Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Loss per Share (Tables)

v3.24.1
Basic and Diluted Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
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 to common stockholders:
December 31,
2023 2022
(In thousands, except share per share data)
Numerator:
Net income (loss) $ (135,139) $ 7,969 
Denominator:
Basic weighted average shares outstanding 197,358,751  185,079,101 
Effect of dilutive securities:
Common stock warrants —  7,999 
Restricted stock units —  345,714 
Common stock options —  16,742,089 
Diluted weighted average shares outstanding 197,358,751  202,174,903 
Net income (loss) per share
    Basic $ (0.68) $ 0.04 
    Diluted $ (0.68) $ 0.04 
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:
December 31,
2023 2022
(per share data)
Common stock warrants 50,945,000  13,075,000 
Restricted stock units 20,066,204  3,819,727 
Common stock options 13,152,359  725,711 
Total potentially dilutive common share equivalents 84,163,563  17,620,438