Annual report pursuant to Section 13 and 15(d)

Net (Loss) Profit Per Share (Tables)

v3.24.0.1
Net (Loss) Profit Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted

The Company computes basic net profit (loss) per share using net profit (loss) attributable to the Company’s common stockholders and the weighted-average number of common shares outstanding during each period. Diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive.

 

 

 

Year Ended December 31,

 

(in thousands, except per share amounts)

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(103,567

)

 

$

(25,388

)

Net loss attributable to common stockholders - Basic & Diluted

 

 

(103,567

)

 

 

(25,388

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

196,896,011

 

 

 

189,747,367

 

Add: Weighted average unvested options outstanding

 

 

 

 

 

 

Add: Dilutive effect of restricted units issued

 

 

 

 

 

 

Weighted average shares outstanding - Diluted

 

 

196,896,011

 

 

 

189,747,367

 

Net loss per common share:

 

 

 

 

 

 

Basic

 

$

(0.53

)

 

$

(0.13

)

Diluted

 

 

(0.53

)

 

 

(0.13

)

Summary of Dilutive Securities are Excluded from the Denominator The following dilutive securities are excluded from the denominator:

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Unvested RSUs

 

 

13,075,215

 

 

 

11,040,595

 

Unvested or unexercised option awards

 

 

11,113,273

 

 

 

11,922,334

 

Warrants

 

 

8,524,984

 

 

 

8,524,984

 

Contingently issuable earnout shares

 

 

14,666,667

 

 

 

14,666,667

 

Total

 

 

47,380,139

 

 

 

46,154,580