54,475 51,521 Total revenue $ 250,883 $ 247,153 $ 505,099 $ 475,177

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the total purchase consideration as of the acquisition date: January 5, 2022 (In thousands) Cash consideration paid on acquisition date $ 37,311 Fair value of deferred consideration payable in cash 10,936 Fair value of contingent consideration payable 547 Stock consideration 4,190 Total consideration $ 52,984
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The allocation of the purchase price to the identifiable assets and liabilities based on their estimated fair values as of the acquisition date was as follows: January 5, 2022 (In thousands) Cash and cash equivalents $ 2,787 Accounts receivable 3,849 Prepaid expenses and other current assets 995 Property and equipment, net 43 Publisher relationships 10,783 Customer relationships 732 Content provider relationships 284 Technology intangibles 9,985 Tradenames 3,704 Accounts payable (2,571) Accrued and other liabilities (2,768) Deferred tax liability (5,021) Net assets acquired 22,802 Goodwill 30,182 Total $ 52,984

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy: June 30, 2022 Level I Level II Level III Total (In thousands) Financial Assets: Restricted time deposit (1) $ — $ 179 $ — $ 179 Severance pay fund deposits (1) $ — $ 5,545 $ — $ 5,545 Total financial assets $ — $ 5,724 $ — $ 5,724 Financial Liabilities: Foreign currency forward contract (2) $ — $ 3,333 $ — $ 3,333 Total financial liabilities $ — $ 3,333 $ — $ 3,333 December 31, 2021 Level I Level II Level III Total (In thousands) Financial Assets: Restricted time deposit (1) $ — $ 195 $ — $ 195 Severance pay fund deposits (1) $ — $ 6,086 $ — $ 6,086 Foreign currency forward contract (3) $ — $ 741 $ — $ 741 Total financial assets $ — $ 7,022 $ — $ 7,022 _____________________ (1) Recorded within other assets (2) Recorded within accrued and other current liabilities (3) Recorded within prepaid expenses and other current assets
Schedule of Fair Value, Liabilities Measured on Nonrecurring Basis	The following table summarizes the carrying value and the estimated fair value of the Company’s Convertible Notes, based on Level II measurements of the fair value hierarchy: June 30, 2022 December 31, 2021 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value (In thousands) Convertible Notes $ 236,000 $ 188,257 $ 236,000 $ 234,348

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Net of Allowance	Accounts receivable, net of allowance for credit losses consists of the following: June 30, 2022 December 31, 2021 (In thousands) Accounts receivable $ 185,212 $ 197,216 Allowance for credit losses (4,801) (4,402) Accounts receivable, net of allowance for credit losses $ 180,411 $ 192,814
Activity in Allowance for Credit Losses	The allowance for credit losses consists of the following activity: Six Months Ended June 30, 2022 Year Ended December 31, 2021 (In thousands) Allowance for credit losses, beginning balance $ 4,402 $ 4,174 Provision for credit losses, net of recoveries 846 2,601 Write-offs (447) (2,373) Allowance for credit losses, ending balance $ 4,801 $ 4,402
Property, Equipment and Capitalized Software, Net	Property, equipment and capitalized software, net consists of the following: June 30, 2022 December 31, 2021 (In thousands) Computer equipment $ 51,702 $ 43,316 Capitalized software development costs 60,872 54,233 Software 2,509 2,817 Leasehold improvements 1,174 1,547 Furniture and fixtures 208 83 Property, equipment and capitalized software, gross 116,465 101,996 Less: accumulated depreciation and amortization (82,367) (73,988) Total property, equipment and capitalized software, net $ 34,098 $ 28,008
Accrued and Other Current Liabilities	Accrued and other current liabilities consists of the following: June 30, 2022 December 31, 2021 (In thousands) Accrued traffic acquisition costs $ 73,241 $ 60,274 Acquisition consideration payable 11,747 — Accrued tax liabilities 11,323 9,240 Accrued agency commissions 10,669 10,639 Accrued professional fees 4,862 6,569 Operating lease obligations, current 3,823 — Foreign currency forward contract 3,333 — Interest payable 3,074 3,094 Finance lease obligations, current 2,256 3,069 Other 6,468 6,705 Total accrued and other current liabilities $ 130,796 $ 99,590

