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Basic and Diluted Net Loss Per Share (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Basic and Diluted Net Loss Per Share    
Schedule of earnings per share, basic and diluted

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

 

    

2021

    

2020

    

Numerator:

 

 

  

 

 

  

 

Net loss

 

$

(65,101)

 

$

(18,367)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

  

 

 

  

 

Shares used in computing net loss attributable per share to common stockholders, basic and diluted

 

 

85,331,575

 

 

34,965,300

 

Net loss attributable per share to common stockholders:

 

 

  

 

 

  

 

Basic and diluted

 

$

(0.76)

 

$

(0.53)

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

    

(as restated)

    

2019

Numerator:

 

 

  

 

 

  

Net loss

 

$

(54,032)

 

$

(103,319)

Induced conversion of preferred stock

 

 

(17,284)

 

 

 —

Net loss attributable to common stockholders, basic

 

$

(71,316)

 

$

(103,319)

 

 

 

 

 

 

 

Add: gain on warrant fair value

 

 

(2,427)

 

 

 —

Adjusted net loss for diluted loss per share

 

$

(73,743)

 

$

(103,319)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

  

Shares used in computing net loss attributable per share to common stockholders, basic

 

 

36,344,234

 

 

31,170,351

Shares used in computing net loss attributable per share to common stockholders, diluted

 

 

36,374,215

 

 

31,170,351

Net loss attributable per share to common stockholders:

 

 

  

 

 

  

Basic

 

$

(1.96)

 

$

(3.31)

Diluted

 

$

(2.03)

 

$

(3.31)

 

Schedule of antidilutive securities excluded from computation of earnings per share

 

 

 

 

 

 

 

    

2021

    

2020

    

Stock options

 

6,199,325

 

6,918,406

 

Restricted stock units and awards

 

1,282,327

 

96,550

 

Legacy Porch warrants

 

 —

 

3,134,068

 

Public and private warrants

 

6,237,377

 

 —

 

Earnout shares

 

4,099,999

 

 —

 

Convertible debt

 

 —

 

1,034,760

 

 

 

 

 

 

 

 

    

2020

    

2019

Stock options

 

6,414,611

 

7,428,682

Restricted stock units and awards

 

2,581,902

 

495,633

Legacy Porch warrants

 

 —

 

3,060,530

Public warrants

 

8,625,000

 

 —

Earnout shares

 

6,150,000

 

 —

Convertible debt

 

 —

 

1,734,264