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Net Loss Per Common Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Common Share Equivalent Securities Excluded from Calculation of Weighted-Average Common Shares Outstanding

The following common share equivalent securities have been excluded from the calculation of weighted average common shares outstanding because the effect is anti-dilutive for the periods presented:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

Anti-Dilutive Common Share Equivalents

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Restricted stock units

 

 

4,432,216

 

 

 

3,642,298

 

 

 

4,432,216

 

 

 

3,642,298

 

Stock options

 

 

88,000

 

 

 

97,553

 

 

 

88,000

 

 

 

97,553

 

Convertible senior notes

 

 

129,546

 

 

 

2,277,017

 

 

 

129,546

 

 

 

2,277,017

 

Conversion of preferred stock

 

 

5,333,334

 

 

 

5,333,334

 

 

 

5,333,334

 

 

 

5,333,334

 

Employee Stock Purchase Plan

 

 

6,516

 

 

 

4,051

 

 

 

6,516

 

 

 

4,051

 

Total anti-dilutive common share equivalents

 

 

9,989,612

 

 

 

11,354,253

 

 

 

9,989,612

 

 

 

11,354,253

 

 

Basic and Diluted Net Loss per Common Share

Basic and diluted net loss per common share is calculated as follows:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,986

)

 

$

(18,054

)

 

$

(21,427

)

 

$

(35,171

)

Preferred dividends

 

 

(1,600

)

 

 

(1,600

)

 

 

(4,800

)

 

 

(4,800

)

Net loss attributable to common stockholders

 

$

(8,586

)

 

$

(19,654

)

 

$

(26,227

)

 

$

(39,971

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

34,279,464

 

 

 

33,354,624

 

 

 

33,937,778

 

 

 

32,978,394

 

Net loss per common share, basic and diluted

 

$

(0.25

)

 

$

(0.59

)

 

$

(0.77

)

 

$

(1.21

)