| Net Loss (Income) Per Share of Class A Common Stock |
10. Net (Loss) Income Per Share of Class A Common Stock
The following table includes the calculation of basic and diluted net loss per share:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands except per share information) |
| Net (loss) income available to common stockholders - basic and diluted |
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$ |
(12,591) |
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$ |
675 |
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$ |
(37,798) |
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$ |
(50,071) |
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Weighted average common shares outstanding: |
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Shares used in the computation of basic net (loss) income per share |
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19,120 |
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17,360 |
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18,394 |
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16,683 |
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Dilutive effect of common stock equivalents |
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— |
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523 |
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— |
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— |
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Shares used in the computation of diluted net (loss) income per share |
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19,120 |
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17,883 |
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18,394 |
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16,683 |
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| Basic and diluted net (loss) income per share |
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$ |
(0.66) |
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$ |
0.04 |
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$ |
(2.05) |
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$ |
(3.00) |
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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, 2024 and 2023.
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Three Months Ended September 30, |
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Nine Months Ended September 30, 2024 |
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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands) |
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| Restricted Class A common stock |
— |
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4 |
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— |
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4 |
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| Class A common stock warrants |
221 |
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— |
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221 |
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221 |
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| Stock options |
880 |
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1,034 |
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880 |
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1,143 |
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| Restricted stock units |
2,558 |
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411 |
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2,558 |
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2,275 |
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| Public Warrants (exercisable for Class A common stock) treated as liability |
1,977 |
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1,977 |
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1,977 |
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1,977 |
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| Private Placement Warrants (exercisable for Class A common stock) treated as liability |
3,091 |
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3,091 |
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3,091 |
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3,091 |
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| Sponsor Shares |
296 |
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296 |
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296 |
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296 |
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