Spire Global, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Net Loss per Share

Net Loss per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Loss per Share

11.

Net Loss per Share

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
				(As Restated)						(As Restated)
Numerator:
Net loss	$	(12,473	)	$	(23,337	)	$	(54,576	)	$	(60,364	)
Denominator:
Weighted-average shares used in computing basic and diluted net loss per share		24,921,585			20,756,394			23,745,015			19,117,078
Basic and diluted net loss per share	$	(0.50	)	$	(1.12	)	$	(2.30	)	$	(3.16	)

The Company has two classes of common stock, Class A and Class B. Class B common stock has no economic rights, and therefore, has been excluded from the computation of basic and diluted net loss per share. Potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would reduce 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 shares of Class A common stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the three and nine months ended September 30, 2024 and 2023, because including them would have had an anti-dilutive effect:


	Three and Nine Months Ended September 30,
	2024		2023
Stock options and 2021 ESPP		2,048,107		2,409,700
RSUs		3,184,954		2,119,625
Credit Agreement Warrants		1,058,940		1,058,940
		6,292,001		5,588,265