Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Loss per Share

v3.21.2
Basic and Diluted Net Loss per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Net 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 to common stockholders:
Three months ended September 30, Nine months ended September 30,
2021 2020 2021 2020
(In thousands, except share data)
Numerator:
Net loss $ (66,578) $ (7,107) $ (92,663) $ (17,591)
Denominator:
Weighted average shares used in computing net loss per share – basic and diluted 19,793,863  15,994,154  17,348,557  15,503,475 
Net loss per share – basic and diluted. $ (3.36) $ (0.44) $ (5.34) $ (1.13)
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 attributable to common stockholders for the periods presented because including them would have had an antidilutive effect:
Nine months ended September 30,
2021 2020
(per share data)
Redeemable convertible preferred stock —  108,642,440 
Convertible promissory note —  3,283,548 
Redeemable convertible preferred stock warrants —  332,893 
Common stock warrants 13,075,000  51,847 
Common stock options issued and outstanding 21,342,660  19,134,310 
Total potentially dilutive common share equivalents 34,417,660  131,445,038 
Total potentially dilutive common share equivalents for the nine months ended September 30, 2021, excludes 21,758,148 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.