Post-effective amendment to a registration statement that is not immediately effective upon filing

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 The following 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