Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) per Share

v3.23.1
Basic and Diluted Net Income (Loss) per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) per Share Basic and Diluted Net Income (Loss) per Share
The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders:
Three Months Ended March 31,
2023 2022
(In thousands, except share and per share data)
Numerator:
Net loss $ (36,198) $ (65,341)
Denominator:
Weighted average shares outstanding - basic and diluted 189,609,021  183,498,082 
Net loss per share - basic and diluted $ (0.19) $ (0.36)
The following potentially dilutive shares of common stock equivalents “on an as-converted basis” were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect:
Three Months Ended March 31,
2023 2022
Common stock warrants 13,145,000  13,075,000 
Restricted stock units 12,455,651  4,549,179 
Common stock options 15,388,946  20,786,579 
Total potentially dilutive common share equivalents 40,989,597  38,410,758 
Total potentially dilutive common share equivalents for the three months ended March 31, 2023 and 2022 excludes 21,758,148 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.