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Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net (Loss) Income Per Share Attributable to Common Stockholders

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands, except for net loss per share)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income (loss)

 

$

2,226

 

 

$

(30,737

)

 

$

(23,853

)

 

$

(58,761

)

Accretion of redeemable series A-1 preferred stock

 

 

 

 

 

(6,542

)

 

 

 

 

 

(17,601

)

Redeemable series A-1 preferred stock deemed dividend

 

 

 

 

 

 

(24,341

)

 

 

 

 

 

 

(24,341

)

Convertible and redeemable series A-2 preferred

   stock dividend

 

 

(4,100

)

 

 

(2,870

)

 

 

(12,300

)

 

 

(2,870

)

Net loss attributable to common stockholders

   –basic and diluted

 

 

(1,874

)

 

 

(64,490

)

 

 

(36,153

)

 

 

(103,573

)

Weighted-average common shares outstanding –

   basic and diluted

 

 

26,220

 

 

 

21,554

 

 

 

25,798

 

 

 

13,669

 

Net loss per share attributable to common

   stockholders –basic and diluted

 

$

(0.07

)

 

$

(2.99

)

 

$

(1.40

)

 

$

(7.58

)

Equity Shares Excluded from Calculation of Diluted Net (Loss) Income per Share Attributable to Common Stockholders

 

The following equity shares were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive:

 

 

 

September 30,

 

 

 

2021

 

 

2020

 

Stock options

 

 

1,686,688

 

 

 

2,423,900

 

Restricted stock

 

 

28,623

 

 

 

176,384

 

Warrants

 

 

 

 

 

116,350