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Operating and Financing Leases, Assets and Liabilities	The following table summarizes assets and liabilities related to the Company’s operating and finance leases: Condensed Consolidated Balance Sheet Location June 30, 2022 (In thousands) Lease assets Operating leases Operating lease right-of-use assets, net $ 12,846 Finance leases Property, equipment and capitalized software, net 3,073 Total lease assets $ 15,919 Lease liabilities Current liabilities: Operating leases Accrued and other current liabilities $ 3,823 Finance leases Accrued and other current liabilities 2,256 Non-current liabilities: Operating leases Operating lease liabilities, non-current 9,766 Finance leases Other liabilities 1,025 Total lease liabilities $ 16,870
Lease costs	The following table presents the components of the Company’s total lease expense: Condensed Consolidated Statements of Operations Location Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (In thousands) Operating lease cost Fixed lease costs Cost of revenue and operating expenses $ 965 $ 2,133 Variable lease costs Operating Expenses 32 62 Short-term lease costs Cost of revenue and operating expenses 134 274 Financing lease cost: Depreciation Cost of revenue 803 1,746 Interest Interest expense 71 159 Total lease cost $ 2,005 $ 4,374 The following table summarizes weighted-average lease terms and discount rates for the Company’s leases: June 30, 2022 Weighted-average remaining lease term (in years) Operating leases 4.26 years Finance leases 1.42 years Weighted-average discount rate Operating leases 5.26% Finance leases 7.38% Supplemental cash flow information related to leases is as follows: Six Months Ended June 30, 2022 (In thousands) Cash paid for amounts included in measurement of lease liabilities: Operating cash outflows from operating leases $ 1,936 Cash flows from finance leases $ 1,871 New operating lease assets obtained in exchange for new lease obligations $ 503
Lease Liabilities Under Financing Leases	As of June 30, 2022, the maturities of the Company's lease liabilities under operating and finance leases were as follows: Year Operating Leases Finance Leases (in thousands) Remainder of 2022 $ 2,498 $ 1,369 2023 3,569 1,741 2024 3,196 257 2025 3,176 — 2026 1,545 — Thereafter 1,175 — Total minimum payments required $ 15,159 $ 3,367 Less: imputed interest (1,570) (86) Total present value of lease liabilities $ 13,589 $ 3,281
Lease Liabilities Under Operating Leases	As of June 30, 2022, the maturities of the Company's lease liabilities under operating and finance leases were as follows: Year Operating Leases Finance Leases (in thousands) Remainder of 2022 $ 2,498 $ 1,369 2023 3,569 1,741 2024 3,196 257 2025 3,176 — 2026 1,545 — Thereafter 1,175 — Total minimum payments required $ 15,159 $ 3,367 Less: imputed interest (1,570) (86) Total present value of lease liabilities $ 13,589 $ 3,281
Aggregate Future Non-cancelable Minimum Lease Payments	As of December 31, 2021, prior to the adoption of Topic 842, future minimum lease payments under the Company’s non-cancelable operating leases and capital leases were as follows: Year Ending December 31: Operating Leases Capital Leases (In thousands) 2022 $ 4,214 $ 3,329 2023 3,128 1,741 2024 2,768 257 2025 2,630 — 2026 1,399 — Thereafter 929 — Total minimum payments required $ 15,068 $ 5,327
Aggregate Future Non-cancelable Minimum Lease Payments	As of December 31, 2021, prior to the adoption of Topic 842, future minimum lease payments under the Company’s non-cancelable operating leases and capital leases were as follows: Year Ending December 31: Operating Leases Capital Leases (In thousands) 2022 $ 4,214 $ 3,329 2023 3,128 1,741 2024 2,768 257 2025 2,630 — 2026 1,399 — Thereafter 929 — Total minimum payments required $ 15,068 $ 5,327

