Net Loss per Share

9 Months Ended

Sep. 30, 2021

14.	Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods indicated:


(in thousands, except per share amounts)	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2021			2020			2021
Numerator:
Net loss attributable to stockholders	$	(10,386	)	$	(25,256	)	$	(51,233	)	$	(21,231	)
Less: Undistributed amounts allocated to participating securities		—			—			—			—

Undistributed losses allocated to stockholders		(10,386	)		(25,256	)		(51,233	)		(21,231	)
Denominator:
Weighted average number of shares outstanding, basic		88,332,134			89,431,022			88,325,838			88,956,388
Weighted average additional shares assuming conversion of potential common shares		—			—			—			—

Weighted average common shares outstanding - diluted		88,332,134			89,431,022			88,325,838			88,956,388

Net loss per share attributable to stockholders, basic	$	(0.12	)	$	(0.28	)	$	(0.58	)	$	(0.24	)

Net loss per share attributable to stockholders, diluted	$	(0.12	)	$	(0.28	)	$	(0.58	)	$	(0.24	)

Prior to the forgiveness of the promissory notes in August 2021, the Company’s participating securities included shares of common stock issued in exchange for promissory notes that were being treated as fully vested outstanding stock options and were excluded from the denominator of basic earnings per share. These awards contained the same rights to distributions declared on the Company’s common stock but did not have a contractual obligation to share in losses, and as a result, in the periods where the Company was in a net loss position, net losses were not allocated to these participating securities. As of September 30, 2021, the forgiven promissory notes are reflected as an issuance of common stock and are included in the denominator of basic earnings per share.

The following potentially dilutive outstanding securities were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	Three and Nine Months Ended September 30,
	2020		2021
Stock options		8,771,481		13,175,249
Restricted Stock Awards		—		1,824,597
Restricted Stock Units		—		44,211