| Net (Loss)/Income Per Share of Class A Common Stock |
13. Net Loss Per Share of Class A Common Stock
The following table includes the calculation of basic and diluted net (loss) income per share:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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(in thousands except per share information) |
| Loss from continuing operations |
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$ |
(26,278) |
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$ |
(34,563) |
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$ |
(46,266) |
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$ |
(203,119) |
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| Loss from discontinued operations |
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— |
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(1,022) |
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— |
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(1,022) |
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| Net loss available to common stockholders |
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$ |
(26,278) |
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$ |
(35,585) |
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$ |
(46,266) |
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$ |
(204,141) |
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| Basic and diluted net loss per share - continuing operations |
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$ |
(0.22) |
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$ |
(0.61) |
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$ |
(0.40) |
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$ |
(3.87) |
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| Basic and diluted net loss per share - discontinued operations |
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— |
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(0.02) |
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— |
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(0.02) |
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| Basic and diluted net loss per share |
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$ |
(0.22) |
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$ |
(0.63) |
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$ |
(0.40) |
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$ |
(3.89) |
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| Shares used in the computation of basic and diluted net loss per share |
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118,112 |
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56,704 |
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116,803 |
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52,434 |
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The potentially dilutive securities listed below were not included in the calculation of diluted weighted average common shares outstanding, as their effect would have been anti-dilutive during the three and six months ended June 30, 2022 and 2021.
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Three and six months ended June 30, |
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2022 |
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2021 |
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(in thousands) |
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| Restricted class A common stock |
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100 |
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580 |
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| Common Stock warrants |
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1,770 |
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11,331 |
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| Stock options |
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4,690 |
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2,643 |
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| Restricted stock units |
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6,848 |
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8,946 |
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| Public Warrants (exercisable for class A common stock) treated as liability |
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15,813 |
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— |
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| Private Placement Warrants (exercisable for class A common stock) treated as liability |
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8,325 |
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— |
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| Sponsor earn-out shares |
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2,372 |
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— |
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| Series A redeemable convertible preferred stock |
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— |
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789 |
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| Series B and B-1 redeemable convertible preferred stock |
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— |
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4,714 |
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| Series C redeemable convertible preferred stock |
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— |
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20,189 |
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| 2021 Convertible Bridge Notes as converted into common stock |
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— |
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7,870 |
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| Class A common stock warrants (exercisable for common stock) treated as liability |
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— |
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3,917 |
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| Class A common stock warrants (as exercised for Class A Common Stock) treated as liability in connection with the Rights Offering |
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— |
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52 |
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| Common stock issuable for consent fees treated as a liability |
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— |
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315 |
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| Series B preferred stock warrants |
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— |
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117 |
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| Series C preferred stock warrants |
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— |
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97 |
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