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying value of the Company’s goodwill balance was as follows: June 30, 2022 December 31, 2021 (In thousands) Goodwill, opening balance $ 32,881 $ 32,881 Acquisition of vi 30,182 — Goodwill, closing balance $ 63,063 $ 32,881
Schedule of Finite-Lived Intangible Assets	The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows: As of June 30, 2022 Weighted Average Amortization Gross Value Accumulated Net Carrying (In thousands) Developed technology 5.8 years $ 18,411 $ (9,028) $ 9,383 Customer relationships 4.1 years 6,393 (4,896) 1,497 Publisher relationships 6.3 years 19,828 (8,000) 11,828 Tradenames 8.7 years 5,495 (927) 4,568 Content Provider Relationships 5.0 years 284 (27) 257 Other 14.0 years 885 (198) 687 Total intangible assets, net $ 51,296 $ (23,076) $ 28,220 As of December 31, 2021 Weighted Average Amortization Gross Value Accumulated Net Carrying (In thousands) Developed technology 3.2 years $ 8,425 $ (8,425) $ — Customer relationships 4.0 years 5,345 (4,050) 1,295 Publisher relationships 4.0 years 8,403 (5,777) 2,626 Tradenames 8.0 years 1,665 (572) 1,093 Other 14.0 years 876 (171) 705 Total intangible assets, net $ 24,714 $ (18,995) $ 5,719
Schedule of Estimated Amortization on Identifiable Acquisition-Related Intangible Assets	As of June 30, 2022, estimated amortization related to the Company’s identifiable acquisition-related intangible assets in future periods was as follows: Year Amount (In thousands) Remainder of 2022 $ 3,433 2023 4,334 2024 3,490 2025 3,490 2026 3,490 Thereafter 9,983 Total $ 28,220

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Stock Repurchase Program	The Company’s stock repurchases for the periods presented were as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands, except share information) Shares repurchased under the $30 million share repurchase program 1,388,317 — 1,388,317 — Shares withheld for taxes (1) 38,864 — 156,501 26,344 Total shares repurchased 1,427,181 — 1,544,818 26,344 Value of shares repurchased under the $30 million share repurchase program $ 7,501 $ — $ 7,501 $ — Value of shares withheld for taxes (1) 353 — 2,071 249 Total value of shares repurchased $ 7,854 $ — $ 9,572 $ 249 ______________________ (1) Represents shares withheld to satisfy employee tax withholding obligations arising in connection with the vesting of restricted stock units and exercise of options and warrants in accordance with the terms of the Company’s equity incentive plans and the underlying award agreements.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation	The following table summarizes stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (in thousands) Research and development $ 756 $ 446 $ 1,293 $ 694 Sales and marketing 1,410 784 2,583 1,339 General and administrative 1,191 231 2,214 915 Total stock-based compensation $ 3,357 $ 1,461 $ 6,090 $ 2,948
Share-based Payment Arrangement, Option, Activity	The following table summarizes stock option activity for the six months ended June 30, 2022: Stock Options Number of Shares Weighted- Average Exercise Price Outstanding—December 31, 2021 3,482,900 $8.11 Granted — $— Exercised (507,750) $4.50 Forfeited (62,403) $8.08 Outstanding—June 30, 2022 2,912,747 $8.74 Exercisable 2,290,136 $8.11
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following table summarizes RSU activity for the six months ended June 30, 2022: RSUs Number of Shares Weighted- Average Grant Date Fair Value Outstanding—December 31, 2021 1,848,142 $11.61 Granted 1,833,787 $10.00 Vested (475,811) $10.61 Forfeited (144,401) $11.40 Outstanding—June 30, 2022 3,061,717 $10.84

