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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except for net loss per share)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net loss

 

$

(7,174

)

 

$

(7,751

)

 

$

(21,893

)

 

$

(15,287

)

Convertible and redeemable series A-2 preferred
   stock dividend

 

 

(4,100

)

 

 

(4,100

)

 

 

(8,200

)

 

 

(8,200

)

Net loss attributable to common stockholders
   –basic and diluted

 

 

(11,274

)

 

 

(11,851

)

 

 

(30,093

)

 

 

(23,487

)

Weighted-average common shares outstanding –
   basic and diluted

 

 

30,047

 

 

 

29,678

 

 

 

29,952

 

 

 

29,670

 

Net loss per share attributable to common
   stockholders –basic and diluted

 

$

(0.38

)

 

$

(0.40

)

 

$

(1.00

)

 

$

(0.79

)

Common Stock Equivalents Excluded from Calculation of Diluted Loss Per Share Attributable to Common Stockholders

The following common stock equivalents were excluded from the calculation of diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive:

 

 

 

June 30,

 

 

 

2023(1)

 

 

2022(1)

 

Stock options

 

 

3,436,263

 

 

 

3,424,418

 

Restricted stock

 

 

2,325,322

 

 

 

1,777,958

 

Series A-2

 

 

5,350,017

 

 

 

4,728,460

 

SARs

 

 

3,000,000

 

 

 

3,000,000

 

_____________________________

(1) Includes 7,578,724 and 6,523,097 common stock equivalents that are out of the money as of June 30, 2023 and June 30, 2022, respectively.