Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Profit Per Share (Tables)

v3.24.1.u1
Net (Loss) Profit Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted 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.

 

 

 

Three Months Ended March 31,

 

(in thousands, except per share amounts)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(35,946

)

 

$

(19,019

)

Net loss attributable to common stockholders - Basic & Diluted

 

 

(35,946

)

 

 

(19,019

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

199,290,500

 

 

 

195,369,245

 

Add: Weighted average unvested options outstanding

 

 

 

 

 

 

Add: Dilutive effect of restricted units issued

 

 

 

 

 

 

Weighted average shares outstanding - Diluted

 

 

199,290,500

 

 

 

195,369,245

 

Net loss per common share:

 

 

 

 

 

 

Basic

 

$

(0.18

)

 

$

(0.10

)

Diluted

 

 

(0.18

)

 

 

(0.10

)

Summary of Dilutive Securities are Excluded from the Denominator The following dilutive securities are excluded from the denominator:

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

Unvested RSUs

 

 

13,717,905

 

 

 

10,393,221

 

Unvested or unexercised option awards

 

 

10,756,575

 

 

 

11,246,810

 

Warrants

 

 

8,524,984

 

 

 

8,524,984

 

Contingently issuable earnout shares

 

 

14,666,667

 

 

 

14,666,667

 

Total

 

 

47,666,131

 

 

 

44,831,682