Annual report pursuant to Section 13 and 15(d)

Net (Loss) Profit Per Share (Tables)

v3.22.4
Net (Loss) Profit Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted

The Company computes basic net (loss) profit per share using net (loss) profit 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)

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net (loss) profit

 

$

(25,388

)

 

$

3,855

 

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

 

 

(25,388

)

 

 

3,855

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

189,747,367

 

 

 

108,088,115

 

Add: Weighted average unvested options outstanding

 

 

 

 

 

5,875,309

 

Add: Dilutive effect of restricted units issued

 

 

 

 

 

 

Weighted average shares outstanding - Diluted

 

 

189,747,367

 

 

 

113,963,424

 

Net (loss) profit per common share:

 

 

 

 

 

 

Basic

 

$

(0.13

)

 

$

0.04

 

Diluted

 

 

(0.13

)

 

 

0.03

 

Summary of Dilutive Securities are Excluded from the Denominator :

 

 

 

Year Ended
December 31,

 

 

 

2022

 

 

2021

 

Unvested RSUs

 

 

11,040,595

 

 

 

4,337,556

 

Unvested option awards

 

 

11,922,334

 

 

 

 

Warrants

 

 

8,524,984

 

 

 

8,524,984

 

Contingently issuable earnout shares

 

 

14,666,667

 

 

 

14,666,667

 

Total

 

 

46,154,580

 

 

 

27,529,207