| Summary of Earnings Per Share, Basic and Diluted |
As a result of the Merger, the Company has retroactively adjusted the weighted-average number of shares of common stock outstanding prior to the Merger closing date by multiplying them by the Exchange Ratio used to determine the number of shares of common stock into which they converted.
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|
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Three Months Ended June 30, |
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|
Six Months Ended June 30, |
|
(in thousands, except per share amounts) |
|
2022 |
|
|
2021 |
|
|
2022 |
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|
2021 |
|
Numerator: |
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Net profit (loss) and comprehensive income (loss) |
|
$ |
4,075 |
|
|
$ |
(11,090 |
) |
|
$ |
8,314 |
|
|
$ |
(21,109 |
) |
Net profit (loss) attributable to common stockholders - Basic & Diluted |
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|
4,075 |
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|
|
(11,090 |
) |
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|
8,314 |
|
|
|
(21,109 |
) |
Denominator: |
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Weighted average shares outstanding - Basic |
|
|
188,102,342 |
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|
|
39,855,379 |
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|
|
187,247,566 |
|
|
|
39,649,848 |
|
Add: Weighted average unvested options outstanding |
|
|
636,975 |
|
|
|
— |
|
|
|
581,279 |
|
|
|
— |
|
Add: Dilutive effect of restricted units issued |
|
|
137,446 |
|
|
|
— |
|
|
|
500,486 |
|
|
|
— |
|
Weighted average shares outstanding - Diluted |
|
|
188,876,763 |
|
|
|
39,855,379 |
|
|
|
188,329,331 |
|
|
|
39,649,848 |
|
Net profit (loss) per common share: |
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|
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|
|
|
|
Basic |
|
$ |
0.02 |
|
|
$ |
(0.28 |
) |
|
$ |
0.04 |
|
|
$ |
(0.53 |
) |
Diluted |
|
|
0.02 |
|
|
|
(0.28 |
) |
|
|
0.04 |
|
|
|
(0.53 |
) |
|
| Summary of Dilutive Securities are Excluded from the Denominator |
The following dilutive securities are excluded from the denominator:
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Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Convertible preferred stock |
|
|
— |
|
|
|
107,683,976 |
|
|
|
— |
|
|
|
107,683,976 |
|
Unvested RSUs |
|
|
5,585,756 |
|
|
|
1,419,093 |
|
|
|
5,096,729 |
|
|
|
1,419,093 |
|
Unvested option awards |
|
|
5,155,894 |
|
|
|
12,142,483 |
|
|
|
2,577,947 |
|
|
|
12,142,483 |
|
Warrants |
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|
8,524,984 |
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|
|
— |
|
|
|
8,524,984 |
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|
|
— |
|
Contingently issuable earnout shares |
|
|
14,666,667 |
|
|
|
— |
|
|
|
14,666,667 |
|
|
|
— |
|
Total |
|
|
33,933,301 |
|
|
|
121,245,552 |
|
|
|
30,866,327 |
|
|
|
121,245,552 |
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|