Net (Loss) Income Per Common _2

Net (Loss) Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth basic and diluted net (loss) income per share for the periods presented. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands, except share and per share data) Numerator: Basic and diluted: Net (loss) income $ (10,318) $ 15,201 $ (12,208) $ 25,947 Less: undistributed earnings allocated to participating securities — (9,255) — (15,798) Net (loss) income attributable to common stockholders $ (10,318) $ 5,946 $ (12,208) $ 10,149 Denominator: Basic weighted-average shares used in computing net (loss) income attributable to common stockholders 57,590,308 17,519,243 57,414,636 17,371,162 Weighted average dilutive share equivalents: Stock options, Warrants, RSAs and RSUs — 3,417,911 — 2,643,791 Diluted weighted-average shares used in computing net (loss) income attributable to common stockholders 57,590,308 20,937,154 57,414,636 20,014,953 Net (loss) income per share attributable to common stockholders: Basic $ (0.18) $ 0.34 $ (0.21) $ 0.58 Diluted $ (0.18) $ 0.28 $ (0.21) $ 0.51
Schedule of Weighted Average Shares Excluded From Calculation of Diluted Income (Loss) Per Share	The following weighted average shares have been excluded from the calculation of diluted (loss) income per share attributable to common stockholders for each period presented because they are anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Convertible preferred stock — 27,652,449 — 27,652,449 Options to purchase common stock 2,912,747 1,050,000 2,912,747 1,050,000 Warrants 188,235 — 188,235 — Restricted stock units 3,061,717 133,630 3,061,717 116,971 Convertible notes 9,440,000 — 9,440,000 — Total shares excluded from diluted (loss) income per share 15,602,699 28,836,079 15,602,699 28,819,420

Organization, Description of _3

Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements - Certain Risks and Concentrations (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Revenue Benchmark | Customer Concentration Risk | Customer A
Concentration Risk [Line Items]
Concentration risk, percentage	10%	11%

Organization, Description of _4

Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements - Segment Information (Details)	6 Months Ended
	Jun. 30, 2022 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1
Number of operating segments	1

Organization, Description of _5

Organization, Description of Business, Basis of Presentation, Use of Estimates and Recently Adopted Accounting Pronouncements - New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jan. 01, 2022	Dec. 31, 2021
New Accounting Pronouncements [Line Items]
Operating lease right of use assets	$ 12,846		$ 0
Operating lease liabilities	$ 13,589
Accounting Standards Update 2016-02
New Accounting Pronouncements [Line Items]
Operating lease right of use assets		$ 14,800
Operating lease liabilities		$ 15,200

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 250,883	$ 247,153	$ 505,099	$ 475,177
USA
Disaggregation of Revenue [Line Items]
Revenue	85,079	92,991	170,656	171,078
Europe, the Middle East and Africa (EMEA)
Disaggregation of Revenue [Line Items]
Revenue	140,293	126,033	279,968	252,578
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 25,511	$ 28,129	$ 54,475	$ 51,521

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 0	$ 0

Acquisition - Consideration Tra

Acquisition - Consideration Transferred (Details) - Video Intelligence AG $ in Thousands	Jan. 05, 2022 USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Cash consideration paid on acquisition date	$ 37,311
Fair value of deferred consideration payable in cash	10,936
Fair value of contingent consideration payable	547
Stock consideration	4,190
Total consideration	$ 52,984

Acquisition - Purchase Price, I

Acquisition - Purchase Price, Identifiable Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jan. 05, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 63,063		$ 32,881	$ 32,881
Video Intelligence AG
Business Acquisition [Line Items]
Cash and cash equivalents		$ 2,787
Accounts receivable		3,849
Prepaid expenses and other current assets		995
Property and equipment, net		43
Accounts payable		(2,571)
Accrued and other liabilities		(2,768)
Deferred tax liability		(5,021)
Net assets acquired		22,802
Goodwill		30,182
Total		52,984
Video Intelligence AG | Publisher relationships
Business Acquisition [Line Items]
Intangible assets		10,783
Video Intelligence AG | Customer relationships
Business Acquisition [Line Items]
Intangible assets		732
Video Intelligence AG | Content provider relationships
Business Acquisition [Line Items]
Intangible assets		284
Video Intelligence AG | Technology intangibles
Business Acquisition [Line Items]
Intangible assets		9,985
Video Intelligence AG | Tradenames
Business Acquisition [Line Items]
Intangible assets		$ 3,704

