Note 11 - Net Loss Per Share

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 11 — 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 three and six months ended June 30, 2023 and 2022:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022
Weighted average common shares outstanding:
Basic		150,933			126,314			148,943			123,835
Dilutive unvested stock, convertible preferred stock, Common Stock Warrants and IPO Warrants		—			—			—			—
Diluted		150,933			126,314			148,943			123,835
Basic and diluted net loss per share attributable to common stockholders	$	(0.84	)	$	(0.13	)	$	(1.08	)	$	(0.27	)

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				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Unvested stock and stock units (1)		2,014		1,981		2,033		1,666
Convertible preferred stock		57,039		41,725		56,239		40,159
Common Stock Warrants		1,448		1,474		1,414		1,463
IPO Warrants (2)		—		12,082		—		12,082
Total potentially dilutive common shares		60,501		57,262		59,686		55,370

⁽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.