| 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.
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Three Months Ended June 30, |
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|
Six Months Ended June 30, |
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(in thousands, except per share amounts) |
|
2024 |
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2023 |
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2024 |
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2023 |
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Numerator: |
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Net loss |
|
$ |
(14,398 |
) |
|
$ |
(18,988 |
) |
|
$ |
(50,344 |
) |
|
$ |
(38,007 |
) |
Net loss attributable to common stockholders - Basic & Diluted |
|
|
(14,398 |
) |
|
|
(18,988 |
) |
|
|
(50,344 |
) |
|
|
(38,007 |
) |
Denominator: |
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Weighted average shares outstanding - Basic |
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201,252,969 |
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196,372,157 |
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200,273,880 |
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|
|
195,873,471 |
|
Add: Weighted average unvested options outstanding |
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— |
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— |
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— |
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— |
|
Add: Dilutive effect of restricted units issued |
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— |
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— |
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— |
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— |
|
Weighted average shares outstanding - Diluted |
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|
201,252,969 |
|
|
|
196,372,157 |
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|
|
200,273,880 |
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|
195,873,471 |
|
Net loss per common share: |
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Basic |
|
$ |
(0.07 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.25 |
) |
|
$ |
(0.19 |
) |
Diluted |
|
|
(0.07 |
) |
|
|
(0.10 |
) |
|
|
(0.25 |
) |
|
|
(0.19 |
) |
|
| 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, |
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|
Six Months Ended
June 30, |
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2024 |
|
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2023 |
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|
2024 |
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|
2023 |
|
Unvested RSUs |
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13,515,732 |
|
|
|
10,222,990 |
|
|
|
13,616,819 |
|
|
|
10,308,106 |
|
Unvested or unexercised option awards |
|
|
10,679,960 |
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|
|
11,180,550 |
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|
|
10,718,268 |
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|
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11,213,680 |
|
Warrants |
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|
8,524,984 |
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|
|
8,524,984 |
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|
|
8,524,984 |
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|
|
8,524,984 |
|
Contingently issuable earnout shares |
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14,666,667 |
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|
14,666,667 |
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|
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14,666,667 |
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14,666,667 |
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Total |
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47,387,343 |
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44,595,191 |
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|
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47,526,738 |
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44,713,437 |
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