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Net Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Computation Basic and Diluted Net Income (Loss) Per Share

The following table presents the computation of basic and diluted net income (loss) per share attributable to common stockholders, as a group, for the periods presented:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Net income (loss)

 

$

5,070

 

 

$

(12,024

)

Income impact of forward purchase agreements

 

 

(346

)

 

 

 

Total undistributed income (loss)

 

$

4,724

 

 

$

(12,024

)

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

35,080

 

 

 

24,882

 

Dilutive effect of forward purchase agreements

 

 

1,140

 

 

 

 

Dilutive effect of stock-based awards

 

 

1,520

 

 

 

 

Common stock and common stock equivalents

 

 

37,740

 

 

 

24,882

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

0.14

 

 

$

(0.48

)

Diluted net income (loss) per share

 

$

0.13

 

 

$

(0.48

)

 

 

 

 

 

 

 

Following are the calculations of basic and diluted net income (loss) per share for each class of common stock (refer to the tables above for the impact of common stock equivalents on common shares for the periods presented):

 

 

Year Ended December 31,

 

 

2022

 

 

2021

 

 

Common

 

 

Class 1

 

 

Class 2

 

 

Class 3

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

5,070

 

 

$

(4,532

)

 

$

(6,646

)

 

$

(846

)

Weighted average shares outstanding

 

35,080

 

 

 

9,375

 

 

 

13,755

 

 

 

1,752

 

Common stock and common stock equivalents

 

37,740

 

 

 

9,375

 

 

 

13,755

 

 

 

1,752

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

$

0.14

 

 

$

(0.48

)

 

$

(0.48

)

 

$

(0.48

)

Diluted net income (loss) per share

$

0.13

 

 

$

(0.48

)

 

$

(0.48

)

 

$

(0.48

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Antidilutive Shares

The following shares of common stock subject to certain instruments were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented as their effect would have been antidilutive (with figures recast using the conversion ratio for the Business Combination, as applicable):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Shares subject to warrants

 

 

10,451

 

 

 

 

Shares subject to convertible promissory notes

 

 

2,421

 

 

 

12,481

 

Preferred stock

 

 

 

 

 

6,140

 

Escrow Shares

 

 

1,625

 

 

 

 

Shares subject to outstanding common stock options and RSUs

 

 

3,705

 

 

 

3,851

 

Shares subject to stockholder earn-out rights

 

 

5,429

 

 

 

 

 

 

 

23,631

 

 

 

22,472