| Computation of Basic and Diluted Net 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:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(In thousands, except share and per share data) |
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(In thousands, except share and per share data) |
| Numerator: |
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| Net income (loss) |
$ |
(23,201) |
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$ |
127,950 |
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$ |
(59,399) |
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$ |
62,608 |
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| Denominator: |
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| Basic weighted average shares outstanding |
193,917,908 |
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184,282,194 |
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191,775,367 |
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183,892,304 |
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| Effect of dilutive securities: |
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| Common stock options |
— |
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18,043,859 |
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— |
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19,130,274 |
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| Restricted stock units |
— |
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— |
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— |
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3,890 |
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| Diluted weighted average shares outstanding |
193,917,908 |
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202,326,053 |
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191,775,367 |
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203,026,468 |
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| Net income (loss) per share |
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| Basic |
$ |
(0.12) |
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$ |
0.69 |
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$ |
(0.31) |
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$ |
0.34 |
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| Diluted |
$ |
(0.12) |
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$ |
0.63 |
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$ |
(0.31) |
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$ |
0.31 |
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| Schedule of Potentially Dilutive Shares Excluded from Computation of Net Loss Per Share |
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:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Common stock options |
15,257,468 |
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1,493,147 |
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15,257,468 |
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406,732 |
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| Common stock warrants |
13,145,000 |
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13,075,000 |
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13,145,000 |
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13,075,000 |
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| Restricted stock units |
12,227,171 |
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5,355,860 |
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12,227,171 |
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5,351,970 |
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| Total potentially dilutive common share equivalents |
40,629,639 |
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19,924,007 |
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40,629,639 |
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18,833,702 |
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