Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

v3.22.2.2
Net Loss per Share
6 Months Ended
Jun. 30, 2022
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(38,265

)

 

$

(26,862

)

 

$

(50,057

)

 

$

(46,560

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

139,687,475

 

 

 

18,642,269

 

 

 

139,482,147

 

 

 

18,190,329

 

Basic and diluted net loss per share

 

$

(0.27

)

 

$

(1.44

)

 

$

(0.36

)

 

$

(2.56

)

 

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 three and six months ended June 30, 2022 and 2021, because including them would have had an anti-dilutive effect:

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Stock options to purchase common stock

 

 

19,705,518

 

 

 

22,705,021

 

Public and private warrants

 

 

18,099,992

 

 

 

 

RSU Shares

 

 

10,495,229

 

 

 

 

Blue Torch and GPO warrants

 

 

3,694,880

 

 

 

 

Convertible preferred stock (if-converted)

 

 

 

 

 

42,873,691

 

Warrants for the purchase of common stock

 

 

 

 

 

2,383,298

 

Convertible notes (if-converted)

 

 

 

 

 

37,023,686

 

 

 

 

51,995,619

 

 

 

104,985,696