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
	Jan. 05, 2022	Jun. 30, 2022	Dec. 31, 2021
Publisher relationships
Business Acquisition [Line Items]
Estimated useful lives of acquired assets		6 years 3 months 18 days	4 years
Technology intangibles
Business Acquisition [Line Items]
Estimated useful lives of acquired assets		5 years 9 months 18 days	3 years 2 months 12 days
Customer relationships
Business Acquisition [Line Items]
Estimated useful lives of acquired assets		4 years 1 month 6 days	4 years
Content provider relationships
Business Acquisition [Line Items]
Estimated useful lives of acquired assets		5 years
Tradenames
Business Acquisition [Line Items]
Estimated useful lives of acquired assets		8 years 8 months 12 days	8 years
Video Intelligence AG
Business Acquisition [Line Items]
Acquisition purchase price	$ 52,984
Cash consideration paid on acquisition date	$ 37,311
Equity portion of purchase price (in shares)	355,786
Stock consideration	$ 4,190
Acquisition transaction costs		$ 200
Contingent consideration payable, change in fair value		400
Video Intelligence AG | Estimated Fair Value
Business Acquisition [Line Items]
Acquisition consideration payable		$ 900
Video Intelligence AG | Maximum
Business Acquisition [Line Items]
Acquisition purchase price	$ 55,000
Video Intelligence AG | Publisher relationships
Business Acquisition [Line Items]
Estimated useful lives of acquired assets	8 years
Intangible assets	$ 10,783
Video Intelligence AG | Technology intangibles
Business Acquisition [Line Items]
Estimated useful lives of acquired assets	8 years
Intangible assets	$ 9,985
Video Intelligence AG | Customer relationships
Business Acquisition [Line Items]
Estimated useful lives of acquired assets	5 years
Intangible assets	$ 732
Video Intelligence AG | Content provider relationships
Business Acquisition [Line Items]
Estimated useful lives of acquired assets	5 years
Intangible assets	$ 284
Video Intelligence AG | Tradenames
Business Acquisition [Line Items]
Estimated useful lives of acquired assets	9 years
Intangible assets	$ 3,704

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		$ 741
Total financial assets	$ 5,724	7,022
Foreign currency forward contract	3,333
Total financial liabilities	3,333
Restricted time deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	179	195
Severance pay fund deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	5,545	6,086
Level I
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		0
Total financial assets	0	0
Foreign currency forward contract	0
Total financial liabilities	0
Level I | Restricted time deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	0	0
Level I | Severance pay fund deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	0	0
Level II
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		741
Total financial assets	5,724	7,022
Foreign currency forward contract	3,333
Total financial liabilities	3,333
Level II | Restricted time deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	179	195
Level II | Severance pay fund deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	5,545	6,086
Level III
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		0
Total financial assets	0	0
Foreign currency forward contract	0
Total financial liabilities	0
Level III | Restricted time deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	0	0
Level III | Severance pay fund deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other assets	$ 0	$ 0

Fair Value Measurements - Fin_2

Fair Value Measurements - Financial Liabilities Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jul. 27, 2021
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	$ 236,000	$ 236,000
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Notes	$ 188,257	$ 234,348
Convertible notes | 2.95% Convertible Senior Notes Due 2026
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate			2.95%

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreign currency forward contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gain (loss) on mark-to-market adjustments	$ (3.3)	$ 0.7	$ (4.1)	$ (0.6)

Balance Sheet Components - Acco

Balance Sheet Components - Accounts Receivable, Net of Allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable	$ 185,212	$ 197,216
Allowance for credit losses	(4,801)	(4,402)	$ (4,174)
Accounts receivable, net of allowance for credit losses	$ 180,411	$ 192,814

Balance Sheet Components - Allo

Balance Sheet Components - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses, beginning balance	$ 4,402	$ 4,174
Provision for credit losses, net of recoveries	846	2,601
Write-offs	(447)	(2,373)
Allowance for credit losses, ending balance	$ 4,801	$ 4,402

Balance Sheet Components - Prop

Balance Sheet Components - Property, Equipment and Capitalized Software (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, equipment and capitalized software, gross	$ 116,465	$ 101,996
Less: accumulated depreciation and amortization	(82,367)	(73,988)
Total property, equipment and capitalized software, net	34,098	28,008
Computer equipment
Property, Plant and Equipment [Line Items]
Property, equipment and capitalized software, gross	51,702	43,316
Capitalized software development costs
Property, Plant and Equipment [Line Items]
Property, equipment and capitalized software, gross	60,872	54,233
Software
Property, Plant and Equipment [Line Items]
Property, equipment and capitalized software, gross	2,509	2,817
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, equipment and capitalized software, gross	1,174	1,547
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, equipment and capitalized software, gross	$ 208	$ 83

