Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

v3.22.4
Net Loss per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Loss per Share
15.
Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(89,411

)

 

$

(38,090

)

Denominator:

 

 

 

 

 

 

Weighted-average shares used in computing basic and diluted net loss per share

 

 

139,879,423

 

 

 

62,137,434

 

Basic and diluted net loss per share

 

$

(0.64

)

 

$

(0.61

)

 

The Company has two types of common stock, Class A and Class B. Class B common stock has no economic rights, therefore has been excluded from the computation of basic and diluted net loss per share. The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same.

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the years ended December 31, 2022 and 2021 because including them would have had an anti-dilutive effect:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Stock options and 2021 ESPP to purchase Class A common stock

 

 

19,271,986

 

 

 

21,263,847

 

Public and Private Warrants

 

 

1,543,493

 

 

 

18,099,992

 

RSUs

 

 

12,380,245

 

 

 

783,902

 

Credit Agreement Warrants

 

 

3,694,880

 

 

 

—

 

 

 

 

36,890,604

 

 

 

40,147,741