Post-effective amendment to a registration statement that is not immediately effective upon filing

Basic and Diluted Net Loss per Share

v3.22.1
Basic and Diluted Net Loss per Share
 12 Months Ended
Dec. 31, 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:
December 31,
2021 2020
(In thousands, except share per share data)
Numerator:
Net loss $ (107,091) $ (21,807)
Extinguishment of redeemable convertible preferred stock —  13,051 
Net loss attributable to common stockholders $ (107,091) $ (8,756)
Denominator:
Weighted average shares used in computing net loss per share – basic and diluted 58,688,496  15,629,179 
Net loss per share – basic and diluted. $ (1.82) $ (0.56)
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:
December 31,
2021 2020
(per share data)
Redeemable convertible preferred stock —  147,876,672 
Convertible promissory note —  — 
Redeemable convertible preferred stock warrants —  408,729 
Common stock warrants 13,075,000  214,033 
Restricted stock units issued and outstanding 4,041,346  — 
Stock options issued and outstanding 21,191,226  21,471,321 
Total potentially dilutive common share equivalents 38,307,572  169,970,755 
Total potentially dilutive common share equivalents for the year ended December 31, 2021, excludes 21,758,148 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.