Balance Sheet Components - Accr

Balance Sheet Components - Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued traffic acquisition costs	$ 73,241	$ 60,274
Acquisition consideration payable	11,747	0
Accrued tax liabilities	11,323	9,240
Accrued agency commissions	10,669	10,639
Accrued professional fees	4,862	6,569
Operating lease obligations, current	3,823	0
Foreign currency forward contract	3,333	0
Interest payable	3,074	3,094
Finance lease obligations, current	2,256	3,069
Other	6,468	6,705
Total accrued and other current liabilities	130,796	99,590
Traffic acquisition costs in accounts payable	$ 119,700	$ 147,400

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Lease assets
Operating leases	$ 12,846	$ 0
Finance leases	$ 3,073
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued And Other Liabilities, Current
Total lease assets	$ 15,919
Lease liabilities
Operating lease obligations, current	3,823	0
Finance lease obligations, current	$ 2,256	3,069
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued And Other Liabilities, Current
Operating lease liabilities, non-current	$ 9,766	$ 0
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Finance leases	$ 1,025
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, equipment and capitalized software, net
Total lease liabilities	$ 16,870

Leases - Lease Expense Componen

Leases - Lease Expense Components (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Leases [Abstract]
Fixed lease costs	$ 965	$ 2,133
Variable lease costs	32	62
Short-term lease costs	134	274
Depreciation	803	1,746
Interest	71	159
Total lease cost	$ 2,005	$ 4,374

Leases - Future Lease Payments

Leases - Future Lease Payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Operating Leases
Remainder of 2022	$ 2,498
2023	3,569
2024	3,196
2025	3,176
2026	1,545
Thereafter	1,175
Total minimum payments required	15,159
Less: imputed interest	(1,570)
Total present value of lease liabilities	13,589
Finance Leases
Remainder of 2022	1,369
2023	1,741
2024	257
2025	0
2026	0
Thereafter	0
Total minimum payments required	3,367
Less: imputed interest	(86)
Total present value of lease liabilities	$ 3,281

Leases - Weighted Average Lease

Leases - Weighted Average Lease Terms and Discount Rates (Details)	Jun. 30, 2022
Leases [Abstract]
Weighted average remaining lease term, operating leases (in years)	4 years 3 months 3 days
Weighted average remaining lease term, finance leases (in years)	1 year 5 months 1 day
Weighted average discount rate, operating leases	5.26%
Weighted average discount rate, finance leases	7.38%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Leases [Abstract]
Operating cash outflows from operating leases	$ 1,936
Cash flows from finance leases	1,871
New operating lease assets obtained in exchange for new lease obligations	$ 503

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Operating Leases
2022		$ 4,214
2023		3,128
2024		2,768
2025		2,630
2026		1,399
Thereafter		929
Total minimum payments required		15,068
Capital Leases
2022		3,329
2023		1,741
2024		257
2025		0
2026		0
Thereafter		0
Total minimum payments required		$ 5,327
Future operating leases payments, not yet commenced	$ 2,300
Lease term	10 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 63,063		$ 63,063		$ 32,881	$ 32,881
Accumulated impairments of goodwill	0		0		$ 0
Impairment charges	$ 0	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, opening balance	$ 32,881	$ 32,881
Acquisition of vi	30,182	0
Goodwill, closing balance	$ 63,063	$ 32,881

