Quarterly report pursuant to Section 13 or 15(d)

Net income (loss) Per Share Attributable to Common Stockholders

v3.23.3
Net income (loss) Per Share Attributable to Common Stockholders
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Net income (loss) Per Share Attributable to Common Stockholders Net income (loss) Per Share Attributable to Common Stockholders
The following table presents the calculation of basic and diluted income (loss) per share attributable to common stockholders (in thousands, except share and per share data):
Three Months Ended
September 30,
Nine Months Ended September 30,
2023 2022 2023 2022
Net income (loss), basic and diluted $ (9,811) $ 7,662  $ (33,747) $ (75,032)
Less: Accretion on redeemable convertible preferred stock (976) —  (976) — 
Less: Series A accumulated dividends (82) $ —  (82) $ — 
Net income (loss) attributable to common stockholders, basic and diluted $ (10,869) $ 7,662  $ (34,805) $ (75,032)
Net income (loss) per share attributable to common stockholders, basic $ (0.31) $ 0.25  $ (1.01) $ (5.65)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 35,253,756 30,999,080 34,433,760 13,278,710
Effect of dilutive common stock options outstanding —  2,046,992 —  — 
Effect of dilutive RSUs outstanding —  110,989 —  — 
Effect of dilutive common stock warrants outstanding —  63,791 —  — 
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 35,253,756 33,220,852 34,433,760 13,278,710
Net income (loss) per share attributable to common stockholders, diluted $ (0.31) $ 0.23  $ (1.01) $ (5.65)
The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an as-converted basis):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023 2022 2023 2022
Redeemable convertible preferred stock 4,739,336  —  4,739,336  — 
Common stock options 1,926,511  1,619,811  1,926,511  4,833,767 
Restricted stock units 5,161,753  60,728  5,161,753  810,582 
Common stock warrants 2,598,554  80,740  2,598,554  180,029 
Private and Public Placement Warrants 2,800,146  2,950,000  2,800,146  2,950,000 
Earn-Out Shares 2,602,554  2,799,696  2,602,554  2,799,696 
Total 19,828,854  7,510,975  19,828,854  11,574,074