Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

v3.22.2.2
Net Loss per Share
9 Months Ended
Sep. 30, 2021
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,
 
    
2021
    
2020
    
2021
    
2020
 
Numerator:
                                   
Net loss attributable to common stockholders
   $ (56,108    $ (7,624    $ (102,668    $ (22,340
    
 
 
    
 
 
    
 
 
    
 
 
 
Denominator:
                                   
Weighted-average shares of New Spire Class A Common Stock used in computing basic and diluted net loss per share
     67,348,269        17,605,469        37,389,424        17,603,874  
    
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted net loss per share (New Spire Class A Common Stock)
   $ (0.83    $ (0.43    $ (2.75    $ (1.27
    
 
 
    
 
 
    
 
 
    
 
 
 
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 nine months ended September 30, because including them would have had an anti-dilutive effect:
 
    
September 30,
 
    
2021
    
2020
 
Convertible preferred stock
(if-converted)
     —          42,726,773  
Warrants for the purchase of Series C convertible preferred stock
(if-converted)
     —          146,919  
Warrants for the purchase of common stock
     —          1,285,078  
Convertible notes
(if-converted)
     —          34,670,225  
Stock options to purchase common stock
     22,170,601        13,778,549  
    
 
 
    
 
 
 
       22,170,601        92,607,544