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Value	$ 51,296	$ 24,714
Accumulated Amortization	(23,076)	(18,995)
Net Carrying Value	$ 28,220	$ 5,719
Developed technology
Finite-Lived Intangible Assets [Line Items]
Amortization Period	5 years 9 months 18 days	3 years 2 months 12 days
Gross Value	$ 18,411	$ 8,425
Accumulated Amortization	(9,028)	(8,425)
Net Carrying Value	$ 9,383	$ 0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortization Period	4 years 1 month 6 days	4 years
Gross Value	$ 6,393	$ 5,345
Accumulated Amortization	(4,896)	(4,050)
Net Carrying Value	$ 1,497	$ 1,295
Publisher relationships
Finite-Lived Intangible Assets [Line Items]
Amortization Period	6 years 3 months 18 days	4 years
Gross Value	$ 19,828	$ 8,403
Accumulated Amortization	(8,000)	(5,777)
Net Carrying Value	$ 11,828	$ 2,626
Tradenames
Finite-Lived Intangible Assets [Line Items]
Amortization Period	8 years 8 months 12 days	8 years
Gross Value	$ 5,495	$ 1,665
Accumulated Amortization	(927)	(572)
Net Carrying Value	$ 4,568	$ 1,093
Content Provider Relationships
Finite-Lived Intangible Assets [Line Items]
Amortization Period	5 years
Gross Value	$ 284
Accumulated Amortization	(27)
Net Carrying Value	$ 257
Other
Finite-Lived Intangible Assets [Line Items]
Amortization Period	14 years	14 years
Gross Value	$ 885	$ 876
Accumulated Amortization	(198)	(171)
Net Carrying Value	$ 687	$ 705

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 3,433
2023	4,334
2024	3,490
2025	3,490
2026	3,490
Thereafter	9,983
Net Carrying Value	$ 28,220	$ 5,719

Long Term Debt - Convertible No

Long Term Debt - Convertible Notes (Details)	Jul. 27, 2021 USD ($) day $ / shares
Convertible notes | 2.95% Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Aggregate principal amount | $	$ 236,000,000
Interest rate	2.95%
Conversion price (in usd per share) | $ / shares	$ 25
Threshold percentage of stock price trigger	130%
Threshold trading days | day	20
Threshold consecutive trading days | day	30
Redemption price, percentage	100%
Conversion rate	0.04
Secured Notes | Senior Subordinated Secured Notes Due July 1, 2026
Debt Instrument [Line Items]
Amount of debt extinguished | $	$ 200,000,000

Long Term Debt - Revolving Cred

Long Term Debt - Revolving Credit Facility (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 02, 2021 USD ($)
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 75,000,000
Borrowings outstanding	$ 0	$ 0
Available borrowing capacity	74,400,000	75,000,000
Deferred debt issuance costs	$ 500,000	$ 500,000
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 15,000,000
2021 Revolving Credit Facility
Line of Credit Facility [Line Items]
Period prior to maturity date of convertible notes	120 days
Percentage of available commitments	85%
Minimum consolidated monthly fixed charge coverage ratio	1
2021 Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.20%
2021 Revolving Credit Facility | Minimum | LIBOR
Line of Credit Facility [Line Items]
Margin rate	1.50%
2021 Revolving Credit Facility | Minimum | Base Rate
Line of Credit Facility [Line Items]
Margin rate	1%
2021 Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.30%
2021 Revolving Credit Facility | Maximum | LIBOR
Line of Credit Facility [Line Items]
Margin rate	2%
2021 Revolving Credit Facility | Maximum | Base Rate
Line of Credit Facility [Line Items]
Margin rate	1.50%

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	(19.10%)	5.10%	(5.80%)	8.60%

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2022	Feb. 28, 2022	Dec. 31, 2021
Equity [Abstract]
Stock repurchase program, authorized amount		$ 30
Common stock, par value (in usd per share)	$ 0.001		$ 0.001
Stock repurchase program, remaining authorized repurchase amount	$ 22.5

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Stock Repurchase Program (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Shares repurchased under the $30 million share repurchase program (in shares)	1,388,317	0	1,388,317	0
Shares withheld to taxes (in shares)	38,864	0	156,501	26,344
Total shares repurchased (in shares)	1,427,181	0	1,544,818	26,344
Value of shares repurchased under the $30 million share repurchase program	$ 7,501	$ 0	$ 7,501	$ 0
Value of shares withheld for taxes	353	0	2,071	249
Total value of shares repurchased	$ 7,854	$ 0	$ 9,572	$ 249

