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:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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Anti-Dilutive Common Share Equivalents |
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2022 |
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2021 |
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2022 |
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2021 |
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Restricted stock units |
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4,432,216 |
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3,642,298 |
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4,432,216 |
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3,642,298 |
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Stock options |
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88,000 |
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97,553 |
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88,000 |
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97,553 |
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Convertible senior notes |
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129,546 |
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2,277,017 |
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129,546 |
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2,277,017 |
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Conversion of preferred stock |
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5,333,334 |
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5,333,334 |
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5,333,334 |
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5,333,334 |
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Employee Stock Purchase Plan |
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6,516 |
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4,051 |
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6,516 |
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4,051 |
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Total anti-dilutive common share equivalents |
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9,989,612 |
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11,354,253 |
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9,989,612 |
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11,354,253 |
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Basic and Diluted Net Loss per Common Share |
Basic and diluted net loss per common share is calculated as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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Numerator: |
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Net loss |
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$ |
(6,986 |
) |
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$ |
(18,054 |
) |
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$ |
(21,427 |
) |
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$ |
(35,171 |
) |
Preferred dividends |
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(1,600 |
) |
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(1,600 |
) |
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(4,800 |
) |
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(4,800 |
) |
Net loss attributable to common stockholders |
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$ |
(8,586 |
) |
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$ |
(19,654 |
) |
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$ |
(26,227 |
) |
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$ |
(39,971 |
) |
Denominator: |
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Weighted-average common shares outstanding, basic and diluted |
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34,279,464 |
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33,354,624 |
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33,937,778 |
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32,978,394 |
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Net loss per common share, basic and diluted |
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$ |
(0.25 |
) |
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$ |
(0.59 |
) |
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$ |
(0.77 |
) |
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$ |
(1.21 |
) |
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