Exhibit 1                 GTY Technology Holdings Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited)                                           Three Months Ended   Three Months Ended   Nine Months Ended   Nine Months Ended   September 30, 2021   September 30, 2020   September 30, 2021   September 30, 2020 Revenues  

 $

                        16,257

 

 

 $

                        12,587

 

 

 $

                     43,833

 

 

 $

                     35,027

 

Cost of revenues  

 

                             5,914

 

 

 

                             4,620

 

 

 

                        15,872

 

 

 

                        13,541

 

Gross Profit  

 

                           10,343

 

 

 

                             7,967

 

 

 

                        27,961

 

 

 

                        21,486

 

                   Operating expenses                 Sales and marketing (1)  

 

                             4,351

 

 

 

                             3,875

 

 

 

                        11,620

 

 

 

                        12,396

 

General and administrative (1)  

 

                             6,281

 

 

 

                             4,667

 

 

 

                        17,062

 

 

 

                        16,607

 

Research and development (1)  

 

                             3,277

 

 

 

                             3,012

 

 

 

                          9,295

 

 

 

                          9,383

 

Amortization of intangible assets  

 

                             3,668

 

 

 

                             3,683

 

 

 

                        10,911

 

 

 

                        10,998

 

Restructuring charges  

 

                                    –

 

 

 

                                    2

 

 

 

                                  –

 

 

 

                          3,666

 

Change in fair value of contingent consideration  

 

                             1,235

 

 

 

                                    –

 

 

 

                          3,599

 

 

 

                               29

 

Total operating expenses  

 

                           18,812

 

 

 

                           15,239

 

 

 

                        52,487

 

 

 

                        53,079

 

Loss from operations  

 

                           (8,469

)

 

 

                           (7,272

)

 

 

                      (24,526

)

 

 

                      (31,593

)

                Other income (expense)                 Interest income (expense), net  

 

                              (789

)

 

 

                              (441

)

 

 

                        (2,501

)

 

 

                        (1,113

)

Loss from repurchase/issuance of shares  

 

                                    –

 

 

 

                                    –

 

 

 

                        (5,333

)

 

 

                        (1,390

)

Change in fair value of warrant liability  

 

                              (456

)

 

 

                                807

 

 

 

                        (4,023

)

 

 

                          3,104

 

Gain on extinguishment of debt  

 

                                    –

 

 

 

                                    –

 

 

 

                          3,210

 

 

 

                                  –

 

Other income (loss), net  

 

                                  90

 

 

 

                              (696

)

 

 

                               (9

)

 

 

                             437

 

Total other income (expense), net  

 

                           (1,155

)

 

 

                              (330

)

 

 

                        (8,656

)

 

 

                          1,038

 

                   Loss before income taxes  

 

                           (9,624

)

 

 

                           (7,602

)

 

 

                      (33,182

)

 

 

                      (30,555

)

Benefit from income taxes  

 

                                  93

 

 

 

                                384

 

 

 

                             154

 

 

 

                          2,068

 

Net loss  

 $

                        (9,531

)

 

 $

                        (7,218

)

 

 $

                   (33,028

)

 

 $

                   (28,487

)

                   Net loss per share, basic and diluted  

 $

                          (0.17

)

 

 $

                          (0.13

)

 

 $

                       (0.58

)

 

 $

                       (0.53

)

Weighted average common shares outstanding, basic and diluted  

 

                           57,536

 

 

 

                           53,842

 

 

 

                        56,960

 

 

 

                        53,301

 

                   Net loss  

 $

                        (9,531

)

 

 $

                        (7,218

)

 

 $

                   (33,028

)

 

 $

                   (28,487

)

Other comprehensive loss:                 Foreign currency translation gain (loss)  

 

                                608

 

 

 

                              (783

)

 

 

                             (61

)

 

 

                             313

 

Total other comprehensive income (loss)  

 

                                608

 

 

 

                              (783

)

 

 

                             (61

)

 

 

                             313

 

Comprehensive loss  

 $

                        (8,923

)

 

 $

                        (8,001

)

 

 $

                   (33,089

)

 

 $

                   (28,174

)

                  (1) Amounts include share-based compensation expense as follows:                 Cost of revenues  

 $

                             447

 

 

 $

                             225

 

 

 $

                       1,102

 

 

 $

                          575

 

Sales and Marketing  

 

                                420

 

 

 

                                435

 

 

 

                             861

 

 

 

                          1,568

 

General and administrative  

 

                             2,096

 

 

 

                             1,025

 

 

 

                          4,190

 

 

 

                          3,471

 

Research and development  

 

                                373

 

 

 

                                339

 

 

 

                             874

 

 

 

                             724

 

Total share-based compensation expense  

 $

                          3,336

 

 

 $

                          2,024

 

 

 $

                       7,027

 

 

 $

                       6,338