Annual report pursuant to Section 13 and 15(d)

Net Profit (Loss) Per Share (Tables)

v3.22.1
Net Profit (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2021
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)

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

Net profit (loss) and comprehensive income
   (loss)

 

$

3,855

 

 

$

(17,985

)

Deemed dividend - redemption of common stock

 

 

 

 

 

(826

)

Net profit (loss) attributable to common
   stockholders - Basic and Diluted

 

$

3,855

 

 

$

(18,811

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

108,088,115

 

 

 

38,336,659

 

Add: Weighted average unvested options
   outstanding

 

 

5,875,309

 

 

 

 

Weighted average shares outstanding - Diluted

 

 

113,963,424

 

 

 

38,336,659

 

Net profit (loss) per common share:

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

(0.49

)

Diluted

 

$

0.03

 

 

 

(0.49

)

Summary of Dilutive Securities are Excluded from the Denominator :

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Convertible preferred stock

 

 

 

 

 

107,592,801

 

Unvested RSUs

 

 

4,337,556

 

 

 

 

Unvested awards

 

 

 

 

 

14,016,486

 

Warrants

 

 

8,525,000

 

 

 

180,928

 

Contingently issuable earnout shares

 

 

14,666,667

 

 

 

 

Total

 

 

27,529,223

 

 

 

121,790,215