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13. Net Income (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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2023 |
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2022 |
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2023 |
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2022 |
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(in thousands except per share information) |
| Income (loss) from continuing operations |
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$ |
675 |
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$ |
(13,800) |
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$ |
(50,071) |
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$ |
(60,074) |
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| Income (loss) from discontinued operations |
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— |
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707 |
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— |
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707 |
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| Net income (loss) available to common stockholders |
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$ |
675 |
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$ |
(13,093) |
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$ |
(50,071) |
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$ |
(59,367) |
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| Basic and diluted net income (loss) per share - continuing operations |
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$ |
0.00 |
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$ |
(0.12) |
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$ |
(0.38) |
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$ |
(0.51) |
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| Basic and diluted net income (loss) per share - discontinued operations |
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— |
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0.01 |
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— |
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0.01 |
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| Basic and diluted net income (loss) per share |
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$ |
0.00 |
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$ |
(0.11) |
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$ |
(0.38) |
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$ |
(0.50) |
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| Shares used in the computation of basic and diluted net income (loss) per share |
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138,881 |
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118,582 |
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133,465 |
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117,403 |
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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 nine months ended September 30, 2023 and three and nine months ended September 30, 2022.
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Three and Nine Months Ended September 30, |
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2023 |
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2022 |
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(in thousands) |
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| Restricted Class A common stock |
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31 |
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79 |
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| Class A 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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9,146 |
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8,083 |
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| Restricted stock units |
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18,202 |
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8,268 |
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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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24,729 |
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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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