Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Acquisition [Line Items]

Summary of Transaction Transferred

The consideration transferred for the transaction is summarized as follows:


(in thousands)
Cash consideration paid at closing		$	46,446
Working capital adjustment			(145	)
Contingent consideration			7,800
Purchase price		$	54,101

Summary of Allocation of Purchase Price to the Fair Value of Assets Acquired

Acquisition-date fair values of assets and liabilities pertaining to this business combination have been allocated as follows:


(in thousands)
Purchase price allocation:		Preliminary, as originally reported				Measurement period adjustments				As adjusted
Cash		$	1,423			$	—			$	1,423
Accounts receivable			2,662				—				2,662
Prepaid expenses and other current assets			153				—				153
Property and equipment			42				—				42
Intangible assets			22,830				(500	)			22,330
Accounts payable and accrued expenses			(3,316	)			—				(3,316	)
Deferred revenue			(4,010	)			—				(4,010	)
Deferred tax liabilities			(2,354	)			(576	)			(2,930	)
Total assets acquired and liabilities assumed			17,430				(1,076	)			16,354
Goodwill			36,652				1,095				37,747
Purchase price		$	54,082			$	19			$	54,101

Schedule of Business Acquisition, Pro Forma Information

Unaudited Pro Forma Supplementary Data as if the transaction had occurred on January 1, 2022:


		Year Ended December 31,
		2023				2022
(in thousands)
Revenue		$	255,629			$	228,085
Net loss			(294,232	)			(33,015	)

Analytical wizards acquisition

Business Acquisition [Line Items]

Summary of Transaction Transferred

The consideration transferred for the transaction is summarized as follows:


(in thousands)
Initial cash investment in December 2021		$	40,000
Cash consideration paid at closing			58,645
Working capital adjustment			(202	)
Contingent consideration			1,000
Purchase price		$	99,443

Summary of Allocation of Purchase Price to the Fair Value of Assets Acquired

The Company finalized the purchase price allocations of the AW acquisition during the first quarter of 2023. Acquisition-date fair values of assets and liabilities pertaining to this business combination have been allocated as follows:


(in thousands) Purchase price allocation:		Preliminary, as originally reported				Measurement period adjustments				As adjusted
Cash		$	2,146			$	—			$	2,146
Accounts receivable			3,575				(50	)			3,525
Prepaid expenses and other current assets			506				300				806
Property and equipment			134				—				134
Intangible assets			46,000				—				46,000
Right-of-use asset, operating leases			832				—				832
Other assets			—				703				703
Accounts payable and accrued expenses			(485	)			(502	)			(987	)
Deferred revenue			(3,691	)			326				(3,365	)
Right-of-use liability, operating leases			(832	)			—				(832	)
Deferred taxes			(10,345	)			67				(10,278	)
Other liabilities			(267	)			(633	)			(900	)
Total assets acquired and liabilities assumed			37,573				211				37,784
Goodwill			62,072				(413	)			61,659
Purchase price		$	99,645			$	(202	)		$	99,443

Schedule of Business Acquisition, Pro Forma Information

Unaudited Pro Forma Supplementary Data as if the transaction had occurred on January 1, 2022:


(in thousands)		Year Ended December 31, 2022
Revenue		$	224,130
Net loss			(26,443	)