Quarterly report pursuant to Section 13 or 15(d)

Net Profit (Loss) Per Share (Tables)

v3.23.1
Net Profit (Loss) Per Share (Tables)
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted

 

 

Three Months Ended March 31,

 

(in thousands, except per share amounts)

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net (loss) profit

 

$

(19,019

)

 

$

4,239

 

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

 

 

(19,019

)

 

 

4,239

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

195,369,245

 

 

 

186,383,312

 

Add: Weighted average unvested options outstanding

 

 

—

 

 

 

4,576,079

 

Add: Dilutive effect of restricted units issued

 

 

—

 

 

 

141,292

 

Weighted average shares outstanding - Diluted

 

 

195,369,245

 

 

 

191,100,683

 

Net (loss) profit per common share:

 

 

 

 

 

 

Basic

 

$

(0.10

)

 

$

0.02

 

Diluted

 

 

(0.10

)

 

 

0.02

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

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Unvested RSUs

 

 

10,393,221

 

 

 

4,607,701

 

Unvested or unexercised option awards

 

 

11,246,810

 

 

 

—

 

Warrants

 

 

8,524,984

 

 

 

8,524,984

 

Contingently issuable earnout shares

 

 

14,666,667

 

 

 

14,666,667

 

Total

 

 

44,831,682

 

 

 

27,799,352