Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) per Share

v3.23.3
Basic and Diluted Net Income (Loss) per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) per Share Basic and Diluted Net Loss per Share
The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023 2022 2023 2022
(In thousands, except share and per share data) (In thousands, except share and per share data)
Numerator:
Net loss
$ (17,396) $ (75,195) $ (76,795) $ (12,587)
Denominator:
Weighted average shares outstanding–basic and diluted
197,833,109  185,560,177  193,816,804  184,454,371 
Net loss per share–basic and diluted
$ (0.09) $ (0.41) $ (0.40) $ (0.07)
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
September 30,
Nine Months Ended
September 30,
2023 2022 2023 2022
Common stock options 15,136,666  17,731,063  15,136,666  17,731,063 
Common stock warrants 13,145,000  13,145,000  13,145,000  13,145,000 
Restricted stock units 11,491,036  6,198,472  11,491,036  6,198,472 
Debt derivatives
45,132,171  —  45,132,171  — 
Total potentially dilutive common share equivalents 84,904,873  37,074,535  84,904,873  37,074,535 
Total potentially dilutive common share equivalents for the three and nine months ended September 30, 2023 and 2022 excludes 21,265,936 and 21,758,148, respectively, shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.