Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share for the three and nine months ended September 30, 2022 and 2021 (in thousands, except share and per-share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income (loss)	$	(7,893)	$	(17,894)	$	29,486	$	(37,926)
Less: Change in fair value of liability warrants	—		—		(7,329)		—
Adjusted net income (loss)	$	(7,893)	$	(17,894)	$	22,157	$	(37,926)
Denominator:
Weighted-average common shares outstanding - basic	152,849,992		115,169,949		141,969,449		113,161,622
Dilutive effect of employee equity incentive plans and outstanding warrants	—		—		1,822,611		—
Weighted-average common shares used in per share calculations - diluted	152,849,992		115,169,949		143,792,060		113,161,622
Net income (loss) per share:
Basic	$	(0.05)	$	(0.16)	$	0.21	$	(0.34)
Diluted	$	(0.05)	$	(0.16)	$	0.15	$	(0.34)

Schedule of Potential Common Shares Issuable Upon Conversion of Warrants

The following table represents the potential dilutive shares of common stock excluded from the computation of the diluted net loss per share for all periods presented, as the effect would have been anti-dilutive:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Options, RSUs and ESPP shares	16,147,192	11,701,844	16,960,983	11,701,844
Warrants to purchase common stock	31,228,279	12,378,016	213,339	12,378,016
Total	47,375,471	24,079,860	17,174,322	24,079,860