| 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 September 30, |
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Nine Months Ended September 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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$ |
(13,755) |
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$ |
(46,897) |
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$ |
(60,021) |
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$ |
(250,016) |
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| Gain (loss) from discontinued operations |
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707 |
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— |
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707 |
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(1,022) |
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| Net loss available to common stockholders |
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$ |
(13,048) |
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$ |
(46,897) |
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$ |
(59,314) |
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$ |
(251,038) |
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| Basic and diluted net loss per share - continuing operations |
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$ |
(0.12) |
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$ |
(0.67) |
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$ |
(0.51) |
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$ |
(4.29) |
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| Basic and diluted net gain (loss) per share - discontinued operations |
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0.01 |
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— |
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0.01 |
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(0.02) |
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| Basic and diluted net loss per share |
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$ |
(0.11) |
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$ |
(0.67) |
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$ |
(0.50) |
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$ |
(4.31) |
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| Shares used in the computation of basic and diluted net loss per share |
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118,582 |
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69,975 |
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117,403 |
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58,297 |
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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 nine months ended September 30, 2022 and 2021.
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Three and nine months ended September 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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79 |
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420 |
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| Common Stock warrants |
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1,770 |
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1,770 |
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| Stock options |
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8,083 |
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2,344 |
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| Restricted stock units |
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8,268 |
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9,158 |
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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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15,813 |
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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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8,325 |
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| Sponsor Shares |
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2,372 |
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2,372 |
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