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Jul. 27, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 3,357	$ 1,461	$ 6,090	$ 2,948
Warrants outstanding (in shares)	188,235		188,235		376,470
Weighted average exercise price of warrants (in usd per share)	$ 7.57		$ 7.57
Number of warrants exercised (in shares)			188,235
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	$ 2,900		$ 2,900
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	$ 31,700		$ 31,700
SAR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding (in shares)	3,390		3,390		3,390
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance under the 2021 L TIP (in shares)						1,830,000
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	6,255,000		6,255,000
2007 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	177,000		177,000

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 3,357	$ 1,461	$ 6,090	$ 2,948
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	756	446	1,293	694
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	1,410	784	2,583	1,339
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 1,191	$ 231	$ 2,214	$ 915

Stock-based Compensation - Awar

Stock-based Compensation - Award Activity (Details) - $ / shares	6 Months Ended
	Jun. 30, 2022
Number of Shares
Outstanding - beginning of period (in shares)	3,482,900
Granted (in shares)	0
Exercised (in shares)	507,750
Forfeited (in shares)	62,403
Outstanding - end of period (in shares)	2,912,747
Exercisable (in shares)	2,290,136
Weighted- Average Exercise Price
Outstanding - beginning of period (in usd per share)	$ 8.11
Granted (in usd per share)	0
Exercised (in usd per share)	4.50
Forfeited (in usd per share)	8.08
Outstanding - end of period (in usd per share)	8.74
Exercisable (in usd per share)	$ 8.11
RSAs and RSUs
Number of Shares
Outstanding - beginning of period (in shares)	1,848,142
Granted (in shares)	1,833,787
Vested (in shares)	475,811
Forfeited (in shares)	144,401
Outstanding - end of period (in shares)	3,061,717
Weighted- Average Grant Date Fair Value
Outstanding - beginning of period (in usd per share)	$ 11.61
Granted (in usd per share)	10
Vested (in usd per share)	10.61
Forfeited (in usd per share)	11.40
Outstanding - end of period (in usd per share)	$ 10.84

Net (Loss) Income Per Common _3

Net (Loss) Income Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator, Basic:
Net (loss) income	$ (10,318)	$ 15,201	$ (12,208)	$ 25,947
Less: undistributed earnings allocated to participating securities	0	(9,255)	0	(15,798)
Net (loss) income attributable to common stockholders	(10,318)	5,946	(12,208)	10,149
Numerator, Diluted:
Net (loss) income	(10,318)	15,201	(12,208)	25,947
Less: undistributed earnings allocated to participating securities	0	(9,255)	0	(15,798)
Net (loss) income attributable to common stockholders	$ (10,318)	$ 5,946	$ (12,208)	$ 10,149
Denominator:
Basic weighted-average shares used in computing (loss) income attributable to common stockholders (in shares)	57,590,308	17,519,243	57,414,636	17,371,162
Weighted average dilutive share equivalents: Stock options, Warrants, RSAs and RSUs (in shares)	0	3,417,911	0	2,643,791
Diluted weighted-average shares used in computing net (loss) income attributable to common stockholders (in shares)	57,590,308	20,937,154	57,414,636	20,014,953
Net (loss) income per share attributable to common stockholders:
Basic (in usd per share)	$ (0.18)	$ 0.34	$ (0.21)	$ 0.58
Diluted (in usd per share)	$ (0.18)	$ 0.28	$ (0.21)	$ 0.51

Net (Loss) Income Per Common _4

Net (Loss) Income Per Common Share - Antidilutive Shares (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares excluded from diluted (loss) income per share	15,602,699	28,836,079	15,602,699	28,819,420
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares excluded from diluted (loss) income per share	0	27,652,449	0	27,652,449
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares excluded from diluted (loss) income per share	2,912,747	1,050,000	2,912,747	1,050,000
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares excluded from diluted (loss) income per share	188,235	0	188,235	0
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares excluded from diluted (loss) income per share	3,061,717	133,630	3,061,717	116,971
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares excluded from diluted (loss) income per share	9,440,000	0	9,440,000	0