| Summary of Earnings Per Share, Basic and Diluted |
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|
|
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|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands, except per share amounts) |
|
2023 |
|
|
2022 |
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|
2023 |
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|
2022 |
|
Numerator: |
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|
|
|
Net (loss) profit |
|
$ |
(18,988 |
) |
|
$ |
4,075 |
|
|
$ |
(38,007 |
) |
|
$ |
8,314 |
|
Net (loss) profit attributable to common stockholders - Basic & Diluted |
|
|
(18,988 |
) |
|
|
4,075 |
|
|
|
(38,007 |
) |
|
|
8,314 |
|
Denominator: |
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Weighted average shares outstanding - Basic |
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|
196,372,157 |
|
|
|
188,102,342 |
|
|
|
195,873,471 |
|
|
|
187,247,566 |
|
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 |
|
|
196,372,157 |
|
|
|
188,876,763 |
|
|
|
195,873,471 |
|
|
|
188,329,331 |
|
Net (loss) profit per common share: |
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|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.10 |
) |
|
$ |
0.02 |
|
|
$ |
(0.19 |
) |
|
$ |
0.04 |
|
Diluted |
|
|
(0.10 |
) |
|
|
0.02 |
|
|
|
(0.19 |
) |
|
|
0.04 |
|
|
| 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, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Unvested RSUs |
|
|
10,222,990 |
|
|
|
5,585,756 |
|
|
|
10,308,106 |
|
|
|
5,096,729 |
|
Unvested or unexercised option awards |
|
|
11,180,550 |
|
|
|
5,155,894 |
|
|
|
11,213,680 |
|
|
|
2,577,947 |
|
Warrants |
|
|
8,524,984 |
|
|
|
8,524,984 |
|
|
|
8,524,984 |
|
|
|
8,524,984 |
|
Contingently issuable earnout shares |
|
|
14,666,667 |
|
|
|
14,666,667 |
|
|
|
14,666,667 |
|
|
|
14,666,667 |
|
Total |
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|
44,595,191 |
|
|
|
33,933,301 |
|
|
|
44,713,437 |
|
|
|
30,866,327 |
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|