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Note 10 - Net Loss Per Share

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 10 — Net Loss Per Share

The following table (in thousands, except for loss per share) reconciles basic and diluted weighted average common shares outstanding for each of the nine months ended September 30, 2022 and 2021:

		*Three Months Ended*								*Nine Months Ended*
		*September 30,*								*September 30,*
		*2022*				*2021*				*2022*				*2021*
Weighted average common shares outstanding:
Basic			129,418				119,374				125,716				118,677
Dilutive unvested stock, convertible preferred stock, Common Stock Warrants and IPO Warrants			—				—				—				—
Diluted			129,418				119,374				125,716				118,677

Basic and diluted net loss per share attributable to common stockholders		$	(0.19	)		$	(0.03	)		$	(0.47	)		$	(0.23	)

Potentially dilutive securities not included in the diluted net loss per share computations because their effect would have been anti-dilutive were as follows (in thousands):

		*Three Months Ended*								*Nine Months Ended*
		*September 30,*								*September 30,*
		*2022*				*2021*				*2022*				*2021*
Unvested stock and stock units ⁽¹⁾			1,918				1,831				1,751				1,581
Convertible preferred stock			47,707				34,095				45,653				29,174
Common Stock Warrants			1,240				2,510				1,388				2,486
IPO Warrants⁽²⁾			—				12,082				—				12,082
Total potentially dilutive common shares			50,865				50,518				48,792				45,323

⁽¹⁾	Includes the impact of unvested shares containing performance conditions to the extent that the underlying performance conditions are satisfied based on actual results as of the respective dates.

⁽²⁾	The IPO Warrants were issued in connection with our initial public offering in 2015 and expired on July 24, 2022.