Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

The components of net income (loss) per share are as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income (loss)	$	2,085	$	(10,187)	$	(133)	$	(13,316)
Denominator:
Weighted average number of common shares outstanding - basic	57,207,902		53,183,767		55,988,736		52,075,399
Common stock equivalents from outstanding options	1,159,523		—		—		—
Common stock equivalents from unvested RSUs	112,249		—		—		—
Common stock equivalents from ESPP	16,676		—		—		—

Weighted average number of common shares outstanding - diluted	58,496,350		53,183,767		55,988,736		52,075,399
Net income (loss) per share:
Basic	$	0.04	$	(0.19)	$	(0.00)	$	(0.26)
Diluted	$	0.04	$	(0.19)	$	(0.00)	$	(0.26)

Schedule of Outstanding Potentially Dilutive Common Stock Equivalents Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive common stock equivalents have been excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Common stock options	175,961	2,006,646	1,338,592	2,006,646
RSUs	560,346	3,680,131	2,408,633	3,680,131
ESPP	—	10,404	—	10,404
	736,307	5,697,181	3,747,